The social network priced at the top end of the range it set earlier this week, when it said it would price its IPO at $34 to $38 a share from $28 to $35 a share, in a sign of the tremendous investor appetite for the offering. At $38 a share, Facebook is
Goldman Sachs Group Inc. (GS) and Merrill Lynch & Co. employees discussed helping naked short-sales by market-maker clients in e-mails the banks sought to keep secret, including one in which a Merrill official told another to ignore compliance rules, Over
The trading week in Europe opened with shares heading downward on the whole. Particular concern was focused on the difficulty in forming a new government in Greece and the weekend scenes of Europeans taking to the streets over economic issues.
The 37th annual conference and meeting of the International Organisation of Securities Commissions (IOSCO), the global standard setter for securities market regulation, of which Nigeria is a member, kicked off in Beijing, China on 13th May 2012. The conf
Facebook Inc. set the price range for its initial public offering at $28 to $35 a share, in a landmark deal that would raise as much as $13.6 billion for the social network and insiders.
The eurozone crisis is back with a bang, with the pain, once again, most visible in Spain. The Spanish IBEX is being hammered on the latest PMI data, which points to an ever deepening recession.
The U.K. is back in recession: the economy shrank 0.2% in the first quarter after a 0.3% decline in the fourth. Many, including the Bank of England, seem minded to discount the Office for National Statistics data, pointing to buoyant surveys and concerns
Risks from dwindling foreign investment are looming for India. The solution requires some combination of an improving economy and a credible policy response.
Regulators, like the rest of us, are prone to making the same mistake over and over. Unfortunately, their folly can prove dangerous for markets and taxpayers.