Search Results for: SME
Russia Staring at Recession on Sanctions
March 24th, 2014
Western sanctions are pushing Russia toward recession and the pain could intensify if U.S. and European leaders turn the screw over tensions in Ukraine. Banks including state-run VTB Capital say the world’s ninth-biggest economy will shrink for at least ...
How Suntech, Chinese Solar Giant, Was Snared In An Italian Fraud Scandal
March 21st, 2014
As 2008 began, the future looked brilliant for green energy giant Suntech Power and its high-flying founder, Shi Zhengrong. Suntech was one of the world’s largest makers of solar panels, the first non-state-owned Chinese company traded on the New ...
FASB issues update for private companies on consolidation of variable interest entities
March 21st, 2014
The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements. FASB Accounting Standards Update No. 2014-07, Applying Variable Interest Entities Guidance to Common ...
European Central Bank: review mission to Greece
March 20th, 2014
Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) have concluded their review mission to Greece. The teams have reached staff-level agreement with the authorities on policies that could serve as the ...
JPMorgan, HSBC Said Planning to Bid for $4 Billion Saudi IPO
March 20th, 2014
JPMorgan Chase & Co. and HSBC Holdings Plc (HSBA) are among banks planning to compete for a role in the largest Saudi Arabian share sale in at least 12 years, according to five people with knowledge of the matter. ...
Bank of England launches strategic plan
March 19th, 2014
The Bank of England today launched its Strategic Plan, following a six month exercise led by the Executive Committee of the Bank. The Plan, to be implemented over the next three years, provides an ambitious agenda to transform the ...
Londongrad Dealmakers Threatened by Sanctions
March 18th, 2014
Russian companies have made $180 billion in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the ...
HMRC ramps up asset seizures to pay VAT bills
March 18th, 2014
THE AMOUNT of companies that have had assets seized and sold by HM Revenue & Customs in order to settle VAT bills rose significantly during the recession. According to data obtained by finance provider Syscap, the incidence of asset ...
ASIC fined SuperHelp Australia Pty Ltd
March 18th, 2014
SuperHelp Australia Pty Ltd (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up a self-managed superannuation fund (SMSF) using SuperHelp’s administration services. ASIC’s concerns related to a SuperHelp advertisment ...
ACCA launches certificate for small business reporting standard
March 17th, 2014
A QUALIFICATION has been launched to develop accountants’ understanding of IFRS for SMEs by the ACCA. The certificate, which comprises an online course and test, is designed to provide members with an understanding of the concepts of IFRS for ...
