Search Results for: EU
Ukraine crisis: Kiev faces halt to gas supply
June 16th, 2014
Gazprom has reaffirmed its Monday deadline for Ukraine to pay its debts after talks between Moscow and Kiev ended without agreement. The Russian gas giant said it will cut Ukraine’s supply if Kiev fails to pay $1.95bn (£1.15bn) by ...
ASIC suspends former Banksia auditor for five years
June 13th, 2014
The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Mr Warren John Sinnott of Kennington, Victoria, as part of an ongoing investigation into the collapse of Banksia Financial Group (Banksia Group). Under the EU, ...
Wall St. slides on concerns about Iraq
June 13th, 2014
U.S. stocks fell on Thursday as concerns escalated about Iraq and after disappointing economic data on retail sales and jobless claims. The three major U.S. stock indexes ended off their session lows. With the day’s decline, though, the S&P ...
Bank Recovery and Resolution Directive for CIFs
June 12th, 2014
The Cyprus Securities and Exchange Commission (CySec) is informing the Cyprus Investment Firms (‘the CIFs’) about Bank Recovery and Resolution Directive and on the Data requested by the EU Parliament as follows: 1. The European Parliament and the Council ...
HM Treasury, the BoE and the Financial Conduct Authority announce Fair and Effective Markets Review
June 12th, 2014
The British government has announced in a press release publishing the Fair and Effective Markets Review the strategic steps to follow in order to raise standards of conduct in the financial system. The review was conducted jointly by the Treasury, the ...
RBNZ raises OCR to 3.25 percent
June 12th, 2014
The Reserve Bank of New Zealand (RBNZ) has issued a press release informing that it has increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand’s economic expansion has considerable momentum, with GDP estimated ...
FASB Seeks to Simplify Accounting Rules
June 12th, 2014
With an eye on simplification, the Financial Accounting Standards Board has taken up a few short-term projects to cut some unnecessarily complexity out of accounting rules and finalized new rules for development-stage entities. FASB recently decided based on constituent ...
For OPEC, the price of oil is just right, for the moment
June 12th, 2014
The world oil market has set up quite nicely for OPEC. Dramatic changes in oil production around the globe are balancing each other out instead of wreaking havoc. This has helped world oil prices stay high enough to provide ...
Asian Stocks Retreat From Six-Year High as Kiwi Advances
June 12th, 2014
Asian stocks fell, with the regional benchmark index retreating from its highest close in six years, after U.S. stocks dropped by the most in three weeks. Euronext delayed the opening of cash markets due to a “critical issue” while ...
Crédit Agricole (CIB) Selects Solace Systems Messaging Appliances for Next Generation eTrading Platform
June 11th, 2014
Solace Systems announced that Crédit Agricole Corporate and Investment Bank (CIB), has decided to implement Solace messaging appliances as the data distribution backbone as part of its continuous investment in low latency electronic trading in FX, Rates and Bonds. ...
