Search Results for: FIS
Detroit Creditors Seek to Defend Pension Debt in Lawsuit
May 16th, 2014
A bond insurer wants the chance to fight Detroit’s effort to cancel $1.4 billion in pension debt, while the city is asking a judge to take a bus tour of its blighted areas before ruling on its $18 billion ...
Sony has fallen 7% after company forecasts more losses
May 15th, 2014
Shares in Japanese electronics giant Sony have fallen by as much as 7% after the company forecast its second straight year of losses. The stock sell-off came after Sony reported a loss of 125bn yen (£732m; $1.3bn) for the ...
IRS said to make $13B in improper refunds
May 14th, 2014
The U.S. government doled out more than $13 billion last year in improper payments of a tax credit meant to help the working poor, according to a government watchdog. One of the country’s largest cash assistance programs, the so-called ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Hong Kong, US Wrapping Up FATCA Agreement
May 13th, 2014
Hong Kong and the United States have substantially concluded discussions on an inter-governmental agreement (IGA) to simplify Hong Kong financial institutions’ compliance with the Foreign Account Tax Compliance Act. The Financial Services and the Treasury Bureau (FSTB) said that ...
What Beats by Apple would mean for music, and you
May 12th, 2014
It’s an odd pairing, really, the gadget-obsessed tech giant from Silicon Valley teaming up with hip-hop super producer Dr. Dre and music mogul Jimmy Iovine. But late Thursday, reports surfaced that a $3.2 billion deal was in the works ...
Two men arrested for insider trading and abuse of public office, $7 million restrained
May 9th, 2014
The Australian Federal Police and Australian Securities and Investments Commission have issued a joint press release as follows: Two men have been arrested by the Australian Federal Police (AFP) today for offences relating to insider trading, money laundering, corruption ...
Yen at 85 Seen by Tokai Predicting BOJ Policy Miss: Japan Credit
May 9th, 2014
The Bank of Japan’s failure to achieve its inflation target will see the yen rebound to the highest since 2012, reversing the results of its unprecedented stimulus, according to Tokai Tokyo Securities Co. The currency will strengthen beyond 85 ...
What to Do If You Forgot to Pay Taxes
May 8th, 2014
The IRS got more than 131 million tax returns last month. Was yours one of them? If you forgot, or didn’t file for some other reason, it’s a mistake to do nothing and hope the tax authorities look the ...
Territory confrontations escalate among China, Vietnam and the Philippines
May 8th, 2014
Tensions escalated in the South China Sea region this week after China, Vietnam and the Philippines were involved in a series of potentially explosive confrontations over disputed territory. Vietnamese officials say Chinese military and civilian ships have been intimidating ...
