A round-up of the key stories across the specialist financial media, including news that, according to sources, Nomura Holdings was involved in an insider-trading case connected to Inpex Corp’s 2010 equity offering
Nomura said to be involved in Inpex insider-trading case
Nomura Holdings, Japan’s largest investment bank, was involved in an insider-trading case connected to Inpex Corp’s 2010 equity offering, according to a person with knowledge of the matter.
European stock markets opened lower on Thursday, with banks leading the decliners, and miners also off after a sharp fall in Chinese manufacturing activity.
The US entrepreneur, who was one of Facebook’s first investors, is to establish a new NZ$40 million (US$32 million) Kiwi-focused venture capital fund jointly with the New Zealand Venture Investment Fund to support local technology developments.
The European Central Bank is falling behind on a €40 billion asset purchase programme launched at the height of eurozone crisis, in a sign it could be dropped as a first step towards unwinding huge emergency support for the region’s financial system.
George Osborne has handed big headline tax cuts to Britain’s wealthy in an “unashamedly” pro-business Budget, but faced a backlash from the elderly and the Tory press as he paid for his largesse with a £1 billion annual income tax raid on pensioners.
