Search Results for: IG Group
Citi to pay allowance to compensate for limited bonuses
September 1st, 2014
Citigroup Inc (C.N) has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base ...
The billion-dollar fall of the house of Espirito Santo
August 29th, 2014
On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 million in ...
A Chinese E-Commerce Company Is Born and enters competition with Alibaba
August 29th, 2014
Dalian Wanda Group, the Chinese real estate, cinema and retail conglomerate controlled by the billionaire Wang Jianlin, announced on Friday that it would enter the e-commerce industry in an $800 million partnership with Baidu and Tencent, two of China’s ...
Nation of Privilege Versus Rule of Law
August 29th, 2014
These days, the word “privilege” has been reduced to a trite buzzword. That’s a shame, because it used to mean more than just being born into advantageous circumstances. The word, which means “private law” in old French, originally referred ...
Irish Panel to Pick Privacy Regulator With Global Reach
August 29th, 2014
In the coming weeks, an Irish government committee is set to pick the country’s new data privacy regulator, a relatively obscure position but one with global sway. The five-person panel of civil servants and privacy experts will choose a ...
$2.4 Billion Invested in Chinese Bad-debt Company
August 28th, 2014
China’s biggest manager of bad debt said on Thursday that it had attracted about $2.4 billion from eight investors, including Goldman Sachs and Warburg Pincus, before an expected initial public offering here. China Huarong Asset Management, the biggest of ...
Telecom Italia bids $9.25 billion for Vivendi’s GVT
August 28th, 2014
The battle over Brazil’s telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi’s Brazilian broadband business GVT. Vivendi, which will examine the bids at a Thursday board meeting, must now choose ...
Mega-IPO to rekindle the ‘bromance’ behind Alibaba’s rise
August 28th, 2014
Masayoshi Son’s nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to what could ...
FCA warns against boiler room clone firm
August 28th, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against boiler room “London Capital Group Asia (Clone of FCA authorised firm) / LCGA Fxplatform / LCG Asia / LCG Forex” (www.lcga-fx.com / www.lcga.asia.lid-cn / http://indo.lcga-fx.com / www.fxlcg.com), ...
Arab Bank Questions Hamas Links in Terror-Funding Trial
August 28th, 2014
Arab Bank Plc, accused in a U.S. trial of helping finance suicide bombings in and near Israel by processing transactions to benefit Hamas, sought to cast doubt on victims’ claims the attacks were caused by the Palestinian militant group. ...
