UBS fined £29.7m by FSA over Kweku Adoboli case
The Financial Services Authority (FSA) has fined UBS £29.7m ($47.6m) for failings that led to trader Kweku Adoboli losing £1.4bn. The fine, the third largest...
Tag : Business
Exclusive: Google Ventures beefs up fund size to $300 million a year
(Reuters) – Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google...
Plaintiffs, BP urge judge to approve $7.8 billion spill settlement
(Reuters) – BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico oil spill...
Baidu in 60% income rise as advertising revenues surge
Baidu, China’s biggest search engine, has reported a 60% rise in quarterly net income to 3.01bn yuan ($478m; £299m) compared to last year. Baidu said...