Israeli Court Convicts Prominent Tycoon of Securities Fraud
JERUSALEM — An Israeli court has convicted one of the country's most prominent businessmen of securities fraud.The Tel Aviv District Court on Monday found former IDB Holding Corp. controlling shareholder Nochi Dankner guilty of carrying out millions of dollars' worth of fraudulent transactions in an attempt to influence the share price of the troubled company.IDB, whose holdings include a major mobile phone carrier and a leading supermarket chain, took on millions of dollars in debts following..>> view originalOil climbs as market seen in balance, but slow demand weighs
LONDON Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.Brent crude futures LCOc1 were trading at $50.58 per barrel at 0938 GMT, up 23 cents from their last settlement. U.S. crude CLc1 was up 17 cents at $49.16.U.S. markets are closed on Monday for the U.S. Independence Day holiday.The energy minister of Saudi Arabia, the world's top crude exporter, and the secretary general..>> view originalEuropean, UK shares snap winning streak, silver surges
LONDON The post-Brexit recovery across European markets stalled on Monday with major share indexes mixed and safe-haven demand for precious metals helping the price of silver surge to a near-two year high.Light trading volumes because of the July 4 public holiday in the United States is likely to keep markets choppy through the day.Europe's Stoxx 600 fell 0.4 percent and London's FTSE 100 .FTSE fell 0.2 percent with weaker financials offsetting gains from shares in mining companies.Earlier in..>> view originalThe Bank of Japan Paints Itself Into a Negative Rate Corner
It’s the things you least expect that hit you the hardest. Yields on once-calm Japanese government bonds have become deeply negative and their prices intensely volatile—all this in a market that should be risk-free and dull. Earlier this month, Japanese government bonds with maturities up to almost 20 years went negative. That means almost 87% of Japanese government bond yields are now below zero. The side effects aren't quite...>> view originalPower Outage at Lambert Airport
story updated on July 3 at 4:54 pm Lambert Airport was without power for several hours Sunday afternoon after a transformer blew in Terminal One. Officials say they don’t know what caused it, but travelers checking into flights took much longer because the systems had to be operated manually. Airport director Rhonda Hamm-Niebruegge says they did have a few cancellations, “For the ten flights that were canceled, we’d anticipate that’s approximately 500-600 people impacted. We have seen some d..>> view originalAustralian Election Losers Could Include Triple-A Rating
SYDNEY—Australia could lose its rare triple-A credit rating after a tight general election raised questions about the next government's ability to curb spending and bring down debt. The election remains too close to call, but the prospect of a lengthy ...>> view originalThree Former Barclays Traders Found Guilty in Libor Case
Three former Barclays Plc traders were found guilty of Libor manipulation almost four years to the day since the bank paid out hundreds of millions of dollars in fines for fixing the key benchmark rate behind more than $350 trillion in securities.Jonathan Mathew, 35, Jay Merchant, 45, and Alex Pabon, 38, were convicted last week of conspiring with other Barclays employees to rig the London interbank offered rate between June 1, 2005, and August 31, 2007. Jonathan Mathew, Alex Pabon and Jay Mer..>> view originalUK to slash corporation tax to cushion hit from Brexit
LONDON/DUBLIN Britain has announced plans to cut corporation tax to less than 15 percent in an attempt to cushion the shock of the country's decision to leave the European Union, raising the prospect of competitive tax cuts across the bloc.Finance minister George Osborne told the Financial Times he wanted to build a "super competitive economy" with low business taxes and a global focus.The new rate, which was announced without a target date, compares with Osborne's previous target to cut corpo..>> view originalA quarter of recent retirees would delay Social Security if they had a do-over
(zimmytws/Bigstock) I seldom write about Social Security without an huge response from readers. That’s not a bad thing. It seems that just about everyone has an opinion about Social Security – especially when it comes to the decision on when to take it. Many financial advisers recommend that people wait until 70, very few do. In fact, most people don’t even wait until full retirement age, and end up taking it as soon as they are eligible – at 62. Well, a new survey says that, given the chanc..>> view originalStocks Roundup: D R Horton (DHI), Gentex (NASDAQ:GNTX), Bristol Myers Squibb (NYSE:BMY)
Stocks Roundup: D R Horton (DHI), Gentex (NASDAQ:GNTX), Bristol Myers Squibb (NYSE:BMY) Gentex Corporation (NASDAQ:GNTX) saw its value remained unchanged by 0.00% as the stock unchanged $0.00 to finish the day at a closing price of $15.45. The stock was lighter in trading and has fluctuated between $12.93 – $16.91 per share for the past year. The shares, which traded within a range of $15.38 to $15.75 during the day, are up by 2.28% in the past three months and lower by -2.43% over the past s..>> view original
Monday, July 4, 2016
Israeli Court Convicts Prominent Tycoon of Securities Fraud and other top stories.
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