Search Results for: ELA
FCA restricts distribution of CoCos to retail investors
August 5th, 2014
The Financial Conduct Authority (FCA) will restrict firms from distributing contingent convertible securities (CoCos) to the mass retail market from 1 October 2014. CoCos are highly complex and the FCA believes they are unlikely to be appropriate for the ...
HSBC reports pretax profit of $1 billion on MENA operations
August 5th, 2014
HSBC has reported that its profit before tax for H1 2014 in the Middle East and North Africa is up nine per cent on both reported and constant currency bases. On an underlying basis, profit before tax increased by ...
European Stocks Advance as BMW Beats Earnings Forecasts
August 5th, 2014
European stocks rose, rebounding from four days of losses, as companies including Bayerische Motoren Werke AG and Credit Agricole SA reported better-than-expected quarterly profit. U.S. stock futures were little changed, while Asian shares fell. BMW and Deutsche Post AG ...
DOTAS ‘kiss of death’ for tax avoidance schemes
August 5th, 2014
The Dotas regime has become the “kiss of death” for tax avoidance schemes and has pushed some promoters into providing non-DOTAS structures instead. The Disclosure of Tax Avoidance Schemes (DOTAS) sees anyone entering into a scheme generating tax savings ...
Daimler says assisting Chinese authorities in investigation
August 5th, 2014
Daimler AG’s (DAIGn.DE) luxury brand Mercedes-Benz said it is cooperating with China’s anti-monopoly authorities over an investigation into unspecified matters, after local Chinese media reported the German automaker’s Shanghai office had been raided. “We confirm that we are assisting ...
Technical Analysis USD/CHF seeks to refresh 2014 high
August 5th, 2014
Technical Analysis USD/CHF for August 05, 2014 Pair’s Outlook As it turned out, USD/CHF did not have to slide down to 0.90 in order to terminate the correction that was started last week. Right now the currency pair is ...
Asia stocks steady after Wall Street rally, dollar off peaks
August 5th, 2014
Asian stocks slipped on Tuesday after a survey showed China’s services sector growth fell to a record low, souring the positive mood from upbeat U.S. earnings and relief over Portugal’s rescue of its largest bank. Spreadbetters saw Europe faring ...
Alibaba Has a Computing Cloud, and It’s Growing, Too
August 5th, 2014
Alibaba, the Chinese e-commerce giant, has a growing cloud computing business and a hunger for American companies. And soon, it will most likely have a large amount of cash. Will it take on the American cloud giants? It would ...
China’s Fosun unveils $441 million cash bid for Australian ROC Oil
August 4th, 2014
The proposed “merger of equals” between Australian exploration and production companies ROC Oil and Horizon Oil has been scotched by China’s Fosun International, which has emerged with a A$474 million ($441 million) takeover offer for ROC. ROC said Monday ...
Kenyatta Sees Kenya Windfall Tax in Resource Laws in Months
August 4th, 2014
Kenya will impose capital-gains and windfall taxes on oil, gas and mining companies within months to ensure the East African nation maximizes benefits from its mineral resources, President Uhuru Kenyatta said. “This is something that we are very clear ...
