Israeli court rejects Fatca lawsuit
Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.
US
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SEC fines two advice firms over client fee disclosure
The US Securities and Exchange Commission has settled charges against two investment advice firms after some clients were unaware that they were being charged more than the single fee they were paying for investment services.
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Improving Chinese economy should keep EM calm – Kames
An improving Chinese economy should keep emerging markets calm and means that emerging nations are better placed to absorb a tightening of rates in the United States, according to Scott Jamieson, head of multi-asset at Kames Capital.
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US equities: If you can’t beat them, join them
European investors have been dismissing US equities as too expensive for a couple of years. But as the S&P 500 continues to outperform other equity markets, appetite for the asset class is again on the rise.
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US claims anti-money laundering policy is ‘not zero tolerance’
The US Treasury has sought to soften the perception of its enforcement of an anti-money laundering (AML) regime against international banks, by emphasising that its policy is not one of “zero tolerance”.
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ANALYSIS: Is Japan’s third arrow about to hit the mark?
With other major equities classes all having their own significant question marks, could the long awaited ‘third arrow’ finally be about the make Japan the best place to invest?
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Axa wins landmark US court case over ‘exorbitant fees’
Axa has won a landmark court case in the US against investors who accused the French insurer of charging excessive fees on variable annuity products.
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Former US baseballer becomes unlikely financial adviser
Controversial former US baseball star Jose Canseco has developed something of a cult following after several of his contrarian market predictions have come true.
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Greater disclosure requirements for US investment advisers
Investment advisers in the US will need to provide more information to the Securities and Exchange Commission (SEC) as the regulator steps up its monitoring of the asset management industry.
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Campaign group calls for Fatca exemption for US expats
American Citizens Abroad (ACA), a campaign group for US citizens living overseas, has called on the US Treasury Department to amend Fatca regulations which would allow US expats to hold bank accounts exempt from the stringent reporting standards.
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US Olympic, Paralympic winners may get victory tax reprieve
US athletes could be on track to see their Olympic and Paralympic gold, silver and bronze medals shine more brightly with Congress expected to make tax breaks for winners a ‘top priority’, according to media reports.
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SEC charges former pro US footballer over $10m Ponzi scheme
A former professional American football player has been charged by the US Securities and Exchange Commission for running a $10m (£7.7m, €9m) investment fraud that promised returns as high as 20%.