Saturday, Apr 27, 2024

International Finance

Category : Finance

A post-2015 agenda for Asia

International Finance Desk
by International Finance Desk
Asia has been enormously successful in achieving fast economic growth. But continued progress calls for an integrated stance against rising natural and social vulnerabilities. Author :Thomas, Vinod The writer is Director-General of Independent Evaluation at the Asian Development Bank, and former director-general and senior vice president of the World Bank’s Independent Evaluation Group and chief...
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SEC ‘freezes’ Assets of Thailand Trader for Insider Trading

International Finance Desk
by International Finance Desk
Securities and Exchange Commission have frozen the assets of a trader in Bangkok, Thailand who tried to withdraw more than $ 3 million made from illegal trading ahead of the acquisition of U.S. pork producer Smithfield foods. 10th June 2013 Securities and Exchange Commission have frozen the assets of  a trader in Bangkok, Thailand who...
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G.E. Capital to Sell U.S. Real Estate Assets

International Finance Desk
by International Finance Desk
GE has been selling off real estate businesses, insurance operations and overseas business stakes apparently to lessen its reliance on its finance business. 5th June 2013 G.E capital will sell some of its U.S. real estate assets and its Canadian vehicle leasing business, as part of its parent General Electric’s efforts to reduce the size...
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OECD frames new rules to limit Corporate Tax avoidance

International Finance Desk
by International Finance Desk
12 more countries have signed, or committed to sign, the OECD’s multilateral convention on mutual administrative assistance on tax matters. The days of MNC’s exploiting fiscal loopholes over tax payment are now over with the OECD getting a strong backing to design an international clampdown on corporate ‘tax cheats’. “We need to take actions which...
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HMRC- A case of Systematic Failure

International Finance Desk
by International Finance Desk
HMRC has rejected the committee’s view that it is suffering from systemic failure. HMRC- A case of systematic failure The Her Majesty’s Revenue and Customs (HMRC) is in the line of fire, for its failure to reduce the fraud and error which will bear a huge bearing on the British tax payer. The HMRC was challenged by...
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Singapore Press Holdings to raise $ 1 Billion through REIT

International Finance Desk
by International Finance Desk
The company will sell two focused properties to REIT, which will then raise about $ 540 million from the sale of 30% of its units to public investors. Singapore press holdings (SPH)  is planning to rise $ 1 billion in a real estate investment trust (REIT) listing, the company said yesterday. The media company that...
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LPL Financial LLC, fined $ 9 million for E-mail Violations

International Finance Desk
by International Finance Desk
The penalizing of LPL is seen as a warning to businesses to ensure their business does not outgrow their compliance systems. LPL Financial LLC, the U.S. based wealth management advisory firm, with over 13,300 advisors must pay a total of $ 9 million as fine to the Financial Industry Regulatory Authorities (FINRA). They have been...
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UBS Wealth Management Profits Rise to a new High

International Finance Desk
by International Finance Desk
UBS Wealth Management delivered the highest levels of quarterly net new money since 2007, and the highest quarterly profit since 2009. The United Bank of Switzerland has posted a better than expected performance for the first quarter of the year on April 30th. The bank has posted a profit of 7.8 billion CHF, ($ 8.3...
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The Vagaries of Investment Advisory Industry

International Finance Desk
by International Finance Desk
Only an RIA(Registered Investment Advisors) is authorized to provide investment advice for a fee. The world of wealth management brings its own challenges this year, to keep up with market forces, polices of Washington, technological innovations and new client demands. Independent Broker Dealers (IBD) are the new wave of breakaways to the Registered Investment Advisors...
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Can the HR 1579, Inclusive Property Act, Rebuild U.S. Financially?

International Finance Desk
by International Finance Desk
The H.R. 1579 will levy a small sales tax on the trading of derivatives, stocks, bonds and other instruments. Brokers who would carry out trades would be accountable to pay the tax, unless carried out directly by the investors. “This is a huge day”, these were the initial reactions of Republican Ellison, quoting press reporters...
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