Does tick size matter? SEC launches review
The US Securities and Exchange Commission (SEC) and the Financial Regulation Authority (FINRA) are exploring the impact that increased tick sizes have on market quality for smaller capitalisation stocks.
Deals & Markets
Europe represents 10% of RMB payments worldwide, finds tracker
A new RMB Tracker created by SWIFT has found that, over the past year, Renmimbi payments in four European countries have gradually outstripped even China and Hong Kong.
Scotland’s backup plan would be the euro, says Balls
The UK’s shadow chancellor Ed Balls has said that Scotland’s “least worst” option following a yes vote would be to lobby for euro membership as an alternative to the pound.
Eurozone heading for depression, say Nobel-winning economists
The lasting effects of austerity are plunging parts of Europe into economic holes that could last for decades, according to a number of Nobel laureates.
Fears mount over Chinese lending slump
Concerns over corporate defaults and a stalling property market have reportedly given Chinese lenders cold feet – driving last month’s new credit figures to their lowest point since the crash.
HKMA shifts focus to wealth management
As the number of millionaires in the Asia-Pacific region approaches that of North America, the Hong Kong Monetary Authority (HKMA) has announced plans to prioritise its asset and wealth management industry – but will still promote its yuan and treasury management businesses.
Walgreens to acquire Alliance Boots
The US pharmaceutical company Walgeens has confirmed that it plans to buy the remaining 55% stake in Alliance Boots for £6 billion.
Panasonic invests $200m in Tesla
The electric car producer Tesla has secured $200m of funding from Panasonic for its US based lithium-ion battery plant, it has been revealed.
Ryanair stocks take off in first quarter
Europe’s biggest budget airline Ryanair has survived a curse of international airline disasters to see profits soar over the first quarter of 2014, it was revealed today.
Amazon shares slip downstream
The internet giant Amazon saw shares slump by 11.36% today, after posting a loss for the second quarter, it has been reported.
