Search Results for: US
IASB amends IAS 16 Property and IAS 38 Intangible Assets
May 14th, 2014
The International Accounting Standards Board (IASB), has published amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets. IAS 16 and IAS 38 both establish the principle for the basis of depreciation and amortisation as being the ...
What the Kenya Railroad Says About China’s Approach to Africa
May 14th, 2014
When China’s Prime Minister Li Keqiang announced a deal with Kenya to establish a new railroad, whose first stage will link the port city of Mombasa to the capital, Nairobi, he framed the arrangement in terms familiar to Sino-African ...
Reserve Bank of N.Zealand: Financial system sound, but risks remain
May 14th, 2014
Reserve Bank Governor Graeme Wheeler said today when releasing the Bank’s May Financial Stability Report that New Zealand’s financial system remains sound, and well placed to support the expansion in the economy. However, Mr Wheeler warned several risks to the ...
American Shoppers Take Breather After March Retail Sales Surge
May 13th, 2014
American consumers took a respite from going to malls and restaurants as retail sales climbed less than forecast in April after the strongest gain in four years. The 0.1 percent increase followed a revised 1.5 percent surge in March ...
Payday Lending: Fixing a broken market
May 13th, 2014
ACCA (the Association of Chartered Certified Accountants) has launched a unique report on payday lending looking specifically at its business model. Called Payday lending: fixing a broken market, the authors Sarah Beddows, an independent consultant, and Mick McAteer from ...
FCA reviews how fund charges are set out
May 13th, 2014
The British Financial Conduct Authority (FCA) said today that firms must present their fund charges clearly and consistently, so that retail investors are able to compare charges before making decisions on where to invest. The recommendation follows a review ...
SEC Charges Three Sales Managers With Insider Trading Ahead of Major Acquisition
May 13th, 2014
The U.S. Securities and Exchange Commission has charged three former sales managers at San Diego-based Qualcomm Inc. with insider trading ahead of a major acquisition announcement. The SEC alleges that Derek Cohen, Robert Herman, and Michael Fleischli learned through ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Ex-Barclays chief to be quizzed by fraud office over alleged bribes
May 13th, 2014
Former Barclays boss Bob Diamond is to be grilled by the Serious Fraud Office over alleged bribes paid by the bank to Middle East investors during the financial crisis. The tainted former chief executive is among a dozen former ...
Election optimism boosts India stocks to record high
May 13th, 2014
India’s benchmark index surged to a record high Tuesday after exit polls indicated that voters will deliver a mandate to Narendra Modi and the pro-business Bharatiya Janata Party. Mumbai’s Sensex index advanced more than 1.5% in early trading as ...
