CashNews.co Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US stocks tumbled on Tuesday, as weak data on the state of the manufacturing sector renewed investor concerns about an economic slowdown. The S&P 500 was down 1.7 per cent in early afternoon trading […]
UK regulator to slash maximum fraud losses banks are forced to cover #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the UK companies myFT Digest — delivered directly to your inbox. UK regulators are set to dramatically scale back a new regime that would have forced banks and payment companies to reimburse fraud victims up to £415,000, after strong pressure from ministers and fintech firms. […]
The academic tasked with fixing the world’s most indebted oil group #NewsMarket
CashNews.co This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Hello and welcome back to Energy Source, coming to you from London. Today, our Mexico correspondent Christine Murray […]
North Sea oil and gas producers are not bluffing over tax #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Business lobbyists cry wolf all the time — especially if governments threaten to push up their costs or taxes. The oil and gas industry has been guilty of frequent hyperbole and exaggeration. But when […]
HMRC to allow fractional shares in Isas ahead of rule change #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The UK tax authority has dropped a ban on investors holding portions of shares in tax-free Individual Savings Accounts, in a move that should help channel more money into stocks. Although many UK-based investment […]
Fantastical goings-on in Nasdaq-listed Chinese micro-caps #NewsMarket
CashNews.co The IPO window is (maybe, hopefully, please?) open again — particularly for companies based in Singapore or China. Per Renaissance Capital’s list of US market debuts last week: YHN Acquisition I (YHNAU) – ChinaDeal Size: $60mn Exchange: NasdaqLead Underwriter: Lucid Capital MarketsBlank check company led by executives from boutique SPAC firm Norwich Capital. Cuprina […]
China to launch anti-dumping probe into Canadian canola exports #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Trade disputes myFT Digest — delivered directly to your inbox. Beijing has said it will open a trade probe into canola imports from Canada and hit out at Ottawa’s decision last week to raise tariffs on Chinese steel and electric vehicles. China’s commerce ministry […]
S Africa signals more support for energy groups after Total exits gas project #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Africa has signalled it could boost support for foreign energy groups after TotalEnergies abandoned plans to develop the country’s largest gas discovery. Describing Total’s decision in July to withdraw from the Brulpadda and Luiperd […]
Citadel Securities leads fight over payments for market surveillance system #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. Citadel Securities is leading industry pushback against an effort by exchanges including the New York Stock Exchange and Nasdaq to ask traders to help foot the bill for a new market surveillance system […]
Active ETFs set to hit $1tn in assets #NewsMarket
CashNews.co Actively managed exchange traded funds are poised to hit $1tn in assets, cementing a dramatic transformation from a forgotten backwater to a key driver of global industry growth. The vehicles, which offer a cheaper rival to mutual funds that try to outperform indices, reached $974bn in assets as of the end of July, data […]