Search Results for: IG Group
Bringing It Back Home
August 28th, 2014
An increasing number of American companies are making plans to shift their headquarters to Europe. These so-called “inversions” would reduce these companies’ total tax bill by allowing them to escape from the United States’ uniquely unfavorable corporate tax rules. ...
Strong Demand for Australian Bonds
August 28th, 2014
The strongest demand at Australian bond auctions in a decade reflects yields in a sweet spot: more stable than those in the U.S. and higher than those in Europe. Reserve Bank of Australia Governor Glenn Stevens has said he ...
West TX Oil Holds at $94.50 on a Neutral Inventory Report
August 28th, 2014
Brent crude dipped on Thursday, but still held between $102 and $103 a barrel, as expectations of ample supply weighed on prices. Global oil supply is expected to exceed demand this year, cooling prices. Oil futures on both sides ...
Detroit, hold-out creditors must go to bankruptcy mediation: judge
August 27th, 2014
Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city’s historic bankruptcy case. The move followed a Monday hearing before U.S. Bankruptcy ...
KPMG and EY win major listed company audits
August 26th, 2014
KPMG and EY have won out as the latest batch of major listed company audit tenders has been decided. FTSE 250-listed Pennon Group, which provides water and sewerage services, has chosen EY to run its £1m audit. Another £1.3m ...
Swiss Bank Pictet Reveals Results for First Time
August 26th, 2014
The Swiss private bank Pictet Group reported its financial results publicly for the first time in its 209-year history on Tuesday, showing a profit and highlighting continuing changes in Switzerland’s traditionally secretive banking culture. Pictet, a privately held wealth ...
Brent Oil Rallies Above $102 on Geopolitical Tensions
August 26th, 2014
Brent crude oil rose on Monday and U.S. crude fell in light trading, as support from geopolitical tensions in Ukraine and Libya countered ample supplies and anticipated weak demand after a slew of disappointing economic data from the United ...
Hedge Funds Sue to Get Argentine Bond Payment in London
August 26th, 2014
A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million euro interest payment on Argentine bonds from Bank of New York Mellon that was blocked by a United ...
Roche to acquire Drug Maker InterMune for $8.3 Billion
August 25th, 2014
The Swiss drug maker Roche is buying InterMune, a specialist in treatments for breathing diseases, for $8.3 billion, as pharmaceutical firms continue to seek new products to bolster their offerings. The Swiss drug maker Roche agreed on Sunday to ...
Scotland to impose its own tax authority
August 22nd, 2014
Edinburgh took a step closer to operating its own version of HMRC this week, after the Scottish parliament passed the Revenue Scotland and Tax Powers Bill. The chair of the Chartered Institute of Taxation’s (CIOT) Scottish technical subcommittee, Moira ...
