Offshore Banking

Outsourcer Cognizant Reports Revenue, Profit Growth

Outsourcer Cognizant Reports Revenue, Profit Growth
Outsourcer Cognizant Technology Solutions has reported strong revenue and profit growth for the quarter ended Sept. 30, as outsourcers benefit from demand that had been pent up during the recession.

Read more on PC World via Yahoo! News

Gold Seeker Closing Report: Gold Falls Slightly While Silver Climbs To A New 30-year High

Gold Seeker Closing Report: Gold Falls Slightly While Silver Climbs To A New 30-year High
Gold rose as much as $8.90 to as high as $1365.40 in early London trade, but it then fell back off for most of the rest of the day and ended near its late morning low of $1348.70 with a loss of 0.4%. Silver climbed to as high as $25.04 in Asia before it also fell back off for most of trade in New York , but it still ended with a gain of 0.12% and made a new 30-year closing high.

Read more on GoldSeek.com

Participatory notes see a resurgence

Participatory notes see a resurgence
Investments through participatory notes (PNs), which have been hovering at around 14 per cent of the assets under management of foreign institutional investors for the last few months, are set to see a sharp spike when the market regulator announces the final figures for October.

Read more on Business Standard India

THE WEEK AHEAD

THE WEEK AHEAD
A slew of international data will be closely watched in the week ahead – but not as closely as the RBA’s interest rate decision on Tuesday. 30 Oct 2010 12:04 AM

Read more on Business Spectator

U.K., Swiss to Discuss Tax on Offshore Bank Accounts

U.K., Swiss to Discuss Tax on Offshore Bank Accounts
The U.K. and Germany plan to negotiate withholding taxes with Switzerland that will raise revenue from offshore Swiss bank accounts while keeping client identities secret.

Read more on BusinessWeek