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After 15 years, lawsuit against UBS over Enron collapse is dismissed
A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp from retail customers, a decision that may end a 15-year legal battle stemming from the energy company's December 2001 bankruptcy.In a 228-page decision on Tuesday, U.S. District Judge
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ECB's Weidmann says Monte dei Paschi bailout must be carefully weighed: Bild
FRANKFURT European Central Bank policymaker Jens Weidmann said plans for a state bailout of Italian bank Monte dei Paschi di Siena (BMPS.MI) should be weighed carefully as many questions remain to be answered, according to German newspaper Bild."For the measures
IHC’s 2024 Financial Performance Reflects Robust Growth and Strategic Expansion
International Holding Company has unveiled its financial results for 2024, showcasing a substantial 54.2% increase in revenue, reaching Dhs92.7 billion, up from Dhs60.1 billion in 2023. This impressive growth is attributed to strong performances across various sectors, notably real
S&P, Nasdaq end lower with tech; Dow up
NEW YORK A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red on Thursday, while gains in bank and energy shares helped push the Dow to a record high close.Based on the
