David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, were found guilty of conspiracy to commit wire fraud by a New York jury on Friday, according to a press release from the United States Attorney’s Office for the Southern District of New York. IcomTech Offered False Promises To Investors...
The Singapore stock market has alternated between positive and negative finishes through the last four trading days since the end of the four-day winning streak in which it had picked up almost 90 points or 2.8 percent. The Straits Times Index now sits just beneath the 3,500-point plateau and it may see additional support on...
Asian stocks ended mostly higher on Wednesday as a rebound in tech stocks helped offset hawkish comments from Federal Reserve officials. Amid much uncertainty about the interest-rate outlook, investors braced for the release of key U.S. inflation reading, due later this week for directional cues. Federal Reserve governor Michelle Bowman has warned of upside risks...
Michael R. Leach, the Chief Financial Officer of Allient Inc (NASDAQ:ALNT), has recently sold shares of the company\'s common stock, according to the latest filings with the Securities and Exchange Commission. The transaction, which took place on March 13, involved the sale of 5,000 shares at a weighted average price of $32.993 per share, resulting...
By Kylie Madry and Fabian Cambero SANTIAGO/SAO PAULO (Reuters) - LATAM Airlines (OTC:LTMAY) on Thursday posted a 95% year-on-year fall in net profit in the fourth quarter to $84 million, as its operations stabilized after exiting bankruptcy in late 2022. The sharp drop for the final three months of 2023 reflected a normalization for LATAM...
South Korean police have arrested 19 people on fraud charges in a swoop on a social media “crypto reading room.” Police think the international gang ran an “open chat room,” likely a crypto Telegram group or a KakaoTalk open chat, which pretended to offer bona fide crypto trading tips. Instead, officers said, the gang “defrauded...
TAIPEI (Reuters) - Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, made his first high profile appearance in months on Tuesday at the firm\'s 50th birthday, following the ending of his bid for Taiwan\'s presidency late last year. Gou, who stepped down as Foxconn chief in 2019 and resigned as a board...
The Switzerland market ended notably lower on Friday with stocks reeling under pressure right through the day\'s session amid concerns about the outlook for global economic growth. The benchmark SMI ended down by 115.29 points or 0.95% at 12,012.87. The index touched a high of 12,110.54 and a low of 11,987.23 in the session. Holcim...
By Brigid Riley TOKYO (Reuters) - As economic and geopolitical woes spur an exodus of investors from China, many have been redirecting money into Japan, giving the benchmark Nikkei an extra boost as it rockets to all-time highs. While some investors just want to say goodbye to Japan\'s troubled neighbour in embracing the land of...
By Sarah Young LONDON (Reuters) - Currys shares soared on Monday after Chinese online retailer JD (NASDAQ:JD).com joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group, which has already rejected Elliott\'s opening bid of $880 million. Currys stock jumped as much as 38% to 65 pence after JD.com confirmed...