Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future. European stock markets are expected to track Asian peers lower, with financial spreadbetters predicting […]
Author: InvestAdvocate
Former KPMG partner pleads guilty to insider trading scheme
Scott London, a former senior partner with accounting firm KPMG, agreed to plead guilty to securities fraud for his involvement in insider trading, according to an announcement from the U.S. Attorney’s Office in Los Angeles. London, 50, supervised more than 500 accounting professionals at KPMG and oversaw audits of Herbalife […]
Morgan Stanley property unit to raise up to $3 billion global fund: WSJ
Morgan Stanley’s (MS.N) real estate unit, Morgan Stanley Real Estate Funds, is looking to raise between $1 billion and $3 billion for a global property fund, the Wall Street Journal reported, citing people familiar with the discussions. Morgan Stanley executives have begun talks with pension funds and other prospective investors, […]
