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Hedge funds see MiFID win in EU warning to trading platforms

Bloomberg Hedge funds and high-speed traders have been fighting for years to level the playing field with banks on derivatives trading. They just won a round in Europe. The European Securities and Markets Authority said earlier this month that trading platforms should ensure access to a broad array of firms and warned against discriminatory policies that would favor some traders ...

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Americans lured off job sidelines may limit pay gains

Bloomberg The US labor market was robust enough last month to draw more Americans off the sidelines and into the workforce. The same trend may also be keeping wage gains subdued. While payrolls grew by more than analysts forecast and the unemployment rate barely ticked up from a 16-year low, worker pay rose a less-than-expected 2.5 percent in June from ...

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London home starts up 42% as builders ignore Brexit woes

Bloomberg London home starts rose to the highest in 18 months even as the number of unsold properties under construction climbed amid uncertainty surrounding Brexit. Construction began on 6,962 units during the second quarter, according to a report by Molior London seen by Bloomberg News. That’s 42 percent higher than a year earlier and the most since the fourth quarter ...

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