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At least four lawsuits had been filed claiming the company and the lead dealers of its shares had withheld crucial information from smaller investors. The Massachusetts state government issued a subpoena for the lead underwriter, Morgan Stanley, over how it shared information ahead of the massive share sale. And one investor sued the Nasdaq OMX exchange for damages resulting from the huge computer glitches that stalled or prevented the execution of orders on millions of shares after the shares hit the market Friday
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CAMP DAVID: World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe’s debt crisis. A summit of the G8 leading industrialized nations came down solidly in favor of a push to balance European austerity – an approach long driven by German Chancellor Angela Merkel – with a new dose of U.S.-style stimulus seen as vital to healing ailing euro-zone economies
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The International Monetary Fund (IMF) stated global financial distress and a sluggish recovery in South Africa as one of the reasons of slow rate. Africa s growth has remained above 5 percent in the last eight years, underpinned by strong prices for its natural resources, better governance and growing disposable incomes. In its latest Regional Economic Outlook, the IMF forecast 5.4 percent growth this year from 5.1 percent in 2011.
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뭄바이: The rupee fell on Friday, posting its longest weekly losing streak since the 2008 global financial crisis, after data showing a contraction in factory output for March added to worries about India’s economic outlook. The rupee remains within sight of a record low of 54.30 against the dollar hit in December, having fallen for six consecutive weeks, its longest losing streak since a string of 11 weekly losses in late 2008.
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이슬 라마 바드: Pakistan and Iran have hit deadlock in talks about a barter deal for Pakistani wheat to get round Western sanctions because Tehran is offering too little for the grain, a Pakistani newspaper reported on Wednesday.
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뭄바이: The rupee dipped below 53 to the dollar on Wednesday, nearly touching a four-month low, as oil importers bought the U.S. currency, but suspected Reserve Bank intervention helped it recoup some losses.
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워싱턴: President Barack Obama signed an order on Tuesday giving the Treasury Department more power to take action against foreign in dividuals and companies wh o try to circumvent U.S.
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Canada Post Group of Companies reports a consolidated financial loss before tax of $253 million for 2011
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SEOUL: The Beatles may have sung “all you need is love,” but in South Korea a couple wanting to get married also needs cash, a lot of it – nearly $200,000 (122,925 pounds), or more than four times the average annual income. The sky-high costs stem from a combination of cultural traditions that mandate expensive pre-wedding gifts between families, such as mink coats and diamond rings, along with a decades-old custom that the groom must fork over money to provide a home.
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QUETTA: Chief Justice of Pakistan, Iftikhar Mohammad Chauhdry on Thursday summoned Inspector General Frontier Corp
