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July 16, 2024
The other thing they are focused on is unemployment. The stimulus in europe and we wait to see what happens in the u. S. Alix the latest on twitter was gold or tesla reaches 2000. I covered gold back in the day and the coverage was google or gold at 2000. You dont want to miss this. His insight on u. S. And european equities as well as tesla. What you do before earnings . U. S. China tensions flaring up again. The u. S. Secretary of state mike pompeo spoke about the issue in remarks in copenhage...
July 16, 2024
Ridehailing company grab is among the companies reconsidering partnerships. And it is rent day for britains commercial tenants, but how many businesses will pay up . Theu. K. Plans this as u. K. Plants substantial easing of lockdown measures. We will get analysis. Lets have a look at where we are on the futures picture for equity markets. This is the picture for european futures. Stoxx 50 futures and ftse futures both down around. 06 0. 6 . It looks like we will have a bit of a move to the downs...
July 16, 2024
Good morning, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets. The markets focusing on data out of france. Verye expecting pmis shortly but also focusing on the china deal after there was confusion on whether the deal with China Remains intact or not. First to the data that is just coming out. There was a bit of a surprise when it came to the french pmi above 50. Anything above 50 in this environment, remember, anything above 50 means expansion. A...
February 8, 2024
A 60-year-old Indian-origin Singaporean man was sentenced to four week in jail on Wednesday for failing to exercise diligence in his duty as a director of a company which received more than Euro 54 million (SGD78 million) from Germany's Wirecard.
February 7, 2024
Thilagaratnam Rajaratnam admitted he had signed multiple letters linked to his firm while being unaware of its dealings. Read more at straitstimes.com.
February 6, 2024
The key prosecution witness in Germany's sprawling fraud trial of disgraced payments group Wirecard has been released from custody after more than three and a half years. A Munich regional court suspended the arrest warrant for Oliver Bellenhaus, subject to strict conditions, a judiciary spokesman said on Tuesday. He had worked for Wirecard in Dubai until 2020, Bellenhaus returned to his native Germany to face justice in the summer of 2020, after the stunning collapse of the former blue-chi...
January 3, 2024
Crisis looms over Germany as Olaf Scholz faces a possible early departure from his role amid a catastrophic decline in the Social Democrats popularity and the shadow of a $2 billion financial scandal.
December 29, 2023
The insolvency administrator for the collapsed payment service provider Wirecard is demanding around €1.5 billion ($1.7 billion) in damages from the international auditing firm Ernst and Young, which goes by the initials EY. The lawsuit was filed at the Stuttgart regional court on December 20th, a spokesman said on Friday. It was filed there because EY is based in Stuttgart. Neither EY nor a spokesman for the insolvency administrator wanted to comment on the case on Friday. The insolvency...
December 23, 2023
Accounting firm Ernst and Young faces a damages claim over the approval of the annual accounts of the collapsed payment provider Wirecard. Several former Wirecard executives have been on trial for fraud.
December 17, 2023
German payment processing firm Wirecard's former COO, who went missing after the unearthing of a fraud, is reportedly a Russian agent.