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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

Credit Suisse is the latest bank to shutter one of its private U.S. stock trading venues, as increasing regulatory scrutiny makes it harder to justify the costs of running such trading systems. Credit Suisse on Tuesday confirmed through a spokeswoman that it had shuttered its alternative trading system known as Light Pool on Nov. 18 after a strategic review of its algorithmic trading offerings. Credit Suisse also runs Crossfinder, the No. 2 U.S. alternative trading system and has no plans to

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Lights out for Credit Suisse’s ‘Light Pool’ stock trading venue

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GM delivers its first Bolt electric car in Tesla’s backyard

This allows the Detroit automaker to claim first place in the race to deliver an electric car that can run for more than 200 miles on a charge and has a starting price below $40,000. Tesla Chief Executive Officer Elon Musk has promised its entry in this new segment, the Model 3, will go into production in July.

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GM delivers its first Bolt electric car in Tesla’s backyard

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China orders banks to clear hurdles slowing private sector lending: sources

SHANGHAI, May 14 (Reuters) – – China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment. Chinese banks sharply cut new lending in April after a record first-quarter credit spree, much of which appeared to go to the state sector and may have helped inflate asset bubbles in real estate and commodities. According to the document seen by Reuters, the China …

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China orders banks to clear hurdles slowing private sector lending: sources

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources

While there is no certainty that the consortium will prevail in the auction, the interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company, which has been surpassed in recent years by…

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources