Financials (Legacy)

Ernst & Young`s Indonesia affiliate to pay $1 million to settle `audit failure`

Ernst & Young`s Indonesia affiliate to pay $1 million to settle `audit failure`

Published 10/02/2017

An Indonesian affiliate of global accounting firm Ernst & Young (EY) [ERNY.UL] has agreed to pay a fine of $1 million after the U.S. audit regulator labeled lapses in its checks of a client's books "audit failure".

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Morgan Stanley exploring move to Manhattan`s West Side: WSJ

Morgan Stanley exploring move to Manhattan`s West Side: WSJ

Published 10/02/2017

The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in the Manhattan borough of New York City, January 20, 2015. REUTERS/Mike Segar

Morgan Stanley (MS.N) is exploring a move to Hudson Yards, the vast development site on Manhattan's West Side, The Wall Street Journal reported, citing people familiar with the matter.

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Exclusive: Labor Department to delay, revisit fiduciary rule – sources

Exclusive: Labor Department to delay, revisit fiduciary rule – sources

Published 10/02/2017

The U.S. Labor Department is preparing to delay its controversial Obama-era fiduciary rule on financial advice for 180 days and seek public comment on the rule.

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U.S. court upholds Obama-era retirement advice rule

U.S. court upholds Obama-era retirement advice rule

Published 09/02/2017

A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump's efforts to scale back government regulation.

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Mongolian citizens offer cash, jewelry, horses to pay off government debt

Mongolian citizens offer cash, jewelry, horses to pay off government debt

Published 02/02/2017

Private citizens in Mongolia are donating cash, jewelry, gold and even horses to help the government make a near $600 million payment to bondholders next month.

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