UBS said on Wednesday morning it would pay a $342 million fine for its involvement in manipulating the foreign exchange market, averting criminal prosecution as a result of its cooperation in the multi-year probe. The Swiss banking giant, however, will plead guilty to one count of wire fraud for its role in manipulating interest rate benchmarks such as LIBOR, paying a $202 million fine, and tearing up a previously agreed 2012 deferred prosecution agreement with U.S. regulators.
The collective $545 million in fines and guilty plea will help UBS put to rest some of its largest legal issues in the United States and won’t have a financial impact given the bank’s exiting provisions for litigation.
UBS’s cooperation in the regulatory probes into foreign exchange market manipulation appears to have helped the bank avert new criminal charges for its trading activity. The Department of Justice will not fine UBS for its FX market activity and it will be given conditional immunity from prosecution by the regulator’s antitrust division.
Enterprise Florida is
pleased to partner with the World Trade Center Miami and the Florida
Chamber of Commerce in celebration of Florida World Trade Month 2015. World Trade Month
events are being held all over the United States and throughout Florida
during the month of May. The goal is to educate and inform U.S.
businesses about the resources available to help them do business
overseas and the impact that exporting can have on their bottom-line.
Explore and join events happening in your community and around the
state and then contact Enterprise Florida to learn more about the
programs and services that we offer to help companies like yours.
The 2015 Panama International Boat
Show will be held at the Flamenco Marine which is conveniently located
in downtown Panama City. This event is designed to showcase marine
accessories and equipment as well as a selection of pleasure
boats,superyachts and more. According to the 2014 U.S. Department of
Commerce's Pleasure Boat International Resource Guide, the pleasure
boat market has significantly grown in the last seven years as a result
of the dynamism of the Panamanian economy. U.S. boat products are in
high demand and the market offers many opportunities for U.S.
A limited number of Enterprise Florida Target Sector Trade Event Grants
are being made available, on a first-come, first-served basis, to
qualified Florida companies. Florida exhibitors will also have the
opportunity to meet with U.S. Department of Commerce staff at the show.
Enterprise Florida at the premier logistics trade show in Europe and
the Mediterranean: 17th Salón Internacional De La Logística Y De La
Manutención. This must-attend logistics event offers networking,
business contacts and knowledge through the international congress of
logistics leaders. As the international point of reference where all
logistics sectors are represented, SIL 2015 acts as a bridge for
business between Europe, the Mediterranean, Africa, and the Americas.
Every sector of the supply chain participates in Círculo Logístico. The
Círculo Logístico is the exclusive space dedicated to Logistics
Managers. Enterprise Florida has secured space for a limited
number of booths for a Florida Pavilion. Individual booths are being
offered for Florida companies to co-exhibit within the pavilion. Price reduced for turnkey
booths! Also, Enterprise Florida will offer a catalog option for
companies interested in direct marketing by an Enterprise Florida
representative at the show. Deadline to register extended to May 19,
Paris Air Show 2013 was one of the
most successful shows in the history of our program and this year’s
show holds promise for even greater success. To capitalize on the
momentum of that success and provide even more exposure for Florida and
our exhibitors we have decided to enhance the size, visibility and
services of the Pavilion.
Grants are available to help offset your exhibition cost in this show.
Please let EFI know if you wish to receive more details on this
ExpoPack Mexico 2015 is projected to
feature 26,000 customers/buyers from over 30 countries. In 2014
packaging professionals traveled from 29 out of 32 Mexican states,
including buying groups from the Mexican states of Queretaro, Puebla
and Guanajuato. International buyers attended from Argentina, Colombia,
Costa Rica, El Salvador, Guatemala, Peru and Venezuela. Attendees
include packaging and processing professionals from a wide range of
industries, including food, beverage, pharmaceutical, personal care, graphic
arts, chemical, electronics, textiles and automotive.
This is a great opportunity to get your packaging systems in front of a
diverse group of buyers from many market sectors and countries. There
is limited spaces available. Enterprise Florida’s office in
Mexico will be available to assist with company promotion as well as
meeting agendas and appointment scheduling.
Grants are available to help offset your exhibition cost in this show.
Please let EFI know if you wish to receive more details on this
Thailand 2015 offers global players the ideal business platform to
showcase products, solutions and services as well as to keep abreast of
new technological improvements and developments for the region’s
flourishing medical and health care industry.
Medical Fair Thailand 2015 will present three new dedicated platforms
in the areas of: Information and Communications Technology (ICT) in
Healthcare, Biomedical Sciences and Pharmaceuticals, and Rehabilitation
Care. Medical Fair Thailand will also include a series of insightful
conferences, discussion forums and workshops presented by key thought
leaders and industry leads from the global healthcare and medical
A limited number of reimbursable
Trade Grants are available to qualified Florida companies to help enter
and expand global sales in Asia. Target Sector Trade Grants will cover
100% of a trade show booth up to $7,500. Please CLICK HERE for more information.
Enterprise Florida is coordinating
the Florida presence at GITEX Technology Week in Dubai (October
18-22,2015). Florida companies from the information technology and
communication sectors are invited to exhibit their products and
services at this international fair, considered to be the business
gateway to the Middle East, North Africa and South Asia Region (MEASA).
Since its inception in 1981, this annual show has focused on providing
exhibitors with a high ROI through direct business opportunities with
decision makers. It attracts more than 143,000 ICT professionals from
150 countries and is organized in twelve sectors: Software Solutions,
Hardware Solutions, Network and Security, Office Automation, Card Tech,
Government, Gulfcomms, Cloud Computing, Big Data, Digital Marketing,
Consumer Tech, Mobile Apps and Content World.
Trade Grants are
available to help offset your exhibition cost in this show. Please let
EFI know if you wish to receive more details on this opportunity.
The Broward County Office
of Economic and Small Business Development invites you to join us for a
special seminar series on the key steps to exporting. The seminar will
take place during the Global Trade Chamber Export-Import Convention .
We will demystify the process together and see why exporting can be a
key to your company’s future success. The seminar will also introduce
you to Broward County’s local, state and federal resources for
international trade. All industries are invited to participate. For
more information contact Paola Isaac Baraya, firstname.lastname@example.org; 954-358-7894.
2015 South Florida Logistics & Trade Conference is the third annual
forum for discussion and networking. This conference is designed to
bring together industry stakeholders and leaders from all modes of
transportation, academia, government, and economic development to
discuss logistics as a sector in South Florida. Keynote Speakers include: Secretary
Jim Boxold, Florida Department of Transportation, Bill Johnson,
President & CEO, Enterprise Florida, and Tamara Lundgren, President
and CEO, Schnitzer Steel Industries; and Chairman of the Board of
Directors, U.S. Chamber of Commerce.
May 16-21, 2015 Egypt, Jordan,
Israel (Optional West Bank)
The United States
Department of Commerce (USDOC), International Trade Administration, is
organizing a healthcare equipment, services, and technologies business
development mission to Egypt, Jordan and Israel, with an optional stop
in the West Bank, taking place May 16–21, 2015. Ken Hyatt, the Deputy
Under Secretary of the USDOC International Trade Administration, will
lead the mission giving participants a higher level of access to
government officials and decision makers. The purpose of the mission is
to introduce representatives from U.S. firms and related trade
associations to the region and to promote exports of U.S. healthcare
products and services. Delegates will receive market briefings and
participate in customized meetings with prospective partners. Companies
may also participate in a stop in the West Bank city of Ramallah at an
May 21, 2015 Webinar - 2:00
p.m. EST/11:00 a.m. PST
biggest challenge of having a strong dollar is U.S. exports become more
expensive for buyers in other countries. However, a strong dollar won’t
last forever nor does it have to hurt your exports. Dave Archer, President
of Export Builders, will review the best ways to adjust your sales
strategy in response to the stronger dollar. Curt Hanson, Principal
with the Trade Acceptance Group, will then review the best possible
trade finance solutions designed to make it easier for your foreign
clients to continue to do business with you; including working capital
loans, currency hedging, trade credit insurance options, EXIM Bank
programs and more. Register today for this complimentary webinar,
brought to you by NMMA in conjunction with of our strategic partners at
the US Department of Commerce.
zero corporate taxes, 100% foreign ownership, no restriction on
repatriation of capital or profits, no exchange risk, low operating
costs, and a well-educated, bilingual work-force, Bahrain is open for
business! Mrs. Rose Sager, Trade Representative, Embassy of the Kingdom
of Bahrain, will provide an overview of the opportunities the market
has to offer.
Join us at the Port of
Tampa the afternoon of this coming May 28 for the 2015 Florida-Korea
Summit, our regular statewide gathering of Florida-Korea business,
education, tourism, and cultural leaders for info exchange, networking,
and to renew existing or develop new friendship ties. This year’s
summit will include opening remarks by Florida Secretary of Commerce,
Mr. Bill Johnson, a keynote address by the Honorable Seong-jin Kim,
Consul General, Consulate General of the Republic of Korea in Atlanta,
expert panelist presentations on Florida-Korea linkages and ties, a Q
& A session and an Asian business networking reception immediately
following the summit program. For more details click here.
The Florida SBDC Fort Lauderdale will be offering its 2015
International Trade Certificate Program every Tuesday and Thursday
starting on May 28th and ending on June 18th. The program will consist
of seven sessions from 4:30pm- 8:30pm each evening including dinner. If
you own a successful business and want to explore potential
international markets or an exporter looking to enhance your knowledge,
then this program is right for you. This program is accredited by
National Association of Small Business International Trade Educators
(NASBITE). Attendees will receive a certificate from the SBDC upon
completion of the training. In addition, this program prepares
attendees to become Certified Business Global Professionals (CGBP).
Registration deadline is May 22, 2015. Contact Parbatee Chang at email@example.com for more information.
The Water Expo is the
only trade show and conference based in the USA targeting domestic and
international major markets at the same time, like East USA, Florida,
PLUS Latin America & the Caribbean. The event showcases
cutting-edge technologies, services, know-how & education in 2
editions in 2015: Spring on June 2 & 3, serving Irrigation &
Groundwater and Fall on Sept 15 & 16 serving Water Quality, Supply
& Waste Water. For complete information visit www.TheWaterExpo.com. Contact: Jose A Garcia
at mail@TheWaterExpo.com or call 305.412.EXPO
France was South
Florida's 12th largest trading partner in 2014, moving up four spots
from the year before and becoming our top trading partner among all
European countries. South Florida's bilateral trade with France
amounted to $2.65 billion in 2014, an increase of 9.4% from the prior
year. Additionally, in terms of foreign direct investment, France has
the 3rd most multinational corporations (42) among all foreign
countries with a presence in Miami-Dade County. Mission participants
will explore business opportunities and participate in pre-arranged
one-to-one business meetings, receive customized trade briefings and
participate in networking meetings with French business leaders, trade
and industry agencies and government officials. Miami-Dade
companies in the following sectors are encouraged to participate:
Aviation/ Aerospace; Computers, Parts and Services; Telecommunications
Equipment and Printers; Logistics; Medical Equipment; Cosmetics and Skin
Care Products; Travel and Tourism; and Professional Services.
The Latin Auto Parts Expo is the
leading auto part show in Latin America and the Caribbean. The Expo
provides manufacturers and distributors direct access to the OEM,
replacement parts, aftermarket parts, automotive re-manufactured parts
and tuning markets in a warm and personal setting that forges long
lasting commercial and personal relationships.
The 25th Taipei
International Food Show is set to jointly take place with Foodtech
& Pharmatech Taipei, Taipei Pack, Taiwan Horeca and Halal Taiwan.
This joint expo created an outstanding record of 1,561 exhibitors and
3,806 booths in 2014. Taiwan is the USA’s 7th largest importer of
agricultural products. U.S. companies are encouraged to join the
USA Pavilion, located in the venue’s most prominent location for the
best platform to promote products to domestic food importers,
wholesalers, distributors and retailers. Early bird rates are still
available via the American Institute in Taiwan (AIT).
companies are expanding overseas. Are you? We know that expanding into
international markets can seem daunting. Attend this interactive
workshop to find out how the Florida SBDC at UCF can help you prepare
your business for globalization. Participants will leave with tools,
insights and knowledge to help your small business earn a share of this
growing profit opportunity. Let the FSBDC at UCF guide you through the
complexities of international expansion strategies.
Association-USA (EAUSA) and the Trinidad & Tobago Florida Chamber
of Commerce will be leading its second Business Development Mission to
Trinidad & Tobago to attend the Trade & Investment Convention
2015 (TIC-2015). The convention is considered to be the largest show of
the Caribbean. TIC has hosted thousands of international buyers and
exhibitors and earned a reputation as the Caribbean’s biggest
business-to-business event. Mission participants will have the
opportunity to participate, exhibit and promote their products and
services directly to qualified buyers with genuine purchasing power and
influence, from the Caribbean and the World. Only two spots available
American & Caribbean Tyre Expo is known to be the largest and the
most important show for the tire manufacturing companies in Latin
America and the Caribbean. The expo allows the buyers (tire business
owners, dealers, and retailers) to interact personally with the
exhibitors and know their latest products, prices, demands and requirements
to distribute their brands. New business dealings are executed and the
participating companies get to grow their customer contacts in the
Latin American and Caribbean markets.
The United States
Department of Commerce, International Trade Administration is pleased
to announce the opportunity for U.S. companies to join the Healthcare
Executive Service program to India. Delegates will benefit from: U.S.
Commercial Service Gold Key Matchmaking (one-on-one meeting schedules)
in New Delhi, Mumbai and Chennai (India’s three healthcare industry
hubs); Local ground transportation in all three locations;
Country/Industry briefings by U.S. Embassy/Consulate industry
specialists in each location; Entrance to the Medicall Trade Show in
Chennai; Catalog exhibition at the Medicall Trade Show in Chennai;
Networking lunch hosted by the Medicall Trade Show; and Site visits to
local healthcare facilities.