Archive For November 2009

K1 auditor says would be “bold” to conclude fraud

on November 1, 2009 by in Uncategorized, Comments (0)

An auditor for German hedge fund K1 Global Ltd said that “liquidity of K1 is apparently scarce”, temporarily preventing payouts to banks and clients, but it would be “bold” to conclude this stemmed from fraud.

Read more...

China sees rocky export rebound, shrinking surplus

on by in Uncategorized, Comments (0)

China’s exports face a “hard and tortuous” path to recovery as uncertainties dog the global economy’s gradual return to health, with this year’s trade surplus set to shrink from last year’s record, the Commerce Ministry said.

Read more...

Obama says new data shows U.S. economy recovering

on by in Uncategorized, Comments (0)

President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.

Read more...

Former hedge fund executive charged by SEC

on by in Uncategorized, Comments (0)

A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.

Read more...

Nine U.S. banks seized in largest one-day haul

on by in Uncategorized, Comments (0)

U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans.

Read more...

Iran’s Mousavi hints at new opposition rally

on by in Uncategorized, Comments (0)

Iranian opposition leader Mirhossein Mousavi appeared to urge his supporters Saturday to take part in rallies on November 4 marking the 30th anniversary of the student seizure of the U.S. embassy in Tehran.

Read more...

Roadside blast kills 7 Pakistan soldiers

on by in Uncategorized, Comments (0)

A roadside bomb killed seven Pakistani soldiers in the northwestern Khyber region on the Afghan border on Saturday, hours after warplanes struck suspected Taliban positions in a neighboring tribal area, officials said.

Read more...

Bush, Gorbachev, Kohl mark Berlin Wall’s fall

on by in Uncategorized, Comments (0)

George Bush, Mikhail Gorbachev and Helmut Kohl paid their respects to the ordinary people who were behind the peaceful revolution of 1989 that brought down the Berlin Wall at an emotional ceremony in Berlin on Saturday.

Read more...

Senior Iran MPs reject U.N. atom fuel plan

on by in Uncategorized, Comments (0)

Senior Iranian lawmakers voiced opposition on Saturday to a U.N.-drafted nuclear fuel deal, casting further doubt on a proposal aimed at easing international tension over Tehran’s atomic activities.

Read more...

Afghan vote in the balance, Abdullah may not run

on by in Uncategorized, Comments (0)

Afghan President Hamid Karzai’s election rival, Abdullah Abdullah, will announce on Sunday whether he will take part in next week’s disputed run-off vote, as Western diplomatic sources said he was leaning toward pulling out.

Read more...