The Executive Director of the British Columbia Securities Commission has issued a notice of hearing alleging that a mining cost analyst engaged in insider trading. The notice alleges that Robert Launder sold shares of Baja Mining Corp. ...
Tags: Metallurgy, Mineral, Energy
Although there is no firm yardstick to gauge its real impact, China Investment Corp has in many ways been the most representative face of Chinese investment in Europe. Apart from its regular activities such as equity and other investments, ...
Tags: Sovereign Wealth Fund, economy, China
Microsoft's Windows 8 app store failed a test touted by a former Microsoft manager and distinguished engineer as a way to determine an ecosystem's relevance. On Monday, Hal Berenson, now president of True Mountain Group, a technology and ...
Norwegian mutual fund Skagen AS bought additional 1.151 million shares in paper maker Vinda at CNY 10.472 a share on average on April 26, lifting the long-term position to 7.04% from 6.93%. Skagen, one of the largest funds in North ...
Tags: Vinda Stake, economy
US stocks ended a tumultuous day with strong gains after a false tweet briefly sent financial markets veering, underscoring technology's role in tightly linking global markets. The Dow Jones Industrial Average briefly plunged Tuesday ...
Tags: US Markets, Reel on False
Business Line reported that TATA Housing Development Company has raised INR 300 crore by issuing NCDs. TATA Housing said that the issue was subscribed by IDFC and a top mutual fund and the maturity period for the issuance ranges from 3 to ...
Tags: TATA Housing Development Company, mutual fund, NCD, private placement
Sutor Technology Group Limited announced that it has appointed Mr Naijiang (Eric) Zhou as its Chief Financial Officer, effective December 14th 2012. Over the last three years, Mr Zhou has served as the Vice President of Finance of Sutor ...
Tags: Energy and Mineral Resources, Sutor Technology, Metallurgy, CFO
The operator of a mutual fund has pleaded guilty in U.S. court to charges that he operated a $13 million scheme to sell shares of Facebook and Groupon stock before their initial public offerings. John Mattera, who served as chairman of ...
Tags: mutual fund, operator, U.S.court, Facebook, Groupon stock
The mass sell off of Apple’s stock is being driven by the looming fiscal cliff, specifically the expiration in January of tax cuts implemented by Bush. Apple’s share price fell as low as $505.75 during Friday’s trading, ...
Tags: Apple, Apple shares, Apple7, Exxon, Fiscal Cliff
Taipei,Oct.8,2012(CENS)--Offshore mutual funds in the U.S.sold by domestic financial institutions will be subject to 30%tax levied by the U.S.government,should they fail to sign related agreement with the U.S.according to a Foreign Account ...
Tags: Taipei, the Securities Investment Trust and Consulting Association
The Competition Commission of India (CCI) has approved Japanese underwriter Nippon Life's bid to acquire 26% stake in Reliance Capital's mutual fund arm RCAML. The INR14500m ($265m) worth deal is believed to be the largest Foreign Direct ...
Tags: CCI, Nippon Life, R-Cap
The Hartford insurance has reported net income of $96m, or $0.18 per diluted share for the first quarter of 2012 against $501m, or $0.99 per diluted share, during the same period last year. According to the financial result released by ...
Tags: Hartford insurance, net income, core earnings, wealth management
PTI reported that L&T Finance, a part of diversified group Larsen & Toubro, has completed the acquisition of Fidelity's mutual fund business in India for an undisclosed amount. A company statement said that on completion of this ...
Tags: L&T Finance Holdings, Fidelity's mutual fund business, fund suite, funds
The Guardian Insurance & Annuity Company (GIAC) has expanded investment option line-up for its group retirement products plan sponsors. Managed by industry investment managers, the extended options are designed for plan sponsors using The ...
Tags: GIAC, retirement products, investment option, insurance
Taipei, Nov. 13, 2012 (CENS)--To cope with the implementation of the U.S. Foreign Account Tax Compliance Act (FATCA) next year, the Executive Yuan (the Cabinet) leans to adopt the proposal of the Financial Supervisory Commission (FSC), ...
Tags: FATCA, FSC, adopt proposal