July 27, 2018/AfDB The Africa Investment Forum (AIF), African Development Bank’s new platform to enhance private-sector cooperation and drive investment to key development sectors on the continent, has received commendation from South Africa’s Finance Minister, Nhlanhla Nene. Nene met business leaders and officials at a panel discussion on Wednesday, held […]
Investors Bite
Facebook stock drops roughly 20%, loses $120 billion in value after warning that revenue growth will take a hit
Facebook earnings include ‘nightmare guidance’ 26/7/2018/MartketWatch By MaxA. Cherney Tech reporter Facebook Inc. is evidently not bulletproof. On Thursday, Facebook FB, -18.96% lost about $120 billion in market capitalization, after its earnings report after the market close on Wednesday missed expectations on revenue and showed slowing user growth. Weak guidance […]
SEC Freezes Assets of Denver-Based Group Associated with Alleged $55 Million Ponzi Scheme
July 26, 2018/US SEC The Securities and Exchange Commission today announced the unsealing of fraud charges against a group of companies and their principal who allegedly bilked at least 150 investors in a $55 million Ponzi scheme. The SEC obtained an emergency asset freeze and other relief. According to the […]
