Search Results for: law
ECB Glimpse of Cyprus Debt Shows Limits of Bank Cleanup
March 4th, 2015
There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. One banking crash, three and a half years of recession and an international bailout later, ...
Warnings: Tureprofit – CFD 1000 Limited – Consomatrade Ltd – Redlane Enterprises Ltd
March 4th, 2015
Consob has prohibited, pursuant to article 99, section 1, letter d), of the Consolidated Law on Finance (CLF), the public offering related to those residing in Italy for the investment programme known as “Tureprofit”, established through the website www.tureprofit.com (resolution no. ...
Athens preparing reform proposals for Eurogroup
March 4th, 2015
A collection of reform proposals are being put together by the government so Finance Minister Yanis Varoufakis can present them at Monday’s Eurogroup, with Athens hoping that this will help it secure part of the remaining 7.2 billion euros ...
Shanghai’s Free-Trade Zone Fails to Impress U.S. Companies
March 4th, 2015
U.S. companies in Shanghai are skeptical about the business benefits of the city’s pilot free-trade zone and have echoed concerns by American companies elsewhere in China about growing antiforeign sentiment and slowing economic growth. An annual survey released on ...
Indirect tax rates continue to soar across the globe as governments devise new levies
March 3rd, 2015
Value-added tax (VAT) rates surge to a high of 21.6% in EU Member States More countries levying VAT, particularly in emerging markets Governments introduce new taxes on health products and e-commerce As VAT rates continue to rise, governments are ...
International and regional bodies that combat money laundering (part B)
March 2nd, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
European Banks’ Reciprocity Draws Scrutiny
March 2nd, 2015
When Deutsche Bank AG hired 25 banks last summer to help it raise about $9 billion of new capital, it made some unusual selections. In addition to a handful of Wall Street stalwarts, three Italian banks made the cut. ...
Biggest Global Banks Go to Pieces Under Pressure From Regulators
February 27th, 2015
Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink. HSBC Holdings Plc, Europe’s biggest bank by market value, said this week it’s considering “extreme ...
Bank of England could issue own digital currency
February 27th, 2015
Like its counterparts in the US, the Bank of England is pondering the implications of issuing its own digital currency. The potential of a central bank-backed digital currency is touched on with the publication of the BofE’s ‘One Bank Research ...
China Said to Tax Past Capital Gains by International Funds
February 27th, 2015
China plans to collect capital gains taxes from foreign money managers that invested in mainland markets during the five years through November 2014, a move that may compel funds to claw back more than $1 billion from investors to ...
