Isle of Man budget holds line on taxes, spending
Isle of Man treasury minister Anne Craine yesterday unveiled a tight budget.
Industry
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Investment advice under IMD is a crime, says report
IFAs advising on investments under the IMD could face criminal charges, claims AES International.
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Jersey, IoM to keep zero-10 by tweaking tax codes
Jersey and the IoM are to maintain their zero-10 corporate tax regimes by altering their tax codes.
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Tech bulls return as managers rotate equities and dump EMs
A new BofA Merrill Lynch fund manager survey reveals “very strong” levels of rotation among equities
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Japan plays third fiddle to China and US
Japan has fallen behind China as the world’s second largest economy following a Q4 GDP contraction.
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New partnership for FEIFA, Standard Bank Offshore
FEIFA has agreed a partnership arrangement with Standard Bank Offshore.
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Henderson appoints new head of Asian property
Henderson has appointed Tim Gibson as head of property equities, Asia.
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Investec adds to emerging market debt range
Investec AM has added two EM debt funds to the range last augmented with a launch in December.
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GLG launches Ucits-compliant version of US hedge fund
GLG has launched a Ucits III version of its Cayman-domiciled North American Opportunity Fund.
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Iveagh launches six risk-rated global funds
Iveagh has launched six multi-asset funds for managers John Ricciardi and CChris Wyllie.
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Singapore IFA fined S$5,000 for client disclosure breaches
A Singapore IFA firm, Affinity Financial Consulting, has been fined S$5,000 by the MAS.
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Qatar Central Bank explains ban on conventional banks offering Islamic products
The QCB has explained the rationale behind its new ban on conventional banks’ Islamic operations.