Search Results for: RBI
JPMorgan’s profit misses; posts unexpected $1 billion legal expense
October 15th, 2014
JPMorgan Chase & Co (JPM.N) reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. The bulk of the costs came from ...
Venezuela ordered to pay $1.6 billion to Exxon
October 10th, 2014
International arbitration panel rules against South American nation in oil project complaint. An international arbitration panel has ordered Venezuela’s socialist government to pay $1.6 billion to ExxonMobil for the seizure of a major oil project in the South American ...
Interview with St. Louis Fed Vice President on Bitcoin
October 9th, 2014
Dr David Andolfatto, who is Vice President of the St. Louis Federal Reserve, has been one of the most forward-looking people at central banks around the world when it comes to crypto-currencies. Here he speaks with Max Rangeley, Editor ...
Sanctions force another company out of Russia’s oil boom
October 9th, 2014
Western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil from a field in Siberia. In announcing Shell’s suspension on its website, Gazprom Neft, part of the Kremlin-run gas monopoly ...
Will there be a China–US deal on climate change?
October 8th, 2014
For many years China and the United States have faced off over climate change. Now, climate change action is one of the few things the two powers can agree on. A new view on the benefits of climate action ...
HMRC hails VAT ruling against university
October 7th, 2014
HMRC has welcomed the Upper Tribunal’s decision that a university’s leaseback arrangement should be ignored for VAT purposes. The Upper Tribunal allowed HMRC’s appeal against a First-tier Tribunal decision that a leasing scheme did not constitute an “abuse of ...
BP asks judge to reconsider ‘gross negligence’ ruling
October 3rd, 2014
BP Plc (BP.L) on Thursday asked a U.S. court to reconsider a September ruling that found the company “grossly negligent” for the 2010 oil spill in the Gulf of Mexico, a finding that boosted its potential liabilities by about ...
Judge finds Argentina in contempt in bond payment case
September 30th, 2014
For more than a year, Judge Thomas P. Griesa of Federal District Court in Manhattan has warned that Argentina would suffer repercussions if it defied his orders regarding payments to bondholders. On Monday, the judge put some teeth behind ...
‘Russia’s Facebook’ $1.5bn deal ends long-running litigation
September 26th, 2014
Four firms have played lead roles in a $1.47bn (£900m) transaction between two Russian online giants which brought to an end years of complex litigation. Akin Gump Strauss Hauer & Feld, Fried Frank Harris Shriver & Jacobson, Hogan Lovells ...
Defeating India’s disastrous food price inflation with trade
September 16th, 2014
Indian economic data in July on industrial growth and inflation was disappointing. Industrial sector growth slowed to 3.4 per cent in June 2014 with the manufacturing sector, the largest component, growing at an anaemic 1.8 per cent. But the ...
