|Bid||14.48 x 0|
|Ask||14.49 x 0|
|Day's range||14.40 - 14.75|
|52-week range||11.50 - 41.34|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose conflicts of interest to hundreds of clients with UK pensions. Benjamin Alderson, 40, and Bradley Hamilton, 36, British citizens who until last year were deVere's chief executive and a deVere manager, were also charged by the SEC (Shanghai: 603988.SS - news) with concealing the conflicts and misleading clients.
The United Arab Emirates' securities regulator on Wednesday warned investors not to deal with Financial.org, an unregulated British company that has attracted investors from countries across Asia and the Gulf. The alert comes after the Philippines watchdog, the Securities and Exchange Commission (SEC (Shanghai: 603988.SS - news) ), warned last month that salesmen, brokers, dealers or agents who promoted unauthorised investments such as Financial.org could face a fine and up to 21 years in prison. "The (UAE) authority warns investors against dealing with that website (Financial.org) and any services it is offering regarding financial products and investment portfolios," the Emirates Securities & Commodities Authority said in a statement.
The U.S. Securities and Exchange Commission has dropped a probe into whether former Puerto Rican officials misled investors when they sold $3.5 billion of general obligation bonds in March 2014, according to two sources with direct knowledge of the matter. Ex-Puerto Rican leaders who had been interviewed as part of the SEC (Shanghai: 603988.SS - news) 's investigation received letters last week from the agency, saying the SEC would not recommend enforcement actions, said the sources. The issuance came during the administration of ex-Governor Alejandro Garcia Padilla and then-Puerto Rico Treasury Secretary Melba Acosta, as the U.S. territory slid precipitously toward bankruptcy.
** Globant SA U.S.-listed shares off 1.45 pct at $48.12, had slumped to session low of $46.46 around 11:30 am EDT ** Spruce Point Capital said it is short the stock, expects "shares to be materially ...
By Frances Yoon HONG KONG, March 19 - HSBC Holdings, rated A2/A/AA–, is marketing US dollar-denominated Additional Tier 1 securities to boost its capital ratio. Initial price thoughts on SEC-registered ...
* Shell (LSE: RDSB.L - news) , Eni (LSE: 0N9S.L - news) had deferred prosecution agreements with U.S. LONDON, March 13 (Reuters) - Oil giants Royal Dutch Shell (LSE: 0LN9.L - news) and Eni have voluntarily filed to U.S. authorities internal probes into how they acquired a giant field in Nigeria as the companies seek to fight corruption allegations in Europe and Africa. The filings, to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC (Shanghai: 603988.SS - news) ), do not mean U.S. authorities are investigating Shell or Eni.
Rio Tinto Plc (LSE: RIO.L - news) and two former top executives said civil fraud charges brought by the U.S. Securities and Exchange Commission over a failed African coal project are "plainly wrong" and should be thrown out. In a court filing late Monday night, Rio Tinto (Hanover: CRA1.HA - news) , former Chief (Taiwan OTC: 3345.TWO - news) Executive Officer Tom Albanese and former Chief Financial Officer Guy Elliott rejected SEC (Shanghai: 603988.SS - news) claims they should have written down Mozambique coal assets no more than 11 months after buying them in 2011 for $3.7 billion, rather than waiting 17 months. The delay enabled the big Anglo-Australian mining group to raise about $5.5 billion from U.S. investors kept in the dark about the deterioration, the SEC argued in a lawsuit filed in October with the U.S. District Court in Manhattan.
Australia's corporate watchdog said on Friday it has launched court action against miner Rio Tinto and two former executives for misleading investors about the coal reserves it reported in a $4 billion acquisition in Mozambique. The Australian Securities and Investments Commission said the company, its former Chief Executive Tom Albanese and former Chief Financial Officer Guy Elliott had made deceptive statements in their 2011 annual report, published in 2012.
Ryanair is to dramatically slash its presence at Glasgow Airport due to Brexit pressures on Scotland and hiked-up taxes. The Irish budget airline announced on Tuesday it is closing its Glasgow International base due in part to uncertainty created by Brexit and also due to expensive air passenger duty. It is reducing its 23 Glasgow routes to three - Dublin, Wroclaw and Krakow.
Bitcoin rallied from three-month lows below $6,000 in choppy trading on Tuesday, but worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards. On the Luxembourg-based Bitstamp exchange, bitcoin hit $5,920, its lowest since mid-November, before recovering to above $8,000. "Crypto is alive and well," said Matthew Roszak, co-founder and chairman of U.S. blockchain technology company Bloq.
Bitcoin recovered from three-month lows below $6,000 in choppy trading on Tuesday, but worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards. "The recent weakness in bitcoin stems from tightening liquidity and near-term profit taking, and does not reflect a change in the long-term outlook for the digital currency," said John Sarson, managing partner at Blockchain Momentum LP and ETF Momentum Investing in Indianapolis.
The top U.S. securities regulator on Tuesday rejected arguments by Rio Tinto Plc (LSE: RIO.L - news) and two former top executives that its civil lawsuit claiming they concealed the plunging value of coal assets owned by the big Anglo-Australian mining company should be dismissed. In letters filed with the U.S. District Court in Manhattan, the Securities and Exchange Commission said its complaint adequately alleged that fraud occurred, and that Rio Tinto (Hanover: CRA1.HA - news) , former Chief Executive Thomas Albanese and former Chief (Taiwan OTC: 3345.TWO - news) Financial Officer Guy Elliott intended to deceive investors. Rio Tinto responded by referring to its statement in October that it believed the lawsuit was unwarranted and that a court or jury would reject the SEC (Shanghai: 603988.SS - news) 's claims.
It is still full speed ahead for sterling issuers in the SSA market, with all eyes on the UK's last issue of the fiscal year, which is expected to hit the market in the coming weeks. "We won't get the next quarter's remit until post-budget in March, so you might find that the next syndication doesn't come until late June or early July," said Craig Inches, head of short rates and cash at Royal London Asset Management. "The market is not good at predicting where inflation is going to be a long way into the future," said John Taylor, fixed income portfolio manager at AllianceBernstein.
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