Brazil’s Galvao goes bust following Petrobras scandal
March 27th, 2015
One of Brazil’s biggest engineering companies, Galvao Engenharia, has filed for bankruptcy protection in the wake of the Petrobras scandal. The state-run oil company has cut off payments to Galvao. Grupo Galvao, the firm’s parent company, said it was ...
We’re All Hedge Funds Now
March 26th, 2015
As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get ...
John Rubino
March 26th, 2015
John Rubino John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney’s James Turk, of The Money Bubble (DollarCollapse Press, 2014) and The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), ...
FASB plans two new proposals to simplify accounting
March 26th, 2015
FASB took steps to simplify accounting in two areas last week when it voted to direct the board’s staff to prepare a pair of proposed Accounting Standards Updates. Upon written approval by FASB, the proposals would be exposed for ...
Allen & Overy is IJGlobal’s Asia Pacific Law Firm of the Year
March 26th, 2015
Allen & Overy has been recognised as the “Law Firm of the Year” at the annual IJGlobal Asia Pacific Awards ceremony held in Singapore . Over 150 market professionals attended the ceremony, which recognises excellence, achievement and innovation in ...
Bank of England shouldn’t cut rates over deflation – Monetary Policy Committee member David Miles
March 26th, 2015
Bank of England Monetary Policy Committee member David Miles has sought to quash fears over deflation, saying any foray into negative territory would be short-lived and shouldn’t lead to rate cuts. Speaking in an interview with the Financial Times, Miles, ...
Derivatives under MiFID II: Time for equal access
March 26th, 2015
Verena Ross, Executive Director of ESMA, recently delivered a keynote speech to the ABA/Law Society Capital Markets Conference in London. Her speech focused on the importance of increasing transparency in MiFID II “in a manner that does not “damage”, ...
France cuts 2015 deficit target, eyes economic recovery
March 26th, 2015
France cut its budget deficit target for this year on Thursday and said economic growth could beat the government’s 1 percent forecast, after reporting a smaller-than-expected fiscal gap for 2014. Finance Minister Michel Sapin said France, which has repeatedly missed its ...
FCA warning against clone firm
March 26th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Clone ...
KPMG named a worldwide leader in digital enterprise strategy consulting by IDC Marketscape
March 26th, 2015
KPMG International has been named a Leader in the IDC MarketScape Worldwide Digital Enterprise Strategy Consulting Services 2015 Vendor Assessment (#254679, March 2015). The report evaluated the capabilities and business strategies of leading firms in the global digital enterprise ...
