Search Results for: ELA
Saudi, UAE signal no push for OPEC oil cut
November 26th, 2014
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group’s meeting this week to prop up prices that have collapsed by a ...
Funding secured for Tesco shareholder class action
November 26th, 2014
Australian litigation funder Bentham has made its biggest entry yet in the European market by agreeing to fund a class action against supermarket giant Tesco. The European subsidiary will fund legal action on behalf of shareholders who are claiming ...
ASIC takes civil action against Make It Mine
November 26th, 2014
ASIC has started legal action against Make It Mine Pty Ltd (MIM), seeking financial penalties against the company for breaching consumer credit laws, including the responsible lending obligations. ASIC’s civil penalty proceedings, filed in the Federal Court of Australia ...
U.K. Stocks Rise as Miners Gain Offsetting Travel Decline
November 26th, 2014
U.K. stocks advanced for a second day as BHP Billiton Ltd. and Antofagasta Plc led commodity stocks higher. BHP and Antofagasta climbed at least 1.6 percent as mining stocks rebounded from a two-day drop, for the best performance among 19 ...
SEC Charges HSBC’s Swiss Private Banking Unit With Providing Unregistered Services to U.S. Clients
November 26th, 2014
The Securities and Exchange Commission today charged HSBC’s Swiss-based private banking arm with violating federal securities laws by failing to register with the SEC before providing cross-border brokerage and investment advisory services to U.S. clients. HSBC Private Bank (Suisse) ...
VW Drives for Gains in Southern China
November 26th, 2014
Volkswagen AG is taking market share from other foreign auto makers in relatively wealthy southern China, as a slowdown in the world’s No. 1 car market intensifies competition. Southern China—the first part of the country to get rich after Beijing ...
Germany to introduce legal quotas for women on company boards
November 26th, 2014
Chancellor Angela Merkel’s coalition parties agreed on Tuesday to a draft law that would force Germany’s leading listed companies to allocate 30 percent of the seats on non-executive boards to women from 2016 onward. Although Europe’s biggest economy has a female ...
What Greek accounting woes can teach Asia
November 26th, 2014
Asia should care about Greece, because it offers two important lessons. One, that “Greek accounting” triggered the European crisis and weakened an important trading partner to Asia. Two, that weak Greek government financial management and reporting impaired trust and ...
Santos Flags ‘Prudent’ Capital Raising After Oil Price Falls
November 26th, 2014
Santos Ltd. (STO), set to start output at its $18.5 billion natural gas project in the second half of next year, is studying a sale of hybrid notes in European markets after a slide in oil prices. “It’s prudent capital management to ...
Aussie Near 4-Year Low as Lowe Says It May Weaken; Won Advances
November 26th, 2014
Australia’s dollar traded 0.3 percent from a four-year low after central bank Deputy Governor Philip Lowe said yesterday the currency will probably depreciate in line with commodity export prices. The yen was near the weakest level in seven years ...
