Search Results for: ESMA
Japan Ship Firm Mitsui OSK Lines Pays $39 million To China After Seizure: Media
April 24th, 2014
Update, 10 p.m.: A Chinese court said on Thursday that it has released a ship owned by Japanese shipping firm Mitsui OSK Lines Ltd., which had been seized in a contract dispute, after the Japanese firm paid up. China’s ...
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. ...
ACB Founder Pleads Not Guilty to Vietnam Fraud, Tax Dodge
April 16th, 2014
Nguyen Duc Kien, a founder of Asia Commercial Bank, pleaded not guilty to fraudulently taking assets, tax evasion and other crimes that partly caused losses the Vietnamese lender estimates at 8.67 trillion dong ($411 million). The People’s Court of ...
German company starts gas deliveries to Ukraine
April 15th, 2014
German utility company RWE said Tuesday it has started sending natural gas to Ukraine, a move that could support the country if Russia acts on its threat to cut off supplies because of a massive debt for past deliveries. ...
People with old social security debts get reprieve
April 15th, 2014
People with old Social Security debts are getting a reprieve — for now. The Social Security Administration had been participating in a program in which thousands of people were having their tax refunds seized to recoup overpayments that happened ...
Goldman, Client Trade Lawsuits Over Singapore Stock Rout
April 14th, 2014
Goldman Sachs Group Inc. (GS) and Lynne Ng Su Ling, an independent director at LionGold Corp., traded lawsuits in London over payment demands after shares owned by Ng and held by the bank as debt collateral plunged in an ...
More law firms face unrated PII threat
April 14th, 2014
Thousands of firms are weeks away from being plunged into uncertainty according to research showing an increasing number relying on unrated professional indemnity insurers. The survey results come weeks before the Solicitors Regulation Authority decides whether to ban unrated ...
Chinese Property Developers Stake Out Shares In Commercial Banks, Intensifying Systemic Risks
April 14th, 2014
Major Chinese property developers have in recent months been buying increasingly large stakes in regional banks, posing risk that an unravelling in the real estate market could leave both lenders and builders confronting losses big enough to pose a ...
Is Wal-Mart Heading to An Organic Empire To Fuel Its Wild Oats Rollout?
April 14th, 2014
Wal-Mart’s bold entry into the booming organic food market sets a lofty goal for the company: offering a wide range of products bearing the coveted USDA certified organic seal at stores across the United States. But experts say that ...
Exclusive: SEC eyes test that may lead to shift away from ‘dark pools’
April 11th, 2014
U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as “dark pools” that critics say may be hurting investors by reducing the quality of ...