Search Results for: interest rates
Hong Kong, US Wrapping Up FATCA Agreement
May 13th, 2014
Hong Kong and the United States have substantially concluded discussions on an inter-governmental agreement (IGA) to simplify Hong Kong financial institutions’ compliance with the Foreign Account Tax Compliance Act. The Financial Services and the Treasury Bureau (FSTB) said that ...
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 ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
E.U’s economy is growing due to Germany and Italy manufacturing
May 2nd, 2014
Euro-area manufacturing grew at the fastest pace in three months in April on accelerating expansion in Germany and Italy, evidence the currency bloc’s recovery remains on track. A Purchasing Managers’ Index increased to 53.4 from 53 in March, Markit ...
The deep freeze – how are the Russia and Ukraine sanctions affecting offshore law firms?
April 29th, 2014
With the impact of EU and US sanctions on Russia and Ukraine stretching far beyond the individuals targeted, Caroline Thorpe examines the effect on offshore jurisdictions, and how law firms are dealing with the pitfalls and opportunities of this ...
Puerto Rico woos rich with hefty tax breaks
April 23rd, 2014
John Paulson is expected to expand his investment in Puerto Rico to $1 billion by the end of next year, as the hedge fund titan leads a growing brigade of wealthy U.S. business owners who are taking advantage of ...
Foreign investors’ figures favourable for Cyprus
April 15th, 2014
Foreign investors showed great interest in Cyprus in 2013 due to the Government’s scheme offering citizenship and permanent residence on the island, Minister of Interior, Socrates Hasikos has revealed. According to the Cyprus News Agency, Hasikos said that the ...
Stocks Drop With Ruble as Ukraine Tension Spurs Gold
April 14th, 2014
Global stocks dropped a third day, the ruble tumbled and oil and gold advanced as the U.S. and Russia traded barbs in the United Nations Security Council amid worsening violence in Ukraine. The euro dropped on prospects for more ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
