FCA says to toughen up crowdfunding rules
LONDON Crowdfunding platforms that offer home loans should be regulated like mortgage lenders to improve safety and transparency for customers, Britain's Financial Conduct Authority said on Friday.
SYDNEY Royal Dutch Shell (RDSa.L) has sold its downstream Australian assets to Dutch-owned oil trader Vitol VITOLV.UL and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion), The Australian Financial Review reported on Wednesday.
The sale would mean Australia's Macquarie Group (MQG.AX) and its partner Glencore Xstrata (GLEN.L) were not successful in their efforts to buy the assets, the newspaper said without attributing sources.
Shell has been planning to sell the business, which includes a refinery, import terminals and 900 service stations, as part of a reported worldwide divestment program under CEO Ben Van Beurden, worth about $15 billion.
A Shell spokesman in Australia told Reuters he would not comment on "speculation". A Glencore Xstrata spokesman declined to comment.
(Reporting by Byron Kaye; Editing by Richard Pullin)
BERLIN Mass-selling German newspaper Bild heaped criticism on European Central Bank President Mario Draghi on Friday, a day after the ECB said it would extend its massive stimulus programme for the euro zone.
BERLIN German exports rebounded by less than expected in October, dampening hopes that trade will make a significant contribution to a predicted expansion in Europe's biggest economy in the final quarter of this year.