Search Results for: US authorities
Asia markets extend declines; Nikkei down 3.49%, Hang Seng drops 3.68%
January 20th, 2016
Asian stocks tumbled Wednesday, with major indexes declining by more than 1 percent each, as global sentiment remained low on concerns over economic growth, China and low oil prices. “The frailty in the Chinese growth remain the core problem ...
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
CSRC’s regret at flaw in stocks supervision
January 18th, 2016
THE head of China’s market regulator issued an unusual apology on Saturday for volatility in the country’s markets, acknowledging “shortcomings” in the way they have been supervised. “The abnormal fluctuations on the stock exchanges have revealed the immaturity of ...
Twitter sued by U.S. widow for giving voice to Islamic State
January 15th, 2016
Twitter Inc (TWTR.N) is being sued by the widow of an American killed in Jordan who accuses the social media company of giving a voice to Islamic State, adding to the pressure to crack down on online propaganda linked ...
Emissions-Testing Probe Prompts Raid of Renault Facilities
January 15th, 2016
Antifraud officials search several French car maker’s headquarters, engineering center France’s antifraud authority has launched an emissions investigation into Renault SA and other car makers, French Economy Minister Emmanuel Macron said Thursday, deepening scrutiny of Europe’s car industry after Volkswagen AG was caught cheating on ...
First-ever EU-wide cyber-security rules backed by Internal Market Committee
January 15th, 2016
Firms supplying essential services, e.g. for energy, transport, banking and health, or digital ones, such as search engines and cloud computing, will have to take action to improve their ability to withstand cyber-attacks under new rules approved by Internal ...
Digital Technologies: Huge Development Potential Remains Out of Sight for the Four Billion Who Lack Internet Access
January 14th, 2016
A new World Bank report says that while the internet, mobile phones and other digital technologies are spreading rapidly throughout the developing world, the anticipated digital dividends of higher growth, more jobs, and better public services have fallen short ...
HMRC admits to winding up inquiry into HSBC tax evasion claims
January 14th, 2016
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s ...
EBA publishes revised final draft technical standards and Guidelines on methodology and disclosure for global systemically important institutions
January 14th, 2016
The European Banking Authority (EBA) published today revised final draft technical standards and Guidelines on the further specification of the indicators of global systemic importance and their disclosure. The need for this revision was prompted by the new data ...
Two former Forex traders will sue their former employers this month
January 14th, 2016
Ex-Barclays, Citi FX traders sue for unfair dismissal in London Two former foreign exchange traders will this month sue their former employers Barclays and Citigroup for unfair dismissal at a London court. Former Barclays FX trader Jack Murray is ...
