Search Results for: Ether
Malaysia Airlines faces doubtful future
July 18th, 2014
Shares in Malaysia Airlines closed down 11% in Malaysia following the crash of flight MH17 in Ukraine on route from Amsterdam to Kuala Lumpur. Some Asian stock markets also ended the day lower on fears the crash may intensify ...
FASB Unveils Plan to Simplify Inventory, Extraordinary Items
July 18th, 2014
In its quest to simplify accounting standards, the Financial Accounting Standards Board has issued two new proposals — one to make it easier to measure inventory and another to eliminate requirements around extraordinary items. To make inventory measurement simpler, ...
MPs grill HMRC over accounts and new powers
July 18th, 2014
HMRC’s chief executive, Lin Homer, has told MPs that it will let the National Audit Office check its forecasts for tax collection after it miscalculated figures by £1.9bn a year. Homer and other HMRC board directors also told MPs ...
High & Low Finance: Citigroup’s Settlement, Pro and Con
July 18th, 2014
The punishment did not fit the crime, or at least it did not fit the crime that was charged. Citigroup’s $7 billion settlement of charges that it sold bad mortgage securitizations is a classic example of prosecutors striking a ...
Implementing the new European accounting directive
July 17th, 2014
In implementing the New European Accounting Directive, the Member States have choices which give them the chance to improve accounting in their country and those choices should be more evidence-based. This was the main conclusion of a roundtable facilitated ...
Hedge fund plans American Apparel future without ex-CEO Charney
July 17th, 2014
Standard General, a little-known hedge fund that has taken the reins of American Apparel, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that ...
Asia follows Wall St. higher, euro probes lows
July 17th, 2014
Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger ...
Yellen Says Restraining the Fed’s Oversight Would Be a ‘Grave Mistake’
July 17th, 2014
The Federal Reserve’s chairwoman, Janet L. Yellen, said on Wednesday that it would be a “grave mistake” for Congress to adopt legislation proposed by House Republicans constraining the Fed’s management of monetary policy. Ms. Yellen and Republican lawmakers traded ...
Handful of non-EU banks to make European stress tests debut
July 16th, 2014
A handful of global banks are bracing themselves for their first results from Europe’s bank stress-testing regime, which will tell them in October whether they have enough capital to withstand future crises. Banks outside the European Union have traditionally ...
FX Benchmark Overhaul
July 16th, 2014
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations that traders colluded to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board proposed changes to the way the WM/Reuters rates ...
