Chinese stocks trading in New York rebounded as an accord between U.S. regulators and Deloitte Touche Tohmatsu CPA Ltd. damped concern that a ban on the Asian nations’ accounting firms would delay earnings reports.
Deloitte Touche Tohmatsu CPA Ltd. agreed with the U.S. Securities and Exchange Commission to end a lawsuit aimed at forcing the China-based firm to release documents related to its audits of Longtop Financial Technologies Ltd.
India’s stock exchanges are stepping up pressure on listed companies to improve shareholder disclosures as foreign institutional investors boost holdings in Asia’s fifth-largest equity market to an all-time high.
India is planning to combine the stock and commodities market regulators after a payment crisis led to the collapse of the nation’s biggest spot exchange, three people with direct knowledge of the matter said.
Chinese affiliates of the largest accounting firms will find out next week whether they have avoided being barred from leading audits for U.S.-listed companies after some documents at the heart of a series of accounting fraud probes were delivered.
The Bombay Bullion Association, a traders’ group, plans to buy a stake in the Multi Commodity Exchange of India Ltd. after the regulator declared its founder unfit to run the nation’s biggest commodity bourse.
Financial Technologies (India) Ltd., the founder of the Multi Commodity Exchange of India Ltd., was asked to cut its holding in the bourse after the regulator said it was unfit to own a controlling stake.
Financial Technologies (India) Ltd., the founder of the Multi Commodity Exchange of India Ltd., will need to trim its holding in the nation’s biggest bourse after the regulator said it was unfit to own a controlling stake.
Investigators probing the biggest payment default in India’s commodity market seized assets and properties worth $487 million from exchange officials and defaulters that may be used to clear dues to investors.