Новости

Greece will more likely than not leave the Eurozone, pushing ? down to $1.1

Greece is balancing on the edge of default and will spend the next month awaiting new parliamentary elections. Economics have little doubts that the country’s days in the Eurozone are almost over and place their bets on how exactly will Greece leave it.

Facebook Inc. IPO will be 25% bigger

Mark Zuckerberg’s Facebook Inc. will increase its IPOs for 25% - which means that it will propose its investors 84.6 million more than planned initially. In other words, as part of its IPO to take place three days from now, the company is going to sell 422 million securities instead of initially planned 337.4 million.

SEC Recommends Changes in Accounting for Derivatives

The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments.

“Get the basics right” ICAEW tells EU

According to the ICAEW, many EU member states have not got the capacity or capability to implement international reporting standards.

OECD targets tax avoidance in developing nations

The Organization for Economic Cooperation and Development has launched a new initiative, Tax Inspectors Without Borders, to support developing nations to close tax loopholes and improve the effectiveness of their tax regimes.

Investors withdraw money from Russia

Once again, Russia’s not the most favorable place to hold investments at. This follows from the EPFR Global report. Foreign funds - previously oriented towards investments into the country’s economy - have withdrawn almost 190 million dollars within the last week.

Direct investment funds will remain optimistic within the next 12 months – E&Y

Governance boards of DIFs (direct investment funds) remain optimistic in respect to economic perspectives on regional and global levels. On that informs the latest E&Y’s report “The Capital Confidence Barometer”.

Moving up the audit food chain

Last week’s review by the reporting watchdog's audit inspectors of the audit work of four mid-tier firms was largely positive, yet there were enough criticisms to leave the results open to interpretation.

No immediate punishment for MICEX-RTS failures

MICEX-RTS employees directly responsible for the unprecedented failure of 23 April won’t be either dismissed or fined. It is possible that at the end of the year they will get smaller bonuses, but again – this will all be decided by the stock exchange’s governance.

The Accounts Chamber of Russia will work under international standards - promised its chief

Head of the Accounts Chamber Sergei Stepashin announced that the organization under his control had prepared a new version of the draft law on financial supervision and control which would allow it to work under international standards.