Archives
U.S. Stock Futures Are Little Changed Before Output Data
September 2nd, 2014
U.S. stock-index futures were little changed, after the Standard & Poor’s 500 Index recorded its biggest monthly gain since February, before data that may show manufacturing in the world’s biggest economy continued to expand in August. Apple Inc. and ...
Chinese Company’s Shares Suspended on Critical Report
September 2nd, 2014
Trading in shares of Tianhe Chemicals, which raised about $650 million in a Hong Kong listing in June, was suspended on Tuesday morning after a report on a website affiliated with short-sellers described the company as “one of the ...
FASB’s proposed 2015 GAAP taxonomy available for comment
September 2nd, 2014
FASB released its proposed 2015 GAAP Financial Reporting Taxonomy on Friday and asked for public review and comment. The taxonomy is a list of financial reporting labels that are machine-readable and coded in XBRL. Users of financial statements can ...
Telecom Italia Delays Sale of Stake in Argentine Business
September 2nd, 2014
Telecom Italia said on Tuesday that it had extended the deadline to Sept. 25 to complete the sale of its controlling stake in Telecom Argentina to the investment firm Fintech Advisory. The deadline, which had been set for Sept. ...
FCA warning against unauthorised firm
September 2nd, 2014
The Financial Conduct Authority (FCA), the British financial regulator, has issued a warning informing that the firm “Marcus KPO Services LLC” (www.MarcusKPO.com) is not permitted to provide any financial services or products. FCA warns that this firm is neither ...
Asian stocks dip, euro stuck near one-year lows
September 2nd, 2014
Asian shares slipped on Tuesday as a U.S. holiday robbed markets of momentum, while the euro hit a fresh one-year low on uncertainty over the European Central Bank’s policy decision later this week. Spreadbetters expected an effectively flat open ...
Insider traders in U.S. face longer prison terms
September 2nd, 2014
U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is likely ...
Canada seeks to become Renminbi (RMB) trading centre for the Americas
September 2nd, 2014
The Toronto Financial Services Alliance (TFSA) and AdvantageBC has announced they would work together, with officials from the federal, Ontario and BC governments, and the financial industry, to promote Canada as a trading hub for the Chinese currency, the ...
Second Alibaba IPO in Rally
September 2nd, 2014
Jack Ma knows how to time an initial public offering. The 49-year-old former school teacher preparing to list Alibaba Group Holding Ltd. during a record rally for U.S. stocks did the same thing seven years ago, when Alibaba.com Ltd. ...
Brokerages raise Cipla’s target price post inhaler launch
September 2nd, 2014
The launch of Fluticasone/Salmeterol combination inhaler, a generic version of GSK’s Advair MDI (metered dose inhaler), by pharmaceutical major Cipla in Germany and Sweden is seen as a significant development by brokerages. The launch establishes Cipla as the front ...
