Search Results for: EY
IASB adopts new simplified standard over lease accounting
August 11th, 2014
The IASB has changed its position regarding lease accounting for the chances of convergence between US and global standards. The global standard setter has issued a document citing that it has decided to adopt a single model for lease ...
Comments and Petitions: How the BitLicense Will Affect the Future of Bitcoin
August 11th, 2014
When Ben Lawsky and the NYDFS met with key players in the Bitcoin community earlier this year, there were many questions of what the committee would propose and how it would affect Bitcoin entrepreneurs, businesses and the future of ...
The Tricks of China’s Trade
August 11th, 2014
Last year, China ostensibly reached another milestone in its meteoric rise, surpassing the United States to become the world’s largest trading country, with its total trade turnover valued at CN¥25.83 trillion ($4.16 trillion). But this achievement is largely illusory ...
Kinder Morgan companies to combine into a $71B move
August 11th, 2014
Kinder Morgan, oil and gas pipeline and storage companies, announced its plans of combining Kinder Morgan Inc., Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners will all combine under the Kinder Morgan Inc. umbrella and ...
SRA shuts down Manchester firm
August 11th, 2014
The Solicitors Regulation Authority has shut down the Manchester firm Robert Meaton & Co due to suspected dishonesty by one of the partners. According to the firm’s website release the regulator intervened the practice of Andrew John Davies and ...
New accounting standard rule against banks’ losses from loans
August 11th, 2014
A new international accounting standard, IFRS 9, will set as requirement that banks should set aside more money in order to protect against losses from customers who can’t repay loans. The new rule will come into effect in 2018 ...
SEC pursues brokerage firm and CEO
August 11th, 2014
The Securities and Exchange Commission (SEC) has charged a Bahamas-based brokerage firm and its president for enabling a fraud that was halted when the SEC charged the hedge fund manager at the center of the scheme. The SEC alleges ...
How Bond Traders Profited Off U.S. Wage of $24.45 an Hour
August 11th, 2014
Yields on 10-year Treasuries (USGG10YR) hit a three-week high, suggesting traders were bracing for evidence the long-awaited pickup in wages would materialize and provide the catalyst for the Federal Reserve to raise interest rates. While the economy rebounded last ...
Canada Dollar Drops as Yields Hit Lowest in Year on Jobs
August 11th, 2014
Canada’s dollar declined to almost a three-month low and 10-year bond yields sank to the least in a year as the nation’s employers added fewer jobs in July than forecast, increasing concern the economy is faltering. Canada’s dollar weakened ...
Tax on online advertisements bring discontent to e-tailers in Bangalore
August 11th, 2014
With Budget 2014 re-introducing service tax on online and mobile advertising, e-commerce industry facing the direct brunt of it has now adopted a wait and watch strategy. But they feel that the government needs to go extra mile to ...
