Navinder Sarao in court

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...
Ecommerce illustration

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 —...
Grain elevator

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...
stock market charts software

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...
Mixed bank notes, pound, euro, dollar

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 flag with dollar bills

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...
Shanghai skyline at night

‘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...
Adam Smith bust

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...
Vitória, Espírito Santo, Brazil

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 Flag

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...