Finance
Financial News
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
...
TORONTO (Reuters) - Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
...
NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
...
NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
...
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
...
LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
...
LONDON (Reuters) - World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.
...
FRANKFURT/MUNICH (Reuters) - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
...
World News
A top Iranian cleric said Friday some of the arrested employees from the British Embassy in Tehran would be put on trial, Iranian Students News Agency reported. The employees have been accused of helping to incite some of the post-election protests that swept through the country.
...
Honduran soldiers shot out the tires of buses headed for a demonstration in support of ousted President Jose Manuel Zelaya, a video obtained by CNN shows.
...
If there was ever any question over the importance of finding the black boxes from Air France flight 447 then there is certainly none now.
...
U.S. Marines on Friday continued to lead a major push against militants in southern Afghanistan in an attempt to rout the Taliban from their stronghold in Helmand province, Marine Capt. William Pelletier said.
...
A suspected U.S. drone attack killed at least 15 people in northwest Pakistan Friday morning, Pakistani officials said.
...
Three people have been killed in religious rioting in southern India between Muslims and Hindus, police said Friday.
...
A Turkish television show is offering contestants what it claims is the "biggest prize ever" -- the chance for atheists to convert to one of the world's major religions.
...
The number of Internet scammers offering fake anti-swine flu drug, Tamiflu has surpassed those selling counterfeit Viagra, a UK body said Friday.
...
Banking News
Islamabad, July 3 : Pakistan has spent about 10 billion dollars in the war on terror during the financial year 2008-09, the chairman of the Panel of Economists of the Planning Commission, Hafiz Pasha has said....
LONDON — British Chancellor Alistair Darling has warned bankers to stop backsliding into their bad old ways as he promised a much tougher regulatory system to prevent a repeat of last autumn’s fin......
Rintaro Tamaki, head of the Finance Ministry's International Bureau, will become Japan's next top financial diplomat in charge of international affairs and currency issues, the ministry said Friday....
WINNIPEG, ALBERTA--(Marketwire - July 3, 2009) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in June of ($63.5) million as shown in Table 1. Total ass......
TORONTO, July 3 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, July 3, 2009: - The shares of Motapa Diamonds ......
< June, 2009 May, 2009 June, 2008 Value $129,108,175,644 $125,293,704,119 $166,808,540,259 Volume 10,856,684,577 11,462,309,022 8,125,585,688 Transactions 17,568,188 " />...
London: A sleaze investigation has been launched into the expenses claims of George Osborne. The Shadow Chancellor has been accused of flipping' his designated second home from London to his constitue......
Given the predominance of Islam as the religion and being closer to Islam's two holiest shrines, it was quite natural for GCC countries to embrace Islamic financing as an alternative to interest-based......
Predict WallStreet
Local Advertisements
