Search Results for: UBS AG
Deutsche Bank cap hike delay due to court bottleneck
June 5th, 2014
Deutsche Bank’s (DBKGn.DE) plans for an 8 billion euro ($11 billion) capital hike came to an abrupt halt on Wednesday when a procedural bottleneck in a German court forced Germany’s flagship lender to delay the issue by several days. ...
FINMA announces “Accounting – banks” circular
June 4th, 2014
The Swiss Financial Market Supervisory Authority FINMA has published today the definitive version of the new circular “Accounting – banks”. The new circular is based on the Banking Ordinance that has been adopted and fully revised by the Federal ...
European Commission urges UK to tax expensive homes more
June 4th, 2014
The European Commission has called on the UK to raise taxes on higher value properties, build more houses and adjust the Help to Buy scheme. In a review of UK economic policies, it said council tax bands should be ...
SEC Charges Operator With Defrauding Bond Investors
June 3rd, 2014
The U.S. Securities and Exchange Commission (SEC) has charged a charter school operator in Chicago with defrauding investors in a $37.5 million bond offering for school construction by making materially misleading statements about transactions that presented a conflict of ...
Iran Eliminates US Dollar from Forex Reserves
June 3rd, 2014
The Central Bank of Iran (CBI) has practically rid the country’s foreign currency reserves of US dollar, replacing them with the United Arab Emirates’ dirham, an official said. Hossein Ya’qoubi, CBI governor for international affairs, told the Tasnim News ...
India slips to seventh spot on FDI confidence index
June 3rd, 2014
India has slipped to its lowest position in over a decade in the foreign direct investment confidence index, which has been topped by the United States for the second year in a row, a study has showed. The survey ...
China’s manufacturing activity picks up
June 2nd, 2014
China’s factory activity grew in May at its fastest pace this year, according to government figures, a positive sign amid the wider economic slowdown. The official purchasing managers index (PMI) hit 50.8 in the month, up from 50.4 in ...
New revenue guidance: Six things to consider
May 30th, 2014
The release Wednesday of a long-awaited new revenue recognition standard had financial statement preparers settling in to read hundreds of pages of text, as standard-setters celebrated the achievement of producing that text. Members of the US Financial Accounting Standards ...
The Return of Moderation: Sea of Tranquility
May 29th, 2014
Volatility has disappeared from the economy and markets. That could be a problem. A decade ago, the business cycle was an endangered species. Recessions in the rich world had become rare, shallow and short; inflation was predictably low and ...
Valeant’s Hostile Allergan Bid Keeps Getting More Hostile
May 29th, 2014
Here is a thing that I guess you do when you’re trying to fend off an acquisition proposal: That’s from a May 12 presentation by Allergan, which is trying to fight off Valeant’s unwanted attentions. There are two points ...