U.S. charges former Barclays forex trader with fraud
LONDON (Reuters) – The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.
Asian shares retreat as commodities ease, bitcoin pummeled
TOKYO (Reuters) – Asian equities stepped back from a record high on Wednesday as the region’s resource shares were knocked by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.
China luxury sales rebound as millennials snap up cosmetics, handbags: report
SHANGHAI (Reuters) – China’s luxury goods market is back in fashion.
Big U.S. lenders reap benefits of higher rates, but savers not so much
NEW YORK (Reuters) – The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.
Bitcoin jolted by regulation worries, falls 7 percent on extended selloff
TOKYO/SINGAPORE (Reuters) – Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value ha…
Exclusive: GM, DHL use a Chinese plant to lead manufacturing change
LIUZHOU, China, (Reuters) – Inside General Motors Co’s vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.
Japan central bank to keep policy on hold, offer upbeat inflation view
TOKYO (Reuters) – Japan’s central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradi…
Top Walmart executive to be appointed International CEO: source
(Reuters) – Wal-Mart Stores Inc Chief Operating Officer Judith McKenna will take up the role of chief executive of its international unit, according to a source with knowledge of the matter.
Miramax bid for Weinstein Co. complicates sale process: LA Times
(Reuters) – An attempt by Qatar-owned film company Miramax to buy Weinstein Co. has complicated plans to sell the studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, the Los Angeles Times reported on Tuesda…
Ford gives disappointing outlook, says turnaround to take years
DETROIT (Reuters) – Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker General Motors Co .
