Search Results for: MoU
Oil Prices Rise on Hint of Willingness to Cut Supplies
January 27th, 2016
Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated that large producers might be more willing to cut production, ...
China shares tumble again, taking 2016 losses to $2 trillion
January 27th, 2016
Chinese shares fell sharply again on Wednesday after plunging in the previous session, taking losses in 2016 to nearly 25 percent or 13 trillion yuan ($2 trillion). The benchmark Shanghai Composite Index SSEC was down 3 percent in afternoon ...
Morgan Stanley Appoints 156 New Managing Directors
January 26th, 2016
Morgan Stanley (NYSE: MS) has announced the appointment of 156 Managing Directors. The new Managing Directors are: Alex Abagian Juan A. Abril Tobias Åkermark Shotaro Akita Carlos Andrade Michael Asmar Dave Atheis Vanessa Barboni Frederick Barnfield Scott A. Beicke ...
UK tax avoidance: Google looks ‘to pay three times more tax’ in France than in UK
January 26th, 2016
Google is said to be negotiating a tax settlement with France worth three times more than it paid the British Exchequer even though it employs thousands more staff in the UK. The UK arm generates about three times as ...
Oil rout, Fed-ticipation hurts Asia stocks; China leads losses
January 26th, 2016
Asian equities came under pressure on Tuesday from a renewed selloff in oil overnight, ahead of the Federal Reserve’s monetary policy decision on Thursday. U.S. crude fell below $30 a barrel after sliding as much as 7 percent on ...
Greece Reaches Tsipras Anniversary Facing Pension Battle
January 25th, 2016
Bonds sink ahead of tough negotiations over pension reform Government wants speedy end to bailout review with creditors Prime Minister Alexis Tsipras is marking the one-year anniversary of his election on Monday as Greece finds itself once again with ...
Ukraine’s anti-monopoly committee fines Gazprom $3.4bn
January 25th, 2016
The anti-monopoly committee of Ukraine has fined Russia’s Gazprom $3.4 billion for alleged abuse of its dominant position on the Ukrainian gas transit market, the committee’s head Yuriy Terentyev said Friday. “A decision was just made regarding Gazprom’s abuse ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
January 25th, 2016
It’s official – global stocks have entered a bear market. On Wednesday, we learned that the MSCI All-Country World Index has fallen a total of more than 20 percent from the peak of the market. So that means that ...
Google tax deal labelled ‘derisory’, as criticism grows
January 25th, 2016
An agreement for US firm Google to pay £130m in UK back taxes has been labelled as “derisory” and a “sweetheart deal” by critics. The payment covers money owed since 2005 and follows a six-year inquiry by Her Majesty’s ...
