Search Results for: European Commission
UK to reject EU plans to combat multinational tax avoidance
June 19th, 2015
David Gauke, financial secretary to the Treasury, insists on tax competition as opposed to Union’s plan to introduce common tax rules Britain will reject plans announced in Brussels this week to combat industrial-scale tax avoidance by the world’s biggest ...
Greece crisis: Emergency summit called for Monday
June 19th, 2015
An emergency summit of leaders from eurozone nations will be held on Monday, after the latest attempt to resolve the Greek debt crisis failed. A meeting of finance ministers on Thursday made no breakthrough. Head of the Eurogroup, Jeroen ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
S.Korea reviewing whether global banks in FX probe affected Korea
June 17th, 2015
South Korea’s anti-trust agency chief said on Wednesday the agency is looking into whether the activities of six global banks that were recently fined nearly $6 billion in a U.S. and European forex probe had affected South Korean companies. ...
China Shares Fall as Startup Shares Get Pricey
June 16th, 2015
Stocks in Asia mostly fell Tuesday, with China leading the decline, as investors there sell shares in highflying startup stocks that have gotten expensive. The Shanghai Composite Index was down 0.9% at 5019.42 following a 2% drop Monday, while ...
What is the cost if Greece exit Eurozone?
June 15th, 2015
Grexit to Cost the World One Trillion Euros in Losses Greek Finance Minister Yanis Varoufakis has estimated that Grexit would cause the international economy a trillion euros in losses, besides, there will be a considerable political damage as “the ...
LSE to offer membership to Hong Kong firms
June 15th, 2015
Regulatory approval received for Hong Kong firms to access Europe’s most liquid and international market Further significant boost to growing UK – Greater China financial ties London Stock Exchange plc today announces it has received regulatory approval from Hong ...
EU and IMF sign an Agreement for a €8 million Fiscal Reforms Program in Southeastern Europe
June 12th, 2015
The European Union (EU) and the International Monetary Fund (IMF) signed a grant agreement for a €8 million (US$9 million) capacity development program on fiscal reforms in Southeastern Europe (SEE). IMF Deputy Managing Director Carla Grasso made the following ...
Germany, France Targeted as EU Chases Tax-Loophole Data
June 9th, 2015
The European Union stepped up a probe into tax loopholes for multinational companies, demanding details of specific agreements in 15 nations including euro-area heavyweights Germany, France and Italy. Regulators also issued an ultimatum to Poland and Estonia for failing ...
CFTC Staff Announces it is Issuing No-Action Relief from Introducing Broker and Commodity Trading Advisor
June 8th, 2015
CFTC Staff Announces it is Issuing No-Action Relief from Introducing Broker and Commodity Trading Advisor Registration to Persons Located Outside the United States Engaged in Activities on behalf of Customers that are International Financial Institutions The U.S. Commodity Futures ...
