Search Results for: EBA
Regulator says EU Banks Must Shun Bitcoin Until Rules in Place
July 4th, 2014
European Union banks should shun virtual currencies such as Bitcoin until a system of rules to prevent abuses are put in place, according to the bloc’s top banking regulator. The European Banking Authority called on the EU to develop ...
Piketty with Chinese Characteristics
July 4th, 2014
In his bestselling book Capital in the Twenty-First Century, Thomas Piketty argues that capitalism aggravates inequality through several mechanisms, all of which are based on the notion that r (the return on capital) falls less quickly than g (growth ...
Green Action plan for SMEs
July 2nd, 2014
It is time for SMEs to turn sustainability challenges into opportunities. Accountants can make both the short and the long-term case for sustainability, says global accountancy body. Despite the importance of small and medium-sized enterprises (SMEs) to the world ...
Emerging Stocks Advance as Oil Declines While Europe Stoc
June 30th, 2014
Emerging-market stocks rose, extending the biggest quarterly advance since September 2012. Shares in Europe fell, while oil declined as continuing violence in Iraq failed to disrupt supply. The MSCI Emerging Markets Index (BUSY) climbed 0.4 percent at 7:25 a.m. ...
Sex Video Is New Twist In GSK China Bribery Scandal
June 30th, 2014
GlaxoSmithKline GSK.L on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker’s business in China. The Sunday ...
Offshore Tax Crackdown Opens With 30% Penalties for Banks
June 30th, 2014
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector. Tomorrow, the U.S. government ...
Pimco runs risks in turning up the ‘vol’
June 27th, 2014
It was a tantalising introduction. Bill Gross, Pimco’s “Bond King” and founder of the world’s largest fixed income fund, promised to impart the secrets of his extraordinary success to an audience of financial advisers in Chicago. “I’ll be handing ...
Rethinking the Sino-American Relationship
June 27th, 2014
In early July, senior US and Chinese officials will gather in Beijing for the sixth Strategic and Economic Dialogue. With bilateral frictions mounting on a number of fronts – including cyber security, territorial disputes in the East and South ...
Flaw found in PayPal two-step security
June 26th, 2014
Researchers have discovered a hole in an extra security measure used by PayPal, the eBay-owned payments company, to protect customers’ online accounts. Duo Security, a Michigan-based cyber security company, says its researchers have found a way to bypass so-called ...
Supreme Court enshrines privacy of smartphones
June 26th, 2014
US police must obtain a warrant to search a suspect’s smartphone after the Supreme Court ruled on Wednesday that constitutional privacy protections apply to the often extensive data people keep on the devices in their pockets. In a unanimous ...
