Search Results for: US
The Pros and Cons of Buying Buyback ETFs
June 25th, 2014
Companies splurged on share buybacks in 2014’s first quarter, and investors splurged on buyback funds. The amount companies spent buying back their own shares jumped 59 percent compared to a year ago, according to Standard & Poor’s. Over that ...
European Stocks Decline for Fourth Day Amid Iraq Violence
June 25th, 2014
European stocks fell for a fourth day, the longest stretch in seven weeks, as violence in the Middle East escalated. U.S. index futures were little changed, while Asian shares declined. GDF Suez SA dropped 3 percent after France said ...
Etihad to Buy 49% Stake in Alitalia
June 25th, 2014
Alitalia SpA, the Italian carrier bailed out by the government last year, said it has agreed on “principal terms” with Etihad Airways PJSC that will give the Middle Eastern airliner a 49 percent stake. The two airlines will next ...
Bernie Madoff’s Accountant Paul Konigsberg Pleads Guilty to Falsifying Records and Conspiracy
June 25th, 2014
Fraudster Bernard Madoff’s former accountant Paul Konigsberg pleaded guilty to helping the convicted financier with his Ponzi scheme by falsifying records. “I’m here today to take responsibility for what I did that was wrong,” the former senior tax partner ...
CySec warning against unauthorised firm
June 25th, 2014
The Cyprus Securities and Exchange Commission (CySec) has published a press release informing the investors that the company ‘BDB Services Ltd’ (https://www.australia.bancdebinary.com and https://www.bbinary.com): 1. Is not permitted to provide investment and ancillary services in the Republic, pursuant to ...
Singapore to Require Banks to Hold Liquid Assets for Crises
June 25th, 2014
Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress. The new liquidity framework applies to lenders with a “significant retail presence” in ...
U.S. Ruling Loosens Four-Decade Ban On Oil Exports
June 25th, 2014
The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad. In separate rulings that haven’t ...
Andy Coulson guilty over phone hacking as Rebekah Brooks walks free
June 24th, 2014
David Cameron’s former communications chief Andy Coulson is facing jail after being found guilty of conspiring to hack phones while he was editor of the News of the World. Rebekah Brooks, his predecessor in the job, walked free from ...
CySec: acquisition of Administrative Services Providers (ASP) licence
June 24th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “Waidelotte Directors Limited” has successfully obtained the CySec licence to operate as Administrative Services Provider (ASP). Therefore, it is now authorised to operate legally ...
S&P to face legal challenge from councils
June 24th, 2014
Ratings agency Standard Poor’s has failed to avoid a legal battle with 91 councils, church groups and charities over investments that went bad during the global financial crisis. The Federal Court has denied the agency’s leave to appeal a ...
