List of All Articles with Tag 'sp'

HONG KONG Chinese property developers Dalian Wanda Group and Vanke have reached a settlement over a dispute related

Singapore sovereign wealth fund GIC Pte has scaled back a core quantitative unit set up in 2016 under

No Signboard Holdings Ltd.’s Chief Executive Officer Lim Yong Sim was charged with price rigging in Singapore, the

There are hundreds of breweries represented on the jerseys of the thousands of cyclists on RAGBRAI, the annual bike ride across Iowa

Surf Air Mobility Inc. began trading at $5 a share and fell 37% from there in the first

Singapore Airlines Ltd.’s net income climbed 98% from a year earlier in the three months through June to

MADRID Spain's unemployment rate fell to 11.60%, a 15-year low, down from 13.26% three months earlier, data from

MADRID The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex, on Thursday reported

Singapore’s labor market, which expanded at the slowest pace in seven quarters, is expected to cool further as

New Orleans Pelicans star Zion Williamson, his stepfather and his mother allegedly have failed to pay back $1.8 million of a $2 million loan from a California-based technology company

United Overseas Bank Ltd. second-quarter profit beat estimates, buoyed by rising lending income. Net income, excluding one-off expenses,

British billionaire Joe Lewis – whose family trust owns Tottenham – has been bailed by a judge in New York after pleading not guilty to charges of giving insider trading tips, according to reports. The 86-year-old, who faces 16 counts of securities fraud and three counts of conspiracy, appeared at an arraignment hearing at Manhattan Federal Court on Wednesday. After entering a not guilty plea Lewis was released on a bail of 300 million US dollars (£230m), reportedly secured by a yacht and private aircraft equivalent to that amount. Lewis, and two of his pilots who are also facing charges, must remain in the United States. Prosecutors say Lewis, who was arrested on Wednesday morning, is alleged to have used his access to confidential information to provide stock tips to individuals close to him, with the indictment referring to one girlfriend having made 849,000 US dollars (£657,000) on one of those tip-offs. Lewis’ legal counsel David Zornow, from the Skadden, Arps, Slate, Meagher & Flom firm, said: “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” Each of the first 13 counts of securities fraud carries a maximum sentence of 20 years in prison, Manhattan prosecutors said in a statement issued on Wednesday. The US Attorney for the Southern District of New York, Damian Williams, announced on Tuesday that Lewis had been indicted over a “brazen insider trading scheme”. Prosecutors said Lewis, by virtue of his investments in certain companies, received material and non-public information about these companies. A release from prosecutors on Wednesday alleged Lewis had “misused and misappropriated this confidential information to provide stock tips to various individuals in his life, including his employees, romantic partners, and friends, as a way to provide them with compensation and gifts”. It added: “These individuals, in turn, traded on the tips provided by Lewis for vast personal gain.” Lewis bought a controlling stake in Spurs in 2001 for £22million. He officially ceded control of the club last year, with Bahamian lawyer Bryan A Glinton replacing him as a director according to Companies House. His stake in the club – which he held through the ENIC Group alongside Daniel Levy – was formally handed to a family trust last year. Family members of Lewis remain beneficiaries of the trust. PA understands the Premier League does not consider Lewis as a person with control at Tottenham, and is therefore not subject to its owners’ and directors’ test. A Tottenham spokesperson said: “This is a legal matter unconnected with the club and as such we have no comment.” US prosecutors said Lewis is also alleged to have falsely disclosed the extent of his ownership shares in a pharmaceutical company, Mirati, “through an elaborate array of shell companies and other entities, including an offshore trust purportedly for the benefit of his granddaughter”. As a result of this alleged false disclosure, prosecutors said he was able to exercise warrants in Mirati that he would otherwise not have been able to exercise, “at vast financial gain”. Also charged were Patrick O’Connor and Bryan Waugh, two pilots employed by Lewis to fly his private aircraft. In one instance, it is alleged Lewis loaned each of them 500,000 US dollars (more than £387,000) to buy shares in a company before it publicly announced favourable information about some clinical results. This type of behaviour - blatant disregard for the law - is not only illegal but undermines the integrity of our financial markets. Christie M Curtis, FBI Federal Bureau of Investigation (FBI) acting assistant director in charge Christie M Curtis said: “As alleged, Mr Lewis treated material, non-public information at his disposal as though it was something he could give his friends and associates for their benefit. “This type of behaviour – blatant disregard for the law – is not only illegal but undermines the integrity of our financial markets. “The FBI is determined to ensure that anyone willing to perpetrate insider trading schemes is held accountable in the United States criminal justice system.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Kylian Mbappe reportedly turns down chance to discuss move to Al Hilal Sussex head coach Paul Farbrace says Jofra Archer is ‘on course’ for World Cup Tom Latham and Will Jacks both make 99 as Surrey build lead over Somerset