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Latest Offshore Bank News

Inside bribery probe of Siemens

Australian IT - IN the spring of 2003, auditors for a bank owned by Liechtenstein's royal family spotted an unusual flurry of money transfers involving a small offshore firm called Martha Overseas. Peter Löscher, president and chief executive officer of Siemens ...

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Central bank does not exclude BCP board members of running for ...

CNBC - On Dec 28, the Bank of Portugal said it has opened an investigation on on BCP's links to 17 offshore companies, for which BCP failed to properly report its nature and activities. The Bank of Portugal and stock market regulator CMVM had said previously ...

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French Stocks Advance, Led by Technip, BNP Paribas and Peugeot

Bloomberg - Jan. 2 (Bloomberg) -- French stocks rose, led by Technip SA. Europe's second-largest oilfield-services provider won a contract worth $1.2 billion to help develop an offshore oil field in Angola. BNP Paribas SA, France's biggest bank, and PSA Peugeot ...

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Tax returns: Don't panic!

Daily Telegraph - Your bank may levy a charge if it has to send out an additional statements, but in many cases they will be supply this information over the phone. 4. Don't overlook offshore accounts It is worth re-iterating that it is a criminal offence to ...

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Need to know

Times Online - Bank borrowing The cost of borrowing between banks in Britain dropped markedly as year-end liquidity concerns faded and ... said that its Chinese unit has started a multi-well exploration drilling programme in block 22/12 at Beibu Gulf, offshore China ...

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Chinese banks stretch out global in 2007

China Economic Net - ... domestic banks started expanding overseas by launching initial public offerings (IPO) offshore, acquiring foreign financial institutions and opening overseas branches. Here are the major events in 2007: I. Overseas listing: - China CITIC Bank's dual ...

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Lt-Cdr 'Fuzz' Fyson

Daily Telegraph - ... night of April 1/2 Fyson and his paddler, Lieutenant "Mike" Dawson, RNVR, sat in a flat-bottomed punt about 200 yards offshore ... heavily-loaded assault boats between low-lying islets, but to identify these on his map he had to crawl up a sloping bank ...

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Oslo closes slightly up, helped by higher oil, Marine Harvest, Acergy ...

Forbes - ... energy group Acergy rose, outperforming the market, after it announced winning a contract worth 700 mln usd from Total to help develop an offshore Angolan oil field, traders said. Acergy closed up 2.5 pct at 124.25 nkr. Nordic investment bank Carnegie ...

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China sovereign fund to put $20bn into CDB

Financial Times - In recent years, Beijing injected a total of $60bn into the Bank of China, China Construction Bank and Industrial & Commercial Bank of China, paving the way for them to hold successful offshore initial public offerings. The recapitalisation effort is ...

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BJ's Wholesale, Intel, Starbucks, YRC: U.S. Equity Movers Final

Bloomberg - Semiconductor makers fell after Bank of America Corp. cut its recommendation on Intel Corp. (INTC US), the biggest computer ... The U.K.-based energy-services company won a $700 million contract from Total SA (FP FP) to help develop an offshore oil field ...

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