24th October 2016
A San Mateo man was charged in a federal indictment for his alleged role in a scheme to commit insider trading and money laundering, U.S. Department of Justice officials said Thursday. According to an indictment returned Wednesday, when Christopher G. Salis, 39, was a global vice president of the software corporation SAP,… Read More
21st October 2016
The China Securities Regulatory Commission said Friday it’s investigating six companies over alleged wrongdoings related to initial public offerings and disclosures. Longbao Ginseng & Antler Co., which is applying for a listing, is among the companies, the CSRC said in a statement posted on its official Weibo account. The five… Read More
21st October 2016
European Union leaders condemned Russia on Friday for its bombing of civilians in Syria’s besieged city of Aleppo but faced resistance from Italy to impose new sanctions against Moscow over the atrocities. Horrified by Russian air strikes on hospitals and an aid convoy that have killed hundreds of civilians including… Read More
20th October 2016
The ruble retreated for the first day in three as oil dropped and the European Union weighed penalties against the recession-hit nation over its conduct in Syria’s civil war. The Russian currency weakened 0.3 percent to 62.4625 against the dollar by 1:33 p.m. in Moscow. The benchmark Micex equity gauge… Read More
19th October 2016
Ukraine has imposed sanctions against a number of Russian and Crimean companies involved in coal transportation, handling and sales. The corresponding decision is stipulated in the resolution of National Security and Defense Council dated September 16, 2016 and presidential decree No. 467/2016. “The basis for applying sanctions is the actions… Read More
19th October 2016
South Korean prosecutors indicted the head of Lotte Group for alleged embezzlement and breach of fiduciary duty, escalating the crisis at the retail giant, after investigators conducted one of the country’s biggest corruption probes in years. Chairman Shin Dong-bin’s actions cost Lotte more than 175 billion won ($156 million), the prosecutors’… Read More
18th October 2016
A Turkish-Iranian gold trader must stand trial for laundering hundreds of millions of dollars and violating U.S. sanctions on Iran, a New York judge said in rejecting a bid to dismiss the case as “unprecedented.” Reza Zarrab, who allegedly owns a multi-billion dollar network of companies in Turkey and the United… Read More
18th October 2016
Iran’s October crude and condensate exports are set to hold near five-year highs hit in September, a source with knowledge of its preliminary tanker schedule said, reflecting Tehran’s success in boosting shipments after Western sanctions were lifted. The No. 3 OPEC producer is producing around 4.5 million barrels per day… Read More
17th October 2016
The Hong Kong-listed owner of English football club Birmingham City lost nearly a third of its value on Monday as the stock resumed trading after a near two-year suspension over a financial scandal that saw ex-chairman Carson Yeung jailed. Shares in Birmingham International Holdings Ltd skidded as much as 45… Read More
17th October 2016
The world’s largest emerging markets must double trade between their countries in the next four years and unite to fight terrorist threats that hurt economic prosperity, Indian Prime Minister Narendra Modi said. Noting intra-BRICS trade was $250 billion, Modi said: “We should set ourselves a target to double this number… Read More