The Securities Exchange Board of India has been given legal permission to regulate any scheme involving the pooling of funds, similar to Ponzi schemes. The SEC India has been given search and seizure powers which will allow agents to seek any information in relation to suspect securities transactions. It will also be able to seize call data records and will be able to retain assets in ...
Indian-origin Lorgat named CSA chief following BCCI approval
Cricket South Africa (CSA) has reportedly named Indian-origin businessman Haroon Lorgat as its new chief executive officer (CEO), after getting a positive nod from the powerful Indian cricket authorities. According to Sport24, the position had not been filled on a permanent basis, since former CEO Gerald Majola was suspended and eventually sacked in 2010 for his part in the long-running bonus ...
Gardening for good Students community plot labors will benefit food shelves
DE PERE, Wis. -- As with many gardeners, weeding and watering are among the biggest challenges for St. Norbert College juniors Malorie Imhoff and Maria Howe. But the duo digs into the dirt with smiles. They helped organize a quarter-acre school community garden this year, which is beginning to sprout tomatoes, corn, lettuce, onions, beans and more. The idea is to grow food that can be shared ...
AAA says motorists experiencing sticker shock as gas pump prices rise 12 cents in a week
American motorists are bracing for further increases in gas pump prices this summer after average national prices rose 12 cents in the past week alone. AAA says drivers are experiencing "sticker shock" as increased summer demand, unrest in Egypt and production disruptions in the U.S. and other countries push up the price of crude oil and gasoline. The national average price for ...
Futures Movers Oil prices extend gains as dollar pulls back
LOS ANGELES (MarketWatch) -- Futures prices for U.S. benchmark crude oil rose Monday, with weakness in the dollar providing a platform for the commodity to reach for a new 52-week ...
Glaxo to reform China business executive tells government
GSK.L ) told Chinese police the British drugmaker will reform its business in the country in the wake of a bribery scandal, China's Ministry of Public Security said on ...
Analysis As WTI and Brent reunite Gulf of Mexico faces squeeze not glut
NEW YORK (Reuters) - Even after a surprisingly vigorous surge in U.S. crude oil prices finally eliminated a three-year discount versus global benchmark Brent, some cash markets are sending a curious signal: refiners are ready to pay even ...
Chinas rate reform adds to concerns for bank investors
Reuters ? An employee counts Chinese 100 yuan banknotes at a branch of Bank of Communications in Shenyang, Liaoning province in this July 6, 2012 file picture. ...
Boat lift buoys Minnesota manufacturers fortunes
The Swift Lift, a modular, portable lift for small boats and water bikes, has given a boost to inventor/entrepreneur Brian Varsoke?s contract-manufacturing company, Vanpro Inc. in Cambridge, ...
New leader wants to take BMO Harris into Minnesotas top tier
Todd Senger, BMO Harris Bank?s new president for Minnesota: ?We want to be in the same circles as U.S. Bank and Wells ...
Canadian retailing comes of age
When they emerged, Galen Weston, scion of a Canadian retailing dynasty, and Holger Kluge, chairman of the country?s biggest drugstore chain, had made a deal. The Weston group?s Loblaw grocery chain, by far Canada?s largest, agreed to buy Shoppers Drug Mart for $11.9 ...
Neal St. Anthony A private sector plans afoot to help fund Minnesota startups
Mark Dayton ?s administration to embrace a privately financed and operated equity fund capitalized by large Minnesota financial institutions, foundations and pension funds that would invest mainly in small-but-promising Minnesota ...
New car sales stalling in Europe
The European Automobile Manufacturers? Association reported last week that new-car registrations in the European Union were down 6 percent in June compared with those for that month a year earlier, and were running at their slowest pace since 1996. Even in Germany, whose economy has been stronger than those of most its European brethren, sales were the lowest for any June since the country ...
Business forum U.S. banks Triumph of low expectations
"It could have been worse" was the common refrain as American banks began reporting their second-quarter earnings. Indeed, the striking characteristic of the returns was their consistency. Big and small, local and national, lenders across the country have been benefiting from some common tail winds. Legal settlements are becoming sparser; the economy is expanding, albeit feebly, and ...
Golden Arches go up in Ho Chi Minh City
Decades after the Vietnam War, and years after the Communist-run country re-engaged with the world, Vietnam will pass another symbolic milestone as a contributor to the global economy when its first McDonald?s opens next year in Ho Chi Minh ...
Alarming rise seen in kids injured by falling TVs experts say sets furniture need anchors
CHICAGO -- Falling televisions sent nearly 200,000 U.S. children to the emergency room over 20 years and the injury rate has climbed substantially for these sometimes deadly accidents, a study found. Doctors and safety experts say better awareness is needed about the dangers -- especially the risks of putting heavier, older model TV sets on top of dressers and other furniture young children may ...
Movers Shakers Mitch Bleske Bremer Bank
St. Paul -based Bremer Bank as executive vice president and chief financial officer marks a homecoming. While eager to join Bremer?s executive committee and contribute to Bremer?s community-focused mission, Bleske said he and his wife, who have four children ages 10 and younger, also looked forward to returning to Minnesota after 10 years in Southern ...
Ask the Consultant Finding outside investors
How do we find investors who are not family or friends that will invest at the $50,000 level? Our company is Smashing Golf & Tennis. We are based in Chicago and 100 percent USA made. ...
$65M Sitt-uation set for Milford stores
EXCLUSIVE The retail stores at the Milford Plaza Hotel are being sold to Joseph Sitt of Thor Equities for $65 million, The Post has learned.Thor will buy the 27,456 square-foot slice of the mammoth Times Square-area hotel for $2,730 a square foot, sources said. The 27-story hotel, the city?s largest when it was completed in 1928, has 1,331 rooms and amenities that are being upgraded by ...
Japanese stocks lose steam as yen bounces
SYDNEY (Reuters) - Japanese stocks struggled to extend gains on Monday as an initial rally sparked by Prime Minister Shinzo Abe's big election win over the weekend fizzled with profit taking emerging after the yen bounced off ...
Sato says BOJ will act if needed wary of China slowdown
FUKUSHIMA, Japan (Reuters) - The Bank of Japan is prepared to inject more stimulus if the economy's recovery is threatened, board member Takehiro Sato said on Monday as he pointed to risks such as the slowdown in Chinese ...
J.P. Morgan U.S. energy regulator near $410 million settlement WSJ
(Reuters) - J.P. Morgan Chase & Co is close to a $410 million settlement of Federal Energy Regulatory Commission (FERC) allegations that the bank manipulated energy markets in California and the Midwest, the Wall Street Journal ...
Source: http://www.zimbabwenews.net/index.php/sid/215975658/scat/3a8a80d6f705f8cc
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