Singapore’s property stamp duty collections dropped 12% to S$5.95 billion ($4.42 billion) in the financial year ended March

Swiss inflation slowed to the lowest rate in one and a half years, testing the determination of Swiss

COURBEVOIE, France--(BUSINESS WIRE)--Jun 12, 2023--

By Karen Freifeld and David Shepardson NEW YORK/WASHINGTON (Reuters) -The White House on Wednesday will detail its plans to prohibit

By Huw Jones LONDON (Reuters) -The European Union's executive body said on Wednesday it has formally adopted a draft memorandum

The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported. The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded. DWAC had misled both the SEC and investors when it failed to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG. Special purpose acquisition companies are meant to identify and acquire operating businesses. But the SEC said in the forms DWAC filed to support its IPO in September 2021, neither it nor its officers had said it had discussions with any target companies before its IPO. But the SEC’s order found that the person who would become DWAC’s chief executive and board chairman, along with other people, had extensive special purpose acquisition company meetings with Mr Trump’s company, and that the executive had pursued talks with TMTG for another special purpose acquisition company he created. In turn, the SEC called DWAC’s Form S-1 false and misleading. “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman,” Gurbir S Grewal, the director of the SEC’s enforcement division. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” The SEC said that DWAC violated antifraud provisons of security laws. It had previously announced that it would pay an $18m settlement in the event it closes a merger transaction and it would sign a cease and desist order. Last month, federal authorities arrested Michael Shvartsman, Gerald Shvartsman and Bruce Garelick and the three were named in an unsealed federal indictment. The all pleaded not guilty to insider dealing at a court in New York City this month. Read More Truth Social’s merger partner reaches $18m settlement with SEC

IRVINE, Calif.--(BUSINESS WIRE)--Sep 21, 2023--

Sacks Parente Golf Inc.’s shares tumbled as much as 83%, erasing almost all of the big first-day gains

Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with

"Messi mania" has reached the United States, if ticket prices are any indication. On Wednesday, soccer superstar Lionel Messi said he's going to join the Major League Soccer club Inter Miami, a blockbuster announcement that shocked the sporting world.

LONDON British retail sales unexpectedly rose in May from April, suggesting most consumers were coping with high inflation's

ST. LOUIS & ALLENTOWN, Pa.--(BUSINESS WIRE)--Aug 28, 2023--