Search Results for: law
Banks pull out of dozens of benchmarks after rate-rigging scandals
October 2nd, 2014
Some of the world’s largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals. Deutsche Bank, Citigroup, JPMorgan and UBS, among others, ...
Australia 200 – Enjoys Some Support Around 5250
October 2nd, 2014
Australia 200 for Thursday, October 2, 2014 For all of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and ...
EU publishes details over Apple’s Irish tax breaks case
September 30th, 2014
European Union antitrust officials published Tuesday details about a decision to open an in-depth investigation into Apple’s tax deals with Ireland that it alleges fall short of international standards. In a letter from the European Commission to Irish authorities ...
Drug patents held overseas can pare makers’ tax bills
September 30th, 2014
As the Obama administration tries to stop companies from avoiding taxes by moving their headquarters overseas, the makers of some of the world’s most lucrative and expensive medicines are using another tactic to reduce their payments to the government. ...
Monday September 29:OSB Daily Technical Analysis- Currency pairs
September 29th, 2014
OSB Daily Technical Analysis for September 29, 2014 EUR/USD Downside momentum dominating EURUSD. Close below 1.2700 handle extends downside to support at 1.2625-35. Likely medium term target in the 1.2500 area. Pair oversold with some bounce possible in the meanwhile. EUR/GBP Intraday day ...
Illegal Irish corporate tax deals for Apple
September 29th, 2014
Preliminary findings of an investigation into tax deals have found Apple Inc.(AAPL.O) being accused of benefiting from illicit state aid in Ireland after striking illegal deals with Irish authorities and will have to face Brussels’ law. Details of the probe, which ...
China uncovers $10bn fake trading of finance companies
September 26th, 2014
China has uncovered $10bn (£6.1bn) worth of fake trades as part of a nationwide crackdown on finance companies. The currency regulator said 15 fraud cases had been handed over to the police for prosecution. Companies sometimes falsify transactions as ...
‘Russia’s Facebook’ $1.5bn deal ends long-running litigation
September 26th, 2014
Four firms have played lead roles in a $1.47bn (£900m) transaction between two Russian online giants which brought to an end years of complex litigation. Akin Gump Strauss Hauer & Feld, Fried Frank Harris Shriver & Jacobson, Hogan Lovells ...
Ex-Barclays members provide evidence for fraud
September 25th, 2014
Former board members of Barclays have been called on to give evidence to the UK’s anti-fraud agency as part of a probe into the bank’s dealings with Qatar over an emergency cash injection at the height of the financial ...
CFTC Charges Ohio Executive Management Advisors L.L.C., with Fraud and $8.3 Million Ponzi Scheme
September 24th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action in the U.S. District Court for the Southern District of Ohio against Defendants John R. Bullar, who resides in Cincinnati, Ohio, and Executive Management Advisors ...
