GlaxoSmithKline (GSK.L) said on Monday it had paid 64 billion rupees ($1.05 billion) to increase its stake in its Indian pharmaceuticals unit to 75 percent, as it banks on rising demand for medicines in emerging markets. Britain’s biggest drugmaker first announced plans to lift the holding in GlaxoSmithKline Pharmaceuticals (GLAX.NS) […]
Author: InvestAdvocate
NSE Foreign Portfolio Inflow down -3.49%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Total foreign portfolio investment inflow at the Nigerian stock exchange (NSE) went down by -3.49 percent (-3.49%) as it recorded N39.53 billion in January 2014 compared to N40.96 billion in the corresponding period of 2013. Analysis of transactions for the period ended January 31, 2014 […]
SEC Said to Probe Whether Forex Rigging Distorted Options
The U.S. Securities and Exchange Commission is investigating whether currency traders at the world’s biggest banks distorted prices for options and exchange-traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter. The SEC’s inquiry adds to European and U.S. regulatory probes of possible manipulation […]
