Search Results for: Oman
China Inflation Drops to Five-Year Low in January
February 10th, 2015
China’s Consumer-Price Index Rose 0.8% in January From a Year Earlier Inflation in China fell to a five-year low in January, spurring calls from economists for more stimulus measures to counter deflationary pressure in the world’s second-largest economy. China’s ...
SEC probes Blackberry options trading ahead of Reuters report about Samsung talks
February 6th, 2015
The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according ...
UBS Faces a New Tax-Evasion Probe
February 5th, 2015
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...
Alstom Gets Break on Fine
February 2nd, 2015
Court Granted Delay in $772 Million Payment Because of Possible Business Impact When the U.S. Justice Department announced a record $772 million foreign-bribery settlement with Alstom SA in December, there was a hitch: The French engineering company couldn’t pay ...
Greece Asks ECB to Keep Banks Afloat, Tsipras Pitches Deal
February 2nd, 2015
Greek Prime Minister Alexis Tsipras began the hunt for allies against German demands for austerity as his week-old government appealed to the European Central Bank not to shut off the money tap. Tsipras traveled to Cyprus on Monday before ...
What Would Exclusion From Payment System SWIFT Mean For Russia?
January 29th, 2015
Discussions among European leaders about new sanctions on Moscow have again raised fears that the SWIFT international payments system might be cut off, a move that experts warn would wreak financial havoc on Russia. The Society for Worldwide Interbank ...
Apple Sues Ericsson Over Patents Related to LTE Connectivity
January 14th, 2015
Apple Inc. sued Ericsson , alleging the patents being asserted by the Swedish networking giant aren’t “essential” to high-speed wireless technology the iPhone maker uses in its mobile devices. In a complaint filed in U.S. District Court for Northern ...
Bulgarian regulator to fine KPMG over Corpbank audit
January 9th, 2015
A Bulgarian regulator said on Thursday it will fine the global accounting firm KPMG and two of its employees, saying they did not properly vet the books of Corporate Commercial Bank before it was hit by a run on ...
Hong Kong Continues To Attract Record FDI
January 9th, 2015
Invest Hong Kong, the territory’s inward investment agency, has announced that it assisted a record number of businesses to establish operations in 2014. InvestHK’s Director-General of Investment Promotion, Simon Galpin, said: “2014 was another record year for InvestHK in ...
Credit Suisse says Milan offices searched by Italian tax police
January 8th, 2015
Credit Suisse said on Thursday its offices in Milan were searched by Italian tax police last month, following reports of an investigation into whether a Bermuda subsidiary of the Swiss bank helped wealthy Italians hide undeclared funds. “We can ...
