U.S. SEC to enact rules to protect exchanges, dark pools from glitches
WASHINGTON (Reuters) – U.S. regulators are poised to adopt new rules that would require stock exchanges and some larger trading platforms to take steps to protect against market disruptions such as technology glitches or natural disasters.
Caledonia’s Messara flags $50 billion enterprise value for Zillow
LONDON (Reuters) – Michael Messara, senior portfolio manager of hedge fund Caledonia, said U.S. property portal Zillow is the firm’s biggest ever bet and he expects it to reach an enterprise value of $50 billion.
BMW reviewing whether to replace driver-side Takata air bags
FRANKFURT (Reuters) – BMW is reviewing whether to expand its recall to check whether possibly fatal air bags were installed on both the driver and passenger side of older generation 3-series models, the carmaker said on Wednesday.
Citi cuts around 35 jobs on London trading floor: sources
LONDON (Reuters) – U.S. bank Citi has cut around 35 jobs across its capital markets trading operation in London, sources with knowledge of the changes said on Wednesday.
ICAP shares sink as first-half profit falls sharply
LONDON (Reuters) – ICAP shares sank almost 8 percent on Wednesday after the world’s largest interdealer broker reported a 38 percent fall in first-half profit and gave a cautious outlook for the rest of the year.
Open up to our beer, EU to tell Japan in trade talks
BRUSSELS (Reuters) – Japan needs to open up its beer market to European exports if Tokyo and Brussels are to agree one of the world’s biggest free trade deals next year, according to an EU document prepared for the next round of talks in December.
Dollar General may have to shut more than 4,000 stores: NY Post
(Reuters) – Dollar General Corp may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar Stores Inc , the New York Post reported, citing two sources close to the situation.
Shares fall, dollar gains as economic outlooks diverge
LONDON (Reuters) – Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world’s major economies.
Wells Fargo unit to launch Europe infrastructure fund, target $1 billion
LONDON (Reuters) – A unit of Wells Fargo is launching a European infrastructure debt fund with a target size of 750 million euros ($940 million) as pension funds look to longer term investments, the company said on Wednesday.
U.S. auto regulator seeks nationwide recall of Takata air bags
WASHINGTON (Reuters) – The U.S. auto safety regulator has told Japanese supplier Takata Corp and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scan…
