Search Results for: US Dollar
Invesco Fined, EU Stress Test, Libor Charges: Compliance
April 29th, 2014
Invesco Perpetual (IPE) was fined 18.6 million pounds ($31.3 million) for failing to comply with risk limits or tell clients about the use of derivatives as leverage in their funds. Invesco Perpetual, the largest retail investment manager in the ...
ASIC cancels Banksia’s AFS licence
April 28th, 2014
Australian Securities and Investments Commission (ASIC) has cancelled Banksia Mortgages Limited’s (Banksia Mortgages) Australian financial services (AFS) licence. Banksia Mortgages is one of four subsidiaries of the Victoria-based Banksia Financial Group, which collapsed in 2012. The others include the ...
Apple-Samsung $2 Billion Patent Case Over Google Hits Last Round
April 28th, 2014
Apple Inc. and Samsung Electronics Co. head toward the conclusion of their second U.S. patent trial with one last chance to make a case to jurors on whether the $2 billion case is actually a proxy war over Google ...
European Index Futures Gain as Asia Falls; Nickel Rallies
April 28th, 2014
European equity futures rose while Asian stocks fell, pushing the regional index to an almost two-week low, as investors weighed company earnings, while the Korean won gained. Wheat climbed with nickel amid prospects for additional sanctions against Russia over ...
FCA Said to Observe Banks’ London Gold-Fixing Calls
April 25th, 2014
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said. ...
Tokyo Inflation Quickens to Fastest Since 1992
April 25th, 2014
Tokyo’s consumer prices rose 2.7 percent in April from a year earlier, the biggest jump since 1992, pumped up by a sales-tax increase and a year of unprecedented stimulus from the Bank of Japan. Inflation excluding fresh food accelerated ...
Google’s Stake in $2 Billion Apple-Samsung Trial Revealed
April 23rd, 2014
Google Inc. (GOOG)’s stake in the outcome of a $2 billion trial over smartphones using its Android operating system was revealed by testimony that the company indemnified Samsung Electronics Co. (005930) against some of Apple Inc. (AAPL)’s patent claims. ...
What’s ahead for Apple’s new CFO, Luca Maestri
April 22nd, 2014
Apple’s new CFO will have to deal with the tech giant’s massive cash reserves, as well as building a strong finance team in the first 100 days IN JUNE, the world’s largest company by market capitalisation will be getting ...
How much is your personal data worth?
April 22nd, 2014
British ministers are looking at changes that will allow HMRC to sell taxpayers’ data to third parties. Putting aside the privacy issues, how much is personal data worth? As this paper reported last week, ministers are considering changes in ...
P&G Hopes New Razor Keeps Its Results On The Cutting Edge
April 22nd, 2014
It’s been said that if you build a better mousetrap the world will beat a path to your door, but what about razors and tooth whitener? We’ll find out on Wednesday when Procter & Gamble Co. (NYSE:PG), the Cincinnati ...
