Search Results for: Oman
Venture Fund Sues PwC for Alleged Audit Deficiencies
November 4th, 2015
Burrill Life Sciences Capital Fund sued Burrill & Co.’s founder in July A venture fund launched by Burrill & Co. is suing PricewaterhouseCoopers LLP for allegedly failing to flag unauthorized transfers that it claims led to millions in investor ...
BNP Sued Over $650 Million `Wet Ink’ Error in Al-Sanea Deal
November 3rd, 2015
Golden Belt Sukuk sues French lender in $650 million lawsuit Saudi tycoon’s Saad Group defaulted on the deal in 2009 BNP Paribas SA is being sued by the trustee of a $650 million Islamic finance transaction who said the ...
Oil Price Paradox: Gasoline Could Be Even Cheaper
November 3rd, 2015
The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But recently, oil prices ...
Intel sued for investing employee 401(k) funds in hedge funds, private equity
November 2nd, 2015
Lawsuit alleges 401(k) and profit-sharing participants invested in tech firm’s custom target-date series and global diversified fund lost hundreds of millions of dollars A former Intel Corp. employee is suing officials at the Santa Clara, Calif.-based company for allegedly ...
Greece turns to USA for Natural Gas
October 29th, 2015
The ever changing dynamic in the Southeast European natural gas sector is seeing a shift in strategy by the Greek government, which is pressing hard for the introduction of prospective supplies of US LNG moving into Europe, via the ...
Saudi Arabia to run out of cash in less than 5 years
October 26th, 2015
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the ...
Grant Thornton delivers £521m UK fee income
October 23rd, 2015
Grant Thornton has reported a 1.6% year-on-year uplift in its revenue for the financial year ending 30 June 2015 to £521m. The result, which delivered profit before tax of £82m and distributable profit per partner of £398,000 – up 3.4%, ...
5 reasons oil could be nearing a new tipping point
October 22nd, 2015
Oil’s bounce back from the summer’s lows has the look of a bottoming in crude prices, but some strategists say the shakeout is not over. “I’m pretty sure we’re going to see a new low. The probabilities are that ...
Xi Jinping to sign Hinkley Point nuclear power deal in UK
October 21st, 2015
China‘s leader is expected to put the seal later on its contribution to what will be the first UK nuclear power plant to be built in a generation. The plant could be opened by 2025 at Hinkley Point, in ...
Deutsche Bank Error Sent $6 Billion to Fund in June, FT Reports
October 20th, 2015
Deutsche Bank AG’s foreign-exchange unit mistakenly sent $6 billion to a U.S. hedge fund client in a so-called fat-finger error in June, recovering the money a day later, the Financial Times reported, citing unidentified people familiar with the matter. A ...
