Austria is now in the midst of forging an agreement to provide other EU countries data swaps to crack down on tax evaders.
Sectors
Proposed Legislation to Complicate Bank Operations
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
New Agreement Results to a Fully Integrated Micro Solution for BD Diagnostic
BD Diagnostics inks a distributor agreement with Bruker Daltronics Inc. In an announcement it was disclosed that BD Diagnostics inked an international distributor agreement with Bruker Daltonics Inc.
Brazil's Vale to Leave Argentine Potash Project
Vale SA obtains clearance to leave Rio Colorado mining project. On Friday, a company spokesperson told Reuters that the Vale SA, a global miner, has already inked an agreement with the government of Argentina allowing them to quit from US$6 billion Rio Colorado potash mining project.
The deVere Group Opens Shop in Cayman Islands
The deVere Group opens its offices on the Cayman Islands. The deVere Group has recently announced the establishment of its regional office in the Cayman Islands as a signal to its presence in the area.
Latest News
MBIA engages the law firm of Weil, Gotshal and Manges on ways to avoid rehabilitation of its structured finance business unit.
Valeant Pharmaceuticals is in discussion to acquire Actavis for about US$13 billion. Valeant Pharmaceuticals International Inc, the largest publicly listed drug maker in Canada, is in discussion to purchase generics pharmaceutical firm Actavis Inc for US$13 billion.
Vodafone shareholders, should the US$100 million bid be offered, wants to either merge with Verizon Communications.
PIMCO's head of credit portfolio management is seeking to acquire investments and loans that have high risk but provide high returns.
CBRE announced a 12% profit realized from increased revenues from global property sales demand surge.
Recent research indicate US investors are again looking to snap up real estate ventures and investments located overseas.
SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.
Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
