Bhinneka News Online: Daily Investor Update: South Africa's finance minister calls for criminal probe into KPMG

Friday 22 September 2017

Daily Investor Update: South Africa's finance minister calls for criminal probe into KPMG

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Friday, September 22, 2017

South Africa's finance minister calls for criminal probe into KPMG

JOHANNESBURG (Reuters) - South African law enforcement agencies should investigate KPMG [KPMG.UL] after the global auditor sacked its local leadership over work done for business friends of President Jacob Zuma, Finance Minister Malusi Gigaba said on Friday.

KPMG International to launch independent probe into South African work

JOHANNESBURG (Reuters) - Global auditing firm KPMG will appoint a South African jurist to conduct an independent investigation into a report for the tax service and work done for businessmen friends of President Jacob Zuma, the firm's chairman said on Friday.

S&P inches up as nerves about healthcare, North Korea wane

NEW YORK (Reuters) - The S&P 500 closed slightly higher on Friday as worries about Washington's latest healthcare legislation overhaul proposal eased and investors shrugged off concerns about U.S.-North Korea tensions even as Apple weighed on the market.

Pladis passes on Nestle's candy in favor of upmarket push

LONDON (Reuters) - Pladis, the owner of Godiva chocolate and McVitie's biscuits, has decided not to bid for Nestle's U.S. confectionery assets, preferring to pursue a more upmarket strategy.

Yellen's stock rises as she leads Fed from crisis-era policy

(This Sept 21 story, in 11th paragraph, corrects to say that Warsh criticized the Fed's bond-buying program; not that he criticized the program, saying it would drive inflation sharply higher)

Facebook trial over Class C stock canceled: Delaware court

WILMINGTON, Del. (Reuters) - Facebook Inc's trial over a shareholder lawsuit opposing the company's stock reclassification has been canceled, according to a clerk in Delaware's Court of Chancery.

Facebook lawyer says stock trial canceled, but no settlement

WILMINGTON, Del. (Reuters) - Facebook Inc's trial over a shareholder lawsuit opposing the company's plans to issue class C stock has not be settled, according to a Friday letter from a Facebook attorney to the Delaware Court of Chancery.

Oil rises nearly 1 percent as OPEC defers extension of output cuts

NEW YORK (Reuters) - Oil prices ended nearly 1 percent higher on Friday, close to their highest levels in months, as major producers meeting in Vienna said they may wait until January before deciding whether to extend output curbs beyond the first quarter.

Native American tribe moves to dismiss Allergan patent case

(Reuters) - A Native American tribe holding patents for drugmaker Allergan Plc on Friday moved to dismiss a case brought by generic drug company Mylan NV challenging the patents.

Around the world, a muted launch for Apple's iPhone 8

SAN FRANCISCO/SYDNEY/TOKYO (Reuters) - Apple Inc's launch of the iPhone 8 kicked off with less fanfare on Friday than new models in previous years in the United States, Asia, Australia and Britain, as fans held out for the premium iPhone X, due out in early November.