Archives
UAE To Conclude FATCA IGA This Month
February 17th, 2015
The Ministry of Finance of the United Arab Emirates (UAE) held a press conference on February 15, 2015, to discuss the latest developments regarding the draft agreement on implementing the US Foreign Account Tax Compliance Act (FATCA). FATCA, which ...
Greek stocks fall as debt deal talks stall
February 17th, 2015
Yanis Varoufakis: “We are ready and willing to do whatever it takes” Greece’s stock market fell by more than 4% at its open after European finance ministers failed to reach a new deal to restructure the country’s debts. Greek ...
Central Bank of Cyprus Confirms 1% Deposit Rate Cut
February 17th, 2015
The Central Bank of Cyprus has announced a reduction on its deposit rates by one percent, calling on all credit institutions to follow suit and reduce lending rates. The decision was taken by the Board of Directors of the ...
Baker & McKenzie Advises J.P. Morgan And Macquarie On Steadfast Group Limited’s $300 Million Equity Raising
February 17th, 2015
Baker & McKenzie has advised J.P. Morgan and Macquarie as joint lead managers of Steadfast Group Limited’s $300 million placement and accelerated non-renounceable entitlement offer to fund the acquisition of two underwriting and two broking businesses from ...
Deloitte Global selects new CEO
February 17th, 2015
Deloitte Touche Tohmatsu Limited (Deloitte Global) today announced that Punit Renjen, currently Deloitte U.S. member firm Chairman of the Board, has been selected as Deloitte Global’s new chief executive officer. Renjen will assume the new role on 1 June 2015, the ...
ESMA publishes annual report and supervisory focus for CRAs and TRs
February 17th, 2015
The European Securities and Markets Authority (ESMA) has published today an annual report (Report) on its direct supervisory activities in 2014 regarding credit rating agencies (CRAs) and trade repositories (TR). The report summarises the key actions taken during 2014 ...
FCA joins HSBC tax-dodging inquiry
February 17th, 2015
The Financial Conduct Authority (FCA) says it is looking into the HSBC bank over its Swiss tax-dodging scandal. The move comes in the light of last week’s allegations that the bank had helped hundreds of people evade UK tax ...
Greece’s Varoufakis Says ‘No More Loans’ Until Credible Growth Plan: NYT Interview
February 17th, 2015
Greek Finance Minister Yanis Varoufakis said his government was not asking for a way out of repaying the country’s debt, but wanted a few months of financial stability. In an opinion piece for the New York Times, Varoufakis also ...
Global dividend income hits new record of $1.167 trillion
February 17th, 2015
The total dividend income paid to shareholders around the world rose by 11% last year to $1.167 trillion, according to investment firm Henderson Global Investors. The biggest increase in cash payouts came from US firms at $52bn. Henderson said ...
Asia stocks mostly rise, gains tempered by Greek standoff
February 17th, 2015
Asian stock markets were mostly higher Tuesday but gains were tempered after Greek debt talks broke down, raising the prospect Athens might leave the euro currency. KEEPING SCORE: Tokyo’s Nikkei 225 was little changed at 18,001.58 while the Shanghai ...
