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Germany’s BaFin fines BlackRock for late filing of voting rights
FRANKFURT (Reuters) – The German financial markets watchdog BaFin said on Tuesday it had fined BlackRock Investment Management (UK) Ltd <BLK.N> 744,000 euros ($809,000) for failure to file voting rights notifications in a timely way. Investors are required to inform regulators within four trading days if they cross certain stake thresholds, such as 3% and […]
Election result 2020: Why business is in the driver’s seat
In our third-generation sheep and beef farming family, the fear of a Labour Government being elected in 1984 was palpable. We were in Ashhurst, a small farming community in the Manawatu for election night. As the triumphant red tide of Labour under the young, hugely popular David Lange swept through traditional National seats, the party […]
Oil prices flat; OPEC+ mulls supply cut as virus hits demand
By Stephanie Kelly NEW YORK (Reuters) – Oil futures gave up early gains and settled narrowly mixed on Thursday, as OPEC and its partner Russia gave mixed signals about possible further output cuts to mitigate the impact of any weakening in global demand due to the coronavirus outbreak. Brent crude <LCOc1> futures lost 35 cents […]