New York won’t settle with Barclays soon over FX computer programs
(Reuters) – New York’s banking regulator will not settle with Barclays Plc over foreign exchange trading in coming weeks unless the deal excludes a probe of the possible rigging of rates through computer programs, the agency’s superintendent said on Tu…
Burritos rise again as Taco Bell returns to Japan
TOKYO (Reuters) – Fast food chain Taco Bell returned to Japan on Tuesday, re-opening its first outlet in decades as more U.S. quick service restaurants plan to open shop in the country ahead of the Tokyo 2020 Olympics.
BlackBerry to buy WatchDox to bolster data security
TORONTO (Reuters) – BlackBerry Ltd said on Tuesday it is acquiring privately-held U.S. tech company WatchDox, which makes software that secures files for clients ranging from private equity firms to Hollywood studios, in a bid to boost its security off…
U.S. regulator wants better deposit data from big banks
WASHINGTON (Reuters) – The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex.
White House adviser says ‘Grexit’ carries major risks
BERLIN (Reuters) – A Greek exit from the euro zone would carry significant risks for the global economy and no one should be under the impression that financial markets have fully priced in such an event, the chairman of the White House Council of Econ…
Safran faces AGM heat as revolt over French Florange law widens
PARIS (Reuters) – Proxy advisory firms are threatening to block key financial resolutions at French aerospace group Safran , opening a second front in a battle between the French government and institutional investors over a new corporate law.
EU’s Juncker wants greater Greek effort in debt talks
VIENNA (Reuters) – European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks had not reached a stage at which they could come to a quick positive e…
German banks need tighter cost management: Bundesbank
FRANKFURT (Reuters) – Germany’s banks ought to focus on improving cost management as they revise their branch networks to catch up with the profitability enjoyed by international rivals, Bundesbank board member Andreas Dombret told a German magazine.
DuPont says strong dollar to have bigger impact than expected
(Reuters) – Chemical maker DuPont reported lower sales in all of its businesses and said a strong dollar would take a bigger toll on its full-year earnings than it had expected.
Lockheed Martin profit falls 6 percent on fewer jet deliveries
(Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, reported a 6 percent fall in quarterly profit, partly due to fewer aircraft deliveries.
