Trading

Last year, two Societe Generale Hong Kong traders left the group after the French bank found unauthorised derivatives trading that could have cost it money during a severe downturn in the market. confirmed Tuesday that its compliance…

ExxonMobil oil traders in Brussels who refuse to move to London because of low pay are at risk of losing their jobs. Unions warn that staff at the multinational company are hesitant to move to London due to their dissatisfaction over…

BP is expecting a "strong performance" from its trading division, which buys and sold oil. It also expects an improvement in the upstream production and gas of oil and low-carbon fuels. The FTSE group stated in advance of the release of…

The trading of shares in one of Britain's largest bar operators was suspended Tuesday, as the company sought to raise emergency funds backed by serial investor Luke Johnson. Revolution Bars Group said that it was unable to comply with…

One man was blamed when cocoa prices reached the heights of this year. He is credited with causing the rise. Anthony Ward, the hedge fund trader nicknamed "chocfinger" after James Bond's gold-hoarding villain Goldfinger made millions of…

Financial regulator warns City firms of the danger posed by organised criminal groups that seek to manipulate markets. It has revealed it made three arrests as part of a "major" operation. The Financial Conduct Authority announced that…

Investors are rethinking the timing of Bank of England rate cuts in this year. The Ice Bank of America Index of UK Government Debt has fallen by 3.6% this month, more than twice its US counterpart. This is largely due to an unexpected…

Carta, the $7.4 billion software company that helps start-ups track their investors' investments, is attempting to trade its customer's shares without consent. This complaint threatens to undermine confidence in this widely used platform.…

On Tuesday, container shipowners abandoned one of the busiest trade routes in the world. Many of the largest cargo ships diverted to avoid the Red Sea due to the increasing attacks by Iranian-backed rebels. AP Moller Maersk, the second…

According to the prosecution, a former Goldman Sachs lawyer and his brother (an ex-Clifford Chance attorney) committed insider trading using confidential information obtained by the elite Wall Street Bank. Mohammed Zina and his brother…

Zero-day options are now being traded on various markets, including the Treasury and Commodity markets, as exchanges like Nasdaq aim to replicate the success of US stock index trading. Nasdaq listed this week a series of new option…

According to a European Central Bank study, geopolitical tensions have prompted more multinational companies signaling plans to move production to countries that are closer to their final market. The ECB discovered that almost four times…

The Danish climate minister said that EU farmers must pay for their greenhouse gases emissions. This comes as Brussels struggles with reining in a sector which is projected to be the biggest polluter of the EU by 2040. Lars Aagaard…

Ken Griffin, founder and CEO of the $62bn US hedge funds Citadel, warned regulators to focus on banks instead of his industry, if they wanted to reduce the risks in the financial systems stemming from leveraged wagers on US Government debt.…

Cathie Wood, Ark Investment Management's asset manager, has a new pitch for investors who may be worried about the huge losses the asset manager suffered due to the rising interest rates. Think of the tax write offs. Morningstar reports…

CVC, Europe's biggest private equity group, is set to announce that it will float its shares in Amsterdam by the end of next week. In 2021, the firm with €161bn of assets under management was valued at €15bn as part of a private deal. …

Goldman Sachs reported a 36% drop in its third quarter profits. This is the eighth consecutive quarter that earnings have fallen. The bank has been struggling with losses after its withdrawal from retail banking, and writing downs on real…

Birkenstock shares dropped by more than 10% on the first day of trading Wednesday afternoon after the German sandal manufacturer completed the third largest US listing of the calendar year. After a long period of slowdown, the market for…