Exchange executives, long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after federal regulators fined CBOE Holdings Inc. $6 million for unprecedented lapses in supervision.
Dubai’s shares fell the most in more than a year as investors await an MSCI Inc. decision on whether the United Arab Emirates will be upgraded to emerging-market status. Stocks in Abu Dhabi also declined.
This week’s meeting between U.S. President Barack Obama and President Xi Jinping of China offers an unprecedented opportunity for the two leaders to get to know each other amid the therapeutic sunshine of the California desert. Maybe the arid air will help clear the “strategic distrust” that has grown between their two nations.