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China says GSK-linked trial being handled according to law

July 8th, 2014 (0)
The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC (GSK.L) in China will be handled according to the law, China’s foreign ministry said on Tuesday, brushing off U.S. concern about the ...

Dollar holds steady, takes breather after rally

July 8th, 2014 (0)
The dollar held steady versus a basket of major currencies on Tuesday, having retreated from the previous day’s near-two-week high, giving the euro a chance to get over an unexpected slump in German industrial output. The dollar index was ...

Australia accused of breaking law after returning asylum seekers to Sri Lanka

July 8th, 2014 (0)
Australia has been accused of breaking international law and violating the refugee convention after returning a group of 41 Sri Lankan asylum seekers who attempted to reach the country by boat directly into the hands of the Sri Lankan ...

Central Banks Testing Limits of Monetary Policy

July 8th, 2014 (0)
The world’s major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action. From Washington to London ...

Australia 200 – Not Getting ‘Carried Away’ Above 5500

July 8th, 2014 (0)
Australia 200 for Tuesday, July 8, 2014 So will the Australia 200 Index be able to maintain its break through the key resistance level at 5500 having enjoyed a solid week last week? It reversed a little yesterday after ...

Germany Proposes a Road Tax Aimed Primarily at Foreigners

July 8th, 2014 (0)
The German government announced plans on Monday to charge a road-use fee on all cars using roads and highways in Germany, a measure aimed at the foreign-registered cars that make an estimated 170 million trips to and through the ...

U.K. Stocks, Power-Tax Rebates, Bonus Remarks: Compliance

July 7th, 2014 (0)
Britain’s markets regulator should investigate whether the closing prices of stocks are being manipulated, according to lawmakers. Conservative Mark Garnier pressed for the investigation by the Financial Conduct Authority at a July 3 hearing of the Treasury Committee in ...

Goldman Sachs Brings Forward Rate Forecast as Treasuries Drop

July 7th, 2014 (0)
Goldman Sachs Group Inc. brought forward its forecast for the Federal Reserve to raise interest rates after U.S. employers added more jobs than forecast, sending five-year Treasuries lower for a fourth day. The Fed will increase its benchmark in ...

Bond Anxiety in $1.6 Trillion Repo Market as Failures Soar

July 7th, 2014 (0)
In the relative calm that is the market for U.S. Treasuries, a sense of unease over a vital cog in the financial system’s plumbing is beginning to rise. The Federal Reserve’s bond purchases combined with demand from banks to ...

The gap between accountants and clients

July 7th, 2014 (0)
I was intrigued to read some new and original research published by Robert Craven of The Directors’ Centre, reports Mark Lee. Craven is no stranger to AccountingWEB. My interview with him in 2012 about his book, ‘Grow Your Service ...
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