Search Results for: ELA
US becoming largest oil producer in the global economy
September 30th, 2014
The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane ...
Alibaba IPO shows why lawyers matter
September 29th, 2014
Following the record-setting IPO of Alibaba, Jack Ma is now a global business icon. In China he has been a business titan for a much longer period of time. When the appointed date arrived, Ma was incensed to learn ...
Swiss bank UBS started FX trading settlement talks
September 29th, 2014
UBS, Switzerland’s largest bank, has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. UBS did not identify the ...
New Zealand dollar sinks after central bank sells
September 29th, 2014
The New Zealand dollar sank Monday after the central bank disclosed it conducted its biggest sell-off of the currency in seven years to lower an exchange rate that is squeezing exporters. Data released by the Reserve Bank showed it ...
Illegal Irish corporate tax deals for Apple
September 29th, 2014
Preliminary findings of an investigation into tax deals have found Apple Inc.(AAPL.O) being accused of benefiting from illicit state aid in Ireland after striking illegal deals with Irish authorities and will have to face Brussels’ law. Details of the probe, which ...
‘Russia’s Facebook’ $1.5bn deal ends long-running litigation
September 26th, 2014
Four firms have played lead roles in a $1.47bn (£900m) transaction between two Russian online giants which brought to an end years of complex litigation. Akin Gump Strauss Hauer & Feld, Fried Frank Harris Shriver & Jacobson, Hogan Lovells ...
Another Western Energy Company Ends Russian Cooperation
September 25th, 2014
ExxonMobil Corp. was the first Western company to bow to Western sanctions against Moscow and suspend offshore Arctic drilling for Rosneft, the Kremlin-owned oil giant. Now another large Western energy company, France’s Total, is ending its effort with Russia’s ...
BOC to sell high-yield bond fund in Europe
September 24th, 2014
One of China’s state-owned banks has struck a deal with Citigroup to market its first fund to pension funds and retail investors in Europe. Bank of China Hong Kong Asset Management, which is owned by Bank of China, has ...
Tesco-style accounting risks
September 24th, 2014
Tesco Plc’s disclosure of huge accounting mistakes over contracts with its suppliers shocked industry analysts and executives, but not because they didn’t realise the potential for disaster. On the contrary, they assumed that everyone in retailing was fully aware ...
Bitcoin on PayPal
September 24th, 2014
PayPal announced a monumental partnership that will likely play a large part in the adoption of bitcoin throughout the world. The company has partnered with BitPay, Coinbase, and GoCoin to provide bitcoin support to the millions of PayPal users. ...
