Search Results for: UBS
Banks pull out of dozens of benchmarks after rate-rigging scandals
October 2nd, 2014
Some of the world’s largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals. Deutsche Bank, Citigroup, JPMorgan and UBS, among others, ...
Australia 200 – Enjoys Some Support Around 5250
October 2nd, 2014
Australia 200 for Thursday, October 2, 2014 For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and ...
Tax Tactics Threaten Public Funds
October 2nd, 2014
When the European Commission charged this week that Ireland’s sweetheart tax treatment of Apple amounted to an illegal corporate subsidy, the company said that it had done nothing wrong. Corporate tax strategies intended to minimize global taxes, by hook ...
Drug patents held overseas can pare makers’ tax bills
September 30th, 2014
As the Obama administration tries to stop companies from avoiding taxes by moving their headquarters overseas, the makers of some of the world’s most lucrative and expensive medicines are using another tactic to reduce their payments to the government. ...
Prada’s CEO being investigated by Italian authorities over tax
September 29th, 2014
Italian luxury fashion house Prada SpA said on Monday its chairwoman Miuccia Prada and her husband, chief executive officer and fellow shareholder Patrizio Bertelli, are under investigation by Italian authorities over past taxes. The Hong Kong-listed company said in ...
Japan’s Daiichi Sankyo to acquire US biopharma Ambit Biosciences
September 29th, 2014
Japanese drugmaker Daiichi Sankyo Co Ltd (4568.T) has agreed to acquire U.S. biopharmaceutical company Ambit Biosciences Corp (AMBI.O) in a deal valued up to $410 million as it looks to build its presence in oncology, the companies said. The ...
European Parliament ratifies EU-Ukraine Association Agreement
September 17th, 2014
The European Parliament gave its consent to the EU-Ukraine Association agreement, which includes a Deep and Comprehensive Free Trade Agreement (DCFTA), on Tuesday in Strasbourg. “This is an historic moment”, said EP President Martin Schulz in his address to ...
Economists can’t tell Scots how to vote
September 17th, 2014
Here is the bad news if you haven’t made up your mind whether to vote for Scotland to become independent – economic analysis cannot give you the answer. That is partly because this dismal science is not capable of ...
Australia 200 – Entrenched in Previous Trading Range Below 5500
September 17th, 2014
Australia 200 for Wednesday, September 17, 2014 For the last couple of weeks the Australia 200 Index has declined from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
Drug maker seeks to block competitor’s inversion
September 17th, 2014
Pharmaceutical company, Endo International, which struck an inversion last year and reincorporated in Ireland, tries to stop an inversion by Auxilium Pharmaceutical, a smaller rival. Endo made on Tuesday an unsolicited offer to buy Auxilium for $28.10 a share ...
