Business

FCA reveals how advisers will be hit by senior manager rules

FCA reveals how advisers will be hit by senior manager rules

In a consultation paper published this morning, the FCA set out how it plans to apply the regime to all financial firms . The regulator said it will "essentially" replace the Approved Persons Regime with other staff not deemed to be senior managers having to be certified by the firm annually.


West Ham sign Javier Hernandez from Bayer Leverkusen for £16m

West Ham sign Javier Hernandez from Bayer Leverkusen for £16m

Hernandez says he is happy to be returning to the Premier League where he previously enjoyed a fruitful spell with Manchester United . "It was not a hard decision". West Ham co-owner David Sullivan has claimed that Arsenal are handed home draws in cup competitions more than any other team. "He has a proven goalscoring record in the Premier League , La Liga and the Bundesliga, as well in the UEFA Champions League and at worldwide level with Mexico", Sullivan said .


Oil prices soar on reports of fall in U.S. inventory

Oil prices soar on reports of fall in U.S. inventory

The EIA is out with the government's inventories report . Anadarko Petroleum Corp said on Monday it would cut its 2017 capital budget by $300 million because of depressed oil prices, the first major US oil producer to do so, after posting a larger-than-expected quarterly loss.


Ford second quarter beats expectations thanks to F-Series sales

Ford second quarter beats expectations thanks to F-Series sales

Operating income fell 16% to $2.5 billion due to higher commodity costs, unfavorable exchange rates in China and Europe, and expenses related to the auto maker scrapping plans to build a small-car factory in Mexico. Ford said it now expect full-year adjusted earnings per share in a range from $1.65 to $1.85, above the $1.51 expected by Wall Street, according to Thomson Reuters I/B/E/S.


Strike by oil tanker owners causes fuel shortage in Pakistan

Strike by oil tanker owners causes fuel shortage in Pakistan

Today's talks proved successful as the government assured the APOTA that it would remove oil transporters' concerns and eventually the association agreed to end its strike. Without taking any punitive action, Ogra had hired the services of two separate third-party inspection companies to verify claims by the oil marketing companies that up to 40 per cent tankers were complying with the 2009 Ogra technical standards for fuel transportation and to identify the reasons for frequent accidents ...


Case Shiller: Chicago Area Falls To Last Place In Home Price Gains

Case Shiller: Chicago Area Falls To Last Place In Home Price Gains

David Blitzer , chairman of the index committee at S&P Dow Jones Indices , pointed to the uneven nature of the housing recovery across the country as a sign that the market isn't building to a bubble, as it did in the early 2000s. Blitzer points out that it can be misleading to look at markets like Seattle, Portland and San Francisco, because in those cities the population is growing faster than in other areas of the country, putting an additional strain on inventory and artificially ...