Citigroup selling retail online FX trading platform to FXCM, Saxo Bank NEW YORK, May 22- Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank. FXCM filed an 8 K form with the U.S. Securities and Exchange Commission that the company would "assume the vast majority of margin forex accounts of CitiFX Pro...
| By: Daniel Bases
European shares close mixed; Yellen awaited European equities closed mixed on Friday as investors focused on a central banking forum in Portugal and a speech from U.S. Federal Reserve Chair Janet Yellen.
| By: Katy Barnato
European shares hover near 3-week high but luxury stocks fall *London and Wall St closed for holiday on Monday. LONDON, May 22- European shares hovered near three-week highs on Friday, boosted by a dip in the euro on currency markets, although luxury goods stocks underperformed after weak sales figures from Richemont. European equities have rallied this year on the back of a government bond-buying program and record low...
| By: Sudip Kar-Gupta
INTERVIEW-Global regulators to meet in London, fix rules after rigging scandals LONDON, May 24- Global regulators meet in London next month to try to tighten their grip on markets after banks were fined billions of dollars for manipulating interest rates and currencies, Britain's top financial supervisor said. The hefty penalties on British, American and Swiss banks have forced authorities to rethink regulation for a chunk of the market...
| By: Huw Jones
European shares slip off 3-week high as Richemont retreats *London and Wall St closed for holiday on Monday. LONDON, May 22- European shares slipped off three-week highs on Friday, with luxury goods group Richemont falling on weak sales, while a rebound in the euro also pegged back the region's stock markets. European equities have rallied this year on the back of a government bond buying programme and record low interest...
| By: Sudip Kar-Gupta
Destination Cuba Nathan Lump, Travel + Leisure editor, discusses tourism potential in Cuba, and summer travel deals abroad.
EMERGING MARKETS-Stocks snap losing streak, China sees best week of 2015 Though a more subdued run for other countries meant MSCI's main emerging market index was fractionally lower on the week, China's latest gains took its surge since March to an astounding 45 percent. In contrast, eastern Europe's bourses were on course for their biggest weekly fall since March with Russia and Poland's markets suffering struggles, the latter on...
| By: Marc Jones