Search Results for: EY
Russia’s economy fall sharply in growth
May 16th, 2014
Russia’s economy slowed sharply in the first three months of 2014 as the Ukraine crisis slammed business confidence and investment. Official Russian statistics showed gross domestic product grew by an annual rate of 0.9% in the first quarter. That ...
Bitcoin consumer platform debuts at Circle
May 16th, 2014
Starting Friday at 5:30 a.m. ET, Bitcoin start-up Circle is launching a Web platform that will allow consumers to purchase Bitcoin in any amount they choose and then use that Bitcoin to spend on online shopping, at restaurants and ...
FCA: Martin Brokers (UK) Limited was fined for significant failings in relation to LIBOR
May 15th, 2014
The Financial Conduct Authority (FCA), the British regulatory authority, has fined Martin Brokers (UK) Ltd (Martins) £630,000 for misconduct relating to the London Interbank Offered Rate (LIBOR). Martins would have been fined £3,600,000 but for the fact that the ...
Demand for Venture Capital Outstripping the Supply
May 15th, 2014
Fewer entrepreneurs expect to be able to tap traditional venture capital funds in 2014, but corporate venture money may help fill the gap. As talk of a tech bubble spreads, a handful of tech stocks have pulled back in ...
High Court dismisses JR on unfair dismissal cap
May 15th, 2014
The High Court has dismissed a request for a judicial review challenging the newly introduced cap of one year’s salary in compensation for unfair dismissal. The cap came into force on 29 July last year under the Unfair Dismissal ...
ASIC issues penalty fine
May 15th, 2014
The Australian Securities and Investments Commission (ASIC), issued two infringement notices for misleading statements in Product Disclosure Statements (PDS) for two investor funds the company manages as responsible entity for Australian Mutual Holdings Limited (AMH) which must pay $20,400 in ...
Europe grew faster than U.S.
May 15th, 2014
European economic growth was weaker than expected in the first three months of 2014, but still managed to outpace the U.S. for the first time in three years. Gross domestic product across the 18 countries in the eurozone grew ...
Interview with Member of the Executive Board of the ECB, Peter Praet
May 15th, 2014
Mr Praet, business activity is picking up in Europe. Hasn’t it become time to prepare increases in interest rates – rather than to ease monetary policy further, as the European Central Bank (ECB) indicated rather clearly last week? That ...
Bitcoin’s Intergration to PayPal is under consideration
May 15th, 2014
John Donahoe, CEO of ecommerce giant eBay, said he is actively considering an integration of popular digital currency bitcoin with the company’s payment processing service PayPal. In a Q&A session at the company’s annual shareholder meeting on 13 May, ...
Tax Reform Is Not a Fantasy
May 15th, 2014
U.S. companies are stockpiling a record amount of foreign earned profits abroad, roughly $2.1 trillion. The amount of cash held overseas by U.S. multinationals is up 93 percent since 2008. And Uncle Sam receives a near-zero return on foreign ...
