Search Results for: US
Asia stocks rose on Wall St. rally, dollar firm after rebound
August 11th, 2014
Asian stocks rose on Monday as tensions eased slightly in Ukraine, while the dollar held steady against the safe-haven yen after rebounding sharply late last week. Spreadbetters expected the upbeat momentum for equities to continue into Europe, with Britain’s ...
HMRC Battles Glasgow Rangers Over Tax Dispute
August 8th, 2014
HM Revenue and Customs (HMRC) has appeal for permission to begin a tax battle involving Scottish football club Rangers’ use of employee benefit trusts. HMRC argued that the former giant of the Scottish Premier League should tax its employees’ ...
ASIC imposes new AFS licence conditions on two Commonwealth Bank
August 8th, 2014
The AFS licensees, the Australian financial services (AFS) licences of two of Commonwealth Bank of Australia (CBA)’s financial planning arms, Commonwealth Financial Planning Limited (CFPL) and Financial Wisdom Limited (FWL), have consented to new conditions. ASIC took this action after CBA ...
SRA approves first council ABS licence
August 8th, 2014
The Solicitors Regulation Authority has granted a first alternative business structure licence to a local authority. Buckinghamshire Law Plus Limited will be licensed to undertake litigation and probate services, among other reserved activities. The entity, which has been planned ...
GSK-linked investigators stand trial in China – closely watched case
August 8th, 2014
A British investigator and his American wife will stand trial in Shanghai on Friday in a case that is seen as key to a bribery investigation against GlaxoSmithKline Plc. Peter Humphrey and his colleague and wife Yu Yingzeng, who ...
Gemalto will acquire SafeNet for $890 Million
August 8th, 2014
Gemalto, the Dutch digital security company announced that it has agreed to pay 890 million to acquire the data protection software provider, SafeNet. Gemalto’s security products are used for mobile wallets and online banking and in some national identity ...
ECB will receive 4.15 billion euros in crisis loans next week
August 8th, 2014
The European Central Bank will receive 4.15 billion euros ($5.56 billion) in long-term loans from Banks. The money will be given next week following charges of the ECB for holding banks; excess cash overnight and promised more long-term loans. ...
Former CEO of ConvergEx Subsidiary faces SEC’s charges
August 8th, 2014
The Securities and Exchange Commission (SEC) has appointed charges to the former chief executive officer of a broker-dealer subsidiary of ConvergEx Group LLC for deceiving brokerage customers with hidden fees to buy and sell securities. SEC claims that the ...
The Global Economy’s Groundhog Day
August 8th, 2014
In the movie “Groundhog Day,” a television weatherman, played by Bill Murray, awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a ...
Sell in May? Stocks flop: Dow hits lowest level since May 20
August 8th, 2014
Stocks fell Thursday as investors continued to worry about rising global tensions despite reports of an improving U.S. economy. The Dow Jones industrial average ended down 75 points, or 0.5%, to 16,368.27. The Standard & Poor’s 500 index fell ...
