Search Results for: US authorities
UBS Traders May Be First to Face Sanctions in Forex Probes
December 2nd, 2015
Swiss regulator may issue penalties by the end of the year Finma probed 11 currency, metals traders amid global scandal As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, ...
Hackers threaten Greek banks, demand ransom in bitcoins
December 1st, 2015
Greek authorities have created a special team to protect Greek banks from a team of hackers who have allegedly threatened to bring down the lenders’ electronic systems if they do not pay a ransom. Kathimerini understands that the group, ...
Brazil sues BHP, Vale for $5 billion in damages for mine disaster
December 1st, 2015
Brazil filed a lawsuit on Monday against two of the world’s largest mining companies for 20 billion Brazilian reais ($5.2 billion/3.4 billion pounds) to clean up what it says was its worst environmental disaster, caused by the collapse of a ...
IMF’s Executive Board Completes Review of SDR Basket, Includes Chinese Renminbi
December 1st, 2015
The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese ...
Chinese Stocks: Brokerage Probes Weigh on November Stock Gains
December 1st, 2015
Three of China’s largest brokerages said they were under investigation for suspected violations of margin-trading rules A widening Chinese investigation into what officials have deemed suspicious or illegal trading activity has put the brakes on a rebound in the Shanghai Composite ...
Asia shares fall on China caution, yuan jumpy ahead of IMF decision
November 30th, 2015
Asian shares fell on Monday as Chinese stocks extended last week’s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies. MSCI’s ...
China Shares Fall Sharply as Regulators Investigate Brokers
November 27th, 2015
Chinese officials have ramped up scrutiny of the securities industry Chinese authorities’ investigations into two major Chinese brokerages over suspected violations drove shares in Shanghai sharply lower Friday. The Shanghai Composite Index fell 4.6% to 3468.13, wiping out most ...
Head of Hong Kong-based brokerage Guotai is missing
November 24th, 2015
Head of Hong Kong-based brokerage Guotai Junan International ‘missing’ in case linked to probe of CSRC vice-chairman Shares hammered, closing down more than 12 per cent, after company says it has been unable to contact chairman since Wednesday The ...
Black money probe: India seeks Swiss help in probe into Preneet Kaur, son’s bank accounts
November 24th, 2015
The Swiss tax department has made these disclosures in two separate notifications published today in the Switzerland government’s federal gazette. As Indian tax authorities continue their probe into Swiss bank accounts of several citizens, Switzerland on Tuesday said India ...
Asian stocks under pressure from weak commodities prices
November 24th, 2015
A slide in commodities prices pressured Asian resources shares Tuesday, as investors in the region also try to navigate global central banks’ split approaches to monetary policy. Expectations the Federal Reserve will raise interest rates at its December meeting ...
