Legal & Regulatory
Chinese firms investigated for fraud as IPOs are halted
Chinese security agency CSRC halted the upcoming IPO of Tianfon as part of its anti-fraud campaign. (Photo : Reuters)The Chinese flag waiving in front of rising business sectors The government of China is reported to have started its investigation of Everbright Securities Co.
Vimpelcom's Orascom Withdraws Bid For Wind Mobile
Orascom, the subsidiary of Vimpelcom, had withdrawn its bid to gain majority interest in Wind Mobile.
Alpine Bau declares insolvency
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
Belgian regulator fines former Fortis officers for gaffe
The Belgian regulatory authorities have imposed fines on former CEOs and insurer of Fortis because of delayed information or incorrect information dissemination.