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Kweku Adoboli will face a second count of fraud in addition to two charges of false accounting over three years at UBS

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...a record, namely an exchange traded fund transaction”. After Kweku Adoboli’s first appearance in court, UBS revised upwards the cost of the rogue trading to 2.3 billion US dollars (£1.5 billion) after previously saying the incident had cost it in the range of two billion US dollars (£1.3 billion). British Financial Services Authority and its Swiss counterpart have launched an investigation...

Venezuela’s government has announced measures to address the country’s foreign currency crisis and boost the economy

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...220;unscrupulous businessmen” of manufacturing the crisis to undermine his left-wing policies. In his state of the nation address before the National Assembly last week Nicolas Maduro vowed to introduce tougher penalties for “sabotage and speculation”. On the black market, dollars can be bought and sold at 10 times the official 6.3 exchange rate. Related search articles:Venezuel...

Ryland Goldman is the 7-year-old owner of Ryland's Restaurant opened in Los Gatos

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...reakfast to them.” Ryland Goldman is the 7-year-old owner of Ryland’s Restaurant opened in Los Gatos Ryland Goldman is a second grader who loves to be in the kitchen and saw the business opportunity. Every couple of weeks, Ryland Goldman sets up a folding table and lays out the biscotti, muffins, and brownies he has baked . There is also milk, orange juice, and Starbucks coffee he and...

Target is being sued by at least 11 customers over a credit card security breach

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...of [Target's] failure to keep class members’ data secure are severe”, citing billions of dollars lost each year to identity theft. If the cases are allowed as a class-action, it is believed the potential number of plaintiffs could be in the millions of dollars. Meanwhile, JP Morgan Chase said it had lowered daily spending limits to $300 and daily cash withdrawal limits to $100 on poten...

Billionaire Harold Simmons made his fortune through investing and corporate takeovers

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...ied at Baylor University Medical Center. Annette Simmons said her husband had been in Baylor’s intensive care unit for the last eight days, the newspaper reported. She did not give the cause of death. The billionaire made his fortune through investing and corporate takeovers. The Dallas Morning News said his net worth was $10 billion. Two years ago, Harold Simmons gave millions of dollars to...

Kweku Adoboli, the rogue trader arrested in London for $2 bn UBS losses (Facebook image)

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...aff: “We regret to inform you that yesterday we uncovered a case of unauthorised trading by a trader in the Investment Bank. We have reported it to the markets in line with regulatory disclosure obligations. “The matter is still being investigated, but we currently estimate the loss on the trades to be around 2 billion US dollars.” Oswald Gruebel vowed to “establish exactly what has happened” and...

NYSE Dow Jones is the ninth consecutive day of decline marking the collapse of the longest history.

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...preferred to withdraw the Swiss franc and gold which is why the central bank of Switzerland decided in an unprecedented measure to reduce the interest to “near zero” to avoid a new assessment. The other major exchanges, such as the London and Frankfurt indices recorded declines of more than 10%. [googlead tip="patrat_mare" aliniat="centrat"] Related search articles:noel jones net wor...

Canadian entrepreneur Taylor More is hoping to be the first person to sell his house for virtual currency Bitcoins

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...tual currency Bitcoins. Taylor More listed his two-bedroom Alberta bungalow, asking 405,000 Canadian dollars ($395,000) – or the equivalent in Bitcoins. The man says the first reaction of his family was that of a shock. Bitcoins are now a widely used alternative payments system and one Bitcoin is currently worth about $59. “Bitcoins are really hard to get your hands on if you want to g...

More than 60 percent of voters backed the new Egypt’s constitution in a referendum, although only a third of the electorate voted

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...ult was announced on Tuesday, dozens of anti-constitution protesters blocked one of the main bridges in the capital Cairo, setting tyres alight and stopping traffic. Parliamentary elections must now take place within two months. The political divisions surrounding the referendum have led to economic uncertainty and a reported rush to buy US dollars. Currency exchanges in parts of Cairo were said t...

Richard O'Dwyer Extradition Support

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...ated with travel to the US, accommodation and the cost of securing an address for Richard to live at in order to be allowed bail. These costs will have to be covered by me somehow,” Julia explains. “What concerns me are the unknown additional costs which we could be faced with such as a large bail bond or an even more costly financial penalty running into hundreds of thousands of dollars if Richar...

If Amanda Knox is absolved of one of the most grippingly macabre crimes of recent times, her story is expected to be turned into a multi-million-dollars Hollywood movie

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...bottom are considering a rival film with Colin Firth, who owns a villa not far from the murder scene in Perugia, portraying a crusading reporter who proves Amanda Knox’s innocence. At this moment, three American TV networks are already said to have offered a million dollars for the first interview with Amanda Knox should she walk free. Amanda Knox’ Seattle-based PR agent says he has piles of inter...

Chinese national Xiang Li has been sentenced to 12 years in prison in US for selling more than $100 million of pirated US software

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...$1,200 – while the retail value of the products were much higher, ranging from several hundred dollars to more than one million dollars apiece, according to US officials. Chinese national Xiang Li has been sentenced to 12 years in prison in US for selling more than $100 million of pirated US software The pirated programmes were transferred to customers via email, and Xiang Li and a second s...

When ordered by a judge to pay her ex-husband $50.12 as part of a divorce settlement, an ex-wife ponied up the money in pennies delivered in Tupperware filled with rice and beans

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...pay her ex-husband $50.12 as part of a divorce settlement, the aggrieved spouse ponied up the money in pennies delivered in Tupperware filled with rice and beans. To add insult to injury, the unnamed woman wrote her husband a stinging farewell note. “Andy, Here’s forty seven dollars and twelve cents in pennies,” the note read. “The other three dollars paid for the containers that I used. Re...

Twitter’s shares opened at $45.10 each in the first minutes of trading on the NYSE

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...not necessarily be there.” Twitter’s founders saw their paper wealth soar to $4 billion in the wake of the stock surge early this morning, although boss Dick Costolo said that none of the founders would immediately be selling their shares. The company’s co-founder Evan Williams has a 10% stake in Twitter, making him its biggest shareholder. That stake is now worth a little over...

Twitter shares have been priced at $26 each, ahead of its debut on the NYSE on Thursday

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...more revenue from advertisers outside the US. Its $18 billion valuation includes the value of shares in compensation schemes for employees and other share awards. Twitter shares have been priced at $26 each, ahead of its debut on the NYSE on Thursday Co-founder Evan Williams is the biggest shareholder in the firm with a stake of more than 10% worth more than a billion dollars. Another of the foun...

Venezuela has announced it will use fingerprint checks at its borders to prevent a popular travel scam

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...wance at a cheaper rate. But amidst the economic crisis, some are only buying travel tickets to sell dollars on the black market and making a profit of nearly 700%. Credit cards will be activated abroad only after checking that the person has left the country, authorities say. Venezuela has been going through an economic crisis, with rising inflation and shortages of basic products, such as milk a...

Argentina’s President Cristina Fernandez de Kirchner has criticized her country's elite for trying to create a negative image of her government

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...government, the Congress approved a new media law that critics say restricts freedom press. She also introduced tighter regulations for Argentines attempting to buy foreign currency. In her interview with state television, Cristina Fernandez de Kirchner said the measure was necessary. “As president I look after the interests of 40 million Argentines. So, as I don’t print dollars, I nee...

Daniel Shak has filed a lawsuit against his ex-wife Beth Shak for a portion of her luxury shoe collection, which he claims he knew nothing about at the time of their divorce

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...enue with his then-wife, said that she kept her enormous stockpile of shoes hidden from him possibly in a “secret room”, the New York Post reported. Daniel Shak now wants to get his hands on his ex-wife’s pricey pumps, which he says would entitle him to hundreds of thousands of dollars more in their divorce settlement. However, Daniel Shak’s claim that his ex-wife had successfully kept him in the...

Honey Boo Boo proved her personality is far from pint sized on last night's episode of Jimmy Kimmel

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...he children in a trust fund. Meanwhile, they youngster decides to have a quick nap, resting her head in her arms, but not before shoving her hand in Jimmy Kimmel’s glass of water and then flicking it at the audience. Turning to June Shannon, otherwise known as Mama, Jimmy Kimmel asks: “The Kardashians are making millions of dollars, and their show is about as popular as yours. Are you making...

Lucy Challenger flew to the New York City Tattoo Convention so a famed artist could put the finishing touches on a huge phoenix design on her left buttock, at a cost of $1,000

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...the convention last weekend, which attracted tattoo fans from across the globe. Many travelled to be inked by some of the most famous artists in the world and pay thousands of dollars to go under the tattoo needle. That is what drew Lucy Challenger to the show. “Her work is unbelievable,” she said of her tattooist. “And I was really attracted to the fact that she’s obviously a woman and I really w...

Michael Fuller, 53, insisted his million-dollar note was real when he was trying to buy $476 worth of items, including a vacuum cleaner, and a microwave oven

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...Carolina, allegedly tried to go shopping at Walmart with a million dollar bill. Michael Fuller, 53, insisted his million-dollar note was real when he was trying to buy $476 worth of items, including a vacuum cleaner, and a microwave oven, according to the Winston-Salem Journal. Walmart employees called police after Michael Fuller insisted that the bill was legitimate, and the man was arrested. M...

David Silverstein, a wealthy chiropractor from Seattle, and his wife were living in a $1.2million waterfront home while claiming almost $2,000-a-month welfare benefits and even food stamps, according to documents

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...filed against David Silverstein and Lyudmila Shimonova, who are accused of making false claims which included more than $1,200 in public housing vouchers, plus state and government disability cheques and even food stamps. Prosecutors are demanding they pay back more than $135,000 in federal housing assistance since 2003 and are seeking tens of thousands of dollars in fines. It is thought the coupl...

D.B. Cooper was parachuted from a flight with $200,000 dollars in ransom in 1971

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...to be the author of a 1983 rare book, entitled “HA-HA-HA”, featuring a drawing of a man in a suit holding a briefcase while parachuting from a commercial jet on its cover. FBI has checked hundreds of leads since the man dubbed D.B. Cooper parachuted from a flight with $200,000 dollars in ransom in 1971. If the author of a newly-unearthed memoir is to be believed, D.B. Cooper has come...

Parijat Saha, a teacher from India, got the shock of his life when he checked his bank account online and found 490 billion rupees ($9.8 billion)

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...issue,” he said. The bank’s regional headquarters in Calcutta and national headquarters in Mumbai have been alerted and officials are trying to figure out what went wrong, sources in the bank say. Parijat Saha says he has managed to withdraw the $200 from his account that belonged to him. “Even though I got my money back, the account still holds the billions of dollars as unclea...

Baluarte Bicentennial Bridge is 403 meters or 1,322 feet tall and connects between the northwestern states of Sinaloa and Durango in the Sierra Madre Occidental mountains

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...is 403 meters or 1,322 feet tall and connects between the northwestern states of Sinaloa and Durango in the Sierra Madre Occidental mountains After four years of construction, the Baluarte Bicentennial Bridge is priced at 2.18 billion pesos or 158.98522 million U.S. dollars. The bridge is so named as the country celebrates it’s bicentennial independence from Spain which was in 1810. The Dur...