‘I regret any harm:’ Short seller compensates target in rare move
Lawrence Delevingne, 22 June 2021
BOSTON, June 21 (Reuters) – A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims.
Quinton Mathews, who published his research on companies online under the pseudonym Rota Fortunae, will pay Farmland Partners Inc (FPI.N) “a multiple” of the profits on his short bet in 2018, according to the terms of the legal settlement announced late Sunday. His research had helped wipe as much as $115 million off Farmland’s market value. Continue reading “Article: ‘I regret any harm:’ Short seller compensates target in rare move”
Elon Musk’s tweets have been a bone of contention for a while now. Every time the billionaire tweeted about a coin, the price of that coin skyrockets. The Tesla CEO has been promoting coins affectionately referred to as “shitcoins” on Twitter.
BERLIN, June 21 (Reuters) – German financial watchdog BaFin is investigating possible insider trading of vaccine maker’s CureVac (5CV.DE) shares, which fell after the biotech firm announced its COVID-19 vaccine proved only 47% effective, Rheinische Post newspaper reported on Monday.
It all started with a malfunctioning printer. It’s just part of modern life, and so when it happened to staff at Bangladesh Bank they thought the same thing most of us do: another day, another tech headache. It didn’t seem like a big deal.
Deutsche Bank AG wants to get back into the suddenly valuable business of digital payments, nearly a decade after getting out of it.
A triad-controlled Hong Kong bookmaking syndicate that took in more than HK$3.4 billion (US$438 million) in illegal bets on horse racing and football matches in the first four months of this year was broken up in a series of raids on Sunday.
The amount of money that victims of romance scams lost to criminals jumped 140 per cent in the first four months of the year and reached HK$196 million (US$25.24 million), Hong Kong police revealed on Monday.
In June 2020, the World Economic Forum — working alongside officials from large corporations, banks, financial institutions and activist groups — launched a far-reaching initiative that aims to push the “reset” button on the global economy. They ominously called it the “Great Reset,” and since its creation, it has received a massive amount of support from leaders of the ruling class, both here in the United States and around the world.
Fabio Panetta, a member of the executive board of the ECB, was interviewed by the Financial Times, saying that the digital euro was more capable of protecting privacy than private alternatives. The interview begins with the privacy question and how measures can be placed without making room for money laundering, tax evasion, and other illicit activities. The ECB executive was blunt in his response, saying that there was no self-serving interest from the bank.