Simmons and HSF join list of firms eyeing ventures in Shanghai Free Trade Zone
May 22nd, 2014
Simmons & Simmons and Herbert Smith Freehills (HSF) are the latest UK law firms to have expressed an interest in the Shanghai Free Trade Zone (SFTZ) after recent reports that the scheme would allow tie-ups between international and PRC ...
BNP Case Shows French Companies Learn U.S. Law Hard Way
May 22nd, 2014
Some French companies have been slow to learn that doing business in the U.S. means obeying its laws. U.S. authorities are seeking a record fine against BNP Paribas SA (BNP) that would make it the first French bank since ...
European Stock-Index Futures Advance After Fed Minutes
May 22nd, 2014
European stock-index futures climbed, indicating equities may rise a second day, as minutes from the latest Federal Reserve meeting showed policy makers expect the inflation rate to remain below their target, and as Chinese manufacturing data beat estimates. U.S. ...
JPMorgan’s Problem of “Sons and Daughters” program is widely practice
May 22nd, 2014
The long investigation of JPMorgan’s hiring practices in China has reached a milestone: A Hong Kong anti-corruption organization has formally arrested Fang Fang, the bank’s former vice president of investment banking in Asia. Fang Fang, who has been released ...
European Stocks Little Changed Amid Earnings Reports
May 20th, 2014
European stocks were little changed, with the Stoxx Europe 600 Index trading within 1 percent of a six-year high, as investors weighed corporate earnings. U.S. index futures and Asian shares were little changed. Carnival Plc climbed 3.8 percent after ...
Corporate tax rates table
May 16th, 2014
The following table indicates all corporate tax rates in percentage for a number of countries worldwide. Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Country % % % % % % % % % % Afghanistan ...
Deutsche Bank’s Birmingham legal team is growing
May 16th, 2014
Deutsche Bank has appointed a new head of legal for its Birmingham office, charged with growing the department’s size and the range of business-critical advice it provides to the bank across Europe, Asia and Africa. Jonathan Marshall joined the ...
Election results boost India stocks to another record high
May 16th, 2014
India’s benchmark index surged to a record high Friday after initial election results suggested a sweeping victory for Narendra Modi and the pro-business Bharatiya Janata Party. Investors reacted to the news with marked enthusiasm, sending Mumbai’s Sensex index up ...
Sony has fallen 7% after company forecasts more losses
May 15th, 2014
Shares in Japanese electronics giant Sony have fallen by as much as 7% after the company forecast its second straight year of losses. The stock sell-off came after Sony reported a loss of 125bn yen (£732m; $1.3bn) for the ...
SFC resolves concerns over Citigroup’s algorithmic trading system
May 14th, 2014
The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for its failure to ensure that certain securities orders executed through its algorithmic trading system between April 2009 and May 2010 would not cause undue ...
