Search Results for: ESMA
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
October 16th, 2014
From Moscow to Caracas, Riyadh to Baghdad, in Tehran, Algiers, Kuwait City and Lagos, officials are confronting the plunge in prices — roughly 25 percent since a peak in June. A steep decline in oil prices is straining the ...
Ireland Considers changes on Corporate Tax
October 13th, 2014
Multinational companies are bracing for their last serving of the “Double Irish.” Ireland is expected on Tuesday to announce changes to its tax code that could eventually close one of the world’s most famous corporate-tax loopholes, dubbed the Double ...
Statoil sells Shah Deniz stake for $2.25 billion to Petronas
October 13th, 2014
Norway’s Statoil (STL.OL) has sold its remaining 15.5 percent stake in the Azeri gas project Shah Deniz to Malaysia’s Petronas for $2.25 billion, the latest in a string of asset sales made to shore up returns to shareholders. ...
World Bank moves to quell staff revolt
October 8th, 2014
The World Bank’s chief financial officer has agreed to forgo a $94,500 annual bonus in order to quell a staff revolt hitting the bank as the world’s finance ministers and central bank governors gather in Washington for its annual ...
CySec: Risks Associated with Investing in Contingent Convertible Instruments
October 3rd, 2014
The Cyprus Securities and Exchange Commission (CySEC) has published an announcement regarding the supervised entities, the stakeholders and the investing public to the statement published by the European Securities Markets Authority (ESMA) titled Potential Risks Associated with Investing in Contingent ...
Arbitration may be dropped from EU-US trade deal
September 30th, 2014
The EU’s incoming trade chief on Monday raised the possibility that controversial investor protections which she described as politically “toxic” could be dropped from a new transatlantic trade deal, suggesting the pact could be less ambitious than Washington and ...
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 ...
Cambodia sees a growth in consumerism
September 29th, 2014
Though poverty is still rife in the countryside, an urban boom and robust growth fueled by garment manufacturing for brands such as Nike (NKE.N) and GAP (GPS.N) has given rise to a growing consumer class that earns triple the ...
EU may probe Google’s non-search services
September 24th, 2014
European competition authorities may widen an examination of Google to look at non-search services following several complaints, a senior official said yesterday. European Competition Commissioner Joaquin Almunia said that broadening a probe that has already been running for four ...
Europe groups fear being caught in US tax crackdown
September 22nd, 2014
European multinationals have launched a rearguard effort in Washington to prevent them becoming unintended victims of a US crackdown on tax-driven international mergers. As the Obama administration finalises plans to curb “tax inversion” deals, big European companies that typically ...
