“Commercial Awareness Is Global.”
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By: Ainsley Brown Canadian exports made a sharp jump in September, according to Statistics Canada, cutting the trade deficit in half. The 3.5% upswing is a good sign of the continued recovery in the Canadian economy. Related Posts:Canada, A Third Party In WTO Panel On Chinese Raw Materials Export RestrictionsRussian Central Bank Buys Canadian DollarsResearch In Motion Faces Potential US… Continue reading "Canadian Exports Up"
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By: Ainsley Brown Please, I invite one and all to take a few moments out of your busy day to remember and reflect all our veterans. Remembrance Day is not a celebration of war, nay. It is a celebration of peace, self sacrifice, camaraderie and humanity. In Flanders fields the poppies blow Between the crosses, row on row, That mark… Continue reading "Remembrance Day"
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By: Ainsley Brown The UK taxman is now using YouTube to get its message across. I mean literally the “UK Taxman” – Permanent Secretary for Tax in HM Revenue & Customs (HMRC), Dave Hartnett. And what is his message. Well you guessed it, pay your taxes or else. Yes I know, that’s just a little bit too simplistic but it… Continue reading "UK Taxman Hits YouTube"
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By: Ainsley Brown Credit Suisse has agreed to settle allegations of insider trading in Brazil for R$19.2 million. The fine is the second largest, after the Banco Safra case of 2007, levied on a company by the Securities and Exchange Commission of Brazil – Commissão de Valores Mobiliários (CVM). The offer to settle is substantially more than Credit Suisse’s original… Continue reading "Credit Suisse Brazilian Insider Trading Case Settled"
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By: Ainsley Brown The Russian Federal Customs Service has dropped its $22.5 billion suit against Bank of New York Mellon (BNY), the world’s largest custodian of assets. Yes, you read that correctly that 22.5 Billion with a B. The suit was brought by the Russian Federal Customs Service in 2007 alleging that BNY was at the centre of illegal money… Continue reading "Russia Drops Two Year Legal Battle Against New York Bank"
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By: Ainsley Brown Banks in London, England are set to roll out their living wills by the end of the year. The living wills are a direct consequence of the financial – bank – meltdown experienced in the UK. The pilot scheme is set for a trial run in London before being expanded to the rest of the country will see… Continue reading "London Banks Set To Write Living Wills"
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By: Ainsley Brown A 47 year old former engineer from the Ford Motor Company has been charged with stealing some of the company’s trade secrets. The engineer, a one Xiang Dong Yu, also known as Mike Yu, was charged last week after traveling from China to the US. Mr. Yu is accused of unauthorized computer access; theft, and attempted theft… Continue reading "Former Ford Engineer Charged With Industrial Espionage"
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By: Ainsley Brown Philip Morris – yes that Philip Morris – the tobacco giant is set to sue the Irish government. And, why? The substance of Philip Morris’ claim is that the new Irish law that came into force on July 1 banning the display of cigarettes in stores is anti-competitive. As a public health measure the new law was… Continue reading "Philip Morris Sues Irish Government"
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By: Ainsley Brown PricewaterhouseCoopers (PwC), the administrator for the European outfit of Lehman Brothers, has come up with a ‘Plan B’ to give out $17 billion to creditors. This after the High Court in England rejected a plan by PwC in August that would have freed up over $13 billion worth of assets. The court rejected the earlier plan because… Continue reading "Lehman Brothers’ Europe Administrator Has A “Plan B” For Creditors"
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By: Ainsley Brown How do you enforce a law that doesn’t make clear what is to be enforced? Well, this is the dilemma facing US regulators, namely the Department of Justice, the Federal Reserve and Treasury Department, when the internet gambling law comes into force on December 1. The Unlawful Internet Gambling Enforcement Act of 2006, part of the Security and Accountability For Every Port Act of… Continue reading "US Lawmakers Call For Delay In Internet Gambling Law"