Wednesday, 25 Dec 2024

Business

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SEC collects nearly $4 billion in fines, disgorgement in fiscal 2018

WASHINGTON (Reuters) – The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday. The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion […]

UOB launches digital solution to help restaurateurs with inventory

SINGAPORE – Checking invoices is a big part of restaurateur Russell Yu’s day, and he is hoping that a new digital solution he signed up for last month can ease the process of tallying prices. For eggs alone, Iki Concepts, where Mr Yu, 32, is managing director, receives between 1,200 and 1,400 eggs every two […]

Take Five: World markets themes for the week ahead

LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ MIDTERM MADNESS If the last five U.S. midterm elections are anything to go by, investors should be long U.S. stocks on Tuesday to make the most of […]

NTR Renewables in €60m swoop for UK solar farms

NTR Renewable Energy Income Fund (II) has acquired nine operational solar assets in the UK for a total of €61.3m. Included in the price is a deferred consideration amount of €2.6m, which will be paid on the completion of certain conditions. This is the first transaction for the Irish investor, which has been set up […]

Shell boosts buybacks as cash pile surges to $15bn high

Oil is trading well below its price of a decade ago, but you’d have no idea looking at Royal Dutch Shell’s giant pile of cash. The Anglo-Dutch oil major generated the most cash from operations in 10 years last quarter – almost $15bn (€13bn). The last time Shell pumped out that much money was when […]

New EU customs plans could break Brexit deadlock

There are fresh hopes of a Brexit deal as EU chief negotiator Michel Barnier offered the UK an olive branch on the Irish Border. Mr Barnier briefed EU ambassadors yesterday during a meeting in Paris on plans to offer Prime Minister Theresa May a UK-wide customs arrangement while a new trade deal is being negotiated. […]

Edmonton’s 4-year operating budget proposes 3.3% tax hike next year

City administration has released the proposed four-year operating budget, which suggests a 3.3 per cent tax hike for Edmontonians next year. The proposed tax increase in 2019 is more than what city council originally anticipated. “I think we were all hoping for a lower number,” Councillor Bev Esslinger said Thursday. “That’s what we’ve heard from […]