Archives
FCA warning for a clone firm
March 13th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that BlackRock Fund Managers Limited, www.blackrock.co.uk (clone firm is using Authorised Firm’s website) is a clone firm and is not permitted to provide any ...
Reserve Bank raises OCR to 2.75 percent
March 13th, 2014
The Reserve Bank today increased the OCR by 25 basis points to 2.75 percent. New Zealand’s economic expansion has considerable momentum, and growth is becoming more broad-based. GDP is estimated to have grown by 3.3 percent in the year ...
Investigation for possible manipulation of the foreign market in UK
March 13th, 2014
Bank of England, the UK’s central Bank has appointed a well experienced commercial lawyer to lead investigation focus on whether any Bank officials, was involved in attempted or actual manipulation of the foreign exchange market, the sharing of confidential client ...
‘Candy Crush’ Maker King Sets IPO Range at $21 to $24
March 12th, 2014
King Digital Entertainment Plc (KING), maker of the popular smartphone game “Candy Crush Saga,” will seek as much as $24 a share in its initial public offering, potentially raising about $533 million. King, whose owners include Apax Partners LLP ...
Deloitte Predicts Challenges Ahead for Global Workforce
March 12th, 2014
Organizations will be facing problems finding the right employees and leadership in the years ahead, according to a new report from Deloitte. The report found that 75 percent of the organizations surveyed rate “workforce capability” (the need for skilled ...
Harris Georgiades, Minister of Finance
March 12th, 2014
Cyprus is striving to get back to business as usual after securing a financial bailout package, what are the immediate priorities of the Ministry of Finance? After the recent Eurogroup decisions on financial assistance, Cyprus aims to restore confidence ...
EBA, ESMA and EIOPA consult on supervisory practices for financial conglomerates
March 12th, 2014
The Joint Committee of the three European Supervisory Authorities (ESAs – EBA, ESMA and EIOPA) launched today a public consultation on its draft Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial ...
Obama Meeting With Yatsenyuk Raises Stakes in Ukraine
March 12th, 2014
Barack Obama’s meeting with Ukraine’s prime minister today raises the stakes in his attempt to confront Russian President Vladimir Putin’s ambitions in Crimea and preempt its spread to other countries in the region. The invitation to Prime Minister Arseniy ...
Treasury Committee criticises government tax targets
March 12th, 2014
THE ACCURACY of the government’s tax targets have been queried by the Treasury Select Committee. The yield from tax agreements such as the UK-Swiss deal has fallen well short of expectations, with that particular arrangement only generating a quarter ...
HMRC to be £2.2bn short on Swiss deal target, PAC told
March 12th, 2014
SIGNIFICANTLY LESS than the £3bn target will be generated through the tax deal targeting UK residents with accounts in Switzerland, HM Revenue & Customs directors have told the Public Accounts Committee. Tax assurance director Edward Troup and director-general Jim ...
