Search Results for: law
Japanese shares near a 15-year high
April 8th, 2015
Japan’s shares neared a 15-year high on Wednesday after the Bank of Japan (BOJ) maintained its asset purchase program in an effort to boost the economy. In Tokyo, benchmark Nikkei 225 index was up 0.4% at 19,723.42. The central bank has ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Wall Street to open lower in wake of weak jobs data
April 6th, 2015
U.S. stock index futures fell in low volume on Monday, putting Wall Street on track for a lower open on the first trading session since Friday’s surprisingly weak jobs data. * Labor Department data showed U.S. employers last month ...
CySec: Withdraw of CIF authorisation
April 6th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement informing that: On its meeting of 16 March 2015, has decided, pursuant, of section 25(1)(b) and 26(4)(b) of the Investment Services and Activities ...
Bahamas Signs New AIFMD MoUs
April 6th, 2015
The Bahamas Securities Commission has signed Memoranda of Understanding (MoUs) with the securities regulators of Cyprus, Austria, and Spain, to open up market access for fund managers under the European Union Alternative Investment Fund Managers Directive (EU AIFMD). The ...
AICPA Makes Suggestions on How Business Income Tax Can be Simplified
April 6th, 2015
In a letter submitted on Tuesday to the Senate Finance Committee Tax Reform Working Group on Business Income Tax, the American Institute of CPAs (AICPA) made the following four recommendations about how to simplify business income tax. 1. Cash method of ...
Greece’s Prime Minister Tsipras Heads to Moscow as Bailout Talks Drag On
April 6th, 2015
Greek Prime Minister Alexis Tsipras will be walking a fine line in Moscow this week, aiming to demonstrate an independent streak to voters at home without irritating the European Union as he negotiates for urgently needed funding. Greek officials and ...
Antitrust and Other Inquiries in Europe Target U.S. Tech Giants
April 3rd, 2015
It is not a good week to be a giant American tech company in Europe. The European antitrust investigation into Google appears to be heating up. More European countries are looking into Facebook’s privacy settings. And Apple, which already is ...
Greece tells creditors it will run out of cash on April 9
April 2nd, 2015
Greece has told its creditors it will run out of money on April 9, making an appeal for more loans before reforms on which new disbursements hinge are agreed and implemented, but the request was rejected, euro zone officials said. The appeal ...
Bank of Russia: Participation in capital of OJSC Moscow Exchange and CJSC SPCEX
April 2nd, 2015
Pursuant to Article 49 of Federal Law No. 251-FZ, dated 23 June 2013, ‘On Amending Certain Laws of the Russian Federation Due to the Delegation to the Central Bank of the Russian Federation of the Authority to Regulate, Control and Supervise Financial Markets’ the Bank of Russia is obliged to withdraw from the capital ...
