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Swiss bank UBS was fined HK$400 million ($51.09 million) by Hong Kong's securities regulator for overcharging up to 5,000 clients for nearly a decade, the watchdog said on Monday. The Hong Kong Securities and Futures Commission (SFC) said in a statement that an investigation found UBS had overcharged clients on 'post-trade spread increases' and charges in excess of standard disclosures and rates between 2008 and 2017. The fine is the equal to the largest ever levied on a bank in Hong Kong....
Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping event. The S&P;/ASX 200 Index posted its highest closing price since August 1, the same week it reached an all-time high closing value of 6845....
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are......
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com......
Q2 2020 SoftBank Group Corp Earnings Presentation...
TORONTO, Ont. -- Using lifts in your shop instead of floor jacks, jack stands, creepers and pits makes an undeniable difference in productivity. The systems provide more convenient and comfortable access to every part of a truck that needs service. That lets technicians get more work done in less time, and with a lower chance of injury. ...
LONDON/AMSTERDAM (Reuters) - Prosus held firm on its $6.3 billion offer to buy Just Eat on Monday as it argued the merits of its bid versus one from Takeaway.com for the British online takeaway delivery firm. "We actually believe that financial markets are under- estimating the cost of implementing the transformation Just Eat requires to protect its market position and to capitalise on its long-term opportunity," Prosus CEO Bob Van Dijk said. Prosus has weighed in with an unsolicited cash offer of $6.3 billion, or 710 pence per share, for Just Eat....
