German finance minister plans to clamp down on offshore firms with new draft law
BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble wants to force Germans to disclose their dealings with offshore firms in tax havens and make banks liable for lost tax income if they conceal their clients’ business with such firms, a draft…
Drop in Facebook’s stock makes for good time to connect: analysts
(Reuters) – Facebook Inc’s shares fell as much as 5.5 percent in early trading on Thursday, wiping out about $20 billion of market value.
‘Weekend in Frankfurt?’ – Paris perfects its pitch for London bankers
PARIS (Reuters) – In the battle to attract Brexit-wary bankers fleeing London, the man in charge of Paris’ charm offensive thinks he has the pitch that rivals can’t match.
Viacom in talks to buy Telefonica’s Telefe for around $385 million: sources
(Reuters) – Viacom Inc , the owner of Comedy Central, Nickelodeon and MTV, is in talks to acquire Argentine broadcaster Television Federal SA from phone carrier Telefonica SA for up to $385 million, according to people familiar with the deal.
BoE ditches rate cut signal after Brexit hit to sterling
LONDON (Reuters) – The Bank of England scrapped its plan to cut interest rates and said borrowing costs could now move in either direction as the slide in sterling following the Brexit vote prompted it to ramp up its forecasts for growth and inflation …
Fitbit needs new hit for shares to regain health
(Reuters) – Fitbit Inc sports a catchy tagline: “Find your Fit”. Analysts have a suggestion for the company: “Find your next hit”.
Strong Hermes sales confirm China-fueled luxury revival
PARIS (Reuters) – Hermes confirmed stronger-than-expected global demand for luxury goods on Thursday, joining luxury goods industry leader LVMH and Gucci owner Kering in outshining third quarter results forecasts.
U.S. productivity increases at fastest pace in two years
WASHINGTON (Reuters) – U.S. worker productivity increased at its fastest pace in two years in the third quarter, helping to curb growth in labor costs, but the trend remained weak.
Wells Fargo says litigation costs could exceed provisions by $1.7 billion
(Reuters) – Wells Fargo & Co, under fire for its sales tactics, said on Thursday its litigation costs could rise as much as $1.7 billion more than the amount it had already earmarked in provisions.
New Goldman ETF tracks popular hedge fund stock bets
(Reuters) – Goldman Sachs Group Inc has launched a new exchange traded fund that mimics the most popular stock bets made by hedge funds, the bank said on Thursday.
