Search Results for: Abe
Former CEO of ConvergEx Subsidiary faces SEC’s charges
August 8th, 2014
The Securities and Exchange Commission (SEC) has appointed charges to the former chief executive officer of a broker-dealer subsidiary of ConvergEx Group LLC for deceiving brokerage customers with hidden fees to buy and sell securities. SEC claims that the ...
Pfizer faces lawsuits over Lipitor
August 8th, 2014
Pharmaceutical giant Pfizer is facing a large amount of lawsuits from women who claim that the firm was aware that its anti-cholesterol drug Lipitor was causing possible serious side effects. The number of lawsuits has tremendously risen during the ...
Seychelles Able To Avoid More Tax Measures
August 6th, 2014
The Seychelles Government has announced temporary financial measures, which will lead to higher interest rates and reduced lending, but which, it was said, will not be joined by any changes to taxation. Finance, Trade, and Investment Minister Pierre Laporte ...
Japan Expands Sanctions on Russia Over Ukraine
August 6th, 2014
Japan on Tuesday slapped new sanctions on Russia over its backing of separatist insurgents in eastern Ukraine, adding 40 individuals and two Crimean companies to its blacklist, news reports said. The sanctions went into force immediately after they were ...
Big Banks’ ‘Living Wills’ Get Failing Grade
August 6th, 2014
Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence yesterday with a grade: Fail. The Federal Reserve and ...
Tesla resolves trademark dispute in China
August 6th, 2014
U.S. electric carmaker Tesla Motors Inc (TSLA.O) said it has “completely and amicably” resolved a trademark dispute in China, removing a hurdle that had threatened CEO Elon Musk’s ambition to expand rapidly in the world’s biggest auto market. It ...
Nikkei Previews: run against them to get your face ripped off!
August 4th, 2014
Japanese second quarter results season peaked last week with the Nikkei newspaper playing its role as broadcaster of results days in advance of the actual company announcements. Japanese regulators continue to turn a blind eye to the now common ...
Week in FX Asia – BOJ Defends Inaction Strong USD Provides Breathing Room
August 1st, 2014
BOJ Defends Its Assessment of the Japanese Economy Bank of Japan Governor Haruhiko Kuroda defended the bank’s positive assessment of the economy on Friday. Data release out of Japan have been weak and prompted an assurance from the BOJ ...
CFPB rules U.S. banks on $30 Billion in excess fees
August 1st, 2014
The $30 billion banks collect in overdraft fees each year may shrink as the U.S. Consumer Financial Protection Bureau imposes rules aimed at shielding customers from harm. The agency, which issued a study on the fees yesterday, is also ...
Herbalife cuts sales outlook, shares drop to 10.5 percent
July 29th, 2014
Herbalife Ltd, a maker of weight-loss and nutritional products, cut its sales outlook for this year after raising it three months earlier, causing its shares to drop to 10.5 percent in extended trading. The company, which has been labeled ...
