Business

FCA to tighten up spread betting rules

RBC Capital Markets said the news "is negative - period" and that even though CMC and IG have the highest standards and are unlikely to be the intended targets, they "will be negatively impacted nonetheless", noting that IG takes 50% of revenue from the United Kingdom, with CMC just under 40%.

Business

US, Western leaders calling for immediate Aleppo cease-fire

On Wednesday, the leaders of Canada, France, Germany, Italy, the United Kingdom and the USA issued a joint statement condemning Damascus and Moscow for the violence in Aleppo . Asked to comment on the deaths of two nurses at a makeshift Russian military hospital in Aleppo this week, Stoltenberg said "the situation in Aleppo is very, very hard".

Business

Trump vows to bring down drug prices, doesn't say how

The Nasdaq Biotechnology Index was down 3.5 percent at 10:44 a.m.in NY on Wednesday. Meekins said in a Wednesday note that Tom Price, Trump's pick to head the department of Health and Human Services, and the Republican-controlled Congress would not support government regulation on drug prices.

Business

Amazon Opens Line-free Grocery Store in Challenge to Supermarkets

Amazon, the giant U.S. retailer, has unveiled what looks like the prototype model for retail stores of the future with Amazon Go . Depending on the success of the test locations, Amazon could reportedly open more than 2,000 brick-and-mortar grocery stores under its brand.

Business

How the Dow Jones industrial average finished Wednesday

In New York , the Dow Jones industrial average surged 297.84 points at 19,549.62, while the S&P 500 added 29.12 points at 2,241.35. The Standard & Poor's 500 index picked up 3 points, or 0.2 percent, to 2,215, about two points above its most recent all-time high.

Business

UTC CEO says keeping IN plant open 'good deal'

The lobby of the Times building is open to the public, and a large crowd had gathered by the time he departed. "Please be forewarned prior to making a very expensive mistake!" he wrote . Trump, who has touted himself as an excellent negotiator, took credit last week for Carrier's partial reversal of its plans. 'Rexnord of IN is moving to Mexico and rather viciously firing all of its 300 workers, ' Trump tweeted on Friday.