Search Results for: UBS AG
New strategic approach to ensure “sharper focus” to regulatory challenges ahead
December 9th, 2014
The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now come under the FCA has trebled over the past eighteen months. The approach is shaped ...
PwC staff grilled by MPs over Luxembourg deals
December 9th, 2014
Accountants and business advisors PricewaterhouseCoopers (PwC) came under fire from MPs yesterday during a parliamentary hearing. The hearing followed the leak of hundreds of Luxembourg tax rulings at the beginning of November. “I think what you are doing is selling ...
Stocks to Watch: Cubist Pharma, McDonald’s, American Airlines
December 8th, 2014
Among the companies with shares expected to actively trade in Monday’s session are Cubist Pharmaceuticals Inc., McDonald’s Corp. and American Airlines Group Inc. Merck & Co. agreed to buy antibiotics maker Cubist Pharmaceuticals for $8.4 billion. The deal, which ...
Virgin Australia’s NZ operations report $31m profit following accounting changes
December 8th, 2014
Virgin Australia’s earnings performance on the highly competitive trans-Tasman route has improved from loss-making to a profit as a result of accounting policy changes and other benefits from its alliance with Air New Zealand . The Australian airline’s New ...
Commodity Benchmarks Seen Open to Manipulation, Law Firm Says
December 8th, 2014
Almost two-thirds of commodity market participants say that benchmarks used to set the price of everything from crude oil to ethanol to zinc are vulnerable to manipulation, according to a new study. The report, to be published today by ...
How Did Germany Limit Unemployment in the Recession?
December 8th, 2014
Here’s a puzzle: During the Great Recession, the total contraction in economic output was noticeably larger in Germany than in the United States, but the rise in the unemployment rate was noticeably higher in the United States than in ...
7 risk areas for the 2014 audit cycle
December 5th, 2014
Revenue recognition, internal control over financial reporting, and professional skepticism are among the seven key areas for 2014 audit consideration, according to an alert sent Thursday by the Center for Audit Quality (CAQ). The alert is designed to help ...
Fiat Chrysler launches $2.5 billion mandatory convertible bond, share offer
December 5th, 2014
Fiat Chrysler Automobiles (FCA) (FCHA.MI) (FCAU.N) said on Thursday it had launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan. ...
Like Chinese Stocks? In Hong Kong, They’re 12% Cheaper
December 5th, 2014
The rush to pile into the world-beating stock rally in Shanghai has become so fevered that many investors are passing over identical shares that are trading more than 10 percent cheaper in Hong Kong. It’s a reminder of how froth can overwhelm ...
Currency trader whizz kid ‘masterminded £5.5m Ponzi fraud’
December 4th, 2014
A foreign currency trader used investors’ cash as his “personal piggy-bank” and blew £1 million in casinos and £500,000 in nightclubs, a court heard. Financial whizz kid Alex Hope, 25, masterminded a £5.5m Ponzi fraud to fund his hedonistic lifestyle ...
