Search Results for: EU Commission
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
June 26th, 2014
Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell Gidi ...
Spain To Slash Income Tax Rates
June 26th, 2014
The Spanish Cabinet on June 20, 2014, approved reductions to corporate and individual income tax rates to boost investment and employment. Under the changes, the corporate tax rate will fall from 30 percent to 28 percent in 2015, and ...
Hedge-Fund Hack Part of Bigger Siege: Cyber-Experts
June 23rd, 2014
The attack on a U.S. hedge fund’s network, which a cybersecurity contractor said last week disrupted the firm’s high-speed trading and stole its data, is but one among many. That is the assessment of more than a half-dozen computer ...
Japan not regulating bitcoin, for the moment
June 20th, 2014
Japan’s leading Liberal Democratic Party said it decided against regulating bitcoin for the time being, after the collapse of Tokyo-based bitcoin exchange Mt. Gox prompted them to consider more scrutiny of the virtual currency. Mt. Gox, once the world’s ...
ACCA welcomes new rules against money laundering and terrorist finacing
June 20th, 2014
The keywords in fighting money laundering and terrorist financing throughout Europe and worldwide are transparency and consistency between EU rules and the international approach, says global accountancy body In February 2013, the European Commission unveiled a package incorporating new ...
Three large multinationals under pricing investigations
June 18th, 2014
The European Commission has launched an investigation into the transfer pricing arrangements of three large multinationals about how they’re treated in three countries. The companies are Apple in Ireland, Fiat Finance and Trade in Luxembourg and Starbucks in the ...
Bernie Madoff’s Accountant Paul Konigsberg to Plead Guilty to Fraud Charges
June 18th, 2014
Convicted fraudster Bernard Madoff’s former accountant Paul Konigsberg is expected to plead guilty to charges in connection with the swindler’s $65bn Ponzi scheme, a US prosecutor has said. Konigsberg, a former senior tax partner at Konigsberg Wolf & Co, ...
BNP Keeps Investors Guessing About U.S. Sanctions Penalty
June 16th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
Ukraine crisis: Kiev faces halt to gas supply
June 16th, 2014
Gazprom has reaffirmed its Monday deadline for Ukraine to pay its debts after talks between Moscow and Kiev ended without agreement. The Russian gas giant said it will cut Ukraine’s supply if Kiev fails to pay $1.95bn (£1.15bn) by ...
ASIC suspends former Banksia auditor for five years
June 13th, 2014
The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) from Mr Warren John Sinnott of Kennington, Victoria, as part of an ongoing investigation into the collapse of Banksia Financial Group (Banksia Group). Under the EU, ...
