Trump puts Goldman Sachs in spotlight, for better or worse
(Reuters) – No Wall Street firm is set to do better under U.S. President-elect Donald Trump than Goldman Sachs Group Inc.
Exclusive: Some Bangladesh Bank officials involved in heist – investigator
DHAKA (Reuters) – Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top investigator in Dhaka told Reuters o…
AmEx to increase family benefits for U.S. employees
(Reuters) – American Express Co said on Monday it would increase parental leave and family benefits for U.S. employees from January, joining a list of big U.S. financial companies that have done so this year.
Goldman’s Cohn to accept key economic post: CNBC
(Reuters) – Goldman Sachs Group Inc’s President and Chief Operating Officer Gary Cohn will shortly accept the post to head the National Economic Council (NEC), CNBC reported, citing a source.
Oil surges to one-and-a-half-year high, Fed rate increase looms
LONDON (Reuters) – Oil prices surged to their highest since mid-2015 and U.S. Treasury yields hit a more than two-year peak on Monday after the world’s top crude producers agreed to the first joint output cut since 2001.
Daimler to hike wages by over 20 percent at Hungary plant in next two years
BUDAPEST (Reuters) – Daimler AG’s Mercedes-Benz cars division has reached a deal with unions at its Hungarian plant that will see base salaries increase by 10 percent in each of the next two years, it said on Monday.
Iraq to abide by OPEC cut, expects output growth in future
VIENNA (Reuters) – Iraq is committed to cutting its production to comply with a global pact to support prices, the country’s oil minister said, adding he was nevertheless confident OPEC’s No. 2 producer has the potential to boost its output in coming y…
Tesla settles Norway lawsuit over car’s performance
OSLO (Reuters) – Electric carmaker Tesla Motors Inc has reached an out-of-court settlement with 126 Norwegian customers who claimed their cars’ performance did not match promises made in the firm’s marketing.
Federal Reserve and Republican critics may compromise on oversight after Trump win
NEW YORK (Reuters) – Republican lawmakers and the Federal Reserve may be ready to strike a compromise deal on legislation that would give Congress greater scrutiny over the central bank, now that there is no longer the threat of a presidential veto, bu…
Fed turns to Trump agenda with rate hike nearly in the bag
WASHINGTON (Reuters) – The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank’s growth and inf…
