a brokerage house and a fiduciary firm. We will intervene to protect the interests of investors, Santiago Noboa, the state regulator of the stock exchange in Quito, told Reuters.
Mexico's banking regulator said it was investigating the local Stanford bank affiliate for possible violation of banking laws.
Peru's securities regulator suspended the operations of a local Stanford unit.
PREVI...
a brokerage house and a fiduciary firm. We will intervene to protect the interests of investors, Santiago Noboa, the state regulator of the stock exchange in Quito, told Reuters.
Mexico's banking regulator said it was investigating the local Stanford bank affiliate for possible violation of banking laws.
Peru's securities regulator suspended the operations of a local Stanford unit.
PREVI...
U.S., Latin American and European investigators widened probes on Thursday into the far-flung financial empire of Texas billionaire Allen Stanford, accused of massive fraud, and Venezuela seized one of his banks.
A healthy U.S. auto industry is vital for a sound U.S. economy and by extension for Japanese carmakers, a Tokyo-based auto lobby said, giving a tacit nod to the latest request for federal aid from ailing rivals in Detroit.
Delegates to this year's Mobile World Congress in Barcelona are getting down to the business of cost-cutting and doing what deals they can as the industry adjusts to the realities of global economic downturn.
Texas billionaire Allen Stanford and three of his companies were charged with massive fraud on Tuesday as federal agents swooped on his U.S. headquarters.
an opportunity to reinvent a category, create new rituals and grow our customer base.
Schultz said Via's target customer in the United States is the brewed coffee drinker.
Overseas, the company aims to win over new instant coffee users and to steal market share from established brands such Nestle SA's Nescafe and Kraft Foods Inc's Sanka.
The company already f...
Stanford used false information to promote a mutual fund program separate from the CDs. The program grew to more than $1.2 billion from less than $10 million in 2004.
There was no sign of imminent federal criminal charges against Stanford.
James Dunlap, a lawyer representing about a dozen investors who bought CDs from Stanford Financial Group, said he planned to sue the financial firm as early ...
LONDON - Wal-Mart Stores Inc (WMT.N) posted a 14.3 percent drop in fourth-quarter operating income at its international businesses, hit by the stronger dollar, but said underlying growth was solid, led by the UK, China and Brazil.
Israel is involved in a covert war of sabotage inside Iran to try to delay Tehran's alleged attempts to develop a nuclear weapon, a British newspaper said on Tuesday, quoting a former CIA agent and intelligence experts.
Chipmaker Freescale, which began making chips for small netbook laptop computers last month, plans to expand its offering to include chipsets for Google's Android operating system by next quarter.
Telecom industry leaders including Nokia, China Mobile and Microsoft raced to announce online software stores on Monday in a drive to find new sources of revenue and please consumers.
TOKYO - Japan sank deeper into recession with its worst quarterly contraction since the oil crisis in the 1970s, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
Hillary Clinton, in Tokyo on her first trip abroad as U.S. secretary of state, said Asia and the United States must fight the global crisis together.
The U.S.-Japanese relationship was...
we are not that close to a last ditch scenario just yet, though very much aware of the strong economic head winds, said a spokeswoman for private client investment manager Brewin Dolphin, a Lloyds investor.
One option could be for the government to convert 4 billion pounds of preference shares into equity, which would cut about 480 million pounds in annual interest but lift the government's s...
TOKYO - Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
The grim Japanese figures, coupled with disappointment over the lack of coordinated action from the G7 and worries about bank rescue plans pushed European shares down by 0.6 percent in...
A new property has now been added to Zimbabwean President Robert Mugabe's list, this time it's a 4 million pound ($5.6 million) home in Hong Kong, Britain's Sunday Times reported.
On Monday US fast-food chain Kentucky Fried Chicken said in a bid to boost the deep recession affecting Britain and Ireland it would create 9,000 jobs by 2014
Government pressure is taking hold in the midst of crisis at another major bank, as RBS announced today it reached a deal with the UK, its majority shareholder, to cut the total bonus pay by 90 percent to 175 million pounds ($247.5 million).
Consumer demand for data services on mobile phones, such as accessing email or browsing the Web on the go, is rising despite the global economic downturn, a survey released Monday found.
Australian Dollar: The Australian Dollar opens the week at 0.6534, largely unchanged from this time on Friday.
On Friday Part-nationalized Lloyds Banking Group said its HBOS unit made heavy losses last year due to a bigger-than-expected rise in unpaid loans, wiping a third off its value and raising fears more state help will be needed.
Stocks inched higher in choppy trade on Friday on optimism over the expected passage of an economic stimulus and government plans to shore up the housing market.
