Bondholders in Medley LLC Bankruptcy to Get Payments from SEC Action
Medley Management and its former co-chief executive officers will pay $10 million in penalties to settle allegations that they misled investors and clients about the company's likely future growth,
The Philippine stock market plummeted 3.6%, the biggest decline since June 2020
The Philippine stock market fell for the second day in a row, driving the country's benchmark stock index to record its biggest decline since June 2020. The Philippine Stock Exchange Index closed down 3.6% to 6320.19 points, and the main blue-chip stock SM Investments and its subsidiary SM Prime fell. SM Investments plummeted 6.8%, the biggest decline since March 2020, the biggest drag on the stock index decline; the stock price of SM Prime, the country's largest shopping mall operator, continued to decline 3.9% today after falling 4.1% on Thursday.
Sources say Tesla, Inc. held a meeting with the Indian government to discuss tariff reduction.
India asked Tesla, Inc. to increase local procurement and share detailed production plans before considering the company's request to reduce tariffs on electric vehicles, according to people familiar with the matter. Earlier this month, when the Indian government reviewed Tesla, Inc. CEO Musk's request for a tax cut, the Ministry of heavy Industry and the Ministry of Finance asked Tesla, Inc. for these details at a meeting. The two departments also asked Tesla, Inc. whether he wanted to import the whole car or disassemble the car, which has a lower import duty. Tesla, Inc. sent a letter to the Indian government last month demanding that import duties on electric vehicles be reduced to 40 per cent from the current 60 per cent. The company also
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