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From 8 to 10 December 2008, the jury heard closing arguments in the KPMG tax shelter case. Raymond Ruble's lawyer Jack S. Hoffinger told jurors that it was impossible to conclude that the defendants purposefully tried to break the law in helping at least 600 wealthy people trim their taxes since they did not try to hide what they were doing ...
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A version of this story first appeared at TKer.co. It’s that time of year when Wall Street’s top strategists tell clients where they see the stock market heading in the year ahead.. The ...
That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so ...
The Russian stock market experienced large declines, with a 30% drop in the RTS Index from the beginning of December through 16 December 2014. During the financial crisis, the economy turned to prevalent state ownership, with 60% of productive assets in the hands of the government. By 2016, the Russian economy rebounded with 0.3% GDP growth and ...
The Stock exchange “Saint-Petersburg” was founded in accordance with requirements of the Federal Law “On Securities Market” on the basis of stock exchange department of CJSC “Exchange “Saint-Petersburg” in April 1997, having received Stock Exchange License No.1 in Russia from Financial Markets Federal Agency.
Market forecasters are generally expecting a more muted year of gains for the S&P 500 in 2025, given the benchmark index's second consecutive year of double-digit returns in 2024.
According to amendments to Russia's budget code inspired by President Vladimir Putin's budget address of March 2007 and passed in April 2007, in February 2008 the Stabilization Fund was supposed to be split into a Reserve Fund, to be invested abroad in low-yield securities and used when oil and gas incomes fall, and a Future Generations' Fund (later renamed the National Wealth Fund), which ...