Dubai suffered the biggest reversal among global housing markets following the collapse of an investment bubble, according to a report by Knight Frank LLP.
A former Morgan Stanley senior trader in London was banned and fined by the U.K. Financial Services Authority for a form of front-running, the third time this month the regulator has penalized one of the bank??s former traders.
Australia??s securities regulator lifted its eight-month ban on covered short selling of financial stocks on Monday bringing the country into line with all major developed markets that had already lifted their temporary bans.
Trading in KBC shares has been suspended after the Belgian bank asked the country??s market regulator to protect it from ??wild rumours? of a third government rescue plan in seven months.