Edition:
India

Lawrence Delevingne

Escalating China tensions could become an obstacle for U.S. stock rally

01 Jun 2020

NEW YORK/BOSTON U.S. President Donald Trump's directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. tensions back in the headlines over the coming months, creating a new driver of volatility in global equity markets.

Exclusive: U.S. taxpayers' virus relief went to firms that avoided U.S. taxes

28 May 2020

LONDON/BOSTON Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.

Most publicly listed companies keep U.S. small-business aid loans

24 May 2020

NEW YORK/BOSTON More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquared.

Did hedge funds score on masks and sanitizer? Not so much

20 May 2020

BOSTON What would seem like a sure win for elite investors - early bets on companies racing to make face masks, hand sanitizer and other coronavirus-related protective products - turned out to be a relatively unpopular strategy and one with surprisingly mixed results.

Florida business lender accused of accounting fraud settles with SEC

14 May 2020

BOSTON Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated the value of its private funds, according to a judgment on Wednesday entered in Miami federal court.

Florida business lender accused of accounting fraud settles with SEC

13 May 2020

BOSTON, May 13 Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated the value of its private funds, according to a judgment on Wednesday entered in Miami federal court.

SEC alleges accounting fraud at Florida direct lender TCA

12 May 2020

BOSTON The U.S. Securities and Exchange Commission on Monday lodged a civil complaint against Miami-area direct lending firm TCA Fund Management Group Corp and affiliates for alleged fraudulent revenue recognition that inflated the value of the group's funds.

UPDATE 1-U.S. SEC alleges accounting fraud at Florida direct lender TCA

12 May 2020

BOSTON, May 11 The U.S. Securities and Exchange Commission on Monday lodged a civil complaint against Miami-area direct lending firm TCA Fund Management Group Corp and affiliates for alleged fraudulent revenue recognition that inflated the value of the group's funds.

Exclusive: U.S. companies got emergency government loans despite having months of cash

08 May 2020

NEW YORK/BOSTON When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to $10 million, was meant to tide them over for eight weeks.

U.S. agency says no emergency small business loans for hedge funds, private equity

24 Apr 2020

BOSTON Hedge fund and private equity firms are not eligible for the types of U.S. government loans designed to provide relief to small businesses from the economic hardship of the coronavirus outbreak, the Small Business Administration (SBA) said on Friday.

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