Archive | May 2014

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Krebs Daily Briefing 30 May 2014

International Mexican Authorities Arrest Head of Company Tied to Bank Fraud Amado Yáñez Osuna, who headed Oceanografía, the oil services company at the center of a $400 million fraud involving Citigroup’s Mexico subsidiary, has been arrested, according to Mexico’s attorney general’s office. The announcement, made late Wednesday, suggests that prosecutors are close to building a […]

Krebs Daily Briefing 29 May 2014

International Has the U.K. become a tax haven? Pfizer (PFE, Fortune 500) was the latest high-profile example; it tried to take over the British pharmaceutical firm AstraZeneca (AZN). American and French media giants Omnicom (OMC, Fortune 500) and Publicis (PGPEF) also planned a mega-merger that would have seen the new firm domiciledin the U.K., though […]

Krebs Daily Briefing 22 May 2014

International Thai Army Declares Coup, Citing Need to ‘Reform’ Nation BANGKOK — The Thai military on Thursday launched a coup, declaring that it was “necessary to seize power.” The head of the Thai Army, Gen. Prayuth Chan-ocha, made the announcement on television flanked by senior military officers. The Thai news media reported that political officers […]

Krebs Daily Briefing 21 May 2014

International China and Russia ink $400 billion gas deal BEIJING — China and Russia signed off on a huge gas deal worth as much as $400 billion Wednesday that heralds a pivot east for Russian business amid ongoing tensions with the West over Ukraine, though few details of the deal were made public. The 30-year […]

Krebs Daily Briefing 20 May 2014

International European Regulators Accuse 3 More Banks of Manipulating Interest Rates European antitrust regulators on Tuesday accused JPMorgan Chase, HSBC and Crédit Agricole of having colluded to fix benchmark interest rates tied to the euro. Competition authorities at the European Commission said they had issued a so-called statement of objections – a formal step in […]