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IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
Carey Olsen is top offshore law firm for FTSE 100 AIM clients
May 8th, 2015
Carey Olsen is the only offshore law firm to be ranked in the top 10 for FTSE 100 AIM clients, according to the latest AIM Advisers Rankings Guide (published May 2015). The law firm is positioned in sixth place ...
China’s imports plunge in new sign of economic weakness
May 8th, 2015
China‘s imports and exports contracted again in April in a new sign of economic weakness, adding to pressure on Chinese leaders to reverse a politically dangerous slump. Imports fell by a bigger-than-expected 16.2 percent over a year earlier to ...
Saudi Arabia on Target to Open Tadawul to Foreign Investors with Issuance of Rules for Qfi’s
May 7th, 2015
The Saudi Capital Markets Authority (CMA) has finally formally issued its eagerly anticipated regulations for Qualified Foreign Investors (QFI’s) to invest in the Tadawul All Share Index. The new regulations take effect on 01 June 2015 and will mean ...
Statistical evidence from Acritas reveals law firm brand growth is linked to revenue growth
May 7th, 2015
Law firms which have grown their brands the fastest over the last four years have seen 45% faster growth in revenue compared to the rest of the field. Over the past four years, Acritas has conducted more than 2,600 ...
IMF says China FX policy should continue to allow more flexibility
May 7th, 2015
China should allow greater flexibility in its exchange rate policy by reducing intervention, as part of its efforts to secure a gradual moderation in growth while pursuing economic reforms, the International Monetary Fund said on Thursday. “To help deliver ...
Breakdown of US Corporate Profits
May 6th, 2015
Although the US corporate income tax is an almost continual subject of dispute, most people don’t know any details about what kinds of corporations that earn the profits. For example, are the companies earning profits disproportionately large or small? ...
Virtu Financial Announces First Quarter 2015 Results
May 6th, 2015
Virtu Financial, Inc. (Nasdaq:VIRT) a leading technology-enabled market maker and liquidity provider to the global financial markets, which priced its initial public offering on April 15, 2015, today reported results for the first quarter ended March 31, 2015. First ...
BofA Paying $315 Million to Settle With BNP, Deutsche Bank
May 6th, 2015
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage ...
GAIN Capital Reports First Quarter 2015 Results
May 5th, 2015
Net revenue of $92.9 million, up 14% Earnings per diluted share of $0.18, up 100% Cash earnings per diluted share of $0.27, up 69% Net income of $8.3 million, up 118% Adjusted EBITDA of $19.7 million, up 63% GAIN ...
