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US alleges futures-spoofing by traders

Bloomberg Three commodities traders were charged by the US Justice Department with orchestrating a $60 million fraud that involved spoofing and conspiring to manipulate futures contracts, according to prosecutors and court filings in Houston. Yuchun “Bruce” Mao, a 39-year-old Chinese national, is accused of working with two other traders at his firm in a scheme to rig the purchase and ...

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Trump uses immigration talk to energise midterm voters

Bloomberg President Donald Trump has thrust the issue of illegal immigration back to the fore of his political rallies, gambling that his combative rhetoric can galvanize his Republican base ahead of next month’s pivotal midterm elections. But so far there’s scant evidence the divisive issue that helped carry him to victory in 2016 will do the same for his party ...

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Trump plans to pull out of N-weapons pact with Russia

Bloomberg President Donald Trump said he plans to pull out of a major arms control treaty with Russia, claiming the Kremlin breached the accord on intermediate-range nuclear weapons. “We’re not going to let them violate a nuclear agreement,” Trump said on Saturday after a campaign rally in Elko, Nevada. “We’re going to terminate the agreement.” The US has been warning ...

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