Search Results for: SEC
After JPMorgan Cyberattack, fortification of Wall Street Banks is a must
October 22nd, 2014
Federal and state regulators are said to be discussing fortification of a critical area of cybersecurity: outside vendors, including law firms, accounting and marketing firms and even janitorial companies. This summer’s huge cyberattack on JPMorgan Chase and a dozen ...
Oil Rises After Chinese GDP Surprises at 7.3% in Q3
October 21st, 2014
West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.5 percent in New York and 1.2 percent in ...
Gold Rebounds Boosted by India Holiday Sales
October 21st, 2014
Even after a two-week rally in bullion, domestic prices remain 7.4 percent lower than a year ago just as sales are set to climb for the festival and wedding season. India is the largest gold buyer after China. The ...
London tech startups attract $200m Singapore venture capital fund Infocomm
October 21st, 2014
Singapore venture capital fund Infocomm is setting up shop in the capital, bringing its $200m (£124m) fund to startups in London and the rest of Europe for the first time. The move was spurred by the momentum in the ...
China’s economic growth slows to 7.3 percent in third quarter, near six-year low
October 21st, 2014
China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world’s second-largest economy is becoming a drag ...
Samuel Wyly in Bankruptcy Facing $400 Million Forfeiture
October 21st, 2014
The U.S. businessman Samuel Wyly, who may have to forfeit as much as $400 million after being found liable for using offshore trusts to hide stock holdings and make illegal trades, filed for bankruptcy. Wyly, 80, listed assets and debt ...
Saudi’s NCB to convert to Islamic bank after pressure from scholars
October 21st, 2014
Saudi Arabia’s biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, made as the bank launches a $6 billion initial ...
Facebook sues over ‘fraudulent lawsuit’
October 21st, 2014
Facebook is suing US law firms alleging they knowingly represented a fraudster who claimed to be owed Facebook shares, in a warning to other law firms representing anyone attempting to get a slice of Mark Zuckerberg’s fortune. The Silicon ...
Invast Upgrades MT4 Platform and Servers for Improved Handling Capabilities
October 21st, 2014
Invast has recently invested in new, state-of-the-art, Solid State Hard Drive (SSD) servers, as part of their ongoing commitment in providing the highest quality infrastructure to support their clients’ trading. Invast, one of the largest and most successful global ...
KPMG targets SMEs with new division
October 21st, 2014
Business advisory firm KPMG today launched a new arm aimed at providing affordable services to small and medium-sized firms. KPMG Enterprise has been kicked off with a £40m investment. Jon Holt, office senior partner at KPMG in Manchester, said: ...
