Rogue trader’s abortive career ends with home detention order
A BRITISH stock market trader who caused a trillion-dollar crash on Wall Street in 2010 has been sentenced by an American court to a...
Bezos’ billion-dollar bid to boost India’s SME business
AMAZON founder and CEO Jeff Bezos is launching a £770m bid to bring India’s SMEs online.
Bezos said his firm will invest the sum —...
Energy exchange group acquires Nasdaq future and options business
ENERGY exchange EEX Group has announced an agreement with US-based Nasdaq Futures (NFX) to buy its futures and options exchange business.
The German-based European Energy...
Traders want fewer working hours at UK and European exchanges
By Hal Williams
EVERY computer programme, algorithm and robot introduced to the workplace theoretically enhances efficiency and cuts the workload — but the real cut...
IMF warns of debt ‘timebomb’ thanks to ‘cheap money’ borrowing policies
THE International Monetary Fund warns that low interest rates are encouraging companies to take on a level of debt that could become a “timebomb”.
The...
Argentina slaps controls on forex in bid to salvage peso
ARGENTINA has imposed capital controls to halt a slump in foreign currency reserves and save the peso.
The central bank has set a five-day limit...
‘Ground-breaking’ link to free-up Sino-British stock exchange trade
THE BRITISH Treasury has announced a stock link to allow UK-listed firms to become the first foreign entities to list in mainland China.
Chancellor Philip...
How Adam Smith became a (surprising) hero to conservative economists
By Glory M Liu*
PEOPLE like to fight over Adam Smith. To some, the Scottish philosopher is the patron saint of capitalism who wrote that...
Brazilian meeting shines light on potential of fintech future
JOSÉ Lino Sepulcri, president of the Espírito Santo Trade Federation, and Gutman Uchôa de Mendonça, the regional director of the association of Brazilian banks...
Venezuela’s cash crisis, coupled with blackouts, leaves country’s population in the direst of straits
VENEZUELA has the world’s largest oil reserves — and no money.
Rampant inflation and depleted reserves of almost worthless bolivar banknotes have created a nightmare...
