UK’s Cameron chaired Greek euro exit meeting: source
LONDON (Reuters) – British Prime Minister David Cameron chaired a meeting with officials from the finance ministry and the Bank of England on Monday to plan for a possible Greek exit from the euro zone, a finance ministry source said.
Defiant Greek PM sets up EU clash with bailout rejection, austerity rollback
ATHENS (Reuters) – Leftist Prime Minister Alexis Tsipras laid out plans on Sunday to dismantle Greece’s “cruel” austerity program, ruling out any extension of its international bailout and setting himself on a collision course with his European partner…
Grexit, China growth fears weigh on European assets
LONDON (Reuters) – European stocks dipped and low-rated bond yields rose on Monday after dismal Chinese trade data and signs of increasingly fraught relations between Greece and its international creditors inflamed market tensions.
U.S. banks say soaring dollar puts them at disadvantage: WSJ
(Reuters) – Big U.S. banks say that a proposed Federal Reserve rule on higher capital requirements would penalize them if the dollar remains strong against the euro, as it would make their dollar-denominated assets and operations look larger relative t…
Standard Chartered targets wealthier customers in retail bank revamp
HONG KONG (Reuters) – Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reute…
VW’s Audi has record January sales, beats Mercedes
BERLIN (Reuters) – Audi outsold German rival Mercedes-Benz in January, boosting deliveries by 10 percent to a record 137,700 cars on strong demand from China, the United States and Germany.
U.S. companies may not be fleeing due to high tax rate, Reuters analysis shows
WASHINGTON (Reuters) – When a series of big U.S. companies last year moved to reincorporate abroad in inversion deals, some Republican lawmakers and tax policy critics blamed the high U.S. corporate tax rate. Lowering it, they said, would keep companie…
Strong dollar vexes mid-sized U.S. exporters, local demand helps
CHICAGO (Reuters) – First thing every morning Bill Hickey turns on the TV to see where the U.S. dollar is trading in the hope it has lost value against the euro and other currencies.
Best party mood for oil traders since 2008 price crash
LONDON (Reuters) – The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best market for years this week.
U.S. scrutiny of Barclays and UBS widens forex trading probe: FT
(Reuters) – The U.S. Department of Justice is examining currency-linked investments offered by Barclays and UBS , the Financial Times reported on Sunday.
