Teo Geok Fong claimed that HSBC Holdings Plc misled her in investing several high-risk assets that resulted to losses, according to her lawsuit filed with the Singapore High Court.
Investors in Global A&T Electronics, including private equity firms Blackstone Group and Farallon Capital Management, has filed a class suit against the company, seeking the reversal of a $500 million debt swap deal.
Bitcoin is an experimental, decentralized digital currency, which has enabled instant payment anywhere in the world. While still not fully legitimized by many governments, financial analysts continue to debate whether it represents the wave of the future, or a huge dud. The bitcoin essentially uses "peer-to-peer technology to operate with no central authority," and provides a substitute to paypal or to credit cards. Its encryption code, which substitutes paying by credit, eliminates the hassles of banks serving as the middle men.
Japanese gaming company Nintendo denied the speculation that the company was the reason behind Vietnamese creator Dong Nguyen's decision to pull out wildly-popular "Flappy Bird" app off its market for good.
