G4S muscles into cryptocurrency security with offline storage facility October 18, 2018 G4S has muscled its way into cryptocurrency storage launching a new security service to protect assets from criminals and hackers. The security firm has launched the service after estimates showed more than $1.2bn of cryptocurrency has been stolen since the beginning of 2017. More than $500m was taken earlier this year from Japanese exchange Coincheck. [...]
French and Dutch finance ministers snub Saudi investor conference October 18, 2018 The French and Dutch finance ministers have withdrawn from next week's Saudi investor conference following the disappearance and alleged murder of journalist Jamal Khashoggi. Bruno Le Maire pulled out of the Future Investment Initiative in Riyadh on Wednesday but said his absence would not jeopardise relations between France and Saudi Arabia. His withdrawal was swiftly followed by [...]
Labour: Liam Fox is ‘vacillating on the sidelines’ over suspected murder of Saudi journalist October 17, 2018 Labour has hit out at international trade secretary Liam Fox for not picking sides in an escalating conflict over the disappearance of Saudi journalist Jamal Khashoggi. Shadow international trade secretary Barry Gardiner told City A.M. the UK must show it acts ethically. He criticised Fox, who has so far not said whether he will join [...]
Glencore chairman withdraws from dwindling Saudi investor conference October 17, 2018 Glencore chairman Tony Hayward has become the latest business leader to pull out of next week's Saudi investor conference as the backlash over the alleged murder of journalist Jamal Khashoggi intensifies. The mining and trading giant's chairman joins International Monetary Fund managing director Christine Lagarde and Societe Generale chief executive Frederic Oudea in withdrawing from [...]
LBMA gold conference to be held in Shenzhen to reflect China’s dominance October 17, 2018 The global precious metals authority will host its annual conference in China next year to capitalise on the country's status as the world's largest gold producer Ahead of its annual conference in Boston later this month the London Bullion Market Association – which set standards for gold and silver trading – told City A.M. next year's [...]
Audio recording emerges of ‘murder’ of Saudi journalist Jamal Khashoggi October 17, 2018 Investigators have obtained an audio recording of journalist Jamal Khashoggi allegedly being murdered in the Saudi consulate, according to sources close to the investigation. The US resident and critic of the Saudi government was last seen entering the consulate in Istanbul two weeks ago. Read more: IMF pulls out of Saudi investor summit over missing [...]
Call a doctor: Private hospital operator Mediclinic shares nosedive after earnings fall October 17, 2018 Shares in private hospital operator Mediclinic have nosedived after the company warned its earnings were under pressure. The company lost close to a fifth of its value after its Swiss subsidiary Hirslanden was hit by “weaker than expected growth” in admissions and a higher proportion of insured patients. Underlying earnings for the six months to [...]
Oil prices fall after US crude inventories jump by six million barrels October 17, 2018 Oil prices continued to fall yesterday after US crude inventories rose more than expected. Brent crude oil slid to $79.75 as the price drop kickstarted by last week’s global equity sell off spilled over for another day. Prices had rallied briefly on data suggesting US crude stockpiles had dropped last week but government data showing [...]
IMF pulls out of Saudi investor summit as more details of journalist’s disappearance emerge October 17, 2018 International Monetary Fund managing director Christine Lagarde has become the latest global figure to withdraw from a high-profile Saudi investor conference next week following the disappearance of journalist Jamal Khashoggi. The chief executive of French bank Societe Generale, Frederic Oudea, also dropped out on Wednesday. But SoftBank, whose $93bn Vision Fund was half-funded by Saudi [...]
Two city chiefs become latest to pull out of Saudi conference over death of journalist October 16, 2018 Two City bosses have become the latest high-profile names to withdraw from an investor conference in Saudi Arabia following the death of journalist Jamal Khashoggi London Stock Exchange chief executive David Schwimmer and Catherine McGuinness, the City of London Corporation's policy chair, join the likes of HSBC, Credit Suisse and Standard Chartered in pulling out of the [...]
