INVESTMENT

Chi-X Europe criticized the London Stock Exchange for adopting a procedure that prevented trades being routed to rival venues when glitches halted trading for more than three hours on Thursday.

China Minsheng Banking Corp fell a disappointing 3 percent in its Hong Kong debut on Thursday after raising $3.9 billion in the world's fifth largest IPO this year, underscoring how sentiment for Chinese banks has soured recently.

Debt problems in Dubai hit financial markets across the board on Thursday, sinking global stocks, helping lift safe-haven bonds and taking the dollar up from a 14-year low against the yen.

Sumitomo Trust and Banking has hired Daiwa Securities SMBC and UBS AG to advise on its planned merger with Chuo Mitsui Trust Holdings, three people with knowledge of the matter said.

European banks were hit by concern about potential exposure to debt problems in Dubai on Thursday, while companies where Middle Eastern investors own big stakes also came under pressure.

Shares in banks, builders and companies part-owned in the Middle East fell around the world on Thursday and investors sought safety in government bonds on worries about Dubai's ability to pay its debts.

Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year low against the yen on Thursday.

Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year low against the yen on Thursday.

Caisse de depot et placement du Quebec, one of Canada's biggest pension funds, said on Wednesday it had completed a $5 billion global debt offering as part of a refinancing program aimed at fortifying balance sheets decimated by the global financial crisis.

The Federal Reserve is tightening its policies on director eligibility more than six months after then New York Fed Chairman Stephen Friedman resigned after questions were raised about his stockholdings in Goldman Sachs once it came under the Fed's direct supervision.

A handful of banks have told the Federal Reserve they could do more to support the central bank's exit from its emergency cash infusions if a key accounting rule was changed, according to a person familiar with the situation.

U.S. regulators are increasingly looking beyond stocks in their insider trading investigations to examine derivatives and credit default swaps, a top Securities and Exchange Commission official said.

The Federal Reserve said on Wednesday it will no longer allow directors at regional Fed banks to own shares in financial firms, following controversy over a former Goldman Sachs CEO who bought that firm's stock while leading the New York Fed's Board.

A Luxembourg court launched a case on Wednesday to determine whether investors who lost money to Wall Street swindler Bernard Madoff can seek compensation from Swiss bank UBS, a spokesman for the court said.

Bank of America Corp has asked a Manhattan federal court to dismiss an investor class-action lawsuit over its Merrill Lynch & Co purchase, including disclosures about Merrill's losses and bonus payouts.

U.S. stocks edged up on Wednesday, supported by data that pointed to stabilization in the labor and housing markets -- two sectors largely considered responsible for slowing down a recovery.

Jerry Jordan, one of the top-performing U.S. growth fund managers over the past three years, says he's sold all his holdings of Apple and Google because their stock prices had gotten too expensive.

U.S. stocks edged up on Wednesday after data pointed to stabilizing labor and housing markets, considered two big headwinds slowing down a recovery.

London Stock Exchange Chief Executive Xavier Rolet said the success of his strategy to counter intense competition from upstart rivals in UK cash equity trading should be clear within six to nine months.

Private equity investors are planning for the possibility Canada's economy will struggle to emerge from recession, even if it turns in a positive third-quarter performance, money managers said on Tuesday.

The price of garlic in China has nearly quadrupled since March, propelled by its very pungency to rank ahead of gold and stocks as the country's best-performing asset this year.