Can’t-miss stories from the web
Two old-school Wall Street brokers sound the alarm on high-frequency trading and its effect on global markets.
Glen-X: Putting a price on control
The dance between Glencore and Xstrata comes down to the price attributed to the driver’s seat of the post-merger entity.
Short Chinese stocks, go directly to jail
A disturbing report about Silvercorp Metals Inc. and its alleged campaign to silence short sellers of its stock with the help of Chinese security services.
Julie Dickson, in detail
The OSFI chief on banks, TBTF and Libor.
Canadian banks hang out the ‘help wanted’ sign
The nation’s eight publicly traded lenders bucked the global trend and added 8,512 full-time employees in the three months ended July 31.
Hedge funds increasingly bullish on commodities
Hedge funds raised bullish commodity bets to the highest in 16 months before speculation that policy makers in the U.S., China and Europe will revive global growth pushed prices higher for a sixth week.
UBS trader trial to begin this week
Kweku Adoboli, who was arrested a year ago when losses of $2.3-billion came to light, has pleaded not guilty to two charges of fraud and two of false accounting related to disastrous trades that UBS says were unauthorized.
Nothing to see here, move along
The short statement from Encana chairman David O’Brien exonerating top company executives of collusion this week implanted the cliched image of the cop in old movies urging the curious bystanders on after some incident, says the Calgary Herald’s Stephen Ewart.