Posts Tagged ‘Inflated’
Nomura said to probe if profits inflated at India bond desk
[MUMBAI] Nomura Holdings is investigating its India fixed-income business, asking senior officials in its rates division to determine whether profits were inflated in recent years, according to sources familiar with the matter. The probe, launched by the bank’s compliance department, centres on how the firm valued trades in Strips, an acronym for Separate Trading of…
Read MoreNio shares rebound 7% after initial plunge on GIC lawsuit alleging inflated revenue
The recovery comes a day after the counter dived as much as 13.8% amid allegations of inflated revenue [SINGAPORE] Shares of Nio recovered on Friday (Oct 17) after having dived to a one-month low the day before, when a lawsuit filed by GIC against the China electric vehicle (EV) maker wiped billions off the group’s…
Read MoreChina EV brands Zeekr, Neta inflated car sales using insurance scheme
CHINESE electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars, according to documents reviewed by Reuters and interviews with dealers and buyers. The companies arranged for cars to be insured before they were sold to buyers, the documents show, enabling…
Read MoreUOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans
[SINGAPORE] UOB has been awarded S$17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Goh Buck Lim and Ms Aurellia Ho, in a long-running civil suit that began in 2014. The High Court’s assessment of the damages dated Jun 30, 2025, follows a key ruling by the Appellate Division…
Read MoreJPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return – The Business Times
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank is striking a more cautious tone. JPMorgan’s chief executive officer Jamie Dimon said there are signs that the US stock market is overheated. “Asset prices are kind of inflated” in the US…
Read More🐺 Beware the inflated job title
Three years ago, while my entire graduation batch struggled to find a job during the Covid pandemic, I found out that my friend got hired by a government ministry as an assistant director. Director? As a fresh grad? Intrigued – and partly jealous – I asked him about it. It turned out that all 13…
Read MoreHindenburg shorts data centre firm Equinix alleging inflated profit metric
HINDENBURG Research on Wednesday (Mar 20) disclosed a short position in data centre firm Equinix that operates as a real estate investment trust (Reit), alleging exaggerated profitability metric amid a race with big cloud firms, including Amazon.com. Equinix shares fell about 2 per cent in early trading as the short seller said the Reit with…
Read MoreColombian Artist Fernando Botero, Who Inflated Beauty And Pain, Dies At 91
Colombia’s most famous artist, Fernando Botero, who was known for his voluptuous depictions of people and animals, has died aged 91, President Gustavo Petro announced Friday. Botero’s works of plump and slightly surreal forms became enormously popular and were on display in museums and public spaces in cities around the world, including Bogota, Madrid, Paris,…
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