Archives
Apple investors: Buy the phone, sell the watch
September 10th, 2014
Apple shares on Tuesday were generally bought on the rumor but sold on the news — a broad range of it, in fact — raising the question of whether the late-day drop was a reflection of new investor concerns ...
Jack Ma, ‘capital-lite’ model impress at Alibaba’s Boston IPO event
September 10th, 2014
Alibaba Group Holding Ltd has two major things going for it as it prepares for an initial public offering that could raise more than $21 billion: founder Jack Ma and a “capital-lite” business model. While corporate governance remains a ...
Hertz CEO steps down for accounting errors
September 9th, 2014
Mark Frissora has resigned as chief executive of Hertz Global Holdings Inc, citing personal reasons, as pressure from investors mounts following a series of accounting errors. Hertz’s shares rose as much as 5 percent after the No. 2 U.S. ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
The Reasons Bankers Weren’t Busted
September 9th, 2014
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate ...
BVI Receives 2014 Offshore Estate Planning Gong
September 9th, 2014
The British Virgin Islands has been awarded the 2014 Offshore Excellence Award in Estate Planning by publishers Acquisition International. Receiving the award on behalf of the territory, Executive Director of the BVI International Financial Center, Sylvia Moses, said the ...
FCA warning against unauthorised firm
September 9th, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing that the firm “Jacobs Buchanan Investment Advisors / Jacobs Buchanan Partnership” (www.jacobsbuchanan.com) is not permitted to provide any financial services or products. FCA warns that ...
Africa likely to experience oil and gas boom
September 9th, 2014
A study released by PriceWaterhouseCoopers (PwC) concluded that Africa had the potential to experience a major mid-term energy boom. The survey forecast demand for oil on the continent would “rise significantly” over the next two decades, driven by larger ...
Australia Cuts Wheat Production Forecast on Drought
September 9th, 2014
Australia lowered its outlook for wheat production as dry weather in parts of the country’s east may curb yields in the world’s fifth-biggest exporter. The harvest may total 24.2 million metric tons in 2014-2015 from 24.6 million tons estimated ...
Facebook market cap tops $200bn
September 9th, 2014
Facebook’s market capitalisation topped $200bn for the first time on Monday, beating rival Google in the time it took since going public to reach the symbolic figure. As well as outstripping the valuation of much older technology companies including ...
