A federal judge yesterday rejected a Securities and Exchange Commission lawsuit seeking relief for investors in R Allen Stanford’s US$7.2 billion Ponzi scheme.
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Barclays Chief Executive Bob Diamond resigned yesterday, the biggest scalp in a financial markets scandal that has ripped through the bank’s senior management and sown the seeds for a new investigation into Britain’s banking sector.
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US stocks climbed yesterday in an abbreviated holiday trading session after an encouraging report about manufacturing. Energy stocks rose the most because of increased tension over oil-rich Iran.
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Overall market activity resulted from trading in 14 securities of which five advanced, four declined and five traded firm.
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Renewed tensions between Iran and the West pushed oil to its highest level in more than a month.
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TSTT Chairman Mr Everald Snaggs yesterday announced the appointment of TSTT senior executive Dianna De Sousa, as the acting CEO of the majority state-owned telecommunications provider.
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Caricom finance ministers have told the judicial managers overseeing the failed insurance giant Clico’s operations in Barbados and the Eastern Caribbean they need more time to consider a roadmap for the company’s future they received on Saturday,...
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GlaxoSmithKline LLC will pay US$3 billion and plead guilty to promoting two popular drugs for unapproved uses and to failing to disclose important safety information on a third in the largest health care fraud settlement in US history, the Justice...
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Overall market activity resulted from trading in 11 securities of which five advanced, two declined and four traded firm.
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British prosecutors said yesterday they are examining whether they can bring criminal charges on top of the massive fines imposed on Barclays bank for a financial market manipulation scandal.
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