Search Results for: RBI
World Gone Mad, Part 2: “Perpetual Preferred”
October 10th, 2016
Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors desperate to keep the high that comes from effortless bull-market profits. In the junk ...
More law firms join class action suit against Apple
October 10th, 2016
Three more law firms have joined the class action law suit filed against Apple over the “Touch Disease” that has affected some Apple iPhone 6 and Apple iPhone 6 Plus models. You know that your iPhone has this disease ...
Fund giant wins £10.4m legal claim against co-founder
October 5th, 2016
Marathon Asset Management has won a four-year legal battle against co-founder Jeremy Hosking, winning a £10.4 million claim against him for breach of ‘contractual and fiduciary duties’. Marathon, which runs $50 billion (£39 billion) in institutional mandates, has been ...
Spain to impose Taxation on Bitcoin Miners
October 3rd, 2016
A recent notice from the official taxation authority in Spain sees bitcoin mining fall under the purview of an economic activity, opening cryptocurrency mining to taxation. Bitcoin and cryptocurrency miners in Spain will see taxation of their profits, a ...
China Rich Help Europe Banks Raise $14 Billion Since August
September 19th, 2016
Eight European finance companies opened books in Asia hours ‘Asian investors tend to be more yield hungry,’ JPMorgan says The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare ...
Coinpit Takes First Steps Toward Trustless Bitcoin Futures Exchange
September 15th, 2016
Coinpit is taking significant and innovative steps to offer a safer alternative to Bitcoin’s custodial futures exchanges. Thanks to Bitcoin’s multi-signature technology, users that store bitcoins on Coinpit remain in complete control of their funds. Even if the exchange is ...
PBOC Boosts Weekly Injections as Yuan Climbs Amid Stability Bets
September 14th, 2016
Yuan interbank rates in Hong Kong surge before China holidays Monetary authority pumps in $57.7 billion, most since April China’s central bank boosted its cash injections to a five-month high, fueling speculation that it is looking to steady the ...
Brazilian Police Launch Investigation Into Alleged Fraud at Pension Funds
September 6th, 2016
Brazilian police on Monday said they launched an investigation into alleged fraud of as much as 8 billion reais ($2.5 billion) at the country’s four largest pension funds, all of which are linked to state-controlled companies. Judge Vallisney de ...
Oil Falls to Two-Week Low as U.S. Supply Gain Seen, Dollar Rises
August 31st, 2016
Crude stockpiles climbed 1.3 million barrels: Bloomberg survey Commodities drop, dollar rises to one-month high versus peers Oil dropped to a two-week low before a government report that’s projected to show U.S. crude stockpiles increased, while a strengthening dollar ...
Apple should repay Ireland €13bn, European Commission rules
August 30th, 2016
Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year investigation, it has concluded that the US firm’s Irish tax benefits are illegal. The Commission said Ireland enabled the company ...
