ICE bars MF Global from floor, customers can unwind only
NEW YORK (Reuters) - ICE Futures U.S. on Monday barred MF Global brokers from its trading floors and said the stricken brokerage's customers will be limited to liquidation-only trading, effective immediately.
Additionally, the exchange -- one of the two biggest commodity markets in the world -- will no longer recognize MF Global or any of its divisions as a guarantor for purposes of floor trading privileges, ICE said in a notice.
(Reporting by Marcy Nicholson)
WASHINGTON - U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases.
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.