Search Results for: Total
French Workers Pay Highest Taxes In Europe
July 29th, 2016
France has surpassed Belgium as the European country with the highest taxes on the average employee, according to a new study. Taking into account income tax, social security contributions, and value-added tax, the report by the Molinari Economic Institute ...
International law firm to launch in South Africa
July 29th, 2016
The firm has appointed two founding partners to launch the office. Rob Morson joins from Bowman Gilfillan where he was Head of Construction and is widely-regarded as a pre-eminent practitioner in the market as reflected in his Star Individual ...
MasterCard reports Second Quarter 2016 net revenue increase of 13%
July 29th, 2016
Second-quarter net income of $983 million, including a special item, or $0.89 per diluted share Second-quarter net income of $1.1 billion, excluding a special item, or $0.96 per diluted share Second-quarter net revenue increase of 13%, to $2.7 billion Second-quarter gross dollar volume up 11% and ...
Turkey’s tourist numbers drop 40 per cent on terrorist attacks
July 28th, 2016
The number of foreign visitors heading to Turkey plummeted in June as sun-seekers shunned the troubled country amid terrorist attacks and political instability. In total, 2.4m tourists visited Turkey in June, down 41 per cent on the same month ...
Turkey revokes the licence of a director at one of the country’s largest brokerage firms
July 28th, 2016
Turkey’s financial regulator has cancelled the licence of a research director at one of the country’s largest brokerage firms after his report on the failed July 15 coup. In a bulletin on its website, the Capital Markets Board (CMB) said the ...
TSYS Reports Second Quarter Earnings Including TransFirst
July 27th, 2016
TSYS (NYSE: TSS) reported results for the second quarter of 2016. Highlights for the second quarter of 2016 include: Total revenues were $1.2 billion, an increase of 66.3% over last year’s $692.7 million. Net revenue, which excludes reimbursable items, ...
LATAM Airlines agrees to pay $12.75M to settle accounting violations
July 26th, 2016
LATAM Airlines Group S.A. (LATAM), a commercial airline company based in Chile, has agreed to pay a $12.75 million criminal penalty in connection with a scheme to pay bribes to Argentine union officials via a false consulting contract with ...
Nikkei sells off on fresh yen strength; rest of Asia trades mixed
July 26th, 2016
Japanese stocks sold off in a mostly positive Asian session on Tuesday, dragged by fresh strength in the yen after a local media report suggested the government’s highly anticipated stimulus package may not live up to expectations. Other Asian ...
Cyprus based investment firms and CySec’s work highlighted on ESMA’s warning for speculative products
July 26th, 2016
The European Securities and Markets Authority (ESMA) has issued a warning about the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors who are unaware of the risks associated with these products, and ...
Austria To Rein In Bank Tax
July 25th, 2016
The Austrian Government has proposed reducing the burden of the nation’s banking levy and calculating it based on a bank’s earnings rather than assets. The change was confirmed recently by Finance Minister Hans Jörg Schelling, who said that cutting ...
