SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Copper up 5 pct in London, Shanghai on China hopes
SINGAPORE |
SINGAPORE Feb 6 (Reuters) - London copper futures jumped 5 percent while Shanghai copper hit its upside on limit on Friday, on growing optimism that China's economy could recover more quickly than previously expected.
Shanghai copper futures SCFc3 rose 5 percent from Thursday's settlement to 28,820 yuan, while benchmark London Metal Exchange copper MCU3=LX touched $3,500, a rise of 5.1 percent on renewed optimism about China.
Yuan futures rose strongly against the dollar on Friday and the Shanghai stock market .SSEC gained around 4 percent to its highest since October on speculation that China's economy would soon start recovering. (Reporting by Nick Trevethan; Editing by Ben Tan)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters