Chinese stocks tumbled again on Friday, taking the week’s losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash. After a slump of nearly 30 percent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at “clues of illegal manipulation across
Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil’s currency market and will receive no punishment in the case, a local newspaper reported …
BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus
There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. New customers depositing at least 50 euros with BTCGreece, the only Greece-based bitcoin exchange, open only to Greeks, rose by 400 percent between May and June, according to its founder Thanos Marinos, who put the number at “a
Frequent assurances by U.S. airline executives that they would maintain “discipline” when adding seats on competitive routes were a red flag for antitrust regulators on alert for collusion between the four largest air carriers, antitrust experts said Thursday. The U.S. Justice Department disclosed Wednesday that it has demanded details from the airlines about their communications on capacity with analysts, investors, the public and each other. Concern about coordination among the
U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment unchanged, and the mining sector purging more jobs. April payrolls were also lowered, meaning 60,000 fewer jobs were created
H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc, creating the third largest food and beverage company in North America and fifth largest worldwide. The new company, Kraft Heinz …
Now is the time to jump into Europe, according to Erin Gibbs, equity chief investment officer at S&P Investment Advisory Services.
The rate of U.S. job growth cooled off in June, and missed Wall Street expectations, while many Americans exited the labor force.
Earl P. Holt III, president of the Council of Conservative Citizens, started giving money to GOP pols after marrying the widow of a wealthy Jewish businessman.