The PSE President Hans Sicat says sales record still achievable within the year. According to the Philippine Stock Exchange, the target for record shares sales for 2013 is still achievable.
Legal & Regulatory
Audi: Trade Talks Chance To Change Rules
Audi sees trade talks as chance to cut back on rules set by U.S. regulators Manufacturer of advanced lighting systems, Audi AG, sought the approval of futuristic headlights which will automatically dim for oncoming vehicles, which are set to be sold in the US.
Perry Capital sues U.S. government over Fannie Mae Crisis
The U.S. Treasury is being sued by Perry Capital LLC over its handling of Fannie Mae and Freddie Mac.
Cohen To Remain Under Investigation
According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.
Wal-Mart Stalls Expansion to India
Wal-Mart’s expansion to India was stalled after stating that the company needs around 12 to 18 months before it can open its first retail outlet in the country.
Latest News
Former Provident executives were sentenced to jail after pleading guilty for investment fraud. According to United States attorney John M. Bales' statement today, four executives from Provident Royalties, Inc.
The IRS proposed reform for the money market fund industry is set to tackle tax matters. On Wednesday, the US Internal Revenue Service recommended new regulations.
The Reserve Bank of India announced new guidelines regarding the 'ownership' and 'control' of FDIs in the country.
US investment industry continued to resolve the problems on ethics and costs amidst controversies. An average of US$8 million would be spent by Wall Street's brokerages.
Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned. The CEO of Lululemon Athletica Inc. suddenly decided to resign from her position.
According to a new accounting rule, pensions were in bad shape. According to a new accounting rule that would take effect next year, US pensions were only 60% funded in 2012.
ICI reported to the Federal Reserve a rise in total money market mutual funds The Investment Company Institute (ICI) issued a report for money market mutual funds assets: "Total money market mutual fund assets increased by $12.
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
