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Search resuls for: "Nawaz"


7 mentions found


☆ Bloomberg to pay $5 mln to settle SEC charges related to fixed-income valuations
  + stars: | 2023-01-23 | by ( Chris Prentice | ) www.reuters.com   time to read: +1 min
Bloomberg failed to disclose to customers of its BVAL service that its daily price valuations for fixed-income securities could be based on a single data input from at least 2016 to October 2022, the SEC said in a statement. Bloomberg did not admit or deny the SEC's charges and a spokesperson for the company declined to comment. While it found no evidence Bloomberg listed any erroneous prices, the agency said there were instances when its valuations were not derived in accordance with its stated methodologies. For a "very small fraction of total reported valuations", Bloomberg determined prices of certain fixed income securities based on "uncorroborated single broker quotes", the SEC's order said. The SEC "will hold service providers, such as Bloomberg, accountable for misrepresentations that impact investors," said Osman Nawaz, chief of the SEC enforcement division's complex financial products unit.
☆ SEC fines Bloomberg $5 million for disclosure violations on fixed-income prices
  + stars: | 2023-01-23 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +2 min
The Securities and Exchange Commission fined Bloomberg Finance LP $5 million to settle civil charges accusing the company of misleading customers on how it calculated the prices of certain securities, the agency said Monday. The action could have affected the price at which securities are offered or traded on the platform, the SEC said. Former New York mayor and one-time presidential candidate Mike Bloomberg owns parent company Bloomberg LP, a data and media company. The SEC said Bloomberg's customers, including mutual fund companies, used its prices to calculate valuations of their own holdings. The disclosure issue affected the prices of some government bonds, agency securities, corporate bonds, municipal bonds as well as securitized products, the SEC said.
☆ Elon Musk is surrounded by yes-men, and it's a recipe for disaster: 'The emperor has no clothes, but everybody's too afraid to tell him'
  + stars: | 2022-12-27 | by ( Grace Kay | ) www.businessinsider.com   time to read: +6 min
Experts told Insider Elon Musk's close business relationships is a "recipe for disaster." Experts told Insider it's not surprising that the second-richest man in the world would be taken aback by public criticism. Across his companies, Musk also appears to have built up a slew of allies. Similarly, at Twitter, Musk has also brought in some of his personal associates to assist in the transition. 'Speak truth to power'It can be very difficult to "speak truth to power," Nawaz told Insider, saying it's important for CEOs to create "psychologically safe" environments.
☆ Meet the two new anchors replacing Judy Woodruff on ‘PBS NewsHour’
  + stars: | 2022-11-16 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +3 min
The iconic nightly news program announced Wednesday that legendary anchor and managing editor Judy Woodruff will sign off from the anchor desk on Friday, December 30. Woodruff, 75, will pivot to a two-year project aimed at understanding polarization in America and how it can be remedied. Taking Woodruff’s place at the anchor desk will be Amna Nawaz and Geoff Bennett, PBS officially announced (you’ll remember that we, along with others, reported this back in May). But while significant structural changes shouldn’t be expected on the show, “NewsHour” viewers will still see a different program with the anchors bringing their own distinctive styles. “‘NewsHour’ is so much bigger than just an hour of television,” Nawaz said, adding that younger viewers interact with the show in totally different ways.
☆ England beat Pakistan to win T20 World Cup at MCG as Ben Stokes stars yet again in a final
  + stars: | 2022-11-13 | by ( David Ruse | ) www.cnbc.com   time to read: +5 min
Ben Stokes of England celebrates victory following during the ICC Men's T20 World Cup Final match between Pakistan and England at the Melbourne Cricket Ground on November 13, 2022 in Melbourne, Australia. Ben Stokes starred in a final once again as England became dual white-ball world champions after overcoming Pakistan by five wickets to win the T20 World Cup at the MCG. England rallied to overpower New Zealand, edge past Sri Lanka and decimate India before seeing off Pakistan to end their opponents' hopes of winning the T20 World Cup for a second time and of repeating their victory over England at the MCG in the 1992 50-over final. Babar's exit came at the start of the 12th over with Pakistan 84-2 and they went on lose six wickets for 47 runs. England will remain in Australia to play a three-match one-day international series against Australia, beginning on Thursday at Adelaide before fixtures at the SCG on Saturday and MCG on November 22.
☆ Virat Kohli shines as India beats Pakistan in T20 World Cup cliffhanger
  + stars: | 2022-10-23 | by ( Reuters Staff | ) edition.cnn.com   time to read: +2 min
Virat Kohli struck an imperious half-century and Ravichandran Ashwin was cool at the death as India secured a four-wicket win on the final ball against arch-rivals Pakistan at the T20 World Cup on Sunday in front of a huge Melbourne Cricket Ground crowd. Kohli was bowled off the free hit on the next ball but the ball rattled for three byes off the stumps. Fans show their support during the ICC Men's T20 World Cup match between India and Pakistan at Melbourne Cricket Ground. “All credit to Hardik Pandya and Virat Kohli,” said Pakistan captain Babar Azam. “They shifted the momentum and finished the game well … We had a chance, and we just asked the boys to believe in themselves, but again credit to Virat Kohli.”
☆ Nawaz Sharif Fast Facts
  + stars: | 2013-05-27 | by ( Cnn Editorial Research | ) edition.cnn.com   time to read: +7 min
CNN —Here is a look at the life of Pakistan’s former Prime Minister Nawaz Sharif. May 26, 1993 - Pakistan’s Supreme Court orders the reinstatement of Sharif, calling his dismissal unconstitutional and the charges false. August 23, 2007 - Pakistan’s Supreme Court lifts the exile imposed on Sharif. May 26, 2009 - The Supreme Court of Pakistan rules that Sharif is eligible to run in elections and hold public office. July 17, 2009 - Pakistan’s Supreme Court clears Sharif of hijacking charges, paving the way for him to legally run for office.
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