Search Results for: Fed
Asian stocks rise as China manufacturing improves
May 22nd, 2014
Japan’s Nikkei led gains in Asian stock markets Thursday after a manufacturing survey suggested the slowdown in China’s economy is flattening out and Fed minutes reinforced expectations the U.S. central bank won’t rush to raise interest rates. HSBC’s manufacturing ...
BNP Case Shows French Companies Learn U.S. Law Hard Way
May 22nd, 2014
Some French companies have been slow to learn that doing business in the U.S. means obeying its laws. U.S. authorities are seeking a record fine against BNP Paribas SA (BNP) that would make it the first French bank since ...
ASIC takes civil action against Astra Resources and its directors
May 21st, 2014
The Australian Securities and Investments Commission (ASIC) has started legal action against Astra Resources PLC (Astra Resources) and its directors, alleging the company illegally raised more than $7.6 million from almost 300 Australian investors between September 2011 and September ...
U.S. authorities reportedly investigating Bitcoin businesses for connections to Silk Road
May 21st, 2014
Wall Street Journal reports that U.S. authorities are apparently renewing investigations into Bitcoin businesses and any potential connections to criminal activity. Specifically, renewed interest has surfaced in who else may have been connected to Silk Road, the shuttered online ...
BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
May 21st, 2014
BNP Paribas SA (BNP), France’s largest bank, fell to a seven-month low in Paris on concern U.S. authorities will seek more than $5 billion from the lender to settle a probe into alleged violations of U.S. sanctions. The stock ...
SEC’s Insider-Trading Case Against Obus Revived on Appeal
May 20th, 2014
Wynnefield Capital Inc.’s Nelson Obus traded on confidential information to make $1.3 million for his hedge fund and confessed to it twice, a lawyer for the U.S. Securities and Exchange Commission said in a civil trial of Obus and ...
Roberts Reunites High Court Majority After Obamacare Vote
May 19th, 2014
The U.S. Supreme Court’s conservative majority is back to being the conservative majority. Two years after the court upheld President Barack Obama’s health-care law and a year after it bolstered gay rights, the five Republican-appointed justices are voting together ...
SEC Warns Investors About Marijuana-Related Investments
May 19th, 2014
The U.S. Securities and Exchange Commission cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two ...
SocGen Ex-Trader Kerviel Taken in by French Police at Border
May 19th, 2014
Jerome Kerviel, the former Societe Generale SA trader facing prison for a record banking loss, was taken charge of by French police after prosecutors said his failure to turn himself in would have made him a fugitive. More than ...
SEC Charges Unregistered Securities Salesman
May 16th, 2014
The U.S. Securities and Exchange Commission has charged a Tiburon, Calif.-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered with the SEC as a broker-dealer or associated with a registered broker-dealer. Behrooz Sarafraz has ...
