Spain v Government of Gibraltar and United Kingdom hearing on tax next week
Spain will challenge Gibraltar’s right to institute a more lenient tax regime than the UK next week
Regions
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70% lump sum QROPS called into question by Fedelta
The validity of claims investors can withdraw up to 70% of their pension has been questioned.
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Tiny Singapore excels in global rankings
Helen Burggraf considers the rise and rise of Singapore as a global financial centre.
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International sales boost Friends Provident’s results
A resurgence in consumer confidence in key overseas markets boosted Friends Prov’s 3rd Q results.
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Dubai FSA proposes financial promotion restrictions
The DFSA has announced plans to introduce regulation which will widen restrictions on promotions.
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Asian sales boost Prudential third quarter results
Robust growth in its Asian division boosted sales and profit in the third quarter, the Pru said.
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Standard Chartered to hire 4,000 in SE Asia
Standard Chartered plans to hire up to 4000 staff in South East Asia over the next two years.
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Julius Baer granted licence in Hong Kong
Julius Baer has been granted a licence by the Hong Kong Monetary Authority.
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Guernsey and Shanghai sign memorandum of understanding
The Guernsey government has signed a memorandum of understanding with Shanghai.
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Jersey Finance reports strong growth in Asian listings
Opening an office in Hong Kong last year has significantly increased bank and corporate listings.
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Channel Islands financial services jobs down, paced by losses in Jerseys banking sector
Jesey and Guernsey’s financial services sectors lost jobs in the year to the end of June.
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Munro promoted to HSBC AM Asia Pacific CEO
HSBC Global Asset Management has appointed Joanna Munro as its new CEO for the Asia Pacific region.