(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday. …
Tag:
Investment
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- Financial News
Samsung Elec breaks ground on new chip R&D centre, plans $15 billion investment by 2028
by Reutersby ReutersSEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 …
- Department of Justice Press Releases
Barred Broker Dealer Charged with $1 Million Investment Scheme and Fraudulently Obtaining $96,000 Cares Act Loan
by DOJ Pressby DOJ PressNEWARK, N.J. – A Monmouth County, New Jersey, man was charged today with defrauding victims in an investment fraud scheme out of at least $1 million, and with fraudulently obtaining …
- Department of Justice Press Releases
Investment Scam Ringleader Pleads Guilty After Being Recorded Paying Cash Kickbacks at Boca Raton Starbucks
by DOJ Pressby DOJ PressMiami, Florida – Paul Geraci, 45, of Parkland, Florida, pleaded guilty today for his role in a large investment scheme in which he and others defrauded investors out of approximately …
- Financial News
Thailand’s investment pledges slump in H1 as foreign projects wane
by Reutersby ReutersBANGKOK (Reuters) – Investment applications in Thailand dropped by 42% in the first half of 2022 compared to the same period last year, official data showed on Wednesday, led by …
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By Marc Frank HAVANA (Reuters) – Cuba plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro’s 1959 revolution, the government …
- Conservative TimesPoliticsUS and World News
Activist Investment Firm Pushes California Oil And Gas Producer To Curb Oil And Gas Production
Activist Investment Firm Pushes California Oil And Gas Producer To Curb Oil And Gas Production Jack McEvoy on August 15, 2022 Kimmeridge Energy Management Company, an energy investment firm focused …
- Financial News
Thailand targets $62 billion investment in industrial east over 5 years
by Reutersby ReutersBANGKOK – Thailand is aiming for 2.2 trillion baht ($61.97 billion) of investment in the country’s industrial east over the next five years, a government official said on Monday, as …
- Department of Justice Press Releases
Vancouver, Washington ‘Investment Advisor’ pleads guilty to defrauding friends and family of more than $4 million in investment ‘Ponzi scheme’
by DOJ Pressby DOJ PressTacoma – An unlicensed “investment advisor” from Vancouver, Washington, pleaded guilty today in U.S. District Court in Tacoma to mail fraud in connection with his scheme to defraud investors, including …
- Top HeadlinesUS and World News
U.S. doubling down on investment in the Pacific – senior diplomat
by Reutersby ReutersBy Lucy Craymer WELLINGTON – The world’s future will be written in the Pacific, U.S. Deputy Secretary of State Wendy Sherman said in New Zealand on Tuesday, as she wrapped up …
- Financial News
Wait and see: U.S. companies curb investment as they await Fed moves
by Reutersby ReutersBy Timothy Aeppel (Reuters) – Business investment appears to be an early victim of red-hot U.S. inflation and rising interest rates. Nonresidential fixed investment, which is how the Commerce Department …
- Financial News
Japan’s GPIF posts $28 billion Q1 investment loss on market turbulence
by Reutersby ReutersTOKYO -Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic …
- Financial News
China’s Innovent Biologics secures over $300 million investment from Sanofi
by Reutersby Reuters(Reuters) – Innovent Biologics Inc said on Friday Paris-based Sanofi SA would invest HK$2.42 billion ($307.88 million) in the biopharmaceutical group to jointly develop two cancer drugs in China. The …
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LONDON – Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher …
- Department of Justice Press Releases
Former Westlake Investment Advisor Sentenced to Nearly 22 Years in Prison for Operating Ponzi Scheme
by DOJ Pressby DOJ PressFormer Westlake Investment Advisor Raymond A. Erker, 52, of Avon, Ohio, was sentenced today by U.S. District Judge Dan Polster to nearly 22 years in prison, or 262 months, following …
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DUBAI – Saudi Arabia has set up an agency to promote investment in the country, a key goal of an ambitious economic reform agenda, the investment minister and state media …
- Financial News
China to use effective investment, not flood-like stimulus, to boost economy: state media
by Reutersby ReutersBEIJING -China will use effective investment to help the economy recover and will not resort to flood-like stimulus, state media said on Friday, following a cabinet meeting chaired by Premier …
- Financial News
China Jan-June non-financial outbound direct investment +0.8% y/y in yuan terms
by Reutersby ReutersBEIJING – China’s non-financial outbound direct investment (ODI) in the first six months of 2022 rose 0.8% from a year earlier to 351.67 billion yuan ($52.13 billion), the Commerce Ministry …
- Department of Justice Press Releases
U.S. Attorney Announces Charges In Four Separate Insider Trading Cases Against Nine Individuals, Including Former U.S. Congressman, Former FBI Agent Trainee, Tech Company Executives, And Former Investment Banker
by DOJ Pressby DOJ PressFormer U.S. Congressman Charged with Insider Trading Based on Inside Information Obtained from Consulting Work Former FBI Agent Trainee and Friend Charged with Insider Trading Based on Inside Information Stolen …
- Financial News
Sri Lanka asks China for help with trade, investment and tourism
by Reutersby ReutersBy Yew Lun Tian BEIJING – Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing said on Monday …
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SYDNEY – Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he grapples with protracted budget deficits …
- Department of Justice Press Releases
Arizona Men Found Guilty of Investment Fraud
by DOJ Pressby DOJ PressTUCSON, Ariz. –Last week, a federal jury found Jeffrey D. McHatton, 68, of Chandler, Arizona, and Robert B. Sproat, 60, of Mesa, Arizona, guilty on 10 counts of Securities Fraud. …
- Department of Justice Press Releases
Atlanta film producer pleads guilty for $2.5 million cryptocurrency-based investment scams
by DOJ Pressby DOJ PressATLANTA – Ryan Felton has pleaded guilty to multiple counts of wire fraud, securities fraud, and money laundering charges on the fourth day of his jury trial arising from his …
- Department of Justice Press Releases
Oyster Bay Residents Charged with $27 Million Investment Fraud Scheme and Selling Foreign Nationals Access to Prominent U.S. Politicians
by DOJ Pressby DOJ PressA criminal complaint was unsealed today in Brooklyn federal court charging Sherry Xue Li and Lianbo Wang with wire fraud conspiracy, money laundering conspiracy and conspiracy to defraud the United …
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By Philip Pullella (Reuters) – The Vatican on Tuesday issued an overarching investments policy to ensure they are ethical, green, low-risk, and avoid weapons industries or health sectors involved in …