Budget 2014: Practitioners expect revenue-raisers
March 19th, 2014
TAX PRACTITIONERS expect plenty of revenue-raising activity in today’s Budget, as the chancellor looks to fund spending giveaways for businesses. Capital allowances for major infrastructure projects, announce more support for flood victims, a VAT zero-rating on supplies for exporters ...
Russia Sounds Alarm on Economy as West Starts With Sanctions
March 18th, 2014
Russia’s economy is showing signs of a crisis, the government in Moscow said as the U.S. and the European Union announced sanctions over its support for the Crimea region breaking away from Ukraine. “The situation in the economy bears ...
U.S. stocks with Russian exposure rally
March 18th, 2014
The USA’s exposure to Russia isn’t massive by any stretch, but it is increasing, thanks to a growing middle class in Europe that is snapping up U.S. products, such as cars, fast food, soda and snacks. That’s why any ...
East-West standoff complicates any IMF deal for Ukraine
March 17th, 2014
Ukrainian bond prices are holding up better than expected in the stand-off with Russia because investors think the International Monetary Fund might not impose tough conditions in an expected aid programme due to Kiev’s political importance to the West. ...
Europe Stocks Rise as Crimea Vote Boosts Russia’s Micex
March 17th, 2014
European stocks rebounded from a five-week low while the yen and Swiss franc weakened and Treasuries declined after Crimea’s vote to leave Ukraine. Russian shares rallied after four days of declines while Ukraine’s hryvnia retreated. The Stoxx Europe 600 ...
Yen Retreats as Russian Stocks Gain After Crimea
March 17th, 2014
The yen fell for the first time in six days against the dollar as a rally in Russian stocks damped concern Crimea’s vote to leave Ukraine will lead to an immediate increase in tensions between Russia and the West. ...
Moscow stocks higher after Crimea votes to join Russia
March 17th, 2014
Russian shares opened higher on Monday after Ukraine’s Crimea region voted in favour of joining Russia, as local investors shrugged off threatened Western sanctions believing they would be largely symbolic. At 0745 GMT the dollar-denominated RTS index .IRTS was ...
Harris Georgiades, Minister of Finance
March 12th, 2014
Cyprus is striving to get back to business as usual after securing a financial bailout package, what are the immediate priorities of the Ministry of Finance? After the recent Eurogroup decisions on financial assistance, Cyprus aims to restore confidence ...
Inmates running the asylum
March 10th, 2014
IT WAS always an awkward coincidence that the cousin of Steve DiCarmine, a former executive at the collapsed law firm Dewey & LeBoeuf , was “Vinny Gorgeous” Basciano, who ran the Bonnano crime family and is now serving a ...
Leverage Ratios
March 6th, 2014
Financial leverage ratios provide an indication of the long-term solvency of the firm. Unlike liquidity ratios that are concerned with short-term assets and liabilities, financial leverage ratios measure the extent to which the firm is using long term debt. ...
