LONDON, June 23 (Reuters) – The first part of the London Metal Exchange’s (LME) courtroom drama is over after three days of legal argument at London’s Royal Courts of Justice. The LME, owned by Hong Kong Exchanges and Clearing (0388.HK), now awaits judgment on whether its cancellation of nickel trades...
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LONDON, June 19 (Reuters) – A lawsuit brought by Elliott Associates and Jane Street Global Trading against the London Metal Exchange (LME) for cancelling nickel trades during chaotic trading in March 2022 will be heard in a London court on June 20-22. On March 8, 2022 nickel prices more than...
SYDNEY, June 16 (Reuters) – Some of Australia’s biggest companies, including miners, banks and retailers, are emerging as powerful sources of support for a campaign to recognise the country’s Indigenous people in the constitution, a development that could sway the outcome of a referendum later this year. The advocacy of...
NEW YORK, May 31 (Reuters) – Wells Fargo & Co’s (WFC.N) Chief Executive Officer Charlie Scharf said on Wednesday that there will be losses in the office loan space but the lender was proactively managing its portfolio. “We will see losses, no question about it. But in the context of...
NEW YORK, May 23 (Reuters) – Private equity firm GTCR LLC has raised its largest fund ever, collecting $11.5 billion from investors to acquire companies that span the technology, healthcare, financial and consumer services sectors, it told Reuters on Tuesday. The milestone defies fundraising challenges private equity funds are facing...
NEW YORK, May 16 (Reuters) – Wells Fargo & Co (WFC.N) has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. A preliminary settlement of the proposed class action was...