Search Results for: SEC
From The “Silicon Cape” To The “Silicon Savannah,” African Tech Hubs Are Booming
May 5th, 2014
New research shows incredible growth in tech hubs around Africa. These support centers for app developers, hackers and entrepreneurs are just part of a massive technological renaissance in the region, where the population has “leapfrogged” into the mobile age. ...
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 ...
Russia Knows Europe Sanctions Ineffective With Tax Havens
May 5th, 2014
Two years ago, a Dutch law firm prepared a pitch in Moscow to Russian businesses: come to the Netherlands and we can help you avoid taxes and keep your assets safe. “You can rely on our legal system!” the ...
Oil price increases as Ukraine fear outweighs China data
May 5th, 2014
The price of oil climbed above $100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China’s manufacturing. Benchmark U.S. crude for June delivery was up 34 cents to $100.10 a barrel at ...
Barclays, Credit Suisse Battle Banker Exodus, Legal Woes
May 5th, 2014
Barclays Plc (BARC), Credit Suisse Group AG and UBS AG (UBSN) will face questions this week about key banker departures, legal challenges and their efforts to boost profitability. Barclays last week lost three top bankers in the U.S. and ...
White House seeks legal immunity for firms that hand over customer data
May 2nd, 2014
Obama administration asks legislators drafting NSA reforms to protect telecoms firms for complying with court orders, Guardian learns The White House has asked legislators crafting competing reforms of the National Security Agency to provide legal immunity for telecommunications firms ...
Tax Is the New Black for Foreign Takeovers
May 2nd, 2014
U.S. pharmaceuticals company Pfizer has augmented its attempt to buy AstraZeneca, the U.K.’s second-biggest drug maker, with a letter to Prime Minister David Cameron. The missive, as well as reminding us that meddling politicians still view takeovers as being ...
A Case of Piketty Fever at the OECD
May 2nd, 2014
The French economist Thomas Piketty has become something of a rock star with his recent book on inequality, and now the Organization of Economic Cooperation and Development has embraced his data and ideas in a freshly-issued report. The think ...
Advisers concerned about capacity to meet demand
May 2nd, 2014
Accountants are concerned that they will fail to cope with client demands as the economy improves, according to a new survey. Six in ten (61%) of advisers believe they might not have the capacity to meet to meet increasing ...
AstraZeneca rejects the bid from Pfizer
May 2nd, 2014
The board of pharmaceutical company AstraZeneca on Friday flatly rejected drug maker Pfizer’s sweetened takeover offer just hours after it was levelled, describing it as inadequate. Pfizer Inc., the maker of Viagra, offered 50 pounds ($84) a share in ...
