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(Reuters) - A federal appeals court dismissed a lawsuit seeking to hold JPMorgan Chase & Co responsible for services allegedly provided by the former Washington Mutual Inc to advance a Ponzi scheme at Caribbean-based Millennium Bank.
Securities Commission (SC) felt that despite market volume last year growing by 31.6% from 2010, more could be done to drive interest of retail investors in the equities market. SC chairman Tan Sri Zarinah Anwar said in an interview with StarBizWeek increasing participation of retail investors could be achieved by getting more people to trade and one way of achieving that could be by providing more information and education to retail investors.
Asian shares rose on Thursday, retaining positive momentum as the Federal Reserve reassured markets that it will keep its very accommodative stance to support growth, while optimism grew over strong quarterly corporate earnings.
LONDON/LISBON (Reuters) - Portugal's slide towards becoming the next Greece - needing a second bailout to avoid bankruptcy - accelerated on Monday as untrusting underwriters hiked the cost of insuring Lisbon's bonds to new highs and insisted it be paid up front.
DATUK Seri Idris Jala has come a long way since his first job as an industrial relations officer in Shell Malaysia. If not for an interesting twist of fate, he could well have been an unknown professor sharing his insights to a limited audience – a classroom of undergraduates or at an international conference with his peers.
LONDON: Investors breathed a sigh of relief on Monday after Greece's election eased fears that Europe's currency bloc would break up, boosting shares and sending the euro to a one-month high.