The Financial Reporting Council is looking into into KPMG’s audit of ex-Bargain Booze owner Conviviality, which went into administration in April.
The watchdog is investigating the preparation of the company’s financial statements for the year to April 2017.
A KMPG … Read the rest
New York-based hedge fund Mason Capital Management has filed a legal claim seeking at least $175 million from the South Korean government as compensation for damages it says it sustained from a 2015 merger of two Samsung Group affiliates.
Mason … Read the rest
Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd.
CMC Inc, one half of … Read the rest
Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving … Read the rest
World shares fell on Monday, dented by worries over a worsening trade dispute between the United States and other major economies, while oil prices gave up some of the gains made after major exporters agreed a modest production increase.
The … Read the rest