Archives
Moody’s downgrades Japan on debt worries
December 1st, 2014
Moody’s Investors Service today downgraded the Government of Japan’s debt rating by one notch to A1 from Aa3. The outlook is stable. The key drivers for the downgrade are the following: Heightened uncertainty over the achievability of fiscal deficit ...
European Audit Regulators on audit quality issues
December 1st, 2014
Independent audit regulators from Europe, including the Luxembourg, have structured meetings with different stakeholders on audit quality issues. In November, the European Audit Inspection Group (EAIG) met KPMG’s European leadership and the audit standard setters (IAASB/IESBA boards). The meetings are intended to ...
Banque de France signs MoU with Hong Kong Monetary Authority on Renminbi business cooperation
December 1st, 2014
Mr. Christian Noyer, Governor of Banque de France, and Mr. Norman Chan, Chief Executive of the Hong Kong Monetary Authority, signed a Memorandum of Understanding today (28 October 2014) with respect to strengthening cooperation on renminbi business development in ...
Sony Pictures hires Mandiant to help clean up after cyber attack
December 1st, 2014
Sony Pictures Entertainment has hired FireEye Inc’s Mandiant forensics unit to clean up a massive cyber attack that knocked out the studio’s computer network nearly a week ago, three people with knowledge of the matter said yesterday Computer systems ...
Bitcoin: Luxembourg Researchers find a way to unmask Bitcoin users
December 1st, 2014
According to CryptoCoins News, one of the stated strengths of Bitcoin has, from the beginning, been its ability to provide anonymity and a sense of security on the same level that cash transactions do. When one spends and is ...
Deloitte Said to Face Saudi Regulator’s Ban on Audit Work
December 1st, 2014
Deloitte LLP may be blocked from auditing companies in Saudi Arabia after the country’s market regulator told firms registered in the kingdom to stop using its local services, according to a circular obtained by Bloomberg. The Capital Market Authority ...
Dollar Rises to 7-Year High Versus Yen on Economy; Aussie Slides
December 1st, 2014
The dollar rose to a seven-year high versus the yen before data forecast to show U.S. manufacturing outpaced global peers, reinforcing the outlook for higher interest rates in the world’s largest economy. The greenback extended gains against the currencies of commodity-producing ...
Inside Takata, tantrums, but little sense of crisis over air bags
December 1st, 2014
Shigehisa Takada, the third-generation head of Takata Corp, shows little sense of the crisis engulfing the Japanese air bag maker at the center of one of the auto industry’s biggest safety recalls, according to three people who have met ...
Monday December 1: OSB Daily Technical Analysis – Indices
December 1st, 2014
OSB Daily Technical Analysis for December 1, 2014 S&P 500 traded sideways and edged slightly lower on Friday on what was a relatively light trading day following Thanksgiving. With that in the mind the index still managed to make ...
PwC urges SME boosts, innovation in 2015 budget
December 1st, 2014
Measures to reduce the burdens of small and medium enterprises (SMEs), ease the risk of investing in intellectual property and lessen the strain on the old will help Singapore to lay the foundation for the next 50 years, the ...
