Search Results for: law
Russia’s central bank sent an order to MOEX to halt trading in certain instruments – Exchanges Snapshot
December 17th, 2014
International Securities Exchange halted trading on its ISE and ISE Gemini options exchanges due to connectivity issues, resulting in several U.S. options exchanges to declare “self-help” against them, Reuters reported. Intercontinental Exchange warned that EU lawmakers’ plans to open ...
Plunging Ruble Unsettles Russians, Poses Test for Putin
December 17th, 2014
As Russian President Vladimir Putin has ratcheted up the conflict with the West for most of the year, the economic fallout on ordinary Russians has been limited. Suddenly, though, the plunging ruble is reawakening fears of rising prices and ...
New crowdfunding site helps individuals raise money for legal fees
December 16th, 2014
While reading the book Things a Little Bird Told Me last spring, Chicago attorney Michael Helfand was struck by one of author Christopher Isaac “Biz” Stone’s points. Stone, who co-founded Twitter, wrote that an entrepreneur solves problems—and Helfand considers ...
Former Blackrock Asset Management Managing Director Banned
December 15th, 2014
The Financial Conduct Authority (FCA) has banned Jonathan Paul Burrows from performing any function in relation to any regulated activities for not being fit and proper. Tracey McDermott the FCA’s director of enforcement and financial crime, said: ‘Burrows held ...
Switzerland bows to pressure; Tightens money-laundering rules
December 15th, 2014
The Swiss Parliament has bowed to international pressure, tightening the country’s money-laundering rules. There will be a CHF100,000 ($104,000) cap on cash transactions, and not just foreign dictators, but also senior politicians and officials like Sepp Blatter, will be ...
Disney and Skype ‘used Luxembourg tax deals’
December 12th, 2014
Companies including Disney and Skype have allegedly used Luxembourg tax deals, according to fresh leaks published by investigative journalists. The group of firms funnelled hundreds of millions of dollars in profits through Luxembourg subsidiaries, according to leaked documents. Disney ...
European shares extend sell-off as energy stocks suffer
December 12th, 2014
European shares slid on Friday, with further declines in the price of oil hitting energy stocks, while political concerns over Greece also pegged back equities. The pan-European FTSEurofirst 300 index fell 1.1 percent to 1,342.24 points, while the euro ...
Investec issues apology after analyst’s gaffe
December 11th, 2014
South African bank Investec gave US regulator Benjamin Lawsky a grovelling apology last night, after one of its analysts compared Lawsky’s actions against Standard Chartered to the treatment of Eric Garner – an unarmed black man who died at the ...
Legal leaders join hands against client snooping
December 9th, 2014
Legal chiefs and academics today demanded new laws to stop police and security services from spying on meetings between lawyers and their clients. In a declaration to mark European Lawyers Day, the Law Society, the Bar Council and the ...
Joe Hockey announces profit-shifting tax audit of 10 multinationals
December 9th, 2014
Australia will consider passing stronger laws against tax avoidance, the treasurer says, as tax office ‘embeds’ staff within companies The Australian Tax Office is auditing 10 multinational corporations and the government will consider introducing new laws aimed at targeting ...
