Search Results for: MoU
Bitcoin’s Futile Quest to Be a Currency
June 2nd, 2014
Bitcoin is a fascinating and ingenious technology, but most promoters are mindful of neither the monetary nor the tax issues. For all practical purposes IRS regulations issued in March preclude bitcoins from being used as an alternative currency. The ...
USA ‘to fine BNP Paribas €7 billion’ in sanctions probe
May 30th, 2014
The US is seeking more than €7.4 billion ($10 billion) to resolve a criminal probe into allegations that the French bank evaded US sanctions against Iran, Sudan and Cuba, the Wall Street Journal reported Thursday. BNP – the largest ...
The New Paradigm for Banks
May 30th, 2014
Why are U.S. banks having a harder time making money? It’s a question that extends well beyond business models, operating environments and market valuations to the role they play in the economy, during good times and bad. Financial institutions ...
Tax Breaks May Not Be Enough to Jumpstart Crimea’s Struggling Economy
May 30th, 2014
In an effort to jumpstart Crimea’s faltering economy, a government plan could offer tax breaks and other juicy business conditions on the peninsula for the next half century — but even this may not be enough to attract businesses ...
GBP/USD retreats from 100-day SMA
May 30th, 2014
Pair’s Outlook Being that GBP/USD has just broken out of the bullish channel to the downside and met a strong support level, there is likely to be a pullback up to 1.6784/76. And regardless of the bullish technical indicators ...
Valeant’s Hostile Allergan Bid Keeps Getting More Hostile
May 29th, 2014
Here is a thing that I guess you do when you’re trying to fend off an acquisition proposal: That’s from a May 12 presentation by Allergan, which is trying to fight off Valeant’s unwanted attentions. There are two points ...
Facebook seeks to buy WhatsApp
May 28th, 2014
Facebook Inc. (NASDAQ:FB) has asked the European Union to review its plan to buy Internet messaging service WhatsApp. The Wall Street Journal said on Wednesday that instead of risking long-term delay to individual country review of the deal, that ...
Levine on Wall Street: Wise Rabbits and Philosophical Regulators
May 28th, 2014
Paul McCulley is back. Pimco’s new chief economist is Paul McCulley, back for his third stint at the firm that he previously left in 1992, returned to in 1999, and left again in 2010. So he knows what the ...
Japanese Lawmakers to Lobby Abe for Russian Gas Pipeline
May 28th, 2014
Japanese lawmakers are reviving efforts for a 600 billion yen ($5.9 billion) natural gas pipeline from Russia, which last week signed a supply deal with China, to cut energy costs after the Fukushima nuclear disaster. A group of 33 ...
Dear Investors: China’s Problems Are Your Problems
May 27th, 2014
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets ...
