Market Pulse
Thursday newspaper round-up: Money laundering, housing demand, Iran
David Cameron is to counter claims that his campaign against international corruption is hobbled by London’s reputation as the money laundering capital of the world by introducing a new corporate offence for executives who fail to prevent fraud or money laundering inside their companies. Ahead of Thursday’s anti-corruption summit in the capital, the prime minister revealed plans to force all foreign companies buying property in the UK to disclose their true owners in a public register for the first time.
US close: Dow suffers worst day in five years
Sharp gains in crude prices and disappointing results from Disney and Macy’s pushed US stocks lower on Wednesday, with the Dow industrials posting their worst day in more than five years.