Search Results for: SFO
Key questions for audit committees to ask about internal audit
July 22nd, 2014
An effective relationship between the audit committee and internal auditors is fundamental to the success of the internal audit function. It has become increasingly important for audit committees to assess whether internal auditors are monitoring critical controls and identifying ...
UK Serious Fraud Office to launch forex market manipulation probe
July 21st, 2014
The UK’s Serious Fraud Office (SFO) is reportedly planning to launch the criminal investigation into alleged manipulation of the $5.3trn-a-day foreign-exchange (forex) market. Unnamed sources with the knowledge of matter were quoted by The Financial Times as saying that ...
A Fox-Time Warner deal would give Murdoch new heft in China
July 21st, 2014
Rupert Murdoch’s plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack. Time Warner’s board rejected Murdoch’s $80 billion offer, but ...
Wipro bags $1.2 billion outsourcing contract of Canadian firm ATCO
July 18th, 2014
Wipro has bagged a $1.2 billion 10-year deal to manage information technology outsourcing of Canadian energy and utilities firm ATCO, thereby giving a further fill-up to the Bangalore-based IT firm’s oil and gas vertical. Under the deal – announced ...
FX Benchmark Overhaul
July 16th, 2014
Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations that traders colluded to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board proposed changes to the way the WM/Reuters rates ...
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
July 16th, 2014
When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate in ...
Alibaba IPO Update
July 16th, 2014
Investors were given an update on the Alibaba IPO on Tuesday, when Yahoo! Inc. (Nasdaq: YHOO) reported second-quarter earnings. Yahoo owns a 24% stake in Alibaba Group Holding Ltd. (NYSE: BABA) and will be selling a large percentage of ...
Apple and IBM in Broad Software Deal for Businesses
July 16th, 2014
Apple is moving up to business class. And its seatmate will be IBM. In a deal that could deepen Apple’s sales to corporations and strengthen IBM’s position in business software, the two companies announced a wide-ranging partnership intended to ...
Shale boom confounds forecasts as U.S. set to pass Russia, Saudi Arabia
July 9th, 2014
Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate ...
Judge Denies Madoff Trustee Recovery of Foreign Transfers
July 8th, 2014
Transfers made abroad between a foreign transferor and a foreign transferee cannot be recovered by the trustee administering the estate of Bernard L. Madoff Investment Securities, a federal judge has ruled. Dealing a win to foreign banks and investment ...
