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News & Updates

December 8, 2014 Big four Aussie banks face shake-up

New Zealand Herald - Murray, a former Commonwealth Bank boss and îFuture Fundî chairman, was last year charged with undertaking the biggest health check of îAustraliaî's financial system since the 1997...

December 8, 2014 Japan’s economy worse than initially reported

Source: MarketWatch

TOKYO — Japan’s economy contracted for the second straight quarter in the July-to-September period, revised data released Monday showed, serving as a bitter reminder to Prime Minister Shinzo Abe that the nation’s economy remains...

December 5, 2014 Sub-$50 Oil Surfaces in North Dakota Amid Regional Discounts

Source: Bloomberg

Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there. Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 28, according to the...

December 5, 2014 Minimum wage fight hits the streets of 190 U.S. cities Thursday

Source: Reuters

U.S. fast-food workers and supporters marched for higher pay in Chicago, Milwaukee and Boston on Thursday as demonstrations advocating for a $15 minimum wage and other labor rights in about 190 cities began around the United...

December 5, 2014 Europe’s Top Banker Again Hints at More Stimulus in Future

Source: NY Times

FRANKFURT — Mario Draghi wanted everyone to understand on Thursday that the European Central Bank was determined to honor its prime directive: keeping inflation, now dangerously low, in check.

December 4, 2014 Gold struggles to stay above $1200

Resource Investor - The Dollar Index climbed 0.33% this week to 88.647 on Tuesday, the highest level since mid-2010. The S&P 500 Index was flat this week while the Euro îStoxxî 50 Index was down 0.34% after...

December 4, 2014 6 Charts That Illustrate Vladimir Putin's World of Pain

Source: Bloomberg

It's not a good time to be Vladimir Putin. Faced with collapsing oil prices and sanctions from the west, the Russian economy is on the verge of going into recession. The ruble is collapsing, inflation is spiking, and the Russian...

December 4, 2014 U.K. Plans New Taxes on Banks, Multinationals

Source: Wall Street Journal

U.K. Treasury chief George Osborne announced new taxes on banks and multinationals to help him plug a hole in Britain’s public finances that remains stubbornly large despite faster economic growth and almost five years of...

December 4, 2014 Sustainability: How CPAs Can Benefit

Source: Accounting Today

Sustainability, eco-friendly business models, and the continuing integration of environmental matters into business operations is a hot topic of conversation and debate in business media. One high-profile example of...

December 4, 2014 Obama to CEOs: Let’s work on wage growth

Source: Omaha.com

Citing 60-year high corporate profits, President Barack Obama told CEOs Wednesday he wants to engage them on “some tricky questions” about how to overcome stagnant wages in the face of business successes and a rising stock market.

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