Search Results for: UBS
Apple in the Dock: $1 Billion Antitrust Claim Casts Steve Jobs as Conspirator
December 2nd, 2014
In 2005, Mariah Carey had the number one single, “Grey’s Anatomy” was among the hottest shows on television, and Steve Jobs, and Apple Inc.’s iPod, were king. Customers of rival music players marred this shiny prospect for Apple and ...
IASB publishes consultation on controlled pricing and accounting for investments
December 2nd, 2014
The International Accounting Standards Board (IASB) has published consultation papers on rate regulation and accounting for investments, and updated standards on consolidated financial statements. Rate regulation The IASB discussion paper, Reporting the Financial Effects of Rate Regulation, considers how ...
Prime Trust directors disqualified and fined
December 2nd, 2014
The Federal Court today delivered its penalty judgment against 5 former directors of Australian Property Custodian Holdings Ltd (APCHL) who breached their directors’ duties by making an illegal related party payment of more than $30 million. The judgment follows ...
Hong Kong Plugs Commitment To Tax Info Exchange
December 1st, 2014
Financial Secretary John C Tsang stressed how Hong Kong has made substantial efforts to introduce the new global standard for the automatic exchange of tax information, while also ensuring data confidentiality, during his speech at the first Certified Tax ...
Moody’s downgrades Japan on debt worries
December 1st, 2014
Moody’s Investors Service today downgraded the Government of Japan’s debt rating by one notch to A1 from Aa3. The outlook is stable. The key drivers for the downgrade are the following: Heightened uncertainty over the achievability of fiscal deficit ...
Monday December 1: OSB Daily Technical Analysis – Indices
December 1st, 2014
OSB Daily Technical Analysis for December 1, 2014 S&P 500 traded sideways and edged slightly lower on Friday on what was a relatively light trading day following Thanksgiving. With that in the mind the index still managed to make ...
Commodities Retreat to Five-Year Low as Oil Tumbles With Bullion
December 1st, 2014
Commodities fell to the lowest in five years as oil sank on prospects for a glut, gold fell after Swiss voters rejected a move to force the central bank to buy bullion and data from China confirmed a slowdown ...
India: Government plans to cut stake in state lenders to raise $14.4 billion
November 28th, 2014
The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher. The government holds stakes ranging ...
Phase two of financial markets law completes long-term overhaul
November 28th, 2014
The second phase of New Zealand’s new capital markets and financial services law takes effect from Monday (1 December). Phase two includes licensing provisions that extend to several hundred further businesses, and a major shift in the quality of ...
Citi Sees Gold as Bitcoin Says Swiss Vote Makes No Sense
November 27th, 2014
The initiative requiring the Swiss National Bank to hold a fixed portion of its assets in gold makes no sense, according to Citigroup Inc., which said the metal was the equivalent of the virtual currency bitcoin. “There is no economic or ...
