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Former financial adviser has been sentenced to seven years imprisonment
November 15th, 2016
Former financial adviser, Mr Darren John Wise, has been sentenced in the Maroochydore District Court to seven years imprisonment on charges brought by ASIC. Mr Wise will be eligible for parole after serving 20 months. Mr Wise, formerly of ...
SEC Chair Mary Jo White Announces Departure Plans
November 15th, 2016
SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. Under Chair White’s leadership, the Commission strengthened protections for investors and the ...
William Hill flags profits at top end of target range
November 14th, 2016
Bookmaker William Hill cheered the City today by flagging that full-year profits would be at the higher end of its £260 million to £280m target range. Total net revenues lifted 6 per cent in the four months to 25 ...
Dubai named among world’s most reputable cities; Which city take the first place and which are taking the last spots
November 14th, 2016
Dubai has been named among the most reputable cites in the world, according to Boston-based The Reputation Institute, a reputation-management consulting firm. In its 2016 City RepTrak report, the emirate was placed Dubai 38th globally with Sydney, Australia, taking ...
Samsung Electronics to Acquire HARMAN
November 14th, 2016
Samsung Electronics and Harman International Industries, Incorporated today announced that they have entered into a definitive agreement under which Samsung will acquire HARMAN for $112.00 per share in cash, or total equity value of approximately $8.0 billion. Upon closing, ...
EIA Forecasts $51 Per Barrel 2017 Brent Crude Oil Price
November 14th, 2016
The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook(STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI) ...
Perilous government finances
November 13th, 2016
President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have the room for manoeuvre to achieve this ambition as well as his intended tax cuts, ...
Attorneys went to court to ask that a civil fraud suit against Trump be delayed
November 12th, 2016
Attorneys for President-elect Donald Trump went to court Thursday to ask that a civil fraud suit against Trump scheduled to begin in less than three weeks be delayed, a reminder of the unusual complications facing Trump as he shifts ...
How America’s new president will affect the global economy
November 10th, 2016
From trade war with China to jobs turmoil in Mexico, Trump’s reign will pose new threats to already fragile world economy Donald Trump’s victory in the US presidential elections will have implications for the whole global economy. Mexico America’s ...
London ‘flash crash’ trader faces up to 30 years in US jail after admitting to spoofing
November 10th, 2016
Navinder Singh Sarao, who operated from parents’ UK home, also agreed to pay US government $12.8m. A trader who operated from his parents’ home in London faces up to 30 years in jail in the US, after pleading guilty ...
