Exclusive: Booming Pakistan stock market investigates staff access to trading data
ISLAMABAD (Reuters) – Pakistan’s Karachi Stock Exchange is investigating whether staff profited from years of unauthorized access to real time trading data in a market that has rocketed more than 450 percent since 2009.
ECB holds rates at record low, assesses deflation risk
FRANKFURT (Reuters) – The European Central Bank left interest rates unchanged on Thursday, holding off fresh policy action to combat the threat of deflation while it waits for new staff forecasts next month.
Chesapeake cuts 2014 spending by 20 percent
(Reuters) – Chesapeake Energy Corp said its capital expenditure for the year would fall about 20 percent as part of CEO Doug Lawler’s plan to focus on drilling in U.S. shale basins that offer the best returns such as the Eagle Ford field in south Texas…
Bank of England holds fire ahead of guidance revamp
LONDON (Reuters) – The Bank of England kept its monetary policy unchanged on Thursday as it worked on a new plan to steer interest rate expectations after its previous one was overtaken by Britain’s strong economic recovery.
Global Stocks firmer; euro ticks down before ECB
LONDON (Reuters) – World stocks edged up from this week’s four-month lows in cautious trade ahead of a euro zone monetary policy decision later on Thursday, supported by relative calm in vulnerable emerging markets.
EU lawmakers call for stronger safety net for failing banks
BRUSSELS (Reuters) – EU lawmakers called on Thursday for a strengthening of plans to tackle failed banks in the euro zone, as tensions mounted in talks to seal the important reform.
Mitsubishi UFJ Securities International to close commodity ops
LONDON (Reuters) – Japan’s Mitsubishi UFJ Securities International became the latest bank to withdraw from the commodities sector, hit by weaker investor interest and tougher regulation.
Swiss watch exports to China recover in December
ZURICH (Reuters) – Swiss watch exports to China rose in December, data showed on Thursday, adding to signs a difficult spell for luxury goods makers in an important market may be coming to an end after Swatch Group’s upbeat statements on Wednesday.
Exclusive: Cash-hungry Alstom points to IPO for rail arm as early as June
PARIS (Reuters) – Cash-hungry engineering firm Alstom may use a stock market listing to sell a stake in its transport business as early as June if a trade buyer cannot be found sooner for the maker of France’s iconic high-speed trains, its transport ch…
Thailand’s Nok Air to order Boeing 737 MAX jets: sources
DUBAI/SINGAPORE (Reuters) – Thailand’s Nok Airlines is close to placing an order for Boeing 737 jets , several people familiar with the matter said, sidestepping domestic political turmoil to step up a battle between Southeast Asia’s budget carriers.
