Norwegian market watchdog orders exchange to present corrective measures by March 1

The Norwegian financial regulator has criticised Nasdaq over its handling of a€114m default that rocked the Nordic commodities markets last year.

The Financial Supervisory Authority of Norway made its criticisms in a report conducted in the wake of trader 

 last September and said Nasdaq must implement corrective measures by March 1.

Regulator criticises Nasdaq over power trader’s €114m default

Samuel Agini

Nasdaq

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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