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April 21, 2017 1:22 PM Market trader, 28, 'hoping to profit from fall in club's share price' is arrested over bomb attack on Borussia Dortmund football team bus

These trades are typically used by professional traders at banks or investment firms, suggesting the bomber had some experience with financial markets. The average person who wanted to make money off a dropping share price would more likely have taken out a bet on one of innumerable gambling websites or used a day-trading website. 'It indicates someone 54

October 11, 2016 7:42 PM Pound plunges on growing Brexit concerns

The pound slumped in late trading on Tuesday, firmly establishing sterling as the worst major performing currency this year as investors grow increasingly alarmed at the prospect of a severe rupture between the UK and EU. In Asian trading on Wednesday, the pound recovered 1.4 per cent to $1.2293. But the currency has slumped by a fifth against the dollar 29

October 7, 2016 12:34 PM The algorithm that pounded sterling and prompted a Bank of England probe

An alleged rogue algorithm caused havoc in the foreign exchange market, but their deployment has grown exponentially. An algorithm, without going into technological gobbledegook, is a set of rules to be followed in calculations, or for that matter solving other problematic operations, often used to execute a sequence of moves towards achieving an end goal. While 34

February 9, 2016 1:29 PM The BOJ Contributes To The Global Banking Crisis

The last report explained how the BOJ had already trial run the negative interest rate move, with uninspiring effects, before the official move was made. Even the initial performance of the Japanese equity market on the official announcement reflected this anti-climax. Japanese equities rallied then swiftly gave it all back, before the "international" 37

January 26, 2016 7:57 AM China shares tumble to 14-month lows as oil slips back

SHANGHAI Chinese shares plunged more than 6 percent to 14-month lows on Tuesday after oil prices dropped again, reviving concerns about global growth and prompting a sell-off in the world's equity markets. The benchmark Shanghai Composite Index .SSEC ended down 6.4 percent after a late selling frenzy at 2749.79 points, its lowest close since Dec. 1, 2014. The CSI300 index 43

January 22, 2016 6:45 AM Asia stocks end week rallying off four-year lows, helped by ECB, oil bounce

TOKYO/SINGAPORE Asian stocks bounced at the end of a tumultuous week, recovering from four-year lows thanks to hints of more monetary policy support by the European Central Bank and a rally in crude oil from 12-year lows. European markets could follow, with financial spreadbetters expecting Britain's FTSE 100 to open up about 0.4 percent, Germany's DAX to start 41

January 20, 2016 8:44 AM China shares slip as oil slides, outweighing stimulus hopes

SHANGHAI China's volatile stock markets fell more than 1 percent on Wednesday, though mounting chatter about imminent policy stimulus provided some support against the backdrop of a fresh slide in oil prices, which hit stock markets across the globe. Asian and European stocks were down sharply as U.S. crude sank beneath $28 a barrel for the first time since 43

January 5, 2016 12:45 PM What Sainsbury's Sees In Home Retail Group

A successful takeover bid for the owner of Argos and Homebase could easily result in the UK's largest "click and collect" network. A takeover bid for Home Retail Group, the owner of Argos and Homebase, has been rumoured for quite a while. Private equity buyers have been linked with either a bid for the entire company or some of its constituent parts 38

December 17, 2015 1:42 PM Infamous US drug entrepreneur arrested on suspicion of fraud

Martin Shkreli known for raising price of life-saving pill from $13.50 to $750 A boyish drug company entrepreneur, who rocketed to infamy by increasing the price of a life-saving pill from $13.50 (€12.46) to $750, was arrested by federal agents at his Manhattan home early on Thursday morning on suspicion of securities fraud related to a firm he founded 49

September 22, 2015 7:34 AM Ex-hedge funder buys rights to AIDS drugs, increases prices by 5,500%

Price of drug used to treat AIDS patien­ts and certai­n cancer patien­ts rose from $13.50 a tablet to $750 Specialists in infectious disease are protesting a gigantic overnight increase in the price of a 62-year-old drug that is the standard of care for treating a life-threatening parasitic infection. The drug, called Daraprim, was acquired in August 58 1