Diversified Financial Services Specialized Finance

  • NEW YORK, Dec 13- Digital currency bitcoin on Tuesday surged to its highest in nearly three years as investors bought the asset in a supposedly safe-haven bid in the midst of volatility in the Chinese stock market. On Tuesday, bitcoin climbed as high $793.27 on the BitStamp platform, its highest since February 2014. We have been seeing lots of volume from China and...

  • FRANKFURT, Dec 12- European Union competition regulators have whittled down their concerns about the merger of Deutsche Boerse and London Stock Exchange Group to focus mainly on clearing of derivatives contracts, two sources familiar with the situation said. The EU's executive European Commission, which must approve the merger for it to go ahead, is due to...

  • BEIJING/ HONG KONG, Dec 8- China has proposed to fully open its credit rating market to foreign participants, a move that was cheered by global rating agencies and could promote more accurate risk assessment and pricing in the mammoth corporate debt market. At present, global rating agencies can only have minority stakes in joint-venture operations in China.

  • BEIJING, Dec 8- Singapore Exchange Ltd said on Thursday the opening of Nikkei 225 index futures has been delayed. It said members have been informed and it will update its information on the situation as soon as possible. It did not give a reason for the delay.

  • NEW YORK, Dec 7- Intercontinental Exchange Inc generally takes too long to complete investigations into questionable trading practices on its U.S. futures exchange as required by the rules, the regulator said. Overall, ICE Futures U.S. has an adequate trade practice surveillance program, the U.S. Commodity Futures Trading Commission said in a report dated Dec. 2.

  • LONDON, Dec 6- A British clampdown on retail trading platforms prompted warnings among industry players and investors on Tuesday that some smaller firms may not be able to sustain their business under the new stricter rules. The Financial Conduct Authority placed limits on the leverage which can be offered to individual investors betting on currency and...

  • SINGAPORE, Dec 6- London zinc rose for a second session on Tuesday, underpinned by weakness in the dollar, although copper eased after notching its biggest one-day gain in nearly a month in the previous session. *Three-month zinc on the London Metal Exchange gained 1.1 percent $2,797 a tonne by 0133 GMT, while the most-traded contract on Shanghai Futures Exchange...

  • FRANKFURT, Dec 4- Deutsche Boerse's chief executive has sought to reassure Frankfurt over its merger with London Stock Exchange Group, saying the German regulator will retain power over the exchange when it becomes part of a larger London- based group. Carsten Kengeter told the Frankfurt Chamber of Commerce in a letter seen by Reuters that the markets watchdog...

  • JOHANNESBURG, Dec 3- President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings downgraded the local debt of Africa's most industrialized country by one notch on...

  • CHICAGO, Dec 2- The primary clearinghouse for U.S. options trades named new finance and compliance chiefs on Friday in the latest C-suite shake-up aimed at improving oversight. The Options Clearing Corp, known as OCC, also said it had hired a former CME Group Inc executive to fill a newly created treasurer's position. The changes are part of an overhaul in...

  • *NSE CEO quits with immediate effect; stuns investors. MUMBAI, Dec 2- India's National Stock Exchange stunned investors on Friday when its chief executive Chitra Ramkrishna quit for "personal reasons", only weeks before the country's biggest bourse is due to kick off its own initial public offering. The exchange appointed a new chairman, Ashok Chawla, a former head...

  • CHICAGO, Dec 1- CME Group Inc plans to strengthen efforts to deter wrongdoing in markets by raising the maximum possible fine for rule breakers, the company said on Thursday, further raising the stakes for rogue traders following the first U.S. criminal convictions for the manipulative practice known as spoofing. The owner of the Chicago Board of Trade, New York...

  • FRANKFURT, Dec 1- Normally the place to buy or sell shares in Germany's top companies, Deutsche Boerse is launching a new exchange for people to trade virtual goods from video games, tapping into a multi-billion U.S. dollar market. The stock exchange operator, in the process of merging with the London Stock Exchange, has formed a joint venture, dubbed Switex, with...

  • CHICAGO, Nov 30- CME Group Inc will set a monthly record for trading volumes in November, a top executive said on Wednesday, as U.S. Three of CME's top 10 trading days for volumes have occurred since Trump's election on Nov. 8, and volumes have been averaging more than 20 million contracts per day, said John Pietrowicz, CME's chief financial officer, on a webcast of a JP...

  • FRANKFURT, Nov 30- Innogy, Germany's largest energy group, plans to spend the 2 billion euros it raised last month in a stock listing on growth projects rather than big acquisitions. "The 2 billion have been budgeted for the next two to three years," Innogy Chief Executive Peter Terium said at the ICFW journalist club on Tuesday. German utility RWE listed a minority...

  • TORONTO, Nov 29- Canada's biggest stock exchange operator is committed to exploring new technologies such as blockchain despite the exit of its first chief digital officer after less than a year in the job, a senior TMX Group Ltd executive said on Tuesday. TMX runs the Toronto Stock Exchange, the TSX Venture for junior issuers and the Montreal Exchange for...

  • Nov 28- The first chief digital officer of TMX Group Ltd's Toronto Stock Exchange has left the organization to devote more time to his venture based on blockchain, the technology behind the bitcoin cryptocurrency, the executive said on Monday. Anthony Di Iorio, founder of the Bitcoin Alliance of Canada and a co-founder of Ethereum, a blockchain-based computing...

  • Anthony Di Iorio, founder of the Bitcoin Alliance of Canada and a co-founder of Ethereum, a blockchain-based computing platform, was hired by Canada's largest stock exchange in January. He left in September to focus on Jaxx, a universal "wallet" for holding cryptocurrencies and "tokens" that facilitate transactions in blockchain-based applications, Di Iorio...

  • JOHANNESBURG, Nov 26- South Africa's ruling African National Congress lashed out at debt rating agencies on Saturday, calling their references to political risk in recent reviews of the country as mischievous and unscientific. On Friday, Fitch kept the credit score of Africa's most industrialized economy one notch above junk status but changed its outlook...

  • Nov 25- Credit ratings firm Moody's Investors Service kept South Africa's sovereign rating unchanged at Baa2 on Friday, two levels above subinvestment grade, with a negative outlook. "The negative outlook on South Africa's Baa2 government bond rating reflects risks related to the implementation of structural reforms aimed at restoring confidence and...