Search Results for: US
CySec: Withdraw of CIF authorisation
July 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement that following previous announcements dated 21 February 2014 and 31 March 2014, on a meeting held on July 7, 2014 has decided to ...
South Africa To Ban Land Sale to Foreigners
July 25th, 2014
The South African government has announced plans to fast-track a bill barring foreigners from buying land. The Regulations of Land Holdings Bill would mean foreigners will only be able to lease land for 30 years. However it will not ...
Money laundering investigation for UBS AG by French magistartes
July 25th, 2014
UBS is under formal investigation by French magistrates for money laundering regarding whether the bank helped wealthy French customers evade taxes. The bank has been ordered to pay bail of €1.1 billion by Sept 30. In case the bank ...
Lower printer sales hurt Xerox’s revenue
July 25th, 2014
Xerox Corp (XRX.N) reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business. Net income attributable to Xerox fell to $266 million, or 22 cents per share, for the quarter ended June 30, ...
The IMF’s latest Outlook Update says for Slow but Steady Global Recovery
July 25th, 2014
The IMF’s latest World Economic Outlook (WEO) Update says that global recovery continues but at an uneven pace, and that downside risks remain. Continued policy efforts are needed to secure a more robust recovery. Global growth forecast at 3.4 ...
MFIs Deposits and Loans Statistics
July 25th, 2014
The Central Bank of Cyprus releases today the MFIs deposits and loans statistics for the reference month of June 2014, which are included in the July 2014 edition of Monetary and Financial Statistics. Total deposits in June 2014 exhibited ...
Gold Steadies After Losses, Remains Under $1300
July 25th, 2014
Gold remains under the key level of $1300, as the spot price stands at $1293.13 per ounce late the European session. The metal has now slipped about 2% in the past week. On the release front, it’s a quiet ...
Vodafone revenue dragged lower by Spain and South Africa in first quarter
July 25th, 2014
Vodafone received no relief from tough market conditions in the first quarter, with a slowdown in Spain and South Africa resulting in another heavy drop in its key revenue measure. The world’s second-biggest mobile operator said the pace of ...
Consumers replace cash with credit cards
July 25th, 2014
Visa reports 5% increase in third quarter revenue to $3.16 billion over the prior -year period. Company’s Net income came in at $1.4 billion that resulted in a per-share profit of $2.17, $0.07 higher the analyst consensus. Visa CEO ...
EU regulators to decide on Oracle, Micros deal by Aug. 29
July 25th, 2014
European Union antitrust regulators will decide by Aug. 29 whether to clear world No. 2 software maker Oracle Corp’s (ORCL.N) $5.3 billion bid for Micros Systems (MCRS.O), the European Commission said on Friday. The deal, Oracle’s biggest in five ...
