Search Results for: MoU
Natural Gas Causing ‘Detour’ on Road to Cleaner Fuel
October 2nd, 2014
Natural gas is often promoted as a cleaner alternative to gasoline — a kind of “bridge fuel” between emission-heavy energy sources and zero-emission renewables like solar and wind. But a new study casts doubt on the benefits of natural ...
Swiss bank UBS started FX trading settlement talks
September 29th, 2014
UBS, Switzerland’s largest bank, has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. UBS did not identify the ...
Wall St. Bankrolls Ex-Executive as He Sues Over A.I.G. Bailout
September 24th, 2014
Maurice R. Greenberg, the former chief of A.I.G., has now raised several million dollars from three Wall Street investors to help cover the cost of the case. One might call it “chutzpah,” as several irate lawmakers did, or “rubbing ...
Citizens Financial’s Offering Raises $3 Billion as It Parts From R.B.S.
September 24th, 2014
After 26 years within the Royal Bank of Scotland, the Citizens Financial Group, the American retail bank, is setting off on its own. The bank raised $3 billion in its initial public offering on Tuesday, valuing itself at $12.9 ...
French court charges UBS with €1.1 bn over tax fraud
September 23rd, 2014
A 1.1-billion-euro payment was imposed to Swiss Bank UBS by a French court by a French court, for allegedly helping rich French clients to hide money in Switzerland. The bank made an appeal in July after charges of tax ...
China to invest $20 billion in India despite territorial dispute
September 23rd, 2014
The leader of the People’s Republic of China Xi Jinping arrived on a visit to India, where he had a meeting with Prime Minister Narendra Modi. During the talks, Modi expressed concerns that the trade imbalance between China and ...
US SEC gives largest-ever Whistleblower Award of more than $30M
September 23rd, 2014
The U.S. Securities and Exchange Commission, or SEC, announced Monday that it will give out the largest-ever whistleblower award to an anonymous tipster who lives outside the country. The whistleblower will receive more than $30 million for providing crucial ...
Experts warn over VAT digital services rules
September 19th, 2014
Businesses who make and sell apps or provide digital services to consumers in the European Union will see their paperwork increase in January due to new legislation to counter tax avoidance, experts have warned. Currently VAT on digital services ...
Why The Bitcoin Price Dropped Today
September 19th, 2014
Normally in the Bitcoin world sudden price fluctuations ranging from $10-$30 can be attributed to market manipulation by large holders of the virtual currency. However, when the price changes greater than $30 in a short period of time there ...
Financial crisis a reason for late tax payment
September 18th, 2014
Sometimes bad economic news can be good news for taxpayers. A judge has ruled that the recession was a reasonable excuse for a family business to not pay a VAT bill on time. Scrimsign Micro Electronics, which makes electronic ...
