Spain hints at future tax hike

first_img whatsapp whatsapp Sunday 15 August 2010 10:11 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Show Comments ▼ Jose Blanco, Spain’s infrastructure minister, yesterday hinted at future tax rises in the country if continued investment in public works is to be secured. “[Spain] has a very low tax base compared to the average for European countries,” Blanco said. “The question citizens must always ask themselves is if we want first-class public services or infrastructure, we will also have taxes in line with European countries.” Share KCS-content Spain hints at future tax hike Tags: NULLlast_img read more

Pakistan inflation could rise to 13.5pc, says IMF

first_imgWednesday 22 September 2010 7:33 pm KCS-content whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Pakistan inflation could rise to 13.5pc, says IMF whatsapp Show Comments ▼ Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Pakistan’s inflation rate could soon rise as high as 13.5 per cent, according to the International Monetary Fund (IMF).The country’s inflation rose to a four-month high in August as devastating floods forced food prices higher. Core inflation rose to a higher-than expected 12.5 per cent, as the consumer price index increased 2.5 per cent from July.Analysts had expected the central bank to wait and see until the release of a damages assessment report, due to be released in mid-October, but with inflation higher than expected, there are fears that the central bank may hike the policy rate.The IMF has pledged $451m (£287m) in aid to the stricken nation, which will be used to plug the gap in public spending and shore up its flagging currency. Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tags: NULL whatsapp center_img Monday 27 September 2010 7:47 pm Share Show Comments ▼ London Stock ExchangeThe exchange has named Paolo Scaroni (pictured), the chief executive of Italian oil and gas group Eni and one of its non-executive directors, as its new deputy chairman.The LSE also said Massimo Tononi has joined the board as a non-executive director. Tononi was a partner at Goldman Sachs until July this year and, between 2006 and 2008, was Treasury undersecretary at the Italian Ministry of Economy and Finance in Rome.GAMThe investment management firm has hired Andrew Jenkins as a portfolio director in its UK private client team.Jenkins joins from Barclays Wealth, where he spent the past three years, latterly as a director. He was previously head of investments for the Americas at Ansbacher in the Cayman Islands.Drax GroupThe power group has taken on Tim Cobbold, the former chief executive of Chloride Group, as a non-executive director.Following Emerson Electric’s $1.5bn takeover of Chloride earlier this year, Cobbold now holds responsibility for the Chloride group of companies within Emerson.Arbuthnot SecuritiesThe bank has appointed Adam Lloyd as its new director of corporate broking. Lloyd joins from Evolution and has also worked at Albert E Sharp, James Capel, Merrill Lynch and Durlacher.Arbuthnot has also hired Andrew Kitchingman from Brewin Dolphin as a director in corporate finance and Emma Harrison from Altium as an investor relations manager.Collins StewartThe bank’s wealth management arm has hired Murray Montgomery as head of business development in the Channel Islands. Murray joins from Kleinwort Benson, where he spent the past 13 years as head of business development, head of product development and a senior private banker.Equatorial Palm OilThe Aim-listed sustainable oil palm plantation group has appointed Shankar Varadharajan, a representative of its strategic partner the Siva Group, as a non-executive director.Varadharajan, 36, has over 13 years of experience in management positions at Motorola and the Tata Group. CITY MOVES | WHO’S SWITCHING JOBS last_img read more

UBS says Basel preparation will delay dividends

first_img whatsapp KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush UBS shareholders let out a collective groan yesterday when the bank said it will not issue a dividend until at least 2013, instead opting to preserve capital ahead of tough new Basel III rules.The Swiss bank has not released funds to its shareholders since 2007 and it will now be at least three years until payments resume. UBS follows several other lenders who are starting to provide more clarity on the impact of the new rules on bank capital and liquidity, unveiled three weeks ago. Shares in UBS, Europe’s largest wealth manager by assets, fell 1.3 per cent on the back of the news.Chief financial officer John Cryan said: “The dividend commencement date is a little uncertain. Sometime in the period of Basel III introduction we’ll be able to resume our returns to shareholders in the form of a dividend or even share buyback. “I’d be expecting by 2013-14 to be in a position where we’re comfortably on track, unless something extraordinary comes out on Monday.” Show Comments ▼ Sharecenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Thursday 30 September 2010 10:41 pm UBS says Basel preparation will delay dividends whatsapp Tags: NULLlast_img read more

Monetise joins mobile scheme

first_img whatsapp whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content Show Comments ▼center_img Thursday 30 September 2010 10:23 pm UK MOBILE banking and payments group Monetise has announced a major partnership to supply software for Visa’s new contactless payment system.Last week City A.M. revealed Visa will roll out a network of payment points where users can use their mobile phone to pay in stores.Now Monetise has said it will partner DeviceFidelity to provide software to process the payments, with the London-based firm taking a small percentage of each transaction.Analysts at Evolution Securities project medium-term revenue estimates of £15m from the deal.DeviceFidelity will produce a special microSD chip that will slot into most smartphones and Monetise will produce the software to communicate with the contact points. Monetise has long-standing partnerships with both DeviceFidelity and Visa.Visa is coming to the end of a trial based in Sitges in Spain before launching a partial UK roll out in time for the 2012 Olympics.The firm believes the technology has the potential to provide a lucrative new revenue stream. Visa has 1.7bn users worldwide but this is dwarfed by the 4.7bn people who use mobile phones. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Monetise joins mobile scheme Tags: NULLlast_img read more

Mouchel warns over profit in tough environment

first_img Share John Dunne Mouchel warns over profit in tough environment Tags: NULL whatsapp Outsourcer Mouchel has warned full-year profit could be lower than expected.The company, which provides maintenance for highways and handles local government payrolls, estimated that pre-tax profit before exceptionals for the year would be around £30.5m. Analysts were, on average, expecting £34.85m, a Thomson Reuters poll showed.“Taking into account the challenging business environment and the likelihood that this environment may harden, the group has decided to make a more cautious view of the final settlement of a number of current project claims,” Mouchel said in a surprise trading statement ahead of results on 28 October.In August, the company said full-year results would be at the lower end of expectations as a lack of visibility over government austerity measures created a difficult trading environment.Many support services firms are suffering as the coalition government reduces spending to fight a ballooning national deficit, with big cuts expected to be announced at its spending review next week.But Mouchel said it was confident about its long-term prospects, seeing increasing business as local authorities seek to create efficiencies, adding its order book and pipeline remained at about £2bn.“This underpins the medium and longer term outlook, which is becoming increasingly positive as the Coalition’s policies are implemented by organisations across central and local government,” it said.The company, which has cut its headcount by more than 2,000 since January as it seeks to control costs, also said it was talking to banks about its existing loan facilities, saying it was confident refinancing would be successfully completed by the time of its interim results statement.In February the company negotiated a 12-month easing of its fixed charge cover covenant, saying it wanted more headroom and a ‘carve out’ for potential bid defence costs at a time when it was being targeted by VT Group, later bought by Babcock.“We continue to believe that a successful outcome in this regard should be achievable, although recognise that near term trading will remain very challenging, which coupled with the easement being in sight, could hold back the shares ahead of more clarity,” Brewin Dolphin analyst Mark Fleetwood said in a note. He cut held his price target at 130 pence but cut his rating to Reduce from Hold.The company said cost-cutting had helped it reduced its net debt at year-end to a £83.5m, better than the £90m expected. It said it would make savings of more than £25m, with one-off costs for the restructuring at £23m. Thursday 14 October 2010 3:26 amcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ last_img read more

UK economy grows for fourth consecutive quarter

first_img RESILIENT economic growth continues to be recorded in the UK, according to today’s official figures. There was also less reliance on construction growth, which fell to 4 per cent, down from the unusually high second quarter rate of 9.5 per cent. UK economy grows for fourth consecutive quarter The ONS will report on fourth quarter growth on 25 January in the coming year. Wednesday 24 November 2010 10:20 am Lai Wah Co, CBI“The boost from the stock cycle has waned, as expected, but it was very encouraging to see net trade supporting growth for the first time in over a year.” Further good news came in the details, which “look more sustainable than in prior quarters” according to Andrew Goodwin, senior economist at the Ernst & Young ITEM Club. “There is greater balance and this gives the impression of durability, and much smaller reliance on stockbuilding,” he added. The economy is in a robust state, but there is no room for complacency, said David Kern, Chief Economist at the British Chambers of Commerce (BCC). “The Government must focus all its efforts on enabling the private sector to make 2011 a Year for Growth,” he said. “Obstacles that hamper businesses in their efforts to create jobs, invest and export must be removed.” Combined with tight credit conditions and potential knock-on effects of the crisis in Ireland, GDP “looks set to slow further in the fourth quarter, possibly down to around 0.4%” according to Chris Williamson, Chief Economist at Markit. Most analysts expect per quarter growth between 0.3 per cent and 0.5 per cent for next year. GDP was boosted by a surprise improvement in net trade as exports grew faster than imports. whatsapp “2011 will be quite a bad year for growth. Rising commodity prices this year will lead to higher consumer prices next year. Expect rates to remain at 0.5% till end of 2012 to offset fiscal consolidation. QE3 at some stage is a real possibility.” whatsapp Charles Davis, Centre for Economics and Business Research John Dunne Nick Bate, Bank of America ML“Exports have actually been quite strong this year. Net trade is up as imports have fallen. Also, it is not obvious that cuts have had a big impact on growth.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Show Comments ▼ The economy grew by 0.8 per cent in the three months to September, the Office for National Statistics (ONS) confirmed. However, there remain concerns for the economy’s prospects in the final quarter of the year, and into 2011. Growth in consumer spending remains weak, falling to 0.3 per cent. Falling incomes, government spending cuts and the impending rise in VAT will pinch consumers, say analysts. Share And GDP was up 2.8 per cent compared to the same time last year. The figures mark a calendar year of consecutive growth in the UK. Quotations: Tags: NULLlast_img read more

Currency gains boost London housing market

first_img whatsapp KCS-content Tuesday 30 November 2010 8:40 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com OVERSEAS investors continue to pile into London real estate, thanks to increasingly favourable exchange rates and soaring rental values, according to research seen by City A.M.Foreigners currently buy 72 per cent of all central London homes on the market, said a report by Hamptons International, up from 60 per cent at the peak of the market in 2008. The relative strength of the pound since the start of the crisis has meant 35 per cent discounts for Japanese buyers, and over 20 per cent for those with currencies pegged to the dollar, on top of existing exchange rate discounts and property valuation changes. “Lots of people are surprised that property values have returned to the peak seen before the crisis. This research helps to explain why so many foreign buyers are buying in London: there is a still great currency opportunity,” Hamptons head of research Adam Challis said. Customers from the Eurozone were enjoying a 4.8 per cent discount during the summer, said Challis, but currency movement since the Greek and Irish bailouts has erased any gains. Rents for prime London homes have also risen 28 per cent this year, said research by Primelocation.com, giving owners a better return on investments. Sharecenter_img whatsapp Currency gains boost London housing market Show Comments ▼ Tags: NULLlast_img read more

Deutsche Bank to pay $554m to settle US tax shelter fraud case

first_imgTuesday 21 December 2010 8:38 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content Tags: NULL whatsapp whatsapp DEUTSCHE Bank admitted criminal wrongdoing for taking part in fraudulent tax shelters that let clients hide billions of dollars, and agreed to pay $553.6m (£357.6m) to settle the case, US prosecutors said yesterday.Deutsche Bank said it had already set aside money to cover the fine and that it will not affect profits.The settlement is part of a larger US government effort to crack down on banks that help Americans evade taxes. Prosecutors last year settled with Swiss bank UBS, which paid $780m in fines for helping clients with roughly $20bn in assets hide their accounts from the US Internal Revenue Service (IRS). The Deutsche Bank fine represents the fees the bank earned setting up tax shelters, the taxes and interest the IRS was not able to collect and a civil penalty of $149.8m. Share Show Comments ▼ Deutsche Bank to pay $554m to settle US tax shelter fraud case last_img read more

Taylor Wimpey thanks stabilisation in the US and Canada for higher wins

first_img KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads whatsapp whatsapp BRITISH housebuilder Taylor Wimpey said stabilisation in the US market helped lift 2010 profit and led to several approaches for its North American unit, which is under the hammer.Volumes and margins beat expectations in Canada and the United States, driving group underlying operating profit and pre-tax profit above expectations, the company said yesterday.“Relative to our consensus expectations and our internal forecast, both (the US and Canada) outperformed in the period,” chief executive Pete Redfern said.“I wouldn’t say a recovery quite yet (in the United States), but we certainly saw stabilisation at the back end of the year.”The company is due to report results for 2010 on 3 March.Taylor Wimpey shares closed up 6.7 per cent, helped by the improved guidance, and after it confirmed interest in its North American operations.“We have received interest regarding our North American operations and we are in the early stages of evaluating these approaches,” the company said.Taylor Wimpey put its US homebuilding unit Taylor Morrison on the auction block in November, after the operations were earmarked for disposal to focus on its domestic operations and lower debt. center_img Tuesday 18 January 2011 7:53 pm Taylor Wimpey thanks stabilisation in the US and Canada for higher wins Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Sharelast_img read more