Search Results for: Oman
Dubai, Saudi, Qatar bourses plunge amid oil price decline
October 17th, 2014
Markets across the Middle East tumbled on Thursday as global equities and oil prices continued to decline, while Saudi Arabia’s drop was magnified by investors selling to prepare for a $6 billion initial public offer of shares. Brent crude ...
Wells Fargo to shut its ‘dark pool’ due to falling demand
October 17th, 2014
Wells Fargo (WFC.N) is closing down its alternative trading system, or “dark pool,” due to decreased customer demand, the company said on Thursday. The San Francisco-based bank will still offer its clients a full suite of electronic trading tools ...
Schwab drops Pimco Total Return from target date portfolios
October 3rd, 2014
Charles Schwab Corp (SCHW.N) has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday. Schwab is looking for a replacement for the Pimco fund and has ...
Prada’s CEO being investigated by Italian authorities over tax
September 29th, 2014
Italian luxury fashion house Prada SpA said on Monday its chairwoman Miuccia Prada and her husband, chief executive officer and fellow shareholder Patrizio Bertelli, are under investigation by Italian authorities over past taxes. The Hong Kong-listed company said in ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
Mexican companies sue Yahoo, law firm charge conspiracy to avoid $2.7 billion judgment
September 12th, 2014
Two Mexican companies have sued Yahoo! Inc (YHOO.O) and law firm Baker & McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexico court in 2012. In ...
PwC to face U.S. lawsuit over Colonial Bank collapse
September 11th, 2014
Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled. Filed ...
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. ...
EU to adopt new Russia sanctions soon
September 8th, 2014
The EU says new sanctions against Russia should be adopted shortly and take effect on Tuesday, despite a Kremlin warning of retaliation. But an EU spokeswoman said the sanctions would be “reversible”, depending on the situation in Ukraine. Pro-Russian ...
Ex-U.S. Envoy Khalilzad Money-Laundering Probe Leads to Austria
September 8th, 2014
A U.S. probe into alleged money laundering by Zalmay Khalilzad has led Austrian authorities to freeze a Vienna bank account linked to the former presidential envoy to Afghanistan. Khalilzad, who served as U.S. ambassador to Afghanistan and Iraq, allegedly ...
