Search Results for: Fed
Former Petrobras CEO Weighs In on Corruption Probe
February 12th, 2015
Gabrielli Says He Feels Like ‘David Fighting Goliath,’ Denies Any Wrongdoing José Sergio Gabrielli, the former chief executive of Petróleo Brasileiro SA, presided over one of the brightest periods in the state-owned oil giant’s history. During his tenure, from 2005 to ...
OECD Recommends Australian Company Tax, GST Reform
February 12th, 2015
The Organisation for Economic Cooperation and Development (OECD) has recommended that Australia reduce its company tax rate and broaden the tax base. The suggestion is made in the OECD’s new report, Economic Policy Reforms 2015: Going for Growth. The report ...
Gold demand sinks to five-year low in 2014 (Video)
February 12th, 2015
Global gold demand slumped to its lowest level in five years in 2014 as bar and coin buying plunged and jewelry purchases cooled, according to the World Gold Council (WGC). Overall demand totaled 3,924 tonnes, down 4 percent on year at ...
SEC Charges Former Brokerage CEO for His Role in Fraudulent Scheme
February 11th, 2015
The Securities and Exchange Commission today announced that the former CEO of a global investment services firm’s brokerage subsidiary agreed to pay more than $783,000 and admit wrongdoing to settle a case involving employees under his control misleading customers. ...
Denials continue despite MPs hearing of HSBC tax evasion claims in 2011 (Video)
February 11th, 2015
Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the Swiss’ with names of potential tax dodgers Downing Street and the Financial Conduct Authority insisted on Tuesday they had been ...
Stocks, currencies wary of Greek confusion
February 11th, 2015
Asian stock markets turned cautious on Wednesday while the U.S. dollar crept higher as looming euro zone meetings to discuss the Greek debt crisis threatened to produce more confusion than clarity. Euro zone finance ministers meet later on Wednesday and EU leaders on Thursday, ...
SEC Proposes Rules for Hedging Disclosure
February 10th, 2015
Amendments Would Enhance Corporate Disclosure of Hedging Policies for Officers, Directors and Employees The Securities and Exchange Commission today announced it has approved the issuance of proposed rules that would enhance corporate disclosure of company hedging policies for directors ...
HSBC files: international outcry over activities at bank’s Swiss arm
February 10th, 2015
Revelations of collusion with wealthy and criminal clients in tax malpractice triggers furious response around the world HSBC was fighting an international firestorm on Monday over revelations that its Swiss private bank helped clients conceal undeclared accounts and provided services ...
The Party Is Likely Over for U.S. Treasury Bonds
February 9th, 2015
U.S. treasury bonds defied the experts last year. The consensus was that once the Fed began dialing back its massive bond-buying stimulus program last January, bond prices would have to begin plunging. With the stock market so clearly in ...
Central Banks Move to Drive Down Currencies, Yielding Domino Effect
February 9th, 2015
The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world’s economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven ...
