Search Results for: US authorities
Payday firm CFO Lending to pay £34 million redress
September 20th, 2016
Payday firm, CFO Lending, has entered into an agreement with the Financial Conduct Authority (FCA) to provide over £34 million of redress to more than 97,000 customers for unfair practices. The redress consists of £31.9 million written-off customers’ outstanding ...
New Study: Volkswagen are the least polluting diesel vehicles; Which car brands pollute more than the legal limits
September 19th, 2016
Dieselgate 1st anniversary: all diesel car brands in Europe are even more polluting than Volkswagen – study As Dieselgate turns one year old, a new study by Transport & Environment (T&E) reveals that Volkswagen is currently selling the least ...
Bank of England to develop the next generation of Real-Time Gross Settlement (RTGS) for payments
September 19th, 2016
The Bank of England is consulting on the next generation of its Real-Time Gross Settlement (RTGS) service. RTGS is not a household name. But it lies at the heart of safeguarding the Bank’s mission for monetary and financial stability, ...
Apple Japan unit ordered to pay $118 million tax for underreporting income
September 16th, 2016
An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The unit has since paid the amount, the reports said. The ...
PwC acquires data technology firm Selera Labs
September 15th, 2016
PwC is strengthening its tax reporting practice with the acquisition of Selera Labs, a market leading data technology firm. The acquisition comes at a time when tax authorities around the world are requiring increasing amounts of data from organisations. ...
PBOC Boosts Weekly Injections as Yuan Climbs Amid Stability Bets
September 14th, 2016
Yuan interbank rates in Hong Kong surge before China holidays Monetary authority pumps in $57.7 billion, most since April China’s central bank boosted its cash injections to a five-month high, fueling speculation that it is looking to steady the ...
Low tax Zug aims to become Switzerland’s ‘Crypto Valley’
September 8th, 2016
Zug town hall now accepts bitcoin More than a dozen crypto currency firms operating there so far Government looking at changing regulation to attract more firms The small Swiss canton of Zug, famed for the low taxes that have ...
Inexperienced Chinese investors are getting stung by fintech scams
September 8th, 2016
China is witnessing a fintech boom. Companies providing electronic payments, cryptocurrency trading and other online financial services there are not only mushrooming, they are among the biggest and most highly rated in the world. The Fintech 100, a ranking ...
Asian Stocks Retreat as Crude Oil Rallies; Yuan Bears Squeezed
September 8th, 2016
Yuan borrowing costs jump offshore on suspected intervention Euro edges higher before ECB reviews policy; Aussie gains Price swings in financial markets are becoming increasingly muted as investors mull the outlook for monetary policy in the world’s biggest economies. ...
Brazilian Police Launch Investigation Into Alleged Fraud at Pension Funds
September 6th, 2016
Brazilian police on Monday said they launched an investigation into alleged fraud of as much as 8 billion reais ($2.5 billion) at the country’s four largest pension funds, all of which are linked to state-controlled companies. Judge Vallisney de ...
