Search Results for: mining
SEC: Worldwide pyramid scheme operator misled investors
October 5th, 2015
SEC Halts $32 Million Scheme That Promised Riches From Amber Mining The USA regulator, Securities and Exchange Commission (SEC), has issued an announcement to inform that it has filed fraud charges and obtained asset freezes against the operator of ...
Asia Stocks Jump With Won After Weak U.S. Data; Glencore Surges
October 5th, 2015
Odds of 2015 liftoff pared as U.S. payrolls trail estimates Copper leads metals, commodities higher; China still closed Asian stocks jumped with emerging-market currencies and commodities after U.S.employment and factory reports came in well below estimates, undermining the case ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
Citi, HSBC Partner With R3CEV As Blockchain Project Adds 13 Banks
September 30th, 2015
Distributed ledger startup R3CEV has added 13 new banking partners, bringing the total number of banks involved in its activities to 22. In a release, R3 revealed Bank of America, BNY Mellon, Citi, Commerzbank, Deutsche Bank, HSBC, Mitsubishi UFJ ...
Should you fear a ‘Glencore’ moment?
September 29th, 2015
Experts are beginning to warn of the dire financial impact across the mining and metals space if Glencore, one of the world’s largest resource companies, is unable to control its skyrocketing debt load. Hong Kong-listed shares of the Anglo–Swiss commodity ...
Whole Lotta Bear Markets Goin’ On
September 29th, 2015
The Dow and S&P 500 have fallen by around 10% since August, which in normal times would be hardly worth mentioning. But below the surface, in what used to be the market’s hottest sectors, much more serious damage is ...
Oil prices remain weak on Asia economy woes; shares in commodity firms tumble
September 29th, 2015
Japan stock market at 8-mth lows over Asian economic fear Falling commodity markets hit trading houses hard Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down ...
The Most Interesting Story In Gold
September 28th, 2015
Or: Gold Miners’ Doom Is Streaming Companies’ Boom. The gold and silver miners are in crisis, as metal prices hover around break-even for many and capital dries up for most. Dozens of companies are one or two quarters away ...
Google Said to Be Under U.S. Antitrust Scrutiny Over Android
September 28th, 2015
New FTC inquiry comes years after it closed search-engine case Lingering skepticism meets probe over access to phone platform Google Inc. is back under U.S. antitrust scrutiny as officials ask whether the tech giant stifled competitors’ access to its ...
Asian stocks turn negative on Fed uncertainty
September 25th, 2015
Asian stocks lost steam in choppy trade on Friday, mirroring the lackluster lead from Wall Street amid uncertainty over U.S monetary policy. In a speech that occurred after the market close, Federal Reserve chair Janet Yellen said that an ...
