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Start-up trading platform trueEX has filed a complaint against industry giant Markit, claiming the company, which provides post-trade services to derivatives users, engaged in anticompetitive conduct by terminating its relationship with the trading venue. TrueEX is one of the few new trading platforms to have gained traction with investors trading interest-rate swaps, challenging established players Bloomberg and Tradeweb. Markit is the dominant provider of post-trade services, operating […]

Robert Mercer, co-chief executive of the hedge fund Renaissance Technologies and one of Donald Trump’s biggest donors, has been sued by a former employee who says he was fired after he publicly criticised his boss’s support for the US president. David Magerman, a long-time research scientist at the fund who had helped it build computer algorithms that make investment decisions, was terminated after giving two newspaper interviews […]

Tyson Food, the largest producer of poultry in the US, lagged behind the S&P 500 on Monday after it disclosed that the office of Florida’s attorney-general is investigating potential anti-competitive behaviour in the chicken market. Tyson’s stock price fell 5.7 per cent to $59.70 on Monday morning — its lowest level since December 2016. Guidance for revenue derived from chickens was reduced, hitting Tyson’s stock price, said […]

Film musical Beauty and the Beast and Netflix’s sci-fi newcomer Stranger Things were the night’s big winners at the MTV Movie & TV Awards, picking up two trophies apiece. This year, the 26th edition of what was formerly known as the MTV Movie Awards, television was added into the mix for the first time. Stranger Things was named Show of the Year, and its young breakout star, […]

Monday 16:30 BST What you need to know • The euro is losing momentum after touching a six-month high, down 0.6 per cent at $1.0925 • New York equity markets are muted; European equities markets are falling back, led by banks after early momentum from the French election continues to fade • Oil prices have also been volatile with both Brent and WTI seesawing either side of […]

Cofco, China’s powerful state-controlled grains company, is set to appoint the former chief executive and deputy chair of agricultural trader Louis Dreyfus Company as a non-executive director for its international agricultural trading arm. Serge Schoen, who resigned from the LDC board last year, is poised to become one of Cofco International’s four non-executive directors on the company’s 10-person board. His appointment comes as questions have been raised […]

If you are yet to encounter a freakshake, you soon will. These monster-sized milkshakes are the latest food craze popping up on menus across the country. Taking the shake to a whole new level, these calorie bombs are fully stacked with guilt-laden, belt-busting extras such as biscuits, cakes, chocolate bars – and more besides. Reportedly created at Pattisez, a cafe in Canberra in 2015, the massive, augmented […]

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Sinclair Broadcast Group, the biggest US local television station owner, has struck an agreement to buy Tribune Media for $43.50 a share, valuing Tribune at about $3.9bn. The transaction is the first big move of an expected consolidation wave in media unleashed by the Federal Communications Commission’s recent decision to effectively loosen a cap on local television station ownership. The rule change has US media companies jostling […]

Brent crude oil, the international benchmark, is steady around $49 a barrel, after dropping by as much as 10 per cent last week in a move seen as a sign traders have grown impatient with Opec’s attempts to mop up a near three-year old surplus. The sell-off followed strong first quarter results from so-called “Big Oil” that trumpeted their ability to adapt to the price slump, with […]

TAIPEI China should not politicize Taiwan’s participation in a U.N. health meeting, Taiwan health activists said on Monday, and China’s president should “do the right thing” and let the island attend for the benefit of global health. Self-ruled Taiwan wants to attend the May 22-31 annual meeting of the decision-making body of the World Health Organization (WHO) in Geneva, but has accused Beijing of obstructing its efforts […]

The market reaction to Emmanuel Macron’s victory in the French presidential election has been muted so far, with investors having to a large extent anticipated the result. “The euro went up a bit, down a bit and ended pretty much where it was last week. Damp squib would be an overstatement,” as Kit Juckes at Société Générale put it. At pixel time, the euro was trading at […]

Authored by James Holbrooks via TheAntiMedia.org, “It was easy enough to spot my cheerleader: She was the only person shouting in a crowd of quiet, curious, shy supporters. Her visage dug with deep wrinkles, but she was full of energy and smiles. When I saw her, I merged to the right and gave her a high-five. When I did, a group of women started to cheer me, […]

Emmanuel Macron’s triumph in the French presidential election nudged the euro to a six-month high against the dollar, with analysts and investors predicting that the result could spur a return of money to the eurozone. The euro inched up 0.1 per cent to $1.1021 in the hours after it became clear the centrist had beaten Marine Le Pen, before dipping 0.1 per cent to $1.0977 as Asian trading started. […]

The Australian dollar was on the back foot following data showing the biggest yearly drop in building approvals in six months. Approvals were down 19.9 per cent in the 12 months to the end of March, tumbling from a 4.9 per cent fall in February, according to data from the Australian Bureau of Statistics. This was well below expectations among economists for a 10 per cent fall, […]

Akzo Nobel, the Dutch paints and coatings group, is set to reject a €26.9bn takeover offer by its US rival PPG Industries, in a move that will force its suitor to have to choose between making a hostile bid or walking away. Akzo is expected to reveal its rejection as soon as early this week, according to people close to the process. It would come roughly two […]

  It’s 6pm. You’ve just finished work. You’re exhausted, hungry and probably even sleepy. Hitting the gym is the last thing on your mind, but you’ve got an expanding waistline and hips that don’t fit in your jeans anymore. How do you get yourself to exercise? Fitness Director at Olympic-standard training center Embody Fitness in Dubai, Rob Richards, has several tricks up his sleeve. He shares motivational […]

By David Lawder | WASHINGTON WASHINGTON U.S. Commerce Secretary Wilbur Ross said on Saturday that threats of retaliatory trade actions from Canadian officials “are inappropriate” and will not influence final U.S. import duty determinations on Canadian softwood lumber. “We continue to believe that a negotiated settlement is in the best interests of all parties and we are prepared to work toward that end,” Ross said in a […]

Roma Trivedi’s earliest memory of giving something back to the community is of when, as a 3-year-old, she accompanied her mother to an old-folks home in the United States, where she would sing and dance for the elderly. Since then, she has associated charity with joy and fun. When she was 8, she set up the Hope programme at her school in Philadelphia, which provided lunch for […]

The Federal Reserve risks political interference and losing its independence if it maintains a large balance sheet in the longer term, former Fed officials have claimed, as debate over the central bank’s strategy for unwinding its interventions in financial markets intensifies. Kevin Warsh, a visiting fellow at the Hoover Institution at Stanford University and former Fed governor, said permanently holding vast quantities of assets like treasuries was […]

BERLIN Chancellor Angela Merkel’s conservatives thumped their Social Democrat rivals in a vote in the northern state of Schleswig-Holstein on Sunday, in a boost to her prospects of winning a national election in September. Merkel’s Christian Democrats (CDU) fetched 33 percent of the vote in Schleswig-Holstein, up from 30.8 percent in the last election there in 2012, an exit poll for broadcaster ARD showed. The Social Democrats […]

When you purchase a Samsung smartphone and login to your Samsung account on the device you are sent a 30 percent coupon code to purchase an accessory priced at $59.99 or less. I used mine to buy the Galaxy S8 Plus keyboard cover, priced at $59.99 ($42 with 30 percent coupon). After I purchased my Samsung Galaxy S8 Plus, see my full review, I was thinking I […]

An eerie calm in capital markets is fuelling fears on Wall Street that a first-quarter rebound in trading revenues could prove a one-off. Big investment banks reported generally solid profits over the first three months of the year, as investors reset their portfolios to take account of higher base interest rates, and as companies front-loaded efforts to raise money. For all bar four of the top 14 […]

Rights issues conducted by European companies this year have already exceeded the volume seen in the whole of 2016 — driven by a handful of large capital increases from banks seeking to repair their balance sheets. For companies, a rights issue is a means to raise equity funding from existing shareholders by offering them the right to buy more shares at a discount to the market price. […]

By John Ruwitch | SHANGHAI SHANGHAI Organisers barred journalists on Sunday from a publicly advertised event in Shanghai to attract Chinese investment in a U.S. real estate project linked to the family of President Donald Trump’s son-in-law in exchange for immigrant visas. The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was […]

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