Search Results for: US authorities
UPDATE: Audi and Skoda say 3.3m cars have ‘cheat’ emissions software
September 28th, 2015
Audi and Skoda say they have a total of 3.3 million cars fitted with the software that allowed parent company Volkswagen to cheat US emissions tests. Some 2.1 million Audis affected worldwide include 1.42 million in western Europe, with 577,000 ...
India Confirms MAT Exemption For Foreign Firms
September 28th, 2015
The Indian Finance Ministry has announced that the Income Tax Act will shortly be amended to exempt foreign companies with no permanent establishment in the country from the minimum alternate tax (MAT) retrospectively from 2001, in a move likely ...
Asian stocks turn negative on Fed uncertainty
September 25th, 2015
Asian stocks lost steam in choppy trade on Friday, mirroring the lackluster lead from Wall Street amid uncertainty over U.S monetary policy. In a speech that occurred after the market close, Federal Reserve chair Janet Yellen said that an ...
Greek Banks Said to Face Recapitalization at Top of Range
September 24th, 2015
Auditors tell lenders they need to be more conservative Latest bailout package allocates 25 billion euros for banks Greek banks are being told by auditors some of their assets are overvalued, meaning they may have to raise close ...
China Cannot Let This Happen
September 24th, 2015
After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial markets. But it’s not France, Canada or ...
Texas Man Admits to Bitcoin Ponzi Scheme
September 22nd, 2015
Trendon Shavers pleads guilty to a charge of securities fraud A Texas man admitted Monday to running a bitcoin Ponzi scheme, which at one time controlled about 7% of digital currency in circulation, in what authorities described as the ...
Kuwait stock market shrinks as its economy underperforms more dynamic economies in the Gulf
September 21st, 2015
Kuwait stock delistings threaten market’s status Kuwait market shrinks as others expand Some firms complain about low valuations, liquidity Others cite costs of maintaining listing Regulator says oil companies could be listed Effort to upgrade Kuwait to emerging market ...
Safe-deposit-box: the preferred method of tax dodgers
September 18th, 2015
Italians looking to conceal assets turn to safe-deposit boxes. Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, ...
Thomson Reuters: Interview with Vítor Constâncio, Vice-President of the ECB
September 16th, 2015
Interview with Vítor Constâncio, Vice-President of the ECB, conducted by Paul Ingrassia, Balazs Koranyi and John O’Donnell on 14 September Is quantitative easing working? It is working and effective in many ways. The ultimate metric to assess success is the ...
Asian Stock Markets Bounce Back
September 16th, 2015
Regional markets come off multiyear lows ahead of Federal Reserve meeting Most markets in Asia climbed back from their lowest levels in years on Wednesday, ahead of an announcement from the U.S. Federal Reserve on whether it would raise ...
