20 July, 2015 by The TZ Newswire Staff Comments Off on New York intensifies probe into Promontory work for Standard Chartered
New York intensifies probe into Promontory work for Standard Chartered
New York state’s banking regulator has intensified an investigation into Promontory Financial Group, a global consulting firm, over its work for Standard Chartered Plc (STAN.L), according to a person familiar with the matter. The probe, conducted by the New York State Department of Financial Services (NYDFS), focuses on a 2011 report to regulators about the British bank’s transactions with Iran and other sanctioned countries, the person said. At stake in the investigation is whether Promontory may have amended the report to regulators under pressure from the bank, the source said.
20 July, 2015 by The TZ Newswire Staff Comments Off on Lockheed to buy Black Hawk maker Sikorsky for $9 billion
Lockheed to buy Black Hawk maker Sikorsky for $9 billion
Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed’s dominance in weapons making. Lockheed will also review the possible sale or spin off of $6 billion in other information technology and services businesses. The Pentagon’s largest supplier called Sikorsky a “national icon” and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.
20 July, 2015 by The TZ Newswire Staff Comments Off on Lockheed to buy Black Hawk maker Sikorsky for $9 billion
Lockheed to buy Black Hawk maker Sikorsky for $9 billion
Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed’s dominance in weapons making. Lockheed will also review the possible sale or spin off of $6 billion in other information technology and services businesses. The Pentagon’s largest supplier called Sikorsky a “national icon” and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.
20 July, 2015 by The TZ Newswire Staff Comments Off on Gold steadies after rout, but bearish sentiment intact
Gold steadies after rout, but bearish sentiment intact
Gold stabilized on Tuesday, holding just above a five-year low, but with investors still clinging to views of further price falls a day after the metal lost 4 percent. “This clearly means that the bearish sentiment for gold remains even at this juncture,” said OCBC Bank analyst Barnabas Gan. A looming increase in U.S. interest rates has been a key driver in gold’s descent along with sluggish demand in top consumers China and India.
20 July, 2015 by The TZ Newswire Staff Comments Off on Gold steadies after rout, but bearish sentiment intact
Gold steadies after rout, but bearish sentiment intact
Gold stabilized on Tuesday, holding just above a five-year low, but with investors still clinging to views of further price falls a day after the metal lost 4 percent. “This clearly means that the bearish sentiment for gold remains even at this juncture,” said OCBC Bank analyst Barnabas Gan. A looming increase in U.S. interest rates has been a key driver in gold’s descent along with sluggish demand in top consumers China and India.
20 July, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: China stocks turn higher
Asia Markets: China stocks turn higher
Stocks in Asia edge higher on the tail of strong corporate earnings in the U.S.
20 July, 2015 by The TZ Newswire Staff Comments Off on Asia Markets: China stocks turn higher
Asia Markets: China stocks turn higher
Stocks in Asia edge higher on the tail of strong corporate earnings in the U.S.