isle of man targets asian region
The Isle of Man government is building its commercial ties with Singapore by opening a representative office in the country’s central business district.
Regions
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fatca partnership not unlike eusd
A FATCA partnership with the US may not be as frightening as it may sound at first to those in Guernsey and similar other smaller jurisdictions, a KPMG Guernsey tax expert says, noting that, in terms of scope and commitment, it could be relatively similar to the EU Savings Tax Directive (EUSD).
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guernsey bank deposits fall in q4 year
Total deposits held with Guernsey banks at the end of December fell almost 6%, or by £6.7bn, from the end of September, and 3.1% from a year earlier, as two banks surrendered their licences and the low interest rate environment continued to put people off of keeping money on deposit.
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standard chartered sees strong profits jump
Standard Chartered has reported a double digit increase in annual profits, fuelled by the fast growing markets of Asia, the Middle East and Africa.
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deutsche and guggenheim discuss deal
Deutsche Bank has entered into exclusive negotiations with US-headquartered financial services firm Guggenheim Partners, regarding the sale of several parts of its asset management division.
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guernsey looks at fatca partnership with us
Guernsey’s income tax authorities are looking at whether the island should join the UK, France, Germany, Italy and Spain by joining forces with the US to exchange information on individuals with accounts within its borders, a Guernsey newspaper reported yesterday.
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guardian wm opens in hk and plans asia push
Advisory firm Guardian Wealth Management has opened an office in Hong Kong, and intends to launch further operations in Malaysia, Singapore and mainland China.
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38 percent of mideast advisers positive on 2012
Financial intermediaries in the Middle East are relatively cautious about the outlook over the next ten months, with just 38% of some 207 surveyed by Invesco on 1 Feb saying they had a positive view on prospects for growth this year.
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hk plans for insurance comp scheme worry industry
Hong Kongs insurance industry is fuming over government plans to implement a compensation scheme that would pay policyholders in the event that an insurer were to collapse, the South China Morning Post said today.
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gam to acquire arkos capital
Fund group GAM has announced plans to purchase Arkos Capital, a Swiss long/short investment firm with CHF664m in assets under management.
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latam growth means opportunities says state street
BMCCP may not as easy to pronounce as BRIC, but the prospects for growth in Brazil, Mexico, Chile, Colombia and Peru are nonetheless significant, according to a just-released State Street report on Latin America.
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lloyds tsb international closes hong kong office
Lloyds TSB International has closed its representative office in Hong Kong as part of a strategy to only focus on geographies where it believes it can build scale.