SFO drops Keydata investigation

The Serious Fraud Office has dropped its investigation into the management of the defunct investment firm Keydata.

US accuses Deutsche Bank of lying

US authorities sue Deutsche Bank for more than $1bn (£600m) alleging that it defrauded the US government.

Yandex passed information to FSB

Russia’s largest search engine, Yandex, confirms that it passed confidential data to the country’s state security service, FSB.

News Corp and Exor explore F1 bid

Rupert Murdoch’s News Corporation and an Italian investment firm linked to Ferrari are working on a possible bid to take control of Formula 1.

Forex: MIG BANK Offers CFDs

Further to the recent acquisition of the Securities Dealer License, forex broker MIG BANK is proud to announce that CFDs trading is now available to all of their clients.

Hisham Mansour, CEO of MIG BANK, was quoted in response to the announcement: “As an increasing number of our clients are looking for diversification of their forex investing portfolios, and as Contracts For Differences (CFDs) are becoming increasingly popular with investors, we have decided to address this in our product portfolio.”

Mr. Mansour goes on to explain: “Our clients can now enter new financial asset classes through one trading platform and trade currencies, bullions, major stock indices and commodities with more commodities and equities in the pipeline”.

Asked on which indices are available to clients, Mr. Mansour went onto clarify: “We now offer our clients CFDs on the DOW, S&P 500, Nasdaq 100, Russell 2000, AEX, CAC, FTSE 100, FTS/MIB, IBEX 35, SMI, DAX, Nikkei 225 as well as CFD on major commodities such as US Crude Oil, Natural Gas and Heating Oil.”

“Just like our offering in forex trading, our fully transparent dealing model will apply to CFDs trading as we are committed to continually raising the standards for the entire industry”.

Glencore unveils flotation price

Glencore announces details of its planned flotation, valuing the commodities trading company at $61bn, and making four staff billionaires.

Portugal reaches deal on bail-out

Portugal has reached a deal on a bail-out from the EU and IMF, its caretaker prime minister announces.

House prices ‘still on the slide’

House prices in England and Wales are still falling, according to the latest survey from the Land Registry.

Hot weather boosts Next’s profits

High Street retailer Next raises its profit forecast after the recent warm weather and royal wedding bank holiday boost sales.

BMW profits surge on record sales

BMW, which makes Mini and Rolls-Royce cars, reveals a fourfold rise in first-quarter profits as sales hit a record level.