Exclusive: Saudi Arabia plans new sovereign wealth fund – sources
NEW YORK/DUBAI (Reuters) – Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment banks and consultancies to submit proposals for the project, according to people famil…
JPMorgan strikes confident tone after better-than-expected results
(Reuters) – JPMorgan Chase & Co ended the year with a better-than-expected quarterly profit, helped by cost cuts and a smaller legal bill, and expressed confidence about its businesses in 2016 despite a grim start for stocks and energy prices.
Goldman Sachs to pay $15 million to settle SEC stock lending case
(Reuters) – Goldman Sachs & Co will pay $15 million to settle civil charges that its securities lending practices violated federal regulations, the U.S. Securities and Exchange Commission said on Thursday.
Oil up after eight-day rout; worries remain Iran will add to glut
NEW YORK (Reuters) – Oil rebounded on Thursday, snapping an eight-day rout, as investors covered short positions but the market settled not far from 12-year lows on worries Iran may add barrels to a glutted global market sooner than expected.
Allied Irish, Citigroup settle litigation over rogue trader
NEW YORK (Reuters) – Citigroup Inc has settled long-running litigation in which Allied Irish Banks Plc accused it of helping rogue currency trader John Rusnak rack up a $691 million loss.
Fed to hike rates three times in 2016, economic outlook subdued: poll
(Reuters) – The Federal Reserve will raise interest rates only three times this year as it faces a more subdued outlook for both the U.S. and world economies, a Reuters poll of economists found.
Renault searched in emissions probe, says no sign of defeat devices
PARIS (Reuters) – French carmaker Renault said fraud investigators had inspected three of its sites to look into its vehicle emissions technology – news that wiped billions off its market value in an echo of the scandal engulfing German rival Volkswage…
Falling inflation expectations could mean policy rethink: Fed’s Bullard
MEMPHIS (Reuters) – The continued rout on global oil markets has caused a “worrisome” drop in U.S. inflation expectations that may make further rate hikes hard to justify, St. Louis Federal Reserve President James Bullard said on Thursday.
Boeing sets sights on $2 billion United small jets order: sources
PARIS/NEW YORK (Reuters) – United Airlines is close to deciding an order for about 30 small jets worth around $2 billion at list prices and Boeing looks well placed to win at least part of the deal after undercutting smaller rivals, industry sources sa…
U.S. jobless claims rise; import prices sharply weaker
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained at levels associated with a healthy labor market.
