The Securities Exchange Board of India has been given legal permission to regulate any scheme involving the pooling of funds, similar to Ponzi schemes. The SEC India has been given search and seizure powers which will allow agents to seek any information in relation to suspect securities transactions. It will also be able to seize call data records and will be able to retain assets in ...
The Conjuring tops box office weekend chart with $41.5m
Warner Bros' horror movie 'The Conjuring' opened up at first place at US weekend box office with earnings amounting to 41.5-million-dollars, according to studio estimates. The Vera Farmiga, Lili Taylor, Patrick Wilson and Ron Livingston starrer displaced three-week box-office champ, 'Despicable Me 2,' which dropped to second place with 25-million-dollar-earning, the Sydney Morning Herald ...
GlaxoSmithKline in China bribe probe says some executives may have broken Chinese law
BEIJING -- Drug manufacturer GlaxoSmithKline, under investigation on suspicion its employees bribed Chinese doctors, said Monday some of its executives may have broken the law. The British company said its president for Asia-Pacific and emerging markets met with Chinese police officials who are investigating whether GSK employees bribed doctors and hospital administrators to prescribe its ...
Asian Stocks End Broadly Higher After Japan Elections
Asian stocks ended mostly higher on Monday, with regional sentiment boosted by hopes that Japan will move out of deflation after Prime Minister Shinzo Abe's ruling Liberal Democratic Party won a decisive victory in upper house elections. Most analysts said the election represents an endorsement of Abenomics, which was implemented by Abe since he took office in December last year. Chinese ...
Oil rally rekindles ?flash crash? fears
U.S. crude futures is growing after a four-week rally sent prices to 16-month highs and money managers amassed record bullish bets, defying an economic slowdown in China and the North American shale energy supply boom. WTI (West Texas Intermediate, the oil grade unpinning the U.S. crude futures benchmark) on Friday flipped to a slight premium over its Brent counterpart for the first time in ...
Earnings growth to drive equity markets Goldman Sachs
Earnings growth will be the main driver for global equity markets over the next year as the world economy picks up, the chief global equity strategist at Goldman Sachs told CNBC. Peter Oppenheimer ...
Vivendi to discuss Activision special dividend WSJ
ATVI.O ) video games division to pay a special dividend that would net the French group around $2 billion to help it cut its debt pile, the Wall Street Journal reported on ...
Mackay Take pride in your work not in yourself
Joe DiMaggio of the New York Yankees had a fierce pride about always doing his best. The Yankees were on the road for a doubleheader against the St. Louis Browns. The day was not only boiling hot, the Browns were also last place in the league. Despite this, DiMaggio made an offhand comment that he was looking forward to playing that ...
Japan voters give Abe coalition parliamentary heft adding to pressure to deliver on reforms
TOKYO -- After winning control of both houses of parliament, Prime Minister Shinzo Abe's government has the potential to be one of Japan's most influential and effective administrations in years. Abe devoted the first seven months of his premiership to convincing a public weary of revolving door prime ministers that he has the wherewithal to lead a revival in the world's No. 3 ...
United States does not have to resign itself to sluggish growth
Four years after the official end of the Great Recession, US economic growth remains lacklustre. But there is more at work here than simply the business cycle: strains in the labour market were apparent long before 2008. Today, labour-force participation is at a 34-year low, and the United States has 2m fewer jobs than it did when the recession began. Weak investment, demographic shifts, ...
GSK Admits China Execs Flouted Law Over Drugs
GlaxoSmithKline (GSK) has said that some of its executives in China appeared to have broken the law as part of a major bribery scandal that has ensnared the UK pharmaceutical firm. The company also said that new proposed changes to its operations would result in lower prices of its medicines in China. "Certain senior executives of GSK China, who know our systems well, appear to have ...
Asia stocks gain on Abe as yen to gold jump amid earnings
on Friday at 0.47%. - Yen Could Weaken as Abenomics Affirmed by Japanese Elections. Japanese Prime Minister Shinzo Abe's ruling coalition scored a decisive victory in an ...
After 3 years House Republicans still voting to repeal Obamacare but have no replacement
WASHINGTON -- Three years after campaigning on a vow to "repeal and replace" President Barack Obama's health care law, House Republicans have yet to advance an alternative for the system they have voted more than three dozen times to abolish in whole or in part. Officially, the effort is "in progress" -- and has been since Jan. 19, 2011, according to GOP.gov, a ...
NSA spying revelations prompt some ordinary citizens to rethink computing habits
In Louisiana, the wife of a former soldier is scaling back on Facebook posts and considering unfriending old acquaintances, worried an innocuous joke or long-lost associate might one day land her in a government probe. In California, a college student encrypts chats and emails, saying he's not planning anything sinister but shouldn't have to sweat snoopers. And in Canada, a lawyer is ...
UBS has reached an agreement in principle with US over mortgages Q2 profit up 62 percent
GENEVA -- Swiss banking giant UBS AG says it has reached "an agreement in principle" to settle a U.S. lawsuit over billions of dollars in mortgage bonds. The U.S. Federal Housing Finance Agency, which was created in July 2008, sued UBS and 17 other banks in 2011 over some $200 billion mortgage securities sold to Fannie Mae and Freddie Mac, two U.S. agencies that provide funding for ...
Diary - Weu Earnings Events - Part 3
*** TO SEE THE DATES BEFORE Aug 13- PLEASE CLICK ON TO SEE THE DATES BEFORE JUL 31- PLEASE CLICK ON TO SEE THE DATES AFTER AUG 26- PLEASE CLICK ...
Irish Budget 2014 Former IMF official says austerity should be put on ice
Irish Budget 2014: Former IMF official says austerity should be put on ice By Michael Hennigan, Finfacts founder and editor Jul 22, 2013 - 8:14 AM ...
Falling US stockpiles hot money influx keeps oil above $108 a barrel
BANGKOK -- Oil added to gains above $108 a barrel Monday, underpinned by three weeks of declining U.S. stockpiles and a rush of speculative money into the crude futures market. Benchmark crude for September delivery was up 34 cents to $108.21 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The now expired August contract closed up 1 cent at ...
Famed Spanish restaurant Can Fabes to close another to succumb to the deep financial crisis
MADRID -- Spain's bitter financial crisis is eating away at the country's high-end restaurant scene, with the owners of another top establishment saying it will have to close at the end of August. A statement published on the website of the famed eatery outside Barcelona is blunt: "Can Fabes says goodbye." Can Fabes' closure is the latest in a small but growing list ...
Boot up Microsofts challenge Apples buys Amazons rejection and more
Apple 's recent purchase of crowdsourced location data company Locationary was part of a twofer mapping acquisition. The company also acquired online transit-navigation appmaker HopStop. HopStop's area of cartographic expertise: Mass transit directions, something Apple's mapping service doesn't currently ...
BA cancellation flying into turbulence trying to land an invoice
British Airways from London to Faro for my wife using my Halifax debit card. The flight was for the end of May but my debit card had an expiry date in January. Nothing on the BA website pointed out the significance of this, and my card was renewed in the normal way. Earlier this year my wife was discovered to be suffering from an aortic aneurysm and, after major surgery, was advised not to ...
From BTs Infinity to beyond repair
We are dealing with numerous complaints about Infinity and what seems to be a shortage of engineers to deal with problems. It is understandable that you are disappointed given that this "all-frills" service offers 24/7 telephone support as well as optional extras like TV and online storage. There was indeed a fault in the BT infinity roadside cabinet, but due to the G8 summit in your ...
Source: http://www.australiannews.net/index.php/sid/215979589/scat/3a8a80d6f705f8cc
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