Senators Booker and Kim Slam Stock Trading Millionaire Politicians Like Mikie Sherrill, Call for Ban on Insider Trading in D.C.
Trenton, NJ – Senator Andy Kim publicly endorsed Congresswoman Mikie Sherrill for New Jersey governor, but this week, he posted a pointed criticism of elected officials who personally profit from stock trading…
BlackRock and Tradeweb Markets partner on credit trading
NEW YORK (Reuters) – The world’s largest asset manager BlackRock Inc and trading platform Tradeweb Markets Inc are partnering to enhance electronic bond trading, the companies said on Tuesday. Users of BlackRock’s…
U.S. drops insider trading case against two Florida men
By Nate Raymond BOSTON (Reuters) – U.S. prosecutors on Monday moved to dismiss insider trading charges against a hedge fund manager and a Florida entrepreneur after their star witness withdrew from an…
Russian rouble edges up in narrow trading range vs dollar
MOSCOW (Reuters) – The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters…
Hong Kong’s leading crypto retail operator says it ceases trading as FTX fallout roils sector
By Georgina Lee HONG KONG (Reuters) – A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency…
Exclusive-Shell’s flagship LNG trading made nearly $1 billion loss in Q3 -sources
By Ron Bousso, Marwa Rashad and Dmitry Zhdannikov LONDON (Reuters) – Shell’s liquefied natural gas (LNG) trading division recorded a loss of nearly $1 billion in the third quarter of the year,…
Europe’s debt market strains force some governments to rework trading rules
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope with some…
Glencore set for record 2022 trading profit despite second-half fall
LONDON (Reuters) – Glencore expects second-half operating profit at its trading arm to fall sharply from the previous six months to $1.6 billion, it said on Friday, but it remains on track…
Global FX trading hits record $7.5 trln a day – BIS survey
By Marc Jones and Alun John LONDON (Reuters) – Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global dominance but some…
Exchange operator CME tops profit views as trading volumes surge
(Reuters) – Futures exchange operator CME Group Inc reported third-quarter profits that beat expectations as volatility in the global markets amid high inflation, aggressive rate hikes and recession fears, drove trading volumes…
Exclusive-Vietnam may widen dong trading band again to conserve FX reserves – source
HANOI (Reuters) – Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar again, in order to conserve its shrinking…
Singapore central bank proposes measures on crypto trading, stablecoin
By Chen Lin SINGAPORE (Reuters) – Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm…
Los Angeles gasoline retreats in last day for trading October products
HOUSTON (Reuters) – Gasoline retreated in the Los Angeles wholesale market on Friday, the last day for trading October products, West Coast market traders said. October-delivery CARBOB gasoline was valued in Los…
EU proposes matching UK move to boost ‘dark’ share trading, documents show
By Huw Jones LONDON (Reuters) – A curb on “dark” or off-exchange trading of shares in the European Union should be completely removed to compete better with Britain, EU documents seen by…
Top Fed Official Under Investigation For Violating Insider Trading Rules
Top Fed Official Under Investigation For Violating Insider Trading Rules John Hugh DeMastri on October 14, 2022 Raphael Bostic, President of the Federal Reserve Bank of Atlanta, is under investigation by…
Get out the Red Bull, 24/7 stock trading is coming, market execs say
By John McCrank (Reuters) – Around-the-clock trading, a feature of cryptocurrency markets, is likely coming to U.S. equities within five years, some retail brokerages and exchange operators, including Robinhood Markets and Cboe…
Tesco shoppers trading down to own label products, frozen food -CEO
LONDON (Reuters) – British shoppers are trading down to own label products and frozen food, and buying less non-food goods, as a result of the cost-of-living crisis, the head of Britain’s biggest…
Trafigura expands management committee, combines gas and power trading
LONDON (Reuters) – Trafigura has appointed Richard Holtum as its global head of a newly combined gas and power division, the commodities trading firm said on Tuesday. Holtum has also become the…
‘Failure Of House Leadership’: Dem Rep Excoriates Own Party, Pelosi For Not Passing Bill Banning Stock Trading
‘Failure Of House Leadership’: Dem Rep Excoriates Own Party, Pelosi For Not Passing Bill Banning Stock Trading Harold Hutchison on September 30, 2022 Democratic Rep. Abigail Spanberger of Virginia blasted House…
‘Defeats The Whole Purpose’: Nancy Pelosi’s Stock Trading Ban Bill Contains A Major ‘Loophole,’ Experts Warn
‘Defeats The Whole Purpose’: Nancy Pelosi’s Stock Trading Ban Bill Contains A Major ‘Loophole,’ Experts Warn Gabe Kaminsky on September 30, 2022 House Speaker Nancy Pelosi’s stock trading bill for members…
Exclusive-Maroil takes over most of Venezuela’s petroleum coke trading
By Marianna Parraga and Sudarshan Varadhan HOUSTON/CHENNAI, India (Reuters) – Maroil Trading, owned by shipping tycoon Wilmer Ruperti, has taken over sales of almost all Venezuela’s exports of petroleum coke, a move…
Moscow exchange to stop trading in British pounds on Oct 3
MOSCOW (Reuters) – Russia’s Moscow Exchange said on Tuesday that it would stop trading in British pounds in its foreign currency market on Oct. 3. “Suspension of these operations is due to…
‘Legalized Corruption’: Democrats’ Delay On Stock Trading Ban Is ‘Disappointing,’ Watchdogs Say
‘Legalized Corruption’: Democrats’ Delay On Stock Trading Ban Is ‘Disappointing,’ Watchdogs Say Gabe Kaminsky on September 18, 2022 Senate Democrats’ move to delay a bill banning members of Congress from trading stocks…
Democrats Are Delaying A Stock Trading Ban Until After Midterms
Democrats Are Delaying A Stock Trading Ban Until After Midterms Gabe Kaminsky on September 15, 2022 Democratic senators will not put forth legislation banning members of Congress from trading stocks prior to…
Tippee Pleads Guilty In First Ever Cryptocurrency Insider Trading Case
Damian Williams, the United States Attorney for the Southern District of New York, announced today that NIKHIL WAHI, the brother of a former product manager at Coinbase Global, Inc. (“Coinbase”), pled guilty…
U.S. DOJ short-selling probe looks at trading in Amazon, Microsoft, JPM – Bloomberg News
(Reuters) – The U.S Department of Justice has subpoenaed some short sellers for trading information on firms including Amazon.com Inc, Microsoft Corp and JPMorgan Chase & Co, as part of a short-selling…
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