Glencore (OTCPK:GLCNF, OTCPK:GLNCY) says it has identified material weaknesses in the internal controls for financial reporting at its majority-owned Katanga Mining subsidiary. However, Glencore says the review will not have a material impact on its consolidated income or cash flow, and there will
See Original Article

The prospect of blockchain technology remaking financial services just moved a step closer to reality after banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co. completed a successful six-month test in the $2.8 trillion equity swaps market.
See Original Article

There's word that the Japan Fair Trade Commission will approve of Qualcomm's $38 billion buyout plan for NXP Semiconductors and that the European Commission could rubber-stamp the deal before the new year, according to a Reuters source.
See Original Article

Middle-market businesses are demanding an ever-wider range of services from their accountants as they take advantage of low interest rates to expand, according to one mid-tier firm. Pitcher Partners has seen a strong increase in client interest in areas such as corporate finance, investment advisory,
See Original Article

Here at home, one independent agency, the Securities and Exchange Commission, oversees other agencies with regulatory power like the Public Company Accounting Oversight Board (or “PCAOB”). The PCAOB was created by the Sarbanes-Oxley Act in 2002 (or “SOX”) to regulate the auditing
See Original Article