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Atlas plans job cuts after first-half profit drop

JOHANNESBURG: Atlas Mara Ltd, co-founded by former Barclays Plc chief executive officer Bob Diamond, said it will cut jobs and costs as weaker African currencies and slowing growth caused a 71% drop in first-half profit.

US charges celebrity billionaire with insider trading

WASHINGTON: US regulators on Wednesday charged Leon Cooperman, the celebrity billionaire founder of the Omega Advisors hedge fund group, with racking up more than US$4mil (RM16.5mil) in illicit profits from insider trading.

US SEC charges thrust billionaire Cooperman into spotlight

NEW YORK: The latest insider trading charges by US securities regulators placed an unwelcome spotlight on billionaire Leon Cooperman, the son of a Bronx plumber who rose to become one of the most gifted stock pickers of his generation.

Australia sees iron ore price heading sharply lower

SYDNEY: Australia has forecast a steep decline in the price of iron ore, its most valuable export commodity, calling an end to an unexpected rally fuelled by strong demand from China.

Australia sees iron ore price heading sharply lower

SYDNEY: Australia has forecast a steep decline in the price of iron ore, its most valuable export commodity, calling an end to an unexpected rally fuelled by strong demand from China.

Judge defers ruling on dismissal of billionaire Cooperman insider trading case

PHILADELPHIA: A U.S. judge on Tuesday held off ruling on whether to throw out a government complaint against billionaire investor Leon Cooperman and his firm, Omega Advisors Inc, after the defendant's attorneys requested a dismissal, in a case that could set a legal precedent on insider trading.

Greece recovery faces obstacle

LONDON: Since the last eruption of Greece’s long-running crisis in 2015, banks in Europe’s most troubled economy have shored up capital, staunched losses and set up a plan to reduce their mountains of bad debt.

Diamond returns with Panmure Gordon takeover

LONDON: Bob Diamond is returning to London’s financial centre with a takeover of brokerage Panmure Gordon & Co to build a boutique investment bank.

Billionaire Cooperman, Omega settle SEC insider trading charges

New YORK: Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay US$4.95mil to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them.Cooperman is worth $3 billion, according to Forbes magazine

SoftBank unit buys robotics businesses from Alphabet Inc

TOKYO: Japan's SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc, which would add to the group's growing artificial intelligence portfolio.