Search Results for: US
China repeats promise to increase investment, speed up reforms
August 4th, 2014
China will increase investment in areas including the property sector, while authorities will advance wide-ranging economic reforms such as changing the fiscal and pricing systems, the country’s powerful economic planning agency said on Monday. The remarks from the National ...
Commercial Bank announces new executive appointment
August 4th, 2014
Commercial Bank is pleased to announce the appointment of Mr. Colin Macdonald as Executive General Manager, Business Enablement. In a statement, Mr. Hussain Alfardan, Vice Chairman and Managing Director of Commercial Bank said; “Colin has wide banking experience built ...
Study Compares Tax Freedom Day Across The EU
August 4th, 2014
The Institut Économique Molinari (IEM), which is located in Brussels, based its assessment on data from EY. The think-tank found that tax freedom day – the notional day when taxpayers’ income stops funding state expenditure and is received entirely ...
Indian police arrests bank chief over bribery
August 4th, 2014
Indian police have arrested the chairman of state-run Syndicate bank, Sudhir Kumar Jain, and several others over allegations of bribery. Mr Jain has been accused of taking bribes to raise credit limits of firms. The Central Bureau of Investigation ...
Pound Has Longest Losing Streak in 16 Months as Data Disappoints
August 4th, 2014
The pound declined for a fourth week against the dollar, the longest losing streak in more than a year, as U.K. economic data from manufacturing output to consumer confidence was weaker than economists predicted. Sterling dropped to the lowest ...
Euro Near Eight-Month Low as Short Bets Surge
August 4th, 2014
The euro was 0.4 percent from its lowest level versus the dollar since November as investors held the largest position in two years betting on a drop in the currency before the region’s central bank meets this week. Europe’s ...
Will Europe start to lend again?
August 4th, 2014
The European Central Bank will take over supervising banks in Helsinki and Lisbon in November after finding out unprecedented scrutiny to their books. The reason for doing so is to restore confidence in the euro zone’s banks, battered by ...
Tokyo Police to launch Investigation into Missing Mt. Gox Bitcoin
August 4th, 2014
The Tokyo Metropolitan Police Department has launched an official investigation into possible illicit activity surrounding the closure of Japan-based bitcoin exchange Mt. Gox. The news comes roughly five months after the bitcoin exchange reported it lost roughly 744,400 BTC ...
SEC Seeks $1.41 Billion from Wyly Brothers For Fraud
August 4th, 2014
The Securities and Exchange Commission is seeking damages totaling $1.41 billion from Texas tycoon Sam Wyly and the estate of his late brother Charles for their role in a plan to conceal trades in companies they controlled by using ...
Asian shares pressured by Wall Street, geopolitical tensions
August 4th, 2014
Fears of further declines on Wall Street pressured Asian shares on Monday, as concerns over geopolitical tensions and Argentina’s debt default eclipsed U.S. data that argued against an earlier start to the Federal Reserve’s rate-tightening cycle. Japan’s Nikkei average ...
