Search Results for: US
PayPal co-founder Levchin, Affirm want to disrupt credit biz
August 5th, 2014
If you’ve got your eye on a purchase that your credit score says you can’t quite afford, Max Levchin may be able to help. After a brief stint as a Google executive, the PayPal co-founder is back in the ...
HSBC bank’s half-year profits fall by 12%
August 4th, 2014
HSBC’s pre-tax profits fell by 12% in the first half of 2014 compared with the same period a year before. Profits were $12.34bn (£7.33bn), from $14.071bn twelve months earlier. During the half-year, the bank also put aside some $234m ...
Credit Suisse AG pays $88,400 infringement notice penalty
August 4th, 2014
The Australian Securities and Investments Commission has published the following announcement regarding a fine charged against Credit Suisse AG: Credit Suisse AG (“Credit Suisse”) has paid a penalty of $88,400 to comply with an infringement notice given to it ...
SEC Obtains Nearly $70 Million Judgment Against Richmond, Va.
August 4th, 2014
The Securities and Exchange Commission has announced that it has obtained a final judgment in federal court in Tennessee requiring a Richmond, Va.-based financial services holding company, a subsidiary brokerage firm, and their CEO to pay nearly $70 million ...
Oil companies may deregulate diesel prices by Diwali
August 4th, 2014
The government raised diesel prices by 50 paise on Friday and under-recoveries – the price differential between cost and selling price on every litre of diesel sold is now Rs 1.33. Diesel prices were first deregulated by the NDA ...
Nikkei Previews: run against them to get your face ripped off!
August 4th, 2014
Japanese second quarter results season peaked last week with the Nikkei newspaper playing its role as broadcaster of results days in advance of the actual company announcements. Japanese regulators continue to turn a blind eye to the now common ...
Earnings growth in Europe – first time in 3 years
August 4th, 2014
European companies are delivering growth for the first time in three years albeit concerns over Russia which held back markets at the end of last week. Equity strategists at Morgan Stanley and Credit Suisse are somewhat upbeat pointing out ...
Kenyatta Sees Kenya Windfall Tax in Resource Laws in Months
August 4th, 2014
Kenya will impose capital-gains and windfall taxes on oil, gas and mining companies within months to ensure the East African nation maximizes benefits from its mineral resources, President Uhuru Kenyatta said. “This is something that we are very clear ...
Investors Cheer Portuguese Bank Rescue
August 4th, 2014
Investors breathed a sigh of relief on Monday after Portugal prevented the collapse of one of its biggest banks, putting some life back into European stocks following last week’s slide and pushing bond yields lower across the board. Lisbon ...
Vodafone wins VAT rebate appeal
August 4th, 2014
Vodafone is entitled to reclaim £4.1m in VAT, a tribunal has ruled, after the mobile phone operator paid too much VAT after using a loyalty scheme to rewards its customers. Vodafone argued that that it should have reduced its ...
