Search Results for: Barack Obama
Offshore Tax Crackdown Opens With 30% Penalties for Banks
June 30th, 2014
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector. Tomorrow, the U.S. government ...
Commodities market overview
June 20th, 2014
A summary of trading in key commodities markets overseas: ENERGY Oil prices soared on escalating violence in Iraq, as government troops recaptured a major refinery and the US said it was sending in military advisers to train Iraqi forces. ...
US Supreme Court working on 17 unsolved cases
June 16th, 2014
It’s crunch time at the Supreme Court, where the justices are racing to issue opinions in 17 cases over the next two weeks. The religious rights of corporations, the speech rights of abortion protesters and the privacy rights of ...
Medtronic to buy Covidien for $42.9 billion, rebase in Ireland
June 16th, 2014
U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad. ...
Wall St. slides on concerns about Iraq
June 13th, 2014
U.S. stocks fell on Thursday as concerns escalated about Iraq and after disappointing economic data on retail sales and jobless claims. The three major U.S. stock indexes ended off their session lows. With the day’s decline, though, the S&P ...
BNP Paribas: EU’s Barnier wants ‘fair’ US action over fine
June 13th, 2014
One of the European Union’s top officials has intervened in the controversy over a potential huge US fine on BNP Paribas. Michel Barnier, the EU’s internal markets commissioner, said any penalty on the giant French bank must be “fair ...
ECB’s Big Bang Is Impressive, but More Is Needed
June 6th, 2014
After dropping hints for several weeks, the European Central Bank made history today by doing what no major central bank has done outside a major financial crisis: It pushed the rate on bank deposits to minus 0.1 percent. The ...
China Seeks to Cap Fossil Fuel Emissions for First Time
June 6th, 2014
China is working on how to cap its greenhouse gas emissions for the first time, an effort that would spur the worldwide effort to hold back climate change. The world’s biggest producer of fossil fuel emissions has been studying ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
The New Paradigm for Banks
May 30th, 2014
Why are U.S. banks having a harder time making money? It’s a question that extends well beyond business models, operating environments and market valuations to the role they play in the economy, during good times and bad. Financial institutions ...
