The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
Southwest Airlines is delaying pilot hiring and captain upgrades with no end in sight to the grounding of the Boeing 737 Max.Airlinesread more
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.Marketsread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
LONDON, July 9 (Reuters) - The co-founder of a company that promoted ethical investments in Brazil's Amazonian teak plantations has been arrested at London's Heathrow airport and charged with fraud, forgery and other offenses by the UK Serious Fraud Office (SFO).
Andrew Skeene, a former director of Global Forestry Investments, has been charged with three counts of conspiracy to defraud, four offenses of forgery, misconduct and making a false statement between 2010 and 2015, the SFO said on Tuesday.
Skeene's lawyer declined to comment.
Skeene, 41, was arrested in June, five years after the SFO opened a criminal investigation into a business that attracted more than 20 million pounds ($25 million) from investors.
According to LinkedIn, Skeene co-founded Global Forestry Investments around 2008, opening offices in Sao Paolo, London, Dubai and Abu Dhabi, to provide "risk mitigated, sustainable investment in tropical hardwood."
Its main product was called the Belem Sky Plantation, in which investors were offered plots of teak trees in Brazil's northern state of Pará in deals promoted as also helping preserve the livelihood of local people and forestry lands, according to the social media website.
The SFO is also investigating allegations of fraud at Global Forex Investments, another company linked to the case. Two addresses in south eastern England were raided by police in 2015, the investigator and prosecutor has said. ($1 = 0.8030 pounds) (Reporting by Kirstin Ridley Editing by Keith Weir)