|Bid||47.09 x 0|
|Ask||47.38 x 0|
|Day's range||46.88 - 47.90|
|52-week range||46.01 - 76.60|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Rio Tinto Plc (LSE: RIO.L - news) on Tuesday said a U.S. regulator's lawsuit accusing the big Anglo-Australian mining company of fraud for overstating the value of Mozambique coal assets it had bought in 2011 should be dismissed. In a letter filed with the U.S. District Court in Manhattan, a lawyer for Rio Tinto (Hanover: CRA1.HA - news) said the U.S. Securities and Exchange Commission failed to plead that the company intended to commit fraud or made false statements related to asset values. Similar letters were also filed by lawyers for former Chief (Taiwan OTC: 3345.TWO - news) Executive Officer Thomas Albanese and former Chief Financial Officer Guy Elliott, who were also targets of the SEC (Shanghai: 603988.SS - news) 's civil fraud lawsuit filed last Oct (Shenzhen: 000069.SZ - news) .
A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, cannot proceed as a class action. The 2nd U.S. Circuit Court of Appeals in Manhattan said on Friday a lower court judge imposed too high a burden on the Wall Street bank to show that its alleged conflicts of interest and misleading statements had no impact on its stock price. While the 3-0 decision permits shareholders to again seek class certification, it may now be easier for Goldman to convince U.S. District Judge Paul Crotty, who had certified a class action in September 2015, not to let the plaintiffs sue as a group.
A US fund manager has sold half of its stake in Spotify months before the music-streaming service makes its long-awaited debut on the New York Stock Exchange (NYSE). Sky News has learnt that DE Shaw, which acquired its interest in Spotify in 2015, offloaded roughly 12,000 shares in the company last month at a price of $4,060-per-share - which placed a valuation on it of just over $16bn (£12bn). The sale came even as Spotify was making a confidential filing with the US Securities and Exchange Commission (SEC (Shanghai: 603988.SS - news) ) to take itself public through the unusual mechanism of a direct listing.
By Julian Baker LONDON, Jan 8 - * 15yr guidance at G+175 area, Jan 2024 tap unchanged from IPTs at G+145 area on GBP300m+ book. Books subject at 2pm. Tap is immediately fungible. Barc is B&D. * 15yr benchmark ...
By Julian Baker LONDON, Jan 8 - * 15yr benchmark at UKT4.25% Jun 2032 +185 area IPTs, Jan 2024 tap at UKT2.75% Sep 2024 +145 area. Pricing today. Due 17 Jan 2033 and 17 Jan 2024, pay 17 Jan. 15yr is SEC ...
Apple (NasdaqGS: AAPL - news) 's chief executive Tim Cook took home $102m (£76m) last year, largely thanks to bonuses tied to the company's stock price. Mr Cook became Apple's chief executive after Steve Jobs resigned in 2011 and shares in the company have more than tripled under his watch. In a proxy statement filed with the US Securities and Exchange Commission, Apple said Mr Cook earned just over $3m (£2.2m) in salary, plus $9.3m (£6.9m) in bonuses.
Employees stand inside a fast food shop during a power cut in Caracas, the capital of crisis-hit Venezuela, which saw its economy shrink by a massive 16.5 percent in 2016
The Crypto Company's share price had risen an eye-watering 1,700 percent, from $3.30 to $575 between the end of September 2017 and December 18 before the SEC intervened to halt trades until January 4, ...
Cboe chief Edward Tilly speaks with AFP in New York about the launch of the first mainstream platform to allow trading in bitcoin futures, which saw the digital currency continue its meteoric rise, surging ...
The SEC's new cyber unit filed charges for the first time in a digital currency scam that raised $15 million from investors before it was halted
Under the Trump administration the fines imposed on companies by the Securities and Exchange Commission have plummeted to their lowest level in years, and a hiring freeze has slowed enforcement of new ...
Analysts estimate the Crown Property Bureau of the King of Thailand manages between $30-60 billion in assets, making Thai royals among the richest in the world
LONDON, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - Syndicated lending in Central Europe, the Middle East and Africa (CEEMEA) of US$77.8bn in the first three quarters of 2017 is the lowest total for the first nine months in eight years since 2009 and 52.6% lower than US$164bn raised at the same point in 2016. Low volume is due to a lack of refinancing opportunities, strong and competitive bond markets and political volatility - underpinned by persistently low oil prices - which continue to hamper economic growth across the region and curb appetite for new loans. Lending to the Middle East and Russia has seen the steepest declines.
Hackers may have used information stolen from the US financial regulator to make "illicit gain" through insider trading, the body's chairman admitted. A flaw in the software used to file sensitive corporate information with the US Securities and Exchange Commission (SEC (Shanghai: 603988.SS - news) ) was exploited in 2016, according to a statement from Jay Clayton. The appropriate authority is likely to be the Federal Bureau of Investigation which is responsible for pursuing federal and cyber crimes.
LCH has opened its repo clearing platform to buyside firms through a new sponsored access model that aims to eliminate recent dislocations in the mechanism by which collateral is moved around the system. Acting for a UK pension fund, Insight Investment has become the first asset manager to clear a repo trade on LCH's RepoClear platform. NatWest Markets acted as the sponsor, providing default fund contributions and facilitating margin payments for its client.
San Francisco-based Uber said it was cooperating with an investigation into possible violations of the Foreign Corrupt Practices Act
Dara Khosrowshahi is known as an experienced top executive, willing to speak his mind and to advocate for women getting equal pay and leadership opportunities
Financial auditing firm KPMG will pay more than $6.2 million to settle U.S. charges that it failed to properly audit financial statements of an oil and gas company, the U.S. Securities and Exchange Commission ...
The directors of small British construction businesses are lending them more money to plug a funding gap as banks set tighter lending criteria and major contractors delay payments, a survey showed on Monday. Directors lent the companies 38 million pounds ($50 million)in 2015/16, up from 29.7 million pounds in 2013/14, said online finance market Funding Options, which surveyed electricians, plumbers, plasterers, carpenters, decorators, scaffolders and roofing businesses. "Confronted by continued borrowing constraints and often faced by long waits for payment, they (directors) are ploughing significant amounts of their own money into their businesses to ensure they remain on a firm financial footing," Funding Options CEO Conrad Ford said.
Halliburton will pay nearly $30 million in fines and other fees to resolve a bribery case involving Angola's state oil company
U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase & Co (Xetra: 850628 - news) derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it "no longer believes that it can rely on the testimony" of Bruno Iksil, a cooperating witness who had been dubbed the London Whale, based on recent statements he made that hurt the case.