First Libor jury trial delayed in London
LONDON (Reuters) – The London trial of Tom Hayes, a former UBS and Citigroup trader who is the first person in the world to face a jury trial over allegations of a conspiracy to rig Libor interest rates, has been delayed by two weeks.
U.S. private payrolls growth eases; productivity falls
WASHINGTON (Reuters) – U.S. private employers in April hired the fewest number of workers in more than a year, further diminishing hopes of a strong rebound in economic growth after the first-quarter slump.
European lenders dash Greek hopes for quick aid deal
ATHENS/FRANKFURT (Reuters) – European lenders on Wednesday dashed Greece’s hopes for a quick cash-for-reforms deal in the coming days, leaving Athens in an increasingly desperate financial position ahead of a major debt payment next week.
Oil’s bull run hides a deep disconnect, crude traders warn
LONDON (Reuters) – While oil futures prices rebound with vigor as analysts cite strong demand, the physical crude market tells a much more cautionary tale.
Proxy firms recommend JPMorgan shareholders vote against pay plan
(Reuters) – Two major proxy advisory firms recommended that JPMorgan Chase & Co’s shareholders vote against the bank’s executive compensation plan, saying Chief Executive Jamie Dimon’s pay was not fully aligned with his performance.
Pimco client outflows will hit profit: Allianz
FRANKFURT/MUNICH (Reuters) – Outflows of customer funds from U.S. investment manager Pimco will hurt earnings this year – and it is not yet possible to predict when flows might turn positive again, owner Allianz warned on Wednesday.
StanChart sees UK bank tax rising again amid HQ review
LONDON (Reuters) – Standard Chartered said it expected Britain to increase its bank levy again and the rising cost of the tax was a key issue in its assessment of whether to keep its headquarters in London or move to Asia.
No deal with Greece on Monday, but mood positive: Dijsselbloem
PARIS (Reuters) – Many issues remain unsolved between Greece and its lenders and agreement at next Monday’s Eurogroup meeting of euro zone finance ministers is now not possible, Eurogroup chair Jeroen Dijsselbloem said.
U.S. private sector adds 169,000 jobs in April: ADP
NEW YORK (Reuters) – U.S. private employers added 169,000 jobs last month, the fewest since January 2014 and far below economists’ expectations, a report by a payrolls processor showed on Wednesday.
Safety regulators probe Fiat Chrysler SUV recall fix in U.S.
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States.
