Archives
Code red: Stocks tank on Wall Street
April 11th, 2014
Investors might have used Wednesday’s rally as a chance to rest up so they could get back to what they’ve been doing best lately: selling. The Nasdaq lead the carnage today with a 3.1% loss. It’s fairly uncommon for ...
Cyprus: A Mediterranean island slowly rebuilding after crisis
April 11th, 2014
Cyprus, the tiny Mediterranean island bailed out a year ago, remains “in difficulty…but not as bad as one would have expected,” its finance minister Harris Georgiades told CNN during an interview in the capital city Nicosia. The country, which ...
Europe Stock Futures Follow Asia Down on Tech; Lira Falls
April 11th, 2014
European index futures and emerging-market currencies slid as a gauge of Asian stocks dropped the most in three weeks amid a selloff in technology shares that’s cut demand for riskier assets. Nickel extended its longest rally since 2010. Contracts ...
CySec: regarding new provisions for exposures to directors and shareholders of Cyprus Investment Firms (‘CIFs’)
April 11th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has announced the following: In the context of establishing effective arrangements and procedures for consultation with the market participants regarding the proposed changes in the national legislation ...
British Gas must pay £5.6m for blocking firms from switching
April 10th, 2014
British Gas has been ordered to pay £5.6m in compensation and fines for blocking businesses from switching suppliers and failing to tell others their contracts were ending, Ofgem said. The company, one of the Big Six suppliers, had already ...
Christine Lagarde: huge government and bank debts risk new financial crash
April 10th, 2014
IMF head argues for global co-operation on financial stability, warning against risky investments and low eurozone inflation Head of the International Monetary Fund Christine Lagarde issued a warning to world leaders on Thursday that they need to do more ...
HMRC unable to disclose figures for civil fraud investigations
April 10th, 2014
Only six taxpayers a month voluntarily acknowledge that they have committed fraud using a disclosure facility set up by HMRC at the beginning of 2012 The facility, which encourages people who have committed tax fraud to admit their offences ...
Cross border taxation of European citizens
April 10th, 2014
The European Commission has launched two public consultations and is creating an expert group to gather ideas on how to tackle any tax obstacles that hinder the cross-border activity of individuals in the single market At the same time, ...
Deutsche Bank Said to Find Improper Communication in FX Case
April 10th, 2014
Deutsche Bank AG (DBK) put a London-based currency saleswoman on leave last month for inappropriate communication with the Monetary Authority of Singapore, a person familiar with the matter said. No other details on Kai Lew’s communications with MAS were ...
FCA warning for unauthorised firm
April 10th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “Edward Evans Group” is not permitted to provide financial services or products. Furthermore, FCA points out that “Edward Evans Group” is neither ...
