Markets & Industries
French prosecutors seek trial in HSBC tax scandal - 03/15/2015
HSBC’s Swiss arm which is maligned in a tax-dodging fraud case has to now face trial in the French court. The case is currently under investigation by a Public Account Committee in UK, where the bank is headquartered. While it was earlier known that the bank will be trialed by Swiss and German prosecutors, it has now been revealed that the French financial prosecutor will also take part in the...
Think small is the way forward for Germany - 03/14/2015
Although German economy is going strong, new businesses are not sprouting due to socio-economic reasons. Efforts are being made to change the perception of an entrepreneur and entrepreneurships, in order to kick-start new businesses. Germany is one of Europe’s biggest economy and what it needs right now is are businesses who think small. As weird as that sounds, the point is that although German...
Profound Impact Of Strong US Dollars - 03/12/2015
Rising Dollar dampens US company’s sales and profits and increases US trade deficit. The strong combination of increasing Dollar along with rising expectation for hike in interest has sent the developing countries into a tailspin. The International markets have witnessed new pressures on currencies from Turkey and Brazil in second week of March 2015. The continuous strengthening of US Dollar had...
UK Parliament bans branding in cigarettes - 03/12/2015
The British parliament has approved a legislation aiming to standardize cigarette branding in the country, which drew protests from the tobacco industry. The MPs passed the law to ban specific branding and thus improve public health and cut down early smokers even while the tobacco industry noted that the move would cut into their profits. A significant part of the passing of the law is the...
Aldermore group puts a good show at IPO - 03/12/2015
Aldermore Group, the newest entrant in Britain's banking sector, has made a good stock market debut. The company’s stocks were up 12% to 215p. The impressive rally which started at 10:00 GMT made the stocks go well above its initial public offer price of 192p per share. The company founded by former Barclays executive Phillip Monks in 2009 with backing from private equity firm AnaCap...
Lawsuits Against Toyota, GM And Ford - Seek Damages Over Hacking Risks - 03/11/2015
A Senate report claims that automakers have not addressed security flaws. A class action lawsuit filed against Toyota, General Motors and Ford, claims that the automakers have intentionally put consumers at high risk by selling cars that are susceptible to hacking. The lawsuit filed in the US District Court of California alleging that the major carmakers did not disclosed to the consumers about...
Obamacare – Hurting Tax Payers - 03/11/2015
About 6.4 million consumers purchase Obamacare health insurance in 2015. According to the Congressional Budget Office, Obamacare will increase the fiscal deficit by $1.2 trillion over the next decade. Now, this is being publicized as a success, the reason being that it was supposed to be a bigger financial drag. The latest projections show that the fiscal deficit will be $142 billion lower than...
Morgan Stanley lauds UK Telecom market - 03/11/2015
American investment firm Morgan Stanley has lauded the UK Telecom market in its new report which pinpoints the five pertinent changes in the status quo which propelled the market outlook to be more bullish. According to the report, the investment firm identifies Spain's TEF, Vodafone-ONO and Orange-Jazztel; German Deutsche Telekom, Vodafone-KDG and Telefonica Deutschland; and Orange,...
Vibe’s Mobile Technologies to Incorporate Adobe’s Digital Cloud Marketing - 03/10/2015
Vibe has announced its new integration with Adobe’s cloud marketing wherein the future of mobile promotion is expected to provide an integral experience to the consumers in the quality and the functionality of the products. Chicago- 10 March 2015- Riding the tide of change through innovation, technology and cloud marketing resulting in instant and easy information exchange, the leading mobile...
Will the bull run in Stoxx Euro 600 continue? - 03/10/2015
Is the bull-run that is taking the Euro Stoxx 600 index by storm, sustainable or it is only market forces at play? As per available data from leading sources, this optimism in the financial market can be boiled down to essentially three factors. The available economic data certainly looks promising. Judging by the balance sheets of European companies as a whole, it appears that the fall in crude...
