The Shareholders Foundation announced that an investor, who purchased shares of Amtrust Financial Services, Inc. (NASDAQ:AFSI), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Amtrust Financial Services, Inc. in connection with certain allegedly false and misleading statements made between February […]
Market Traders Confront Financial Ruin After Fire
Uninsured stallholders say they lost everything in devastating blaze. By Stanislav Kraskov – Central Asia RCA Issue 711, 25 Sep 13 Some 300 market traders say they face financial ruin following the September 13 fire that swept Almaty’s largest market complex. Stallholders called for government compensation, as well as the speedy reopening of the market, […]
Hailstorm Financially Destroys Armenian Farmers
Protesters say they face financial ruin after hail defence system fails to save crops. By Marianna Ghahramanyan – Farmers in the Armavir region, Armenia’s breadbasket, fear that emergency government assistance following a disastrous hailstorm will not save them from bankruptcy. Hail fell for just half an hour on May 12, but that was enough to […]
JK CM makes strong case for enhanced financial support to J&K
New Delhi/Srinagar,July 13 (Scoop News) -The Planning Commission of India today approved highest ever Rs. 7300 crore Annual Plan for Jammu and Kashmir for the year 2012-13. It also approved Rs. 700 crore PMRP. The Commission broadly endorsed the priorities of the State Government reflected under the Twelth Five Year Plan (TFPY). The Planning Commission […]
Euro steady, but vulnerable to Italian and Greek woes by CMD Rajesh Sharma Money Matters Financial S
The euro was steady Wednesday; with bearish investors selling at higher levels as concerns mounted that debt contagion would ensnare Italy and as general unease prevailed about the euro zone before crucial Greek election. Even yields on normally safe-haven German bonds climbed in clear signal that investors are increasingly gloomy about the euro zone. Some […]
Oil Ministry refutes CAG allegation on offering financial benefits to private operators
<P>In a steaming issue between oil ministry and Comptroller and Audit General (CAG) body, the ministry has taken a stand and claimed that it as abided by all provisional mandates in dealing with private operators, and that its suggestion of revision of development plans is in the best interest of the sector.</P> <P>CAG had raised […]
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