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Monday, July 8, 2013

Reuters Money: Compliance deadlines loom for U.S. global tax evasion law

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07/8/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Compliance deadlines loom for U.S. global tax evasion law
WASHINGTON/HONG KONG (Reuters) - In one week, the United States is scheduled to begin registering foreign financial firms with U.S. customers for a new anti-tax evasion law, despite industry lobbying to secure another implementation delay.
For gay couples, divorce equality is also a trial
(REUTERS) - Gay couples rejoiced last week when the Supreme Court struck down the Defense of Marriage Act (DOMA) and cleared the way for federal recognition of same sex-marriages.
Firms tap alums to offer cheaper student loans
NEW YORK (Reuters) - Student borrowers are so often underemployed after graduation, they have a hard time paying back their loans and building a good credit history, so they get saddled with high interest rates.
A cruel, cruel summer for U.S. credit funds
NEW YORK (Reuters) - It's shaping up to be a brutal summer for bond investors as the bloodbath in the U.S. credit market shows no signs of letting up, even as nearly $80 billion has already been wiped from funds.
Bond funds worldwide gain $2.11 billion after record outflow
NEW YORK (Reuters) - Global investors committed $2.11 billion to bond funds in the latest week after pulling a record $23.3 billion out of the funds the prior week, data from EPFR Global showed on Friday.
Steady U.S. job gains to keep Fed's focus on tapering
WASHINGTON (Reuters) - U.S. job growth probably slowed in June, but not enough to shift the Federal Reserve away from expectations that it will start scaling back its massive monetary stimulus later this year.
Why higher U.S. yields should cheer investors
LONDON (Reuters) - Rising U.S. bond yields should embolden, not spook, investors as they reflect improving growth and increase the allure of assets that most benefit from an economic upturn.
How to prepare for a video job interview
(Reuters) - Discussing your qualifications for a new job via a video interview sounds easy enough and even appealing. No worrying if your palms are clammy when you shake hands, since you won't be shaking hands. You don't have to travel farther than your own home. As long as you look presentable from the waist up, you could even skip a shower and interview in sweatpants.
Summer reading picks for financial advisers
(Reuters) - As people head for vacations this holiday week, we asked five financial advisers to recommend books suitable for the beach but still relevant to the wealth management industry.
SAC's Cohen seen avoiding criminal charges by July deadline: WSJ
BOSTON (Reuters) - U.S. prosecutors do not have enough evidence to file criminal insider trading charges against hedge fund manager Steven A. Cohen before a July deadline, the Wall Street Journal reported on Thursday.
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