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Finance

The UK's Gambling Commission has recommended that the maximum stake for fixed-odds betting terminals (FOBTs) is cut to £30 or below - a move created to crack down on problem gambling and protect the most vulnerable players. A year ago alone £1.8billion was lost through FOBTs and the average gambler lost £1,250. In a letter to the Secretary of State, the Gambling Commission stated: "At the heart of our advice is an aim to reduce the risks that consumers, especially those that are ...
  • Putin thanks voters for election triumph

    Putin thanks voters for election triumph

    Finance

    Authorities struggled against voter apathy, putting many of Russia's almost 111 million voters under intense pressure to cast ballots. Runner-up Pavel Grudinin said the elections had been "dishonest". Russia's main opposition leader Alexei Navalny was barred by the government from taking part in the election. "Who else?" said Putin supporter Andrei Borisov, 70, a retired engineer in Moscow .
  • KCR, Mamata flash anti-BJP new coalition 'for the people' sans Congress

    KCR, Mamata flash anti-BJP new coalition 'for the people' sans Congress

    Finance

    A key lobbying session is underway in Kolkata . "Whatever we have discussed is aimed towards [the] development of the country". What will happen if BJP goes out of power and Congress comes? Terming the meet a "good beginning", KCR said that the two leaders agreed to bring in a "real federal front" and called the alliance "people's agenda".
  • Yi Gang becomes new People's Bank of China gov.

    Yi Gang becomes new People's Bank of China gov.

    Finance

    Top among the risks is China's ballooning debt, which has rapidly expanded since the financial crisis last decade. He speaks fluent English, and gained a master's degree in public administration at Harvard's Kennedy School of Government in 1995.
  • Lawmakers Say Britain Should Consider Longer EU Exit Process If Needed

    Lawmakers Say Britain Should Consider Longer EU Exit Process If Needed

    Finance

    We saw this in the contrast between the draft withdrawal agreement affecting Northern Ireland's future status and the European Union 's legal draft which when it emerged two month's later, Theresa May said she would not accept. The UK had initially resisted legally agreeing to that backstop solution - called "Option C" - but an updated version of the draft legal text for the Withdrawal Agreement published on Monday showed the UK has now agreed to it.
  • The Magellan Midstream Partners (MMP) Receiving Somewhat Positive News Coverage, Analysis Finds

    Finance

    With 174,800 avg volume, 8 days are for Qualys Inc (NASDAQ:QLYS)'s short sellers to cover QLYS's short positions. Blackrock Inc stated it has 25.55 million shares or 0.08% of all its holdings. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers.
  • Hard Facts About Oasis Petroleum Inc. (NYSE:OAS)

    Finance

    The stock increased 1.35% or $0.11 during the last trading session, reaching $8.25. The company exchanged hands with 2968738 shares contrast to its average daily volume of 2.77M shares. The rating was maintained by Piper Jaffray with "Buy" on Friday, October 13. The stock of Paychex, Inc. On Wednesday, October 28 the stock rating was initiated by Credit Suisse with "Neutral".
  • Hammerson rejects £5bn French takeover which threatens Intu deal

    Hammerson rejects £5bn French takeover which threatens Intu deal

    Finance

    David Tyler, Hammerson's chairman said: "It is a calculated attempt to exploit the disconnect between our recent share price performance and the inherent value of our unique and irreplaceable portfolio which is delivering record results". The confirmation of an approach came after the Times reported that Klepierre had made a £5bn takeover approach, threatening to gatecrash the British property firm's proposed merger with Intu.
  • Micro Focus shares crash as it cuts revenue guidance, CEO resigns

    Micro Focus shares crash as it cuts revenue guidance, CEO resigns

    Finance

    The brief tenure of Micro Focus CEO Chris Hsu came to an abrupt end today when he quit following a sales slide and confirmation of execution missteps since the purchase of HPE's Software division. The company's statement added that its cost savings drive was ahead of schedule and its net debt was expected to be in line with expectations. Exec chairman Kevin Loosemore: "We're finding the integration harder than wed' anticipated or planned.
  • Indigo A320Neo engines fiasco

    Indigo A320Neo engines fiasco

    Finance

    As per reports, the aircraft that operated on the Bangalore-Delhi route was grounded for maintenance check at Delhi airport as the pilot reported about the malfunctioning engine. These engines are also being used by Wadia Group-owned airline GoAir and grounding of these planes has caused the two carriers to cancel hundreds of their flights.