Expat expert: Potential offshore tax benefits November 18, 2010 Q.WHAT ARE THE POTENTIAL TAX BENEFITS OF BANKING OFFSHORE? A.An attraction of offshore banking could be the opportunity to receive gross interest since interest on offshore accounts is usually paid without the deduction of tax. This may be tax efficient for you, depending on the tax rules in the country where you are resident. There [...]
CITY MOVES | WHO’S SWITCHING JOBS October 20, 2010 RBC Capital Markets The investment bank, part of the Royal Bank of Canada group, has hired Jonathan Guy and Tim Huff as directors in its equity research team, with a focus on mining. Huff, pictured, joins RBC with over 17 years of experience, most recently gained at the Royal Bank of Scotland. Prior to that, [...]
Expat Expert: How to enjoy your golden years November 25, 2010 Q.I AM LIVING AND WORKING ABROAD BUT I WILL WANT TO RETIRE AT SOME POINT IN THE NEXT 10 YEARS. WHAT DO I NEED TO THINK ABOUT? A.The good thing is that you are already thinking about your retirement, which is the first stage in planning and investing for it. As you approach retirement you [...]
Expat Expert: How to enjoy your golden years November 25, 2010 Q.I AM LIVING AND WORKING ABROAD BUT I WILL WANT TO RETIRE AT SOME POINT IN THE NEXT 10 YEARS. WHAT DO I NEED TO THINK ABOUT? A.The good thing is that you are already thinking about your retirement, which is the first stage in planning and investing for it. As you approach retirement you [...]
HSBC claims success as US business returns to profit May 7, 2010 HSBC said today that underlying profits in the first three months of this year were well ahead of a year ago, boosted by a sharp fall in bad debts, especially in the US. Europe’s biggest bank said its bad debts fell to their lowest level for more than two years and the improvement returned its [...]
The pawn king sets his sights on the city January 13, 2011 WITH credit tight, the UK has witnessed a significant increase in pawnbroking in the past few years, with the number of outlets increasing to 1,300 in the UK compared to 2003 when there were just 800. But pawnbroking is no longer the preserve of the shabbier end of the High Street. One of the power [...]
The pawn king sets his sights on the city January 13, 2011 WITH credit tight, the UK has witnessed a significant increase in pawnbroking in the past few years, with the number of outlets increasing to 1,300 in the UK compared to 2003 when there were just 800. But pawnbroking is no longer the preserve of the shabbier end of the High Street. One of the power [...]
No bonus cut at Stan Chart November 25, 2010 EMERGING markets bank Standard Chartered yesterday distanced itself from talks between the UK’s biggest banks over limiting bonus payouts. RBS, HSBC and Barclays are reportedly in discussions with each other and the government over potentially cutting 2010 bonuses as well as lending more to businesses. The UK’s five biggest banks may also contribute up to [...]
Banks hoist FTSE back above 6,000 after a losing streak January 11, 2011 BANKS, lifted by upbeat broker comment, helped hoist Britain’s top share index back above the 6,000 level yesterday as investors shrugged off Eurozone debt worries for the time being. The FTSE 100 index closed up 57.73 points, or 1 per cent, at 6,014.03, snapping a three-day losing streak. Banks were the standout gainers after falls [...]
Banks hoist FTSE back above 6,000 after a losing streak January 11, 2011 BANKS, lifted by upbeat broker comment, helped hoist Britain’s top share index back above the 6,000 level yesterday as investors shrugged off Eurozone debt worries for the time being. The FTSE 100 index closed up 57.73 points, or 1 per cent, at 6,014.03, snapping a three-day losing streak. Banks were the standout gainers after falls [...]