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FCStone bets on tech transforming physical gold market

  Bloomberg INTL FCStone Inc. is betting the $170 billion physical gold market will follow the rest of the bullion world in catching up with technology. The brokerage has started a platform that brings everyone from refiners to jewelers together to trade metal around the world, said Barry Canham, who heads the company’s precious metals division. At the moment, the ...

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Counterfeiters, hackers cost US up to $600 billion a year

  Bloomberg Counterfeit goods, software piracy and the theft of trade secrets cost the American economy as much as $600 billion a year, a private watchdog says. In a report out on Monday, the Commission on the Theft of American Intellectual Property says the annual losses range from about $225 billion to $600 billion. The theft of trade secrets alone ...

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Blackstone, Prudential to win in $16bn loan sale

  Bloomberg Blackstone Group LP and Prudential Plc were picked as preferred bidders for about 12.5 billion pounds ($16 billion) of UK mortgages made by failed lender Bradford & Bingley, according to two people with knowledge of the matter. The New York private-equity giant and London-based insurer were among winners in a contest overseen by UK Asset Resolution Ltd., a ...

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