Exclusive: Barclays to cut Asia investment banking jobs next week – sources
SINGAPORE/HONG KONG (Reuters) – Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources with direct knowledge of the matter told Reuters.
Global stocks slide as China fails to quell stormy start to year
LONDON (Reuters) – World stocks fell again on Tuesday after their worst first-day performance in years, extending losses as relief at intervention by China to steady its markets quickly evaporated in the face of mounting concerns about the global econo…
Texas tycoon Wyly faces $2 billion tax trial over offshore trusts
(Reuters) – Texas tycoon Sam Wyly is set to face off against the Internal Revenue Service at trial on Wednesday over more than $2 billion the agency says he owes for using offshore trusts to engage in one of the largest tax frauds in U.S. history.
Nissan says not considering extending support to Takata
TOKYO (Reuters) – Nissan Motor Co said on Tuesday it was not planning to offer financial support to Takata Corp, the airbag maker at the center of a massive global recall over faulty inflators.
China regulator queries Microsoft on findings in anti-trust probe
SHANGHAI (Reuters) – China’s industry and commerce regulator has asked Microsoft Corp to explain “major issues” that it says have come to light from digital data obtained as part of an anti-trust investigation.
Ford will expand self-driving test car fleet to 30
LAS VEGAS (Reuters) – Ford Motor Co said Tuesday it plans to triple to 30 the size of its fleet of self-driving test cars as part of an effort to accelerate autonomous vehicle development.
Vontobel family affirms commitment to Swiss bank after patriarch’s death
ZURICH (Reuters) – The family that controls Swiss private bank Vontobel Holding has reaffirmed its ownership role at the group, playing down talk it could sell the business after clan patriarch Hans Vontobel died at the weekend.
GM invests $500 million in Lyft, sets out self-driving car partnership
SAN FRANCISCO (Reuters) – General Motors Inc said on Monday it will invest $500 million in Lyft Inc and laid out plans to develop an on-demand network of self-driving cars with the ride-sharing service.
Dassault’s Falcon jet deliveries sag with emerging markets
PARIS (Reuters) – French aerospace group Dassault Aviation said deliveries fell in 2015, as companies in crisis-hit emerging markets purchased fewer corporate jets.
Nvidia says Volvo is first customer for new autonomous drive computer
LAS VEGAS (Reuters) – Nvidia Corp. unveiled a new, lunchbox-size super-computer for self-driving cars and said Volvo Car Group will be the new device’s first customer.
