Stock Brokers News
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Hong Kong businessman Carson Yeung’s purchase of the English soccer club Birmingham City was partly paid with funds in bank accounts connected to his money laundering trial, a prosecutor said.
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Hong Kong businessman Carson Yeung’s purchase of the English soccer club Birmingham City was partly paid with funds in bank accounts connected to his money laundering trial, a prosecutor said.
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Carson Yeung, owner of English soccer club Birmingham City, asked a Hong Kong court to halt his trial for laundering HK$721.3 million ($93 million) because records of his wealth from stock trading can’t be obtained.
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AMMB Holdings Bhd. and K&N Kenanga Holdings Bhd. are among first-round bidders for Hwang-DBS (Malaysia) Bhd., the investment bank backed by Southeast Asia’s largest lender, said four people with knowledge of the matter.
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India’s stock regulator issued new guidelines aimed at preventing flawed orders and uncontrolled trades after a brokerage mistake wiped 16 percent off the S&P CNX Nifty Index in eight seconds in October.
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Hwang-DBS (Malaysia) Bhd., the investment bank backed by Southeast Asia’s largest lender, is considering a sale after the death of its founder last year, one person with knowledge of the matter said.
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InterMune Inc. had good news to announce about its lung disease drug.
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Wells Fargo & Co. is betting its securities business can thrive 600 miles from New York in the same city Bank of America Corp.’s traders largely abandoned.
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Lawmakers backed tougher European Union curbs on high-frequency trading and limits on commodity speculation as part of a push to toughen the bloc’s financial market rulebook.
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Jonathan L. Auerbach, who explored new frontiers for investors as co-founder of Auerbach Grayson & Co., a brokerage that specializes in international trading, has died. He was 70.
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