eNewsWire

The CEO of H.F. Securities firm in Iceland, Andri Gudmundsson, recently spoke with Bloomberg about Iceland’s current economic climate and the Investment Programme which has been implemented in order to ease off capital controls imposed in 2008 after the financial collapse.

According to Gudmundsson, investors in Iceland are being heavily affected by the capital controls imposed by Sedlabanki Islands (The Central Bank of Iceland). Today, investors with about USD 3 billion backed up in ISK assets now face delays in exiting their holdings as steps to ease the restrictions by 2015 show signs of faltering. Read more…

Nationally recognized public accounting firm Morrison, Brown, Argiz & Farra, LLC (MBAF) today announced the promotions of members of the firm’s marketing department. Hortensia Sampedro Hacker, who previously served as the Director of Marketing, has been promoted to Chief Marketing Officer. The firm also announced Carolina Argiz Orozco has been promoted to Marketing and Business Development Manager, and Jennifer Valdes and Valeria Sanchez have been promoted to Associate Marketing Managers. The announcements were made by Chairman and CEO, Tony Argiz.

“MBAF’s marketing department works diligently to help the firm expand our presence nationally, provides our principals and staff across the country with the tools to work better together, and keeps our clients informed of the latest financial and accounting news affecting their industries,” said Argiz. “Hortensia’s impeccable work ethic and deep industry knowledge, coupled with the marketing team’s dedication to the firm, help add great value to the work we do every day, and I congratulate the team on their new roles.” Read more…

Mobile contactless payments are to begin in Iceland as part of a new collaboration between the leading cross boarder acquiring solutions provider Valitor, Oberthur Technologies, and Visa Europe.

As part of the project, Orberthur Technologies’ SIM card products will be utilised to offer integrated support for NFC (Near Field Communications), in order to power the mobile contactless payments. Read more…

After taking the lead on the French market of online financial recruitment, Dogfinance is now intending to strike at a huge market : the United Kingdom.

Dogfinance.com is a social network specialised in finance which has brought 66,000+ members together and has recorded 200,000+ visits per month so far. Dogfinance is made up of three concepts: recruitment, the professional social network and the information network with a very active news section. Read more…

Valitor, a leader in cross-border card payment services and international merchant acquiring, recently achieved comprehensive PCI DSS (Payment Card Industry Data Security Standard) security validation. The company has already achieved ISO 27001 certification for all of its operations and together, these two security standards form a sound foundation on which to build the company’s security affairs for the future.

With card fraud becoming one of the most common crimes in global financial systems, card information security continues to be under attack from criminals. Due to this, international payment card companies now require all companies that handle, store, send or accept payment card information to operate in accordance with the requirements of the PCI DSS. Read more…

MBAF ERE further expanded its audit capabilities by hiring Eric P. Lerner, CPA, as a director in the Audit Department. Lerner will join the firm’s New York City office.

Lerner has more than 32 years of experience in the accounting field and is a respected forensic and litigation specialist. His knowledge encompasses expert witness testimony, accounting arbitrator for final purchase price and related working capital adjustments, calculation of damages, dispute resolution, forensic and fraud investigations, fraudulent conveyances, lost profits analysis, malpractice defense and reconstruction of document records. Read more…

The Dubai branch of the online Danish investment bank, Saxo Bank, will be announcing the winner of its investment and trading competition for business students tonight (20^th September) at the Trading Options Lecture. The event, organised with Manchester Business School (MBS) Middle East Centre, is held at 6:30 pm at the Arjaan Hotel Conference Centre, Media City, Dubai.

Competitors were provided with a demo account of Saxo Bank’s award-wining platform, SaxoTrader, and $100,000 in virtual money to invest in the capital market in any of the Saxo Bank products ranging from Contract Futures, stocks, FX Spot, FX Forwards, FX Options, CFDs, CFDs on Indices and CFDs on Futures. Read more…

Approximately €250 million will be invested in the central business district of Copenhagen as part of a joint venture between Saxo Properties and Resolution Property. The investment will target residential and mixed use, residential and commercial buildings which will benefit from the application of intensive asset management, including refurbish­ment and the repositioning of occupiers.

The new venture is expected to have a life of three to five years with the emphasis on income growth and capital gains. Saxo Properties is well positioned to identify off market opportunities, and implement an asset management programme of improvements resulting in significantly enhanced returns for investors. Read more…

Geneva, Switzerland, July 20, 2011 – ST-Ericsson, a joint venture of STMicroelectronics (NYSE:STM) and Ericsson (NASDAQ:ERIC), reported financial results for the second fiscal quarter ending July 2, 2011.

“The lower second quarter revenue was substantially in line with our expectations,” said Gilles Delfassy, president and CEO of ST-Ericsson. “In the quarter we saw legacy product sales decline again sequentially contributing to a wider operating loss; however, we saw revenue from new products grow over the prior quarter, reaching about 45 percent of total sales.

“Our high-speed Thor(TM) modem revenue grew more than 20 percent sequentially as new HSPA+ phones continued to ramp in the market. Also in the quarter we delivered first samples of our Thor M7400 LTE modem and conducted field trials on our NovaThor(TM) U8500 platform with several customers. We are very pleased with our increasing progress on the NovaThor U8500, although initial volumes will be somewhat lower due to reduced demand at certain customers. Read more…

NEW YORK, June 16, 2011 - The Tax & Accounting business of Thomson Reuters today announced it has been granted a U.S. Patent for its Universal Tax Determination Engine (UTDE).  The patent for invention number 7,933,803, part of the ONESOURCE Indirect Tax solution, provides centralized control of tax policy and data driven tax determination for sales, use, and value added tax (VAT).

“This patent validates our innovation and leadership in developing indirect tax solutions for global companies of all sizes,” said Eric Ruud, SVP and general manager of ONESOURCE Indirect Tax, Thomson Reuters.  ”With today’s increasingly complex and competitive market, the most successful businesses will be those that leverage their intellectual property to give customers the assurances they are looking for when buying technology-based products and services.” Read more…

The latest technologies in accounting software for business are emerging from online accounting software providers. Online accounting software has made it easier for bookkeepers, accountants, and business owners alike to access their business accounts from anywhere in the world.

These accounting and bookkeeping software features provide full control of your business accounts or those of your clients. Financial information can be accessed in a format that suits you and your business. Read more…