Search Results for: assets
Russian Billionaires Have Lost More Than $14B Since January
July 23rd, 2014
Russia’s wealthiest have lost billions of dollars since the beginning of the year, as Western sanctions against the country over its involvement in Ukraine continue tightening their grip over the weak economy. Russia’s 19 billionaires have lost $14.5 billion ...
OECD Releases New Tax Info Exchange Standard
July 23rd, 2014
The Organisation for Economic Cooperation and Development (OECD) on July 21, 2014, released its new global Standard for Automatic Exchange of Financial Account Information in Tax Matters, hailing the move as another important step towards greater tax transparency and ...
Watch what markets don’t do as world politics turns nasty
July 23rd, 2014
Like so much in the investment world of late, it’s what financial markets are not doing right now that is most intriguing. Over the course of the past month, conflicts, superpower standoffs and economic sanctions have flared in ...
Cybercriminal strikes can be small, but mighty
July 23rd, 2014
Cybercrime is a growing threat for businesses as attackers are getting more creative and skilled in their methods of stealing information. Cyberattacks on large companies such as Target, Neiman Marcus and P.F. Chang’s made headlines across the country and ...
Europe rebounds as Ukraine rebels hand over black boxes
July 22nd, 2014
European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine’s pro-Russian separatists over the downed Malaysian Airlines plane. After days of uncertainty, a train carrying the remains of some ...
Brent Oil Near $108 with Focus on U.S. Stockpiles
July 22nd, 2014
Brent crude held steady above $107 a barrel on Tuesday, with worries over escalating geopolitical tension balanced by expectations of large draws in U.S. oil stockpiles. Speculators mostly kept on the sidelines, with light volumes across most risk assets ...
National Bank of Bahrain net profit up 7.4 per cent to BHD 28.74 million
July 22nd, 2014
The Bank recorded a Net Profit of BHD 28.74 million ($76.44 million) for the six months ended 30 June 2014 compared to BHD 26.77 million ($71.20 million) for the corresponding period of the previous year, an increase of 7.4 ...
Asian shares push higher, shrug off global tension
July 22nd, 2014
Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent to ...
Amplats to sell strike-hit South Africa mines
July 21st, 2014
World number-one platinum producer Anglo American Platinum (AMSJ.J) is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable. The mines account for over half of ...
Julius Baer expects to settle U.S. tax case in months
July 21st, 2014
Julius Baer (BAER.VX) expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank’s role in helping wealthy Americans evade their taxes, its chief executive said on Monday. ...
