Search Results for: German
Ultra-low Interest Rates: Dangerous or Just a Price?
September 22nd, 2015
Two recent reports start by observing that long-term interest rates have been at extraordinarily rock-bottom levels for several years now. But from that common starting point, the analysis of the reports heads in different directions. The Council of Economic ...
VW emissions probe spreads to Asia
September 22nd, 2015
The South Korean government said that it will start an investigation into Volkswagen’s (VW) diesel cars after the automaker admitted to rigging emissions tests in the US. The government said it would test up to 5,000 VW Jetta and ...
Volkswagen Drops 22% After Admitting Diesel Emissions Cheat in U.S.
September 21st, 2015
Shares drop most in almost seven years in trading on Monday CEO said on Sunday he’s “deeply sorry” for broken trust Volkswagen AG dropped the most in almost seven years after it admitted to cheating on U.S. air pollution tests ...
Safe-deposit-box: the preferred method of tax dodgers
September 18th, 2015
Italians looking to conceal assets turn to safe-deposit boxes. Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, ...
Russian Firm Plans Local Version of Bitcoin Digital Currency
September 18th, 2015
A leading Russian payment services provider is developing the country’s first virtual currency — the bitruble. If the company, Qiwi, can overcome resistance from Russia’s financial authorities — which fear that cryptocurrencies could be used to launder money and ...
Big Banks Cutting Tens Of Thousands Of Jobs; Huge Implications
September 16th, 2015
Money center banks — which over the past few decades have grown into the biggest financial entities the world has ever seen — appear to have hit a wall, and are now shedding tens of thousands of workers. Three ...
Deloitte is fined over audit failure
September 15th, 2015
First major finding against a ‘Big 4’ firm by watchdog, writes Gavin McLoughlin Accountancy giant Deloitte has been hit with a “severe reprimand” and a €41,000 penalty by the Chartered Accountants Regulatory Board (CARB). It is the first major ...
Deutsche Bank to close almost all Russian operations: sources
September 15th, 2015
Deutsche Bank (DBKGn.DE) has decided to close its Russian operations, apart from transaction banking services, two financial sources told Reuters on Monday. Such a move would make Russia the first casualty of a sweeping plan to shrink the group’s ...
EY reports 2015 global revenues up by 11.6%
September 15th, 2015
Fastest growth since 2008 with revenues up by 11.6% in local currency Growth across all four service lines and four geographic areas Emerging market practices’ revenue up by 12.3% Developed markets’ growth led by the US, UK, Germany, Australia ...
Global Markets: Stocks end solid week on cautious note
September 11th, 2015
Stocks stay on track for best week in eight Fed rate decision next week hangs in the balance “Quite a fragile time” – equity fund manager Global stocks around the world slipped into the red on Friday but remained ...
