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Business Highlights + MORE Apr 18th
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After Alps crash, some experts ponder flights without pilots
NEW YORK (AP) — To improve airline safety, maybe we need to remove the pilots.
That radical idea is decades away, if it ever becomes a reality. But following the intentional crashing of Germanwings Flight 9525 by the co-pilot, a long.... More »
PrairieSky surges in early trading, even after IPO price raised + MORE May 29th
Underwriters discovered strong demand during road show, leading to price hike
.... More »
Robo-advisory firms shake up The City + MORE Sep 17th
As technology pioneers claim chunks of the investment advisory market, banks will be forced to respond – and likely with buyouts
.... More »
Berkshire bulks up in real estate with Store Capital stake + MORE Jun 26th
Investor spends $377.1-million on shares in the REIT, giving it a nearly 10-per-cent stake
.... More »
Vatican bank: now ‘impossible’ to launder money here + MORE May 12th
VATICAN CITY – The head of the Vatican’s scandal-marred bank declared Thursday it’s now “impossible to launder money” there after a years-long cleanup that saw norms imposed to fight money laundering and tax evasion.
Jean-Baptiste Douville de Franssu made the claim as t.... More »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Report: Iranian billionaire at centre of 2011 investigation into $2.6B bank fraud executed
– canadianbusiness.com
TEHRAN, Iran – A billionaire businessman at the heart of a $2.6 billion state bank scam, the largest fraud case since the country’s 1979 Islamic Revolution, was executed Saturday, state television reported.
Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran, the station reported. The report said the execution came after Iran’s Supreme Court upheld his death sentence.
Khosravi’s lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that his client was put to death without any notice.
“I had not been informed about execution of my client,” Riahi said. “All the assets of my client are at the disposal of the prosecutor’s office.”
State officials did not immediately comment on Riahi’s claim.
The fraud involved using forged documents to get credit at one of Iran’s top financial institutions, Bank Saderat, to purchase assets including state-owned companies like major steel producer Khuzestan Steel Co…
Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran, the station reported. The report said the execution came after Iran’s Supreme Court upheld his death sentence.
Khosravi’s lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that his client was put to death without any notice.
“I had not been informed about execution of my client,” Riahi said. “All the assets of my client are at the disposal of the prosecutor’s office.”
State officials did not immediately comment on Riahi’s claim.
The fraud involved using forged documents to get credit at one of Iran’s top financial institutions, Bank Saderat, to purchase assets including state-owned companies like major steel producer Khuzestan Steel Co…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
