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Stock futures tick up on earnings, world conflicts eyed

July 23rd, 2014 (0)
U.S. stock index futures edged up on Wednesday, boosted by bullish earnings from companies like Microsoft and Boeing, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence. Microsoft (MSFT.O) shares rose 2.4 percent in premarket trading ...

Russian Billionaires in ‘Horror’ as Putin Risks Isolation

July 21st, 2014 (0)
Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said. If Putin doesn’t move to end the ...

Trafigura Targets $8B India Metals Market With Online Store

July 16th, 2014 (0)
Switzerland-based Trafigura has launched an online store in India to sell aluminum, copper and other metals, seeking a slice of the $8 billion market and becoming the first big commodities trader to cater to hordes of small manufacturers dotting ...

Dollar slips on Fed minutes, Aussie eyes jobs test

July 10th, 2014 (0)
The dollar started at one-week lows against a basket of major currencies on Thursday, coming under some pressure after minutes of the Federal Reserve’s June meeting gave no clear indication on when interest rates will rise. The minutes confirmed ...

Juncker faces dilemma over EU tax probe into Grand Duchy

July 9th, 2014 (0)
Foot-dragging by Luxembourg over an EU probe into questionable tax deals for multinational corporations has created a potential conflict of interest for the Grand Duchy’s former premier who is set to head the EU’s executive branch. Jean-Claude Juncker, whose ...

More U.S. companies doing deals to avoid U.S. taxes: Congress study

July 8th, 2014 (0)
Seventy-six U.S. corporations have shifted their tax domiciles out of the United States to other countries since 1983 to avoid U.S. taxes, with a sharp increase recently in such deals, a policy research arm of Congress said on Monday. ...

European Stocks Decline for Fourth Day Amid Iraq Violence

June 25th, 2014 (0)
European stocks fell for a fourth day, the longest stretch in seven weeks, as violence in the Middle East escalated. U.S. index futures were little changed, while Asian shares declined. GDF Suez SA dropped 3 percent after France said ...

Three large multinationals under pricing investigations

June 18th, 2014 (0)
The European Commission has launched an investigation into the transfer pricing arrangements of three large multinationals about how they’re treated in three countries. The companies are Apple in Ireland, Fiat Finance and Trade in Luxembourg and Starbucks in the ...

New EU Bank-Creditor Loss Rules Leave Room for Confusion

June 13th, 2014 (0)
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...

FSA agrees on mutual Reliance with Foreign Jurisdictions in the Area of Audit Oversight

June 11th, 2014 (0)
The Japanese Financial Services Agency (FSA) and the Certified Public Accountants and Auditing Oversight Board (CPAAOB) published “A Framework for Inspection / Supervision of Foreign Audit Firms, etc.” on September 14, 2009, and stated that with respect to information ...
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