Search Results for: EC
Kesgrave: Accountant sentenced over £24,000 fraud has paid back nearly £5,000 in compensation
July 4th, 2014
A partner at an accountancy firm with branches in Suffolk and Norfolk who admitted fraud involving £24,000 has repaid the outstanding balance from his offending, a court has heard. Adam Clarke, who worked in the business recovery department of ...
Rupee retreats from lows as cbank steps up dollar purchases
July 4th, 2014
Rupee was trading at 59.80/81 versus its close of 59.73/74 as the central bank steps down dollar purchases while a fall in the domestic sharemarket also hurts. Dealers say the central bank has been spotted buying dollars sporadically via ...
ASIC shuts down unlicensed foreign exchange trading
July 4th, 2014
The Australian Securities and Investments Commission (ASIC) following its strict financial regulatory policy has commenced action in the NSW Supreme Court to stop Vault Market Pty Ltd and its sole director, Mr MD Anamul Amin, of Wiley Park, New South ...
China shares slip from 2-week highs, but property stocks have solid gains
July 4th, 2014
China shares slipped from two-week highs on Friday as investors took profit on recent outperformers, though solid gains by property counters kept the losses small. The Shanghai Composite Index, which rose the first four days of the week, inched ...
Barclays chairman warns on FX regulation
July 4th, 2014
The foreign exchange market needs “fine tuning” rather than heavy handed reform, the chairman of Barclays argued on Thursday, as he unveiled a new compliance academy aimed at raising standards within the bank. Sir David Walker said that while ...
Consequences for failing to comply with financial statement filing obligations
July 3rd, 2014
The Financial Markets Authority (FMA) has filed charges against the directors of eight companies that raise funds from the public, for breaches of the Financial Reporting Act (FRA). “Filing financial statements on time is a basic requirement for companies ...
New regulation of financial advisers providing tax advice in Australia
July 3rd, 2014
From 1 July 2014, the Tax Practitioners Board (TPB) regulates financial advisers who provide tax (financial) advice services under the Tax Agent Services Act 2009 (Cth) (TASA). Until now, financial advisers have been exempt from the TASA regime. Financial ...
Investment in London Capital Group approved by shareholders
July 3rd, 2014
The Board of London Capital Group has announced that, at a General Meeting of shareholders held on 3rd July, the proposed investment in the Company by GLIO Holdings Ltd and possibly existing shareholder(s) of up to £17.5 million ...
U.S. jobs data seen reinforcing strong growth outlook
July 3rd, 2014
U.S. employment growth is expected to have continued at a solid clip in June, which would further dispel fears about the economy’s health and underscore its momentum heading into the second half of 2014. Nonfarm payrolls probably increased by ...
EU Court voids sanctions on former Syrian minister
July 3rd, 2014
A European Union court has voided sanctions imposed by the 28-nation bloc on Syria’s former economy minister. The EU’s General Court said Thursday a travel ban and asset freeze imposed on Mohamad Nedal Alchaar cannot be upheld only on ...
