Search Results for: assets
ASIC issues penalty fine
May 15th, 2014
The Australian Securities and Investments Commission (ASIC), issued two infringement notices for misleading statements in Product Disclosure Statements (PDS) for two investor funds the company manages as responsible entity for Australian Mutual Holdings Limited (AMH) which must pay $20,400 in ...
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 ...
Bundesbank Open to Significant ECB Stimulus in June if 2016 Inflation Forecasts Lowered
May 13th, 2014
Germany’s central bank is willing to back an array of stimulus measures from the European Central Bank next month, including a negative rate on bank deposits and purchases of packaged bank loans if needed to keep inflation from staying ...
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 ...
Asian Stocks Advance After U.S. Gauges Rally to Records
May 13th, 2014
Asian stocks rose, with the regional benchmark gauge on course for its biggest increase in seven weeks, as investors weighed earnings and after U.S. equity indexes climbed to records. Nissan Motor Co., Japan’s second-biggest carmaker, jumped 5.1 percent after ...
Three Signs the Best Days of Private Equity Are Over
May 12th, 2014
Lest the buyout industry feel left out of the regulatory crackdown that has recently been visited upon hedge funds and major banks, the Securities and Exchange Commission indicated it’s taking a close look at the fees and compliance structures ...
Federal Reserve invites comment on proposed rule
May 9th, 2014
The U.S. Federal Reserve Board on Thursday invited comment on a proposed rulemaking that would implement section 622 of the Dodd-Frank Act, which prohibits a financial company from combining with another company if the ratio of the resulting financial ...
Two men arrested for insider trading and abuse of public office, $7 million restrained
May 9th, 2014
The Australian Federal Police and Australian Securities and Investments Commission have issued a joint press release as follows: Two men have been arrested by the Australian Federal Police (AFP) today for offences relating to insider trading, money laundering, corruption ...
Vodafone seeks arbitration over Indian tax dispute
May 9th, 2014
Vodafone is to seek international arbitration in a bid to resolve an historic dispute with the Indian government. The dispute is rooted in Vodafone’s acquisition of Hutchison Whampoa’s Indian mobile assets for $11.2bn (£6.5bn). The Indian authorities had argued ...
What to Do If You Forgot to Pay Taxes
May 8th, 2014
The IRS got more than 131 million tax returns last month. Was yours one of them? If you forgot, or didn’t file for some other reason, it’s a mistake to do nothing and hope the tax authorities look the ...
