Search Results for: sec
Alibaba prices IPO at $68 a share ahead of New York stock flotation
September 19th, 2014
Early investors in Chinese online giant Alibaba are set to sell $8bn worth of shares Friday morning, escaping the “lockup” that usually requires them to hold their shares for several months. The disclosure, first reported by the Wall Street ...
Shares rise on ‘No’ vote as pound rally fades
September 19th, 2014
The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence. The pound also jumped nearly 0.8% to $1.6525 against the US dollar, before falling back slightly. ...
BNP Paribas hires ex-U.S.Treasury official for compliance job
September 19th, 2014
BNP Paribas (BNPP.PA) has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over ...
Citigroup Tells Appeals Court of Its Argentina Quandary
September 19th, 2014
Citigroup has found itself in an awkward position: It must decide between defying a New York court order or a sovereign government, a move that it says would result in “grave sanctions” from Argentina. “We’re going to obey, and ...
Home Depot reports 56 million card details likely stolen in breach
September 19th, 2014
Home Depot Inc (HD.N) Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp ...
Financial crisis a reason for late tax payment
September 18th, 2014
Sometimes bad economic news can be good news for taxpayers. A judge has ruled that the recession was a reasonable excuse for a family business to not pay a VAT bill on time. Scrimsign Micro Electronics, which makes electronic ...
Dark Pools need more transparent future as threats rise
September 18th, 2014
Off-exchange markets, accounting for more than 40 percent of dark-pool volume, have publicly disclosed rules of operation that were previously hidden. The private venues host 17 percent of trading in the $24 trillion U.S. stock market. They’re taking the ...
Australian firm pays $20,400 penalty for making misleading representations
September 18th, 2014
The Australian regulator has charged Invast Financial Services Pty Ltd (Invast), an Australian financial services (AFS) licensee based in Sydney, with the amount of $20,400 in penalties after ASIC issued two infringement notices for alleged misleading representations. ASIC was alert ...
Draghi’s Trillion-Euro Journey Starts Today
September 18th, 2014
Mario Draghi’s trillion-euro journey is under way. The European Central Bank will announce the result of its first targeted lending program today as part of its effort to stave off deflation in the euro area. Draghi’s first step may ...
IMF reports over Growing Risk in Global Economy
September 18th, 2014
The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday. The ...
