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’Something for the EBA
A stress test calculator.
Have a play around. It’s fun and kinda scary.
The LSE’s millennium bug
The London Stock Exchange has (finally) broken its silence on those migration issues. And surprise, surprise they are not to blame.
The London Stock Exchange’s UK cash markets successfully migrated to the Group’s new ultra-low latency trading platform,
Reuters names e-mini ‘flash crash’ seller
A big exclusive for Reuters, which on Friday afternoon revealed the identity of the mystery trader CFTC chairman Gary Gensler said placed a disproportionately large sell order in CME e-mini S&P futures around the time of Thursday’s ‘flash crash’.
Vigilante finance
The following Reuters flash only caught our eye because of the involvement of an associate company…
So, there appears to be an “investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Interactive Data Corporation…
FT & friends 1, InBev/FSA 0
This is a hugely important ruling for financial journalism across Europe, even if it has taken eight years to arrive.
From The European Court of Human Rights, In the case of Financial Times Ltd and Others v.
FX is changing
Harpal Sandhu, chief executive officer of a systems firm called Integral Development, is trying to change the way forex markets function.
Specifically, he wants technology to even-out the jagged playing field,
For sale in Dubai soon
As the $26bn debt workout at Dubai World gets underway, Reuters has produced a list of assets the Emirate’s flagship investment company might look to sell. And it is quite a long list.
However, the key question is whether anyone wants 300 islands in the shape of the world’s continents,
UK GDP revised…
… but not by much.
From Reuters on Wednesday:
And in pictorial form:
All of which means those economists who rubbished the initial reading have still got egg on their face.
Still,
Is the BA-Iberia merger imminent? – update
Shares in British Airways were up 10 per cent on Thursday afternoon amid expectations that the troubled carrier’s long-planned merger with Spain’s Iberia is finally about to happen.
But earlier in the London day there had been a lot of conflicting newsflow.
GDP shock flop
The recession in the UK continues. In fact it is now the longest on record.
From Reuters:
…
To put those figures into perspective, Reuters says economists were expecting growth of 0.2 per cent over the quarter after a 0.6 per cent fall between April and June.
Twitter, the new Reuters witness
Yeah, we know, glass houses. But we couldn’t help noticing the following Reuters headline on Thursday:
RTRS-SOME GOOGLE GMAIL USERS REPORT TECHNICAL PROBLEMS ACCESSING CONTACTS – REUTERS WITNESSES,
Shooting from the hip
Robert Benmosche has been talking to Reuters again – from his 12-bedroom holiday home in Croatia no less. And it seems he is quickly learning what you can and can’t do as head of a high profile company.
The business of financial commentary
We try not to indulge in media navel gazing here at FT Alphaville, but sometimes something comes along that just deserves a wider audience.
Step forward, Felix Salmon, the blog ambassador at Reuters,
False news shock – Heritage Oil edition
Here’s another example of false news shock – the tendency of erroneous news to move markets even though it has proved to be wrong. It concerns an exploration company called Heritage Oil, which has found a serious amount of oil in Kurdistan.
China to US: We hate you
[This post also contending as an entry into the Minitrue meme files.]
On Thursday last week, Reuters filed this story. It’s actually based on an FT story from Wednesday – an interview with Luo Ping,
CDS report: Spreads on Treasuries reach all-time high
CDS on the debt of the US government reached all-time highs on Wednesday as investors struggled to digest the government’s latest stimulus package splurge. (On Tuesday the Federal Reserve unveiled an $800bn injection into consumer lending markets,
Reuters sets unusual deal With IHT
Reuters Group has signed an agreement to provide the International Herald Tribune with news for the paper’s business section, hammering out a new revenue-sharing model, reports the Wall Street Journal.
People: Murdoch is the buzz at Reuters’ summer party
Talk among media heavies at the Reuters summer party hosted by CEO Tom Glocer at the British Museum wasn’t about the group’s merger with Thomson but Rupert Murdoch’s conquering of Dow Jones. Or Ruby (Rupert/News) and Diamond (Dow Jones) as they were codenamed in SEC documents filed on Thursday,
Bloomberg to boost reporting team
Bloomberg, the privately owned news and information company, will expand its 2,300-strong news operation by more than 10 per cent this year as news plays a growing role in the content on the electronic system.
Thomson accepts Reuters voting code
The Thomson family may have to vote its stake in the new Thomson Reuters in line with the Reuters Founders Share Company’s wishes, it emerged on Wednesday, as the body’s chairman gave his first explanation of why it waived its rules to allow the deal to go ahead.
Thomson plea to regulators over Reuters
Thomson Corporation and Reuters on Tuesday urged regulators to take a broad view of the “dynamic” market for financial data, but predicted it could take up to a year to complete their £8.7bn plan to seize the market lead from Bloomberg.
Lombard’s take on Thomson-Reuters
LONDON, May 15 (Reuters) – Canadian publisher Thomson Corp, owner of a rival to this news-wire, has agreed to buy Reuters, which owns this news-wire.
The £8.7bn offer would create the world’s biggest financial news and data group to rival Dow Jones,
From Reuters’ editor-in-chief…
By David Schlesinger,
From the outside, it looks like everything is about to change. From the inside, I am confident that any changes are for the better.
The deal with Thomson will transform the size and scale of Reuters and provide new fuel for growth.
Thomson and Reuters agree to become…Thomson-Reuters!
Reuters terminals across the world will be churning out details of fresh ownership at the 150-year-old news and data service on Tuesday as the boards of Reuters and Thomson agree to combine their businesses.
Reuters unions question Thomson bid
Unions representing Reuters staff in the UK, US and Canada have expressed “deep concerns” about Thomson’s £8bn bid in a letter to the Reuters Founders Share Company, the body which could decide whether the bid succeeds.
Thomson nearer to clinching Reuters deal
The Reuters Founders Share Company, the trust that acts as guardian to the editorial independence of Reuters Group, is set to back the proposed takeover of the media group by Canada’s Thomson Corp, reported the Independent on Sunday [via Reuters].
Another box ticked on the way to Thomson Reuters
This Thomson/Reuters merger is looking more like a done deal with every passing day. At least “done” in every aspect other than regulatory clearance.
Six months after announcing that it planned to sell its education division,
Investor fears hit Thomson and Reuters
Concerns about the regulatory and integration challenges of Thomson Corporation’s £8bn bid for Reuters weighed on both companies’ shares on Wednesday as it emerged that the Thomson family intends to take direct control of the merged group.
Now for the hard part: Reuters woos bid support
Reuters executives have begun the task of trying to persuade the group that guards the company’s editorial independence to allow an £8bn takeover by Thomson Corporation, even as commentators focused on the issue of whether Thomson is over-paying for Reuters.