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China stocks turn higher

July 21st, 2015 (0)
Other Asian markets also edge up on tail of strong U.S. corporate earnings Stocks in Asia edged higher Tuesday on the tail of strong corporate earnings in the U.S. and China’s stabilizing markets. The Shanghai Composite Index SHCOMP, +0.48% ...

IRS Probes Singapore Asset Manager for accepting transfers from undeclared Swiss accounts

July 20th, 2015 (0)
First came Switzerland. Now the Internal Revenue Service has a new target: Singapore Criminal investigators at the IRS are probing whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by U.S. taxpayers, according to lawyers familiar ...

Gold tumbles to more than five-year low, China shares fall

July 20th, 2015 (0)
Gold tumbled to a more than five-year low Monday, and China shares drifted lower after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold GCQ5, -2.31% fell 2.3% from its opening price Monday ...

HMRC debt recovery powers to raid bank accounts ride roughshod over Magna Carta principles

July 17th, 2015 (0)
Buried in the hefty tome presented to the House of Commons at the Budget last week were these 36 words: “Direct recovery of debts – This government will introduce legislation to modernise and strengthen HMRC’s powers to recover tax ...

Deloitte Trials Blockchain Tech for Client Auditing

July 16th, 2015 (0)
Professional services firm Deloitte has revealed it is trialling blockchain technology to automate client auditing and crowdsource its consulting efforts, among other applications. With the announcement, Deloitte – one of the world’s ‘Big Four’ audit firms – becomes the ...

Why Germany refuses to write off Greece’s debts

July 16th, 2015 (0)
The International Monetary Fund says Greece’s debts are too big to pay and need to be partly forgiven. Germany says that’s out of the question. German officials, led by Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble, say that ...

China Shares Recover From Earlier Losses

July 16th, 2015 (0)
Chinese shares swung back to positive territory Thursday, as hundreds of shares resumed trading, while markets elsewhere in Asia rose after Greece approved austerity measures to secure a bailout. The Shanghai Composite was last up 1.1% at 3847.30, having ...

The ‘Greek Debt Deal’ Is Already Starting To Fall Apart

July 15th, 2015 (0)
The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted ...

How Future Bitcoin Can Prevent a Future Greece

July 14th, 2015 (0)
The digital currency is at a turning point, evolving much more quickly than some observers realize Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in ...

FCA warning against clone firm

July 14th, 2015 (0)
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details: Augustine ...
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