Long-awaited new UAE companies law issued by Sheikh Khalifa, boon for markets
April 3rd, 2015
The long-awaited new companies law will be a boon to IPO activity in the UAE and boost corporate governance, lawyers have said. The Commercial Companies Law No 02 for the year 2015 was issued by Sheikh Khalifa, President of ...
The Inevitable Failure of Mechanistic Monetary Policy
April 3rd, 2015
Our current faith in central banks’ ability to “make the economy all better, all the time” is horrendously misplaced. We are living in the Cargo Cult Era of Central Bankers. The era began in earnest on December 5, 1996, ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
OECD launches tax avoidance mandatory disclosure plan
April 2nd, 2015
OECD publishes consultation on the mandatory disclosure of tax avoidance structures in multinational companies as part of BEPS work As part of its Base Erosion and Profit Shifting (BEPS) project, the OECD has launched a public consultation on Action 12 ...
Charles Hugh Smith
April 2nd, 2015
Charles Hugh Smith is the author of the oftwominds.com blog, #7 in CNBC’s top alternative financial sites, and eight books on our economy and society, including Why Things Are Falling Apart and What We Can Do About It, The Nearly Free University ...
Joint Open Access Letter to the European Securities and Markets Authority
April 2nd, 2015
A letter has been sent to Steven Maijoor, Chair of the European Securities and Markets Authority, regarding open access provisions within the MiFID II Regulatory Technical Standards, co-signed by Michael Spencer, chief executive of ICAP, Xavier Rolet, chief executive ...
EU Lays Groundwork for Antitrust Charges Against Google
April 2nd, 2015
Regulator seeks permission to publish complaints against Internet giant in long-running probe Europe’s competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the ...
Greece: ECB raises ELA limit by 700 mln euros
April 2nd, 2015
Greek banks received a cash lifeline of just 700 million euros from the European Central Bank on Wednesday as this is the estimated amount of liquidity needed by the local credit system for one week given the outflow of ...
Asia shares higher ahead of holiday
April 2nd, 2015
Asian shares headed higher on Thursday but investors were cautious ahead of a Good Friday public holiday tomorrow in some major markets. Japan’s shares were up despite a central bank survey showing firms expect inflation to rise 1.4% a ...
Greece PM says sanctions against Russia ‘a road to nowhere’
March 31st, 2015
The Greek premier stressed that the economic war is a “dead-end policy” Greece does not back the West’s sanctions against Russia as this is a “road to nowhere,” the country’s Prime Minister Alexis Tsipras said in an exclusive interview ...
