Search Results for: VAT
Investment Program supported by European Finance Officials
September 15th, 2014
A three-year, €300 billion program to spur the European economy won broad support from finance ministers. Finance ministers of the European Union have endorsed plans to leverage hundreds of billions of euros in order to finance new infrastructure projects ...
US lawmakers cautious about cash method of accounting
September 12th, 2014
Switching to accrual accounting would be severely damaging to businesses, US lawmakers have warned in a letter calling for the preservation of the cash method of accounting. The letter, signed by a bipartisan majority of the US House of ...
Eni chief executive under investigation over $1bn Nigerian oil deal
September 12th, 2014
Claudio Descalzi, chief executive of Eni, is under investigation in an international bribery case stemming from the $1.1bn acquisition of a Nigerian oilfield in 2011, the Italian state-controlled company said. The announcement by Eni, which denies any “illegal conduct” ...
Why accountants are dissatisfied with their job?
September 12th, 2014
What makes accountants want to leave their jobs? Poor chances of promotion, not enough pay and unsatisfactory management are the key reasons, according to a survey by accounting recruiter Richard Lloyd. Nearly 50 per cent of respondents said they ...
S&P 500 Short-Term Contracts See Trading Volume Jump
September 11th, 2014
In a market where stock volume is evaporating, volume in short-term options is surging. A daily average of 309,000 contracts on the Standard & Poor’s 500 Index (SPX) that expire weekly have changed hands in the first four days ...
China’s Tianhe denies overstating profits, cites investor support
September 11th, 2014
Tianhe Chemicals (1619.HK) has denied allegations that it made false statements in its initial public offering prospectus and said key investor Morgan Stanley Private Equity Asia (MSPEA) has given it full support. A report by Anonymous Analytics, which describes ...
RBS confirms plan to move to England in case of Scottish Yes
September 11th, 2014
The Royal Bank of Scotland (RBS) has confirmed that it will re-domicile to England if the Scots vote to abandon the United Kingdom on 18 September. In a statement issued this morning RBS said: RBS has undertaken contingency planning ...
BRICS, banking on development
September 11th, 2014
The creation of the BRICS New Development Bank (NDB) to finance infrastructure and sustainable development projects in emerging economies is a landmark achievement. Developing nations have lost faith in the current system with its strict conditions on development finance ...
U.S. regulator would welcome delay of EU clearing rules
September 10th, 2014
A top U.S. regulator said on Wednesday he would welcome a delay by the European Union that gave more time to resolve a conflict with Washington over making derivatives markets safer. Reuters reported last week that the EU is ...
Is bigger better for ASEAN in a mega-regional world?
September 10th, 2014
Big-block trade agreements or ‘mega-regionals’, revolving around one or more major powers, are the latest trend in trade policy negotiations. ASEAN is involved in two: the American-led Trans-Pacific Partnership (TPP) and the Chinese-led Regional Comprehensive Economic Partnership (RCEP). But ...
