Search Results for: ESMA
Goldman’s BRIC Era Ends as Fund Folds After Years of Losses
November 9th, 2015
BRIC fund loses 21% in five years, leading to investor exodus Acronym-based investment strategy comes under greater scrutiny The BRIC era is coming to an end at Goldman Sachs Group Inc. The bank’s asset-management unit folded its money-losing BRIC ...
New York investigating Exxon over climate statements: source
November 6th, 2015
The New York attorney general has launched an investigation into whether Exxon Mobil Corp (XOM.N) misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial ...
SEC Identifies More Alleged Corrupt Brokers in Stock Manipulation Case
November 5th, 2015
The Securities and Exchange Commission announced it has identified three additional individuals to charge in a penny stock manipulation case the agency filed last year against alleged corrupt brokers and others. The SEC filed a request in federal court ...
US Presses Europe to Take Steps to Reduce Greece’s Debt: Investors need confidence
November 5th, 2015
Investors need confidence Greece’s debt is sustainable Servicing obligations are only part of the equation, U.S. says The U.S. is pressing euro-area countries to agree to an overhaul of Greece’s debt to give private-sector investors confidence that the nation’s ...
Google says an EU antitrust fine would be ‘inappropriate’
November 4th, 2015
Google has hit back at EU antitrust regulators’ warning of a possible hefty fine, saying this would be inappropriate because of the unusual nature of the case and its willingness to settle the case with concessions last year. In ...
Commodities Trader Found Guilty in ‘Spoofing’ Case
November 4th, 2015
Michael Coscia faces up to 25 years in prison with sentencing scheduled for March A Chicago jury found a New Jersey-based commodities trader guilty of 12 counts of fraud and manipulating the futures market on Tuesday in a major ...
VW Emissions Issues Spread to Gasoline Cars
November 4th, 2015
Company adds about 2 billion euros to possible economic risk Tally of 800,000 added to estimated 11 million cars worldwide Volkswagen AG said it found faulty emissions readings for the first time in gasoline-powered vehicles, widening a scandal that so ...
Dell eyes $10 billion asset sales ahead of EMC merger – sources
November 3rd, 2015
Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp (EMC.N), according to people familiar with the matter. ...
Amazon and eBay ‘liable’ if they ignore VAT fraud
November 2nd, 2015
Amazon and eBay could be liable for billions of pounds in unpaid VAT if they fail to properly investigate traders using their sites to escape sales tax, the BBC has learned. The online marketplaces could be legally required to ...
MTN fined $5.2 billion. Negotiations to continue.
November 2nd, 2015
Stock halted in Johannesburg after paring earlier decline Phone company has lost abouth fifth of its value since penalty MTN Group Ltd., Africa’s largest wireless operator, remains in negotiations with Nigerian regulators over a $5.2 billion fine for failing ...
