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At least four Morgan Stanley traders have reportedly been fired or placed on leave over allegations that millions in losses were hidden through securities mismarking. (Mismarking occurs when the value assigned to securities doesn’t reflect what they’re actually worth.) Morgan Stanley discovered faulty pricing had been used for emerging market options contracts that cost the bank up […]
Asian shares were lower on Friday as investors continued to watch for developments on U.S.-China trade following a recent escalation in tensions over Hong Kong. Asian Shares Hong Kong’s Hang Seng index led losses among major markets regionally as it fell 2.03% to close at 26,346.49, with shares of life insurer AIA dropping 2.24%. The Shanghai composite down 0.61% […]
Asian shares were mixed on Wednesday as investors look for concrete developments on U.S.-China trade as the threat of increased tariffs looms. Asian Shares Mainland Chinese stocks shed gains from an earlier recovery to end their trading day lower, with the Shanghai composite declining 0.13% to about 2,903.19 and the Shenzhen component slipping 0.3% at 9,648.39. The […]
A US lawyer has been found guilty for his role in the $5 billion OneCoin cryptocurrency scam and is facing a 50 year jail sentence. The scheme’s mastermind, Dr Ruja Ignatova, is still missing. She is believed to have defrauded million of investors worldwide and has been dubbed the “Cryptoqueen”. Mr Scott’s lawyers had said […]
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year. Asian Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.4% to a one-week high. Australian shares […]
Asian shares staged a cautious rally on Monday as investors dared to hope for some progress in the endless Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. Asian shares MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.7%, after losing 0.4% last […]