Search Results for: BRIC
Finnish investment funds have significantly reduced their investments in Russia
February 2nd, 2015
Bank of Finland issued a statistic saying that: The outlook for the Russian economy was in 2014 clearly reflected in the investments by investment funds registered in Finland. During the year, investment funds’ assets in Russia decreased by nearly ...
DHC Becomes Member of Baker Tilly International; a Major Presence in India
January 28th, 2015
Baker Tilly International has strengthened its presence in India by adding Desai Haribhakti Consultants (DHC) to its network. Based in Mumbai, DHC is a multi-disciplinary firm with a wide geographic presence in a further ten locations, covering all the ...
Bitcoin dealer sentenced to four years in US prison
January 21st, 2015
Robert Faiella, 55, and an accomplice were charged with conspiracy to commit money laundering and running an unlicensed money transmitting business. A New York court Tuesday (Jan 20) handed a four-year prison sentence to a Bitcoin exchange operator who ...
Alibaba Competitor Wanda E-commerce Raises $161M At $3B Valuation
January 5th, 2015
China-based Wanda E-commerce, which hopes to position itself as a rival against Alibaba, has raised one billion RMB (about $161 million) in funding from investment funds Centec Networks and Xude Rendao. Wanda E-commerce says this quadruples its valuation to 20 billion ...
The Russian Riddle: An Alternative View on the Collapse of the Rouble
December 18th, 2014
Winston Churchill is famously quoted as saying that: “Russia is a riddle wrapped in a mystery inside an enigma.” The past twelve months have surely proved how right he was. The past couple of weeks have certainly not been ...
Where Are Oil Prices Headed In The Long Run?
December 18th, 2014
Global benchmark crude oil prices have declined sharply this year on slower demand growth and rising supplies. The growth in demand for crude oil has slowed down significantly this year due to moderating economic growth in emerging markets, such ...
U.S. auction of Silk Road bitcoins draws 27 bids
December 5th, 2014
The U.S. Marshals Service on Thursday received more than two dozen bids for 50,000 bitcoins seized from the alleged owner of Silk Road, an Internet black-market bazaar on which authorities say drugs and other illegal goods could be bought. ...
Enforcement Directorate probes Rs.20,000 crore hawala link in India-Iran trade, UCO Bank under scanner
December 4th, 2014
The Enforcement Directorate (ED) has begun an open enquiry under FEMA Act, in perhaps – one of the biggest hawala scam – against all those export-import (exim) companies that deals with Central Asian nations, specifically Iran and Azerbaijan. The ...
Bitcoins Seized From Silk Road Offered in Second Auction
December 4th, 2014
The U.S. government will auction 50,000 bitcoins as it disposes the virtual currency seized after closing down the illicit Silk Road marketplace last year. Today’s tender is the second sale after the U.S. Marshals Service sold almost 30,000 bitcoins in June, ...
States Lose Patience Over US Internet Sales Tax
November 21st, 2014
The National Conference of State Legislatures (NCSL) has sent a letter to House of Representatives Speaker John Boehner (R – Ohio), expressing its “disappointment and frustration” with his announcement ruling out passage of the Marketplace Fairness Act (MFA) during ...
