Search Results for: tax
Ex-Barclays chief to be quizzed by fraud office over alleged bribes
May 13th, 2014
Former Barclays boss Bob Diamond is to be grilled by the Serious Fraud Office over alleged bribes paid by the bank to Middle East investors during the financial crisis. The tainted former chief executive is among a dozen former ...
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 ...
Election optimism boosts India stocks to record high
May 13th, 2014
India’s benchmark index surged to a record high Tuesday after exit polls indicated that voters will deliver a mandate to Narendra Modi and the pro-business Bharatiya Janata Party. Mumbai’s Sensex index advanced more than 1.5% in early trading as ...
China Slowdown Deepens
May 13th, 2014
China’s industrial-output, investment and retail-sales growth unexpectedly slowed, suggesting the government’s efforts to counter an economic slowdown have yet to gain traction. Factory production rose 8.7 percent in April from a year earlier, the National Bureau of Statistics said ...
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 ...
Yen at 85 Seen by Tokai Predicting BOJ Policy Miss: Japan Credit
May 9th, 2014
The Bank of Japan’s failure to achieve its inflation target will see the yen rebound to the highest since 2012, reversing the results of its unprecedented stimulus, according to Tokai Tokyo Securities Co. The currency will strengthen beyond 85 ...
European Stock-Index Futures Little Changed Amid Earnings
May 9th, 2014
European stock-index futures were little changed, after the Stoxx Europe 600 Index climbed yesterday to its highest level in more than six years, as investors weighed corporate earnings. U.S. index futures and Asian shares were also little changed. Publicis ...
SEC Announces Charges and Asset Freeze Against Hedge Fund Advisory Firm
May 8th, 2014
The U.S. Securities and Exchange Commission has announced fraud charges and an asset freeze against a New York-based investment advisory firm and two executives for distributing falsified performance results to prospective investors in two hedge funds they managed. The ...
Billionaire Hedge Funders Made Money the Old-Fashioned Way
May 7th, 2014
So Institutional Investor’s Alpha put out its 2013 hedge fund compensation ranking today, and I guess we should talk about it because rich people got paid money and that is fun to gawp at. The obvious thing to say ...
IRS announces two-year FATCA enforcement transition period
May 5th, 2014
Foreign financial institutions that make a good-faith effort to comply with the requirements of the Foreign Account Tax Compliance Act (FATCA) will benefit from lighter enforcement during 2014 and 2015, the IRS announced on Friday (Notice 2014-33). The IRS ...
