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The Securities and Exchange Commission today announced an award of almost $30 million to two insider whistleblowers whose tips led SEC staff to open an investigation.  The first whistleblower, who was the first to alert SEC staff of potential wrongdoing and provided substantial, ongoing assistance, received an award of approximately $22 million. The second whistleblower […]

Wirecard, which primarily processes payments for merchants and helps companies to issue pre-paid cards in Singapore, filed for insolvency in June after a 1.9 billion euro ($2.3 billion) hole was discovered in its books. Singapore police are among a number of global authorities investigating Germany’s biggest post-war corporate fraud. “Wirecard SG has informed MAS that […]

Asian stocks slipped and the dollar was under pressure on Wednesday in the lead up to the first U.S. presidential debate, as financial markets looked to take a measure of both candidates. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1% in early trade. It is headed for a monthly drop […]

Asian shares are higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5% to 550.47, but still within striking distance of a two-month low of 543.66 […]

Asian shares rose on Friday after robust U.S. housing data supported a late tech-driven rally on Wall Street, with investors picking up the pieces a day after a broad regional index posted its biggest daily loss in more than three months. Asian shares MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4% higher, after […]

Asian stocks were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Asian Stocks Japan’s benchmark Nikkei 225 NIK, -1.10%  declined 0.7% to 23,185.16. Australia’s S&P/ASX 200 XJO, -0.81%  slipped nearly 1.0% to 5,866.90. South Korea’s Kospi 180721, -2.59%  plunged 1.9% to 2,288.28. Hong Kong’s Hang Seng HSI, -1.82%  dropped 1.4% to 23,408.88. The Shanghai […]