Search Results for: assets
India has forex reserves to stabilise currency volatility: RBI
August 24th, 2015
Forex reserves of around $380 billion would be used if needed to subdue the volatility in the currency market, said RBI Governor On a day when the rupee and stock market went down Reserve Bank of India (RBI) Governor Raghuram Rajan said on ...
China’s Stocks Sink Most Since 2007 as State Intervention Fails
August 24th, 2015
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening. The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to ...
Global Selloff Deepens as Stocks Sink With Oil
August 24th, 2015
Equity investors took flight across Asia, sending the region’s benchmark stock gauge toward a bear market and Chinese stocks plunging by the most since 2007 as U.S. futures tumbled. Ten-year Treasury yields dropped below 2 percent. China’s Shanghai Composite ...
China Shares Hit New Low Since Depth of Selloff
August 21st, 2015
Early gauge of China’s factory activity falls to multiyear low China’s stock market set a new low since the depths of the summer selloff that wiped out roughly a third of its value, despite massive intervention from Beijing. The ...
Rollout of 1,000 Bitcoin ATMs planned for Greece as interest in cryptocurrency surges
August 20th, 2015
Greece is to receive 1,000 Bitcoin ATMs following a partnership between digital currency exchange BTCGreece and cryptocurrency service provider Cubits, according to reports. The installation of the ATMs, which allow users to exchange cash for bitcoins, reflects the growing ...
European Banks to Sell a Record $154 Billion of Loans, PwC Says
August 20th, 2015
European banks are set to divest a record 139 billion euros ($154 billion) of loans this year, led by the U.K., as the industry accelerates asset sales to meet new rules, according to PricewaterhouseCoopers LLP. Banks have offloaded 54.5 ...
Deloitte, Libra, Accenture: The work of auditors in the age of Bitcoin 2.0 technology
August 20th, 2015
Back in the late 1990s the cryptographer Nick Szabo predicted the paper-era techniques of auditing and accounting would be dramatically augmented by, and eventually integrated into, smart contracts. The last year or two has seen lots of opinion about ...
Nearly 100% recoveries for MF Global Brokerage Creditors after Judge decision
August 20th, 2015
Judge Paves Way for Nearly Full Recoveries for MF Global Brokerage Creditors The bankruptcy judge approved the sale of MF Global’s brokerage litigation to its parent A judge on Wednesday paved the way for nearly 100% recoveries for creditors ...
PCAOB Annual Report on Inspections of Broker and Dealer Auditors Continues to Show High Levels of Independence Findings and Audit Deficiencies
August 19th, 2015
The Public Company Accounting Oversight Board issued an annual report PDF on its interim inspection program for auditors of brokers and dealers registered with the Securities and Exchange Commission that identified high levels of independence findings and audit deficiencies, ...
SEC Charges BNY Mellon With Foreign Corrupt Practices Act Violations
August 19th, 2015
The Securities and Exchange Commission announced that BNY Mellon has agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing valuable student internships to family members of foreign government officials ...
