European regulators have raised the pressure on spreadbetters, pushing forward with a consultation on plans to tighten control of the retail online trading market amid concerns some products are too risky for amateur customers.
The proposals, which were first trailed in December, include tough restrictions on the amounts retail customers can borrow to leverage their bets -- and allow them to pump up returns but also greatly magnify losses -- and a possible ban on cryptocurrency-based products.
BP is set to sign an agreement with Iraq to boost production from the Kirkuk oilfield, Reuters reported on Thursday, three months after Baghdad reclaimed disputed territory from the Kurdistan Regional Government.
Germany’s top central banker said said immigration is partly to blame for the lack of decent wage rises in Germany — though the experience of other countries suggests global economic factors are at work too.
A day after turnround specialist Melrose went hostile with its bid for the British engineering group, GKN published a stinging rebuttal in which it described elements of Melrose’s offer to shareholders as inaccurate, “misleading” and giving a “fake premium”.
Breaking news alert: a private-sector company providing previously state-run services is not about to collapse, require refinancing, or pay massive bonuses to its former bosses… er, in fact, it has just reported stronger than expected financial performance. Don’t tell Jeremy Corbyn or John McDonnell.
Letter volumes, which have been declining for some time now, continued to do so. UK parcel revenues improved, although not as fast as volumes. The real star continues to be its European parcel delivery business, GLS, where revenues and volumes were both up 10 per cent over the first nine months of the fiscal year.
Primark, the UK’s biggest clothing retailer by volume, said on Thursday that it had made “record sales” in the week before Christmas, in contrast to a decidedly uncheery string of recent trading statements on the UK high street .
Mining giant Rio Tinto has halted shipments of copper concentrate from its giant Oyu Tolgoi copper mine following a week-long dispute at the border crossing to China and a new tax bill from the Mongolian government.
Apple has pledged to invest more than $30bn to expand its American operations in the wake of last month’s US tax cut, even as it makes an estimated $38bn one-off tax payment on the repatriation of its overseas profits.
South Korea’s Kakao has raised about $1bn by selling global depositary receipts to foreign investors, which will be used for strengthening its future businesses including artificial intelligence through overseas acquisitions.