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  • WASHINGTON, Jan 31- Barclays and Credit Suisse are poised to settle federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said on Sunday. Of that, Barclays will pay a $70 million fine split evenly between the SEC and New York state, admit...

  • SAN DIEGO, Jan 29- CME Group Inc, the world's largest futures market operator, is considering implementing circuit breakers in its cattle markets after complaints about extreme volatility. The circuit breakers could be triggered when prices decline sharply, "so people don't get into panic-type selling on the way down," Executive Chairman Terry Duffy told a...

  • NEW YORK, Jan 28- The New York Stock Exchange on Thursday recommended reforms to the U.S. equities market which it said could improve stability and prevent a repeat of the wild price swings seen on Aug. 24 during a near-unprecedented bout of volatility. During the volatility on Aug. 24 there were 1,278 halts compared to 39 on a typical day, NYSE, which is owned by...

  • The move prompted Nasdaq, along with other exchanges and automated trading firms, to complain to the SEC about IEX's operating model. They said it runs afoul of a sweeping set of rules governing exchanges the SEC adopted in 2005 called Regulation National Market System. The SEC has also received hundreds of letters in support of IEX, which features a "speed bump"...

  • TORONTO, Jan 27- Dour credit rating agencies and rising borrowing costs have added to Alberta's misery after a plunge in crude oil prices slammed its economy, but portfolio managers have sniffed value in the province's underperforming bonds. The spread between the yield on Alberta's 10- year bond and the Government of Canada's 10- year benchmark has widened...

  • Worries about slow growth and debt in China, as well as slowing global trade, have hit global financial markets hard, sending U.S. stocks to their worst January ever, down 7 percent. Futures prices now indicate a 70 percent chance that the Fed either keeps rates unchanged or hikes by 25 basis points once this year, according to data from CME Group, an outcome given less...

  • SINGAPORE, Jan 22- Rating agency Moody's on Friday placed large parts of the global oil and gas sector on review for a downgrade, as a crash of more than 70 percent in oil prices over the last 18 months has pulled down energy company stocks as well. The reviews affect oil and gas companies across the world, including the United States and Canada, Latin America, the...

  • SYDNEY, Jan 22- Australian markets operator ASX Ltd on Friday said it has bought a minority stake in a U.S. blockchain developer, positioning itself to become the first stock exchange in the world to use distributed ledger technology for public companies. The A $14.9 million investment in Digital Asset Holdings would help to cut costs, speed up transactions and...

  • *Plans include creating spot commodities market in China. HONG KONG, Jan 21- Hong Kong Exchanges and Clearing will start new initiatives including an onshore China commodities platform and a way for foreign companies to launch offerings in the mainland via the Hong Kong-Shanghai Stock Connect program, its CEO said. The initiatives will be launched between...

  • BEIJING, Jan 21- The suspended stock market circuit breaker mechanism was not an appropriate policy for China, the deputy head of the country's securities regulator told CNN, two weeks after the mechanism was halted. "The circuit breaker is a standard practice in a lot of Western markets, so we thought that perhaps it could work in China as well," Fang Xinghai, the vice...

  • HONG KONG, Jan 21- Hong Kong Exchanges and Clearing will launch new initiatives including an onshore China commodities platform and a way for foreign companies to list via the Hong Kong-Shanghai Stock Connect program, HKEx Chief Executive Charles Li said on Thursday.

  • CHICAGO, Jan 19- U.S. cattle producers have called on CME Group Inc and federal legislators to rein in price volatility they say has rendered the world's largest livestock futures market ineffective. The National Cattlemen's Beef Association blames price swings on high-frequency traders, and R-CALF USA says the nation's largest meat packers fueled price...

  • CHICAGO, Jan 15- Standard& Poor's on Friday dropped the credit rating for the financially struggling Chicago Board of Education deeper into "junk" ahead of the school district's $875 million bond sale slated for later this month. Still S&P said the Chicago Public Schools expects to end fiscal 2016 with just $33 million in its coffers. The rating agency also noted...

  • WARSAW, Jan 15- Rating agency Standard and Poor's unexpectedly cut Poland's credit rating by one notch to BBB+ on Friday, saying the new conservative government has weakened the independence and effectiveness of key institutions. "The downgrade reflects our view that Poland's system of institutional checks and balances has been eroded significantly," S&P...

  • ABUJA, Jan 11- Nigeria's central bank is halting dollar sales to non-bank foreign exchange operators and letting commercial banks accept dollar deposits with immediate effect, its governor said on Monday, in an effort to shore up dwindling foreign reserves. Africa's biggest economy, an OPEC member state that depends on oil sales for about 95 percent of its...

  • *Focus on yuan, China shares. China announced late on Thursday it suspended its new stock market circuit breaker introduced only on Monday as the system failed to reduce market volatility, with some market players even saying it backfired. "The sharp drop has led to speculation that China is letting go of the reins on the CNY, or perhaps targeting faster...

  • *China circuit breaker suspended as of Friday. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a newly-imposed circuit breaker. The Shanghai and Shenzhen stock exchanges, however, said China would suspend the circuit breaker as of Friday.

  • *China circuit breaker suspended as of Friday. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a newly imposed circuit breaker. Global stocks, however, recouped some losses after the Shanghai and Shenzhen stock exchanges said China would suspend the...

  • *Share prices off lows as China suspends circuit-breaker. *Miners and car stocks hit hard by China worries. MILAN/ LONDON, Jan 7- European shares fell sharply on Thursday after China accelerated the depreciation of the yuan but were helped off their lows after the Chinese securities regulator said it would suspend its new stock market circuit-breaker mechanism.

  • *China again guides yuan lower, spooking investors. China stocks circuit breaker suspended. Stocks on Wall Street pared losses after China suspended the circuit breaker that stops trading for the day when stocks fall 7 percent, a halt that occurred twice this week.