Tag Archives: trades

Indian regulator fines Reliance unit $2 million for insider trading

MUMBAI (Reuters) – India’s stock market regulator has fined a unit of energy conglomerate Reliance Industries Ltd 110 million rupees (1 million pounds) over a 2007 insider trading case. The company, Reliance Petroinvestments Ltd, has 45 days to pay the fine, the Securities Exchange Board of India said in its ruling published late on Thursday. Continue reading

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Hexaware Tech up 2.35 pct after March qtr earnings

MUMBAI (Reuters) – Shares in Hexaware Technologies rose in early trades on Monday after the software firm posted January-March earnings that beat analyst estimates, dealers said. Net profit was at 792.8 million rupees in the quarter that ended March 31, and earnings per share for the period was 2.64 rupees, the company said in a regulatory filing. (Reporting by Archana Narayanan; Editing by Sunil Nair) Continue reading

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Monte Paschi says lost billions in deposits after February scandal

Customers’ deposits at Italian bank Monte dei Paschi fell by “a few billion euros” after a scandal erupted in February over loss-making derivatives trades at the lender, the bank said in a document posted on its web site on Saturday. Continue reading

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Ravens’ Ray Lewis lists Florida beach home

Two-time Super Bowl champion Ray Lewis lists his Florida home for sale, model Cheryl Tiegs’ home hits the market and Billy Bob Thornton trades his Beverly Hills home for a Brentwood place. Continue reading

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3 Big Consumer Stocks to Trade (or Not)

BALTIMORE (Stockpickr) –aPut down the 10-K filings and the stock screeners. It’s time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you. Continue reading

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S&P cuts Monte Paschi rating on derivative loss concerns

MILAN (Reuters) – Ratings agency Standard & Poor’s cut its long-term credit rating on scandal-hit Monte dei Paschi di Siena by one notch to “BB” on Thursday, citing concerns over potential losses from structured finance contracts. Last week, Italy’s third-biggest bank said that complex derivative trades, which only came to light recently, could cost it 720 million euros (£616.02 million) Continue reading

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Japanese Market Up Sharply As Yen Slides

TOKYO (dpa-AFX) – The Japanese stock market opened on a high note Friday, with a stronger dollar triggering some hectic buying across the board in early trades.With stocks gaining in strength, the… Continue reading

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Japanese Market Pares Some Losses After Sharp Setback

TOKYO (dpa-AFX) – The Japanese stock market opened sharply lower on Wednesday with a stronger yen triggering some heavy selling in exporters in early trades. With several stocks from other sectors… Continue reading

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U.K. Energy Sector Comes Under Fire

Six energy companies that dominate the U.K. power-and-gas market should be more transparent in disclosing the trades made between them, according to a report published Thursday by the parliamentary Energy and Climate Change Committee, which also criticized regulators and government for failing to help consumers make choices about their energy supplier. Continue reading

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U.K. Energy Sector Comes Under Fire

Six energy companies that dominate the U.K. power-and-gas market should be more transparent in disclosing the trades made between them, according to a report published Thursday by the parliamentary Energy and Climate Change Committee, which also criticized regulators and government for failing to help consumers make choices about their energy supplier. Continue reading

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