Search Results for: EC
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
Bitcoins to be taxed like shares
August 20th, 2014
BITCOIN and other crypto-currency investors will have to pay capital gains tax on the sale of these assets, according to new guidance by the Australian Taxation Office. People in possession of bitcoins don’t need to declare it to the ...
Asian Stocks Fall as BHP Billiton Drags Index Lower
August 20th, 2014
Asian stocks fell after valuations reached the highest level this year and as BHP Billiton Ltd. (BHP) slumped, dragging materials shares to the largest decline on the regional gauge. BHP, the world’s largest miner, tumbled 3.9 percent in Sydney ...
U.K. Inflation Cools Supporting the BoE
August 20th, 2014
U.K. inflation cooled more than economists forecast in July, giving the Bank of England room to keep its key interest rate at a record low. The rate of consumer-price growth fell to 1.6% from 1.9% in June, the Office ...
Argentina says to bring defaulted debt under national law
August 20th, 2014
President Cristina Fernandez on Tuesday unveiled legislation that seeks to push bondholders to swap defaulted debt for new notes governed by Argentine law, a move aimed at skirting a U.S. ruling that prevented her government from paying its creditors. ...
U.K. Regulator ‘Comfortable’ With Fund Managers Earning Millions
August 20th, 2014
Fund managers are entitled to be paid millions of pounds if they’re delivering high returns for investors, the U.K. markets regulator said, the first sign it won’t seek to impose wage caps on the industry. Regulators around the world ...
Rich Russians in U.K. Think About Sanctions, but Keep Buying Mansions
August 20th, 2014
A lunchtime crowd of around 60 real-estate agents and property developers tucked into champagne, caviar and canapés last week at a new six-bedroom mansion in St. George’s Hill, a gated community in London’s leafy suburbs popular with ultrawealthy foreigners. ...
George Soros bets $2B-plus on stock market collapse: industry insiders
August 20th, 2014
Billionaire businessman George Soros has upped his ante in what some industry insiders say in his long-running bet that the United States will suffer a massive stock market collapse in the coming months. The most recent 13-F filing Mr. ...
Stewarts to launch tax litigation team to capitalise on boom in tax disputes
August 20th, 2014
Stewarts Law will launch a tax litigation group in 10 weeks’ time to hone in on the swathe of tax-related cases hitting the courts. The new specialist group will join the litigation firm’s nine specialist areas, which include the ...
Japan trade deficit grows
August 20th, 2014
Japan’s trade deficit rose in July from the month before to a wider than expected 964 billion yen ($9.4 billion), though exports were higher for the first time in three months, the government said Wednesday. It was the 25th ...
