Following the financial meltdown of a key government contractor in the UK, Carillion Plc., legislators and professionals are discussing the breakup of the Big Four auditing firms. Such a drastic measure, however, would probably do less to increase the relevance of audits than a different change, also unpopular with auditors. Carillion’s demise caused the debate because, as the construction firm ...

Bloomberg The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the biggest weekly price decline since December. Money managers headed for the exits ...

Bloomberg Chinese-backed Asia Pacific Exchange Pte (Apex) said it will start trading in Singapore from May 25, the latest foray into overseas trading venues by mainland investors. Apex will offer palm olein futures that will be dollar-denominated and physically delivered, it said in a statement. The bourse will be the third derivatives exchange in the city-state, joining venues owned by ...