Search Results for: EC
New rule will soon be adopted for audit
August 14th, 2014
A new rule that will require accounting firms to disclose the names of individual partners who work on company audits could be adopted as soon as September, the top U.S. audit watchdog said Wednesday. The rule proposed by the ...
Asia shares up as investors bank on more stimulus
August 14th, 2014
Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. An economic contraction in Japan, ...
Brent Oil up to $104 Despite Inventory Surge
August 14th, 2014
Crude rose in choppy trading on Wednesday, with Brent recovering from a 13-month low as turmoil in Iraq and Libya kept concerns about potential supply disruptions in focus. Separately, U.S. crude prices rose despite the U.S. Energy Information Administration ...
Mexico plans to open oil industry to foreigners
August 14th, 2014
Mexico aims to develop its energy future in its changing landscape of oil and gas industry looking for foreign interest. Private investors will have the opportunity to bid on a significant percentage of the prospective reserves, though under the ...
Failure of Private Deal Over Argentine Debt by Hedge Fund Holdouts
August 14th, 2014
Aurelius Capital Management announced that efforts to reach a deal with private parties in the wake of Argentina’s debt had collapsed. The firm is one of the hedge funds that has battled with Argentina over billions of dollars in ...
Gold Remains Rangebound
August 13th, 2014
Gold is listless on Wednesday, continuing a week with little movement. The spot price stands at $1308.60 per ounce in the European session. On the release front, attention shifts to US retail sales data, with the release later today ...
MFSA accepts surrender of licence
August 13th, 2014
MFSA, the Maltese regulator, has issued an announcement informing that Mansard Capital SICAV plc (“the Scheme”) recently requested the Malta Financial Services Authority (MFSA) to accept the surrender of the collective investment scheme licence granted in relation to Mansard CTA Fund (“the Sub-Fund”). ...
Goldman Sachs a final bidder for $1.6 billion Tokyo building
August 13th, 2014
A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen ($1.6 billion), said people familiar with the deal, which could be the biggest office ...
China antitrust probes hit concerns over European firms
August 13th, 2014
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms. An array of industries have been ...
Brokerages face exodus as advisers get better deal in indie firms
August 13th, 2014
The four biggest U.S. brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by taking their clients and starting an independent firm before they retire. Prices are rising ...