Search Results for: UBS
PwC must face MF Global lawsuit over accounting advice
August 8th, 2016
A US Judge has given the go-ahead for a $1bn lawsuit against PwC over claims the firm provided bad accounting advice which contributed to the 2011 collapse of MF Global. MF Global and its parent company, MF Global Holdings Ltd, collapsed ...
Greek consumer prices in July for second month in a row
August 8th, 2016
Greece’s annual EU-harmonized inflation rate stayed positive for the second month in a row in July, statistics service data showed on Monday. The reading in July was 0.2 percent, unchanged from June and slightly below market expectations. Economists polled ...
Innotribe expands at Sibos as innovation chat moves centre stage
August 8th, 2016
Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative’s annual Sibos jamboree by 50%, but don’t expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event. Reflecting ...
Jack Ma Is Opening His Wallet to Europe But Not to Europeans
August 8th, 2016
Payments powerhouse Alipay ramps up search for retail partners Targets Chinese tourists, expats; no offer for local consumers Jack Ma will set a bag aside for you at your favorite Paris store or hail you a ride in Rome ...
London no longer world’s most expensive city
August 8th, 2016
The British capital now ranks third behind New York and Hong Kong as the cities with the highest property values, according to luxury real estate broker Savills. The falling pound has accelerated the cooling real estate market following the ...
EU Criticizes France’s Inefficient VAT System
August 8th, 2016
The European Commission has released a paper recommending improvements to France’s “inefficient” value-added tax system, including that the country do away with broadly applying reduced VAT rates. The paper notes that France faces significant fiscal challenges; Its tax burden ...
Rattled investors seek shining path to gold
August 5th, 2016
Gold prices have surged nearly 30 percent this year, proving the commodity to be a commonly favored safe-haven for investors in the face of increased market volatility and uncertainty. On Wednesday, gold reached its highest level in 33 months ...
ASIC warns investors about Titantrade.com
August 4th, 2016
ASIC is warning the public not to click on any advertising being marketed under the brand ‘Titantrade’, a website by which trading in binary options is being offered. A binary option is a financial product, in particular a derivative, ...
Could bitcoin change the game in Africa?
August 4th, 2016
In the wildest of claims, bitcoin – the virtual paperless and stateless currency transacted on the borderless internet – was going to tear apart traditional money transfer companies and help alleviate poverty. Accessing the multibillion-dollar remittance flows to Africa certainly has ...
Israeli Man Charged With Operating FOREX Ponzi Scheme
August 4th, 2016
Preet Bharara, the United States Attorney for the Southern District of New York, and Diego Rodriguez, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today that FADI EWIESS, a/k/a “Fadi ...
