Financetime

FUNDS

SEC charges microcap investors in 'pump-and-dump' schemes

The U.S. Securities and Exchange Commission said on Friday it has charged 10 individuals and 10 associated entities in long-running microcap "pump-and-dump" schemes. The ...

COMMODITIES

Equatorial Guinea to crack down on oil services companies over local jobs

Oil and gas services firms Schlumberger, Subsea 7 and FMC face being banned from working in Equatorial Guinea if they do not commit by the end of this month to create more jobs ...

FUNDS

Pinnacle Assetbuys SierentzGlobal Merchants' natgas tradingbusiness

Commodities and natural resources investor Pinnacle Asset Management said on Thursday it had bought the North American natural gas wholesale trading business of commodities trad...

US DOLLAR REPORT

EMERGING MARKETS-Argentine equities rebound as IMF talks provoke cautious optimism

Argentine equities jumped almost 5 percent on Thursday amid tentative optimism about ongoing talks between the government and International Monetary Fund, though traders warned ...

MARKET

Nikkei falls on Hokkaido quake; spotlight on reshuffled benchmark stocks

Japan's Nikkei fell on Thursday on the back of broad weakness in global equities, while investors awaited damage assessments after a powerful earthquake in Hokkaido, the latest ...

FUNDS

AIG's Duperreault sees "huge potential" in investor market for insurance risk

American International Group Chief Executive Officer Brian Duperreault said on Wednesday he sees "huge potential" within the insurer's portfolio for use of a market in which inv...

EARNINGS

Bayer open for drug licensing deals, cutting debt remains priority

Bayer is ready to spend money on more drug licensing agreements like last year's deal with Loxo Oncology but its priority is to reduce debt after the takeover of Monsanto.

EARNINGS

Bayer cuts forecasts on Monsanto delay as lawsuits pile up

Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto, and said sales of its consumer care products fell, hitting its shares, alread...

FUNDS

UK's Sky to invest in Israeli VC fund and open Berlin office

Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by opening a new office in Germany and investing $4 million in an Israeli venture c...

BONDS

Kenya imposes 16 pct VAT on petroleum products, defying lawmakers

Kenyans will pay a 16 percent value added tax on all petroleum products from Saturday, the revenue authority said, a move that defies a parliamentary vote to delay the tax for t...