#AceFinanceNews – BRITAIN – Dec.03 – Well the Chancellor has updated us on the state of the economy since his last statement: Here it is in key points courtesy of BBC UK reporting live. Read More and Share: Editor.
BRITAIN: ‘ GEORGE OSBORNE’S AUTUMN STATEMENT KEY POINTS ‘.
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#AceFinanceNews says that the decision by the European Union to provide massive economic aid to Ukraine comes after the crisis around Crimea began.
Huge figures have been mentioned, the European Commission talks about 15 billion euros. The new Ukarinian government wants more, however: new prime minister Arsenyi Yatsenyuk is asking for 35 billion euros over the next two years.
Meanwhile, few people would argue that the crisis around Crimea was a direct result of the disturbances that have enveloped Ukraine since its failure to sign an Association Agreement with the EU in November last year.
Back then, in November, it was not signed because Ukraine’s president Yanukovich did not secure from the EU that same 15 billion euros in the short term and 35 billion euros over the next two years.
Courtesy of :Dmitry Babich
#AceFinanceNews says that Dorian Prentice Satoshi Nakamoto has denied that he is the creator of Bitcoin, despite an earlier report.
Newsweek claimed Nakamoto is the person who wrote the computer code underpinning Bitcoin.
However, he denied in an interview with AP that he had anything to do with the digital currency. Nakamoto, 64, said he had never heard of Bitcoin until his son told him he had been contacted by a reporter three weeks ago.
Bitcoin has become increasingly popular because it allows people to make one-to-one transactions, buy goods and exchange money without involving banks, credit card issuers or other third parties.
#AceFinanceNews says that the man behind a popular Twitter account that appeared to provide a rare insider look at Goldman Sachs has lost his book deal after revelations the former banker never actually worked at the firm.
Banker John Lefevre gained Internet fame through his @GSElevator account, where he posted dialogue he claimed to have overheard in the elevators of the top global investment firm, angering many at Goldman Sachs and other Wall Street executives.
Lefevre, formerly of Citibank, had remained anonymous for three years, until The New York Times revealed his identity last week.
“In light of information that has recently come to our attention since acquiring John Lefevre’s ‘Straight to Hell,’ Touchstone has decided to cancel its publication of this work,” the division of Simon & Schuster said in a statement.
Goldman responded to the news with some humour. “Guess elevators go up and down,” it posted on its Twitter account.
#AceFinanceNews says that according to latest news from Crimea (autonomy within Ukraine) will join the Ruble Zone if admitted to Russia, the peninsula’s First Deputy Prime Minister Rustam Temirgaliyev told a news conference on today – Itar-Tass
“As a part of Russia we will be in the Russian economic environment and therefore in the Ruble Zone” – he said.
#AceFinanceNews says that the European Central Bank held its key interest rates steady as largely expected on Thursday.
The ECB left its central “refi” or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.
The central bank also held its other two key rates — the marginal lending rate and the deposit rate — unchanged at 0.75 percent and zero percent respectively.
There had been speculation that the central bank might ease monetary conditions in the 18 countries that share the euro given the worryingly low level of inflation.
ECB President Mario Draghi was scheduled to explain the reasoning behind the latest decision at a news conference.
This decision is key to the strategy adopted by the European Central Bankers and will largely prevent inflation rises, but it will eventually lead to a slow down in the economy of the Western Nations. this is due mainly to the huge indebtedness and risk factor in the Asia-Pacific Investment markets.
More soon ………………………………………………………………………………….
#AceFinanceNews says Apple has shifted billions in untaxed profits from its Australian operations to Ireland over the past decade, a report said on Thursday.
The Australian Financial Review obtained 10 years’ worth of financial accounts for Apple Sales International – an arm of the organization it described as the “secretive” Irish company at the heart of the group’s global tax arrangements, AFP reported.
The newspaper said the US tech giant moved an estimated US$8.1 billion in untaxed profits from Australia to a tax haven structure in Ireland, paying just 0.7 percent of its turnover in tax.
Apple in Australia has previously said it has done everything required by the tax office.
#AceFinanceNews says in a world dominated by men this happens Japan’s biggest brokerage Nomura Holdings said Wednesday it has chosen a woman to head its banking arm, in what is believed to be a first for the country’s male-dominated financial sector.
Chie Shimpo, 48, will next month become president of Nomura Trust and Banking, as Japanese Prime Minister Shinzo Abe calls for more women to join the labour force and for companies to bring female employees into the boardroom.
None of the nation’s three biggest banks — Mitsubishi UFJ, Sumitomo Mitsui and Mizuho Financial — have top female executives, according to a government survey.
The central bank, Bank of Japan, has just one woman on its nine-member board.
In an interview last year with a Japanese business on-line magazine, Shimpo dismissed her gender as a factor at the office.
#AceFinanceNews says that the Bank of England has suspended a worker amid a probe into the suspected rigging of foreign exchange trading but added there was no evidence of collusion, it said Wednesday.
The central bank said in a statement that the suspension was linked to an investigation into whether officials “were informed of manipulation in the foreign exchange market or the sharing of confidential client information”.
#AceFinanceNews says that Bitcoin storage site Flexcoin announced Tuesday that it has closed after hackers robbed it of some $600,000 worth of digital currency.
“On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet.
The attacker made off with 896 BTC,” the bitcoin bank said on its website.
“As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.”
The stolen 896 bitcoins come to a loss of around US$600,000, depending on current bitcoin trading value. Bitcoin is not backed by deposit insurance since it is a crypto-currency.
Flexcoin kept bitcoins offline, or in “cold storage,” to remain secure.
Cold storage is separate from a hot wallet, or a bitcoin wallet which is on-line and connected to the internet.
RT News and #AFN2014
#AceFinanceNews says according to latest news Japan is looking at ways to tax Bitcoin transactions, a report said Tuesday, in the wake of the spectacular failure of the Tokyo-based MtGox exchange after a half-billion-dollar theft.
The finance ministry and the national tax agency are studying possible rules that could govern transactions using the digital currency, the Yomiuri Shimbun newspaper said.
Authorities believe purchases made with Bitcoin can be subject to consumption and corporate taxes, even though the unit is not a legal currency, the Yomiuri said without citing sources.
This latest case of irregularities that has lead to an the recent investigation as cites by Reuters in saying Mt Gox, once the world’s largest bitcoin exchange, filed for bankruptcy in a Tokyo district court on Friday, the company’s lawyer citing ‘outstanding debts of $63.2 million, after mysteriously going offline on Monday.
Investors may have lost all of their virtual coins, as the exchange’s computer system was exposed to fraudulent transactions and technical failures. More on this story at http://wp.me/pzTwj-2tk
Has allowed a way for countries to tax Bitcoin transactions and bring them in line with many other the Monetary Systems controls, as was always wanted by the a number of countries.
This latest round of investigations, has only added fuel to the fire.