Search Results for: ELA
Legislative on cheque imaging and payment systems access updated
September 8th, 2014
FCA has announced changes on legislation which has recently been introduced to British Parliament affecting payment systems. As part of FCA’s commitment to transparency, the Payment Systems Regulator (PSR) has set out below details of these latest developments in ...
Legal fees for Alibaba IPO top $15.8m, beating Facebook
September 8th, 2014
Law firms advising on the $21bn mega IPO of Chinese e-commerce giant Alibaba are to split $15.8m in legal fees, as the Hangzhou-based company prepares to list on the New York Stock Exchange later this month. Legal Week first ...
China to Overtake USA by 2024
September 8th, 2014
China is set to overtake the U.S. as the world’s largest economy in U.S. dollar terms over the next decade, according to a new report by IHS Economics. IHS measured the size of China’s economy in U.S. dollar terms, ...
Top Scottish firms break recession spell with £438.2m combined turnover
September 8th, 2014
Scotland’s top independent firms have pulled out of the recession in earnest in 2013/14, with the top 20 turning over a combined revenue of £438.2m, a rise of 8 per cent on £406.9m the previous year. Brodies and Burness ...
IMF’s Lagarde urges France for structural reforms
September 8th, 2014
The head of the International Monetary Fund (IMF) is urging France to speed up structural reforms to bolster economic growth and warning against using weak inflation as an excuse to relax public deficit reduction efforts. In an interview with ...
As Brazil Vote Nears, Testimony Ties Top Political Figures to Corruption Scandal
September 8th, 2014
As Brazilians prepare to vote in a national election next month, a scandal involving the state-controlled oil giant Petrobras flared up again this weekend over testimony that implicated dozens of top figures in President Dilma Rousseff’s governing coalition in ...
Japan PM’s stance on next tax hike ‘utterly neutral’
September 5th, 2014
Prime Minister Shinzo Abe stands “utterly neutral” on whether to decide in December to raise the sales tax again next year but he will be very cautious in his decision given the potential blow to the economy, Japan’s economy ...
BP ‘grossly negligent’ in 2010 U.S. spill, fines could be $18 billion
September 5th, 2014
A U.S. judge has decided that BP Plc was “grossly negligent” and “reckless” in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in ...
Promise From European Central Bank Is Also a Gamble
September 5th, 2014
By promising to rev up the printing presses, the European Central Bank has created hope in the markets that Europe may finally start to overcome its economic challenges. Yet the central bank is taking a big gamble in directing ...
MFSA warns of suspicious Facebook posts
September 5th, 2014
The Malta Financial Services Authority (MFSA) has recently become aware of a number of posts on Facebook that contain offers of loans to the public in Malta of between €1,000 and €500,000 at an annual interest rate of 3%. ...
