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` European Union offers 15 Billion Euro’s to Ukraine and Yatsenyuk is asking for 35 Billion over Two Years ‘


#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

#AFN2014

` Nakamoto denies he is the creator of `Bitcoin ‘ despite earlier reports ‘


#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.

#AFN2014

` @GSElevator loses his book deal as he goes down to ground level ‘


#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.

#AFN2014

` Crimea `Autonomy within the Ukraine’ will join `Ruble Zone’ if admitted to Russia ‘


#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.

#AFN2014

` European Central Bank leaves `Key Interest Rates ‘ steady with ` Refinancing ‘ rate at 0.25 Percent’


#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 ………………………………………………………………………………….

#AFN2014

` While Americans pay their `Taxes ' Corporations like `Apple ' avoid theirs by moving billions to `Tax Havens '


#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.

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