Fed to issue rules notice on banks and commodities in early 2015
WASHINGTON (Reuters) – The Federal Reserve will issue in the first quarter of next year a formal notice of rules it has been reviewing for financial holding companies and their activities in the physical commodities markets, a top official with the U.S…
SEC director with big stock holdings stirs debate
WASHINGTON (Reuters) – Keith Higgins, who runs the office that reviews public companies’ books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million and $6 million last year and the sale of stocks throug…
Weary of the market rollercoaster, investors turn again to steady stocks
LONDON (Reuters) – The big story of recent stock market investment has been volatility, and the opportunities that sharp price swings can bring for those with strong nerves.
Alibaba prints jumbo deal without China premium
SINGAPORE (IFR) – Alibaba Group Holding sold the largest bond by an Asian company last night via a $8 billion six-tranche offering. The tight pricing achieved on the deal led many to believe the US-listed Chinese ecommerce giant got away without paying…
Exclusive: With Baker Hughes, Halliburton cements leading North Dakota role
WILLISTON N.D. (Reuters) – Halliburton Co’s $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reut…
Bank executives want City wrongdoers to face jail, says top funds boss
LONDON (Reuters) – Senior banking executives would favour criminal prosecutions and jail time if necessary for employees suspected of serious market misconduct, one of Britain’s most influential fund managers told Reuters.
Under Senate glare, Goldman rejects commodity manipulation
WASHINGTON/NEW YORK (Reuters) – Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading adva…
Global shares lifted by U.S. data and Draghi stimulus hints
LONDON (Reuters) – World shares headed for a second week of gains on Friday after more reassuring U.S. data, while the yen pulled out of its dive as Japan’s finance minister warned its recent weakening had been “too rapid”.
Rolls-Royce wins $5 billion order from Delta
LONDON (Reuters) – Britain’s Rolls-Royce said it won a $5 billion contract to supply aero engines to power 50 new Airbus planes ordered by Delta Air Lines .
Takata executive warns about ability to fix deadly air bag flaw
WASHINGTON/DETROIT (Reuters) – An executive from Japan’s Takata Corp told U.S. senators on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly air bags, but said it may not be ab…
