ECB’s Draghi says ready to take additional measures if needed
FRANKFURT (Reuters) – The European Central Bank’s Governing Council stands ready to take unconventional measures if needed which could include buying government bonds, its president said on Thursday in a letter to a European Union lawmaker.
No chance of OPEC output cut, even after oil dips below $50: Gulf delegates
DUBAI/LONDON (Reuters) – Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.
Fewer discounts help American Eagle, Aeropostale holiday quarter
(Reuters) – Teen apparel retailers American Eagle Outfitters Inc and Aeropostale Inc said business in the holiday shopping quarter was better than they had expected as margins improved due to fewer discounts.
Arrested RBS forex trader named as Paul Nash: sources
LONDON (Reuters) – Royal Bank of Scotland currency trader Paul Nash has become the first individual arrested in connection with a global inquiry into alleged manipulation in the foreign exchange market, sources familiar with the matter said on Thursday…
Morgan Stanley raises $1 billion for second credit fund
NEW YORK (Reuters) – Morgan Stanley said it has raised about $1 billion for a new credit fund, the latest in a series of private equity-type vehicles it is raising despite a new regulation that limits the bank’s own participation in such funds.
Standard Chartered axes equities business, retail jobs in cost cut push
HONG KONG (Reuters) – Standard Chartered Chief Executive Peter Sands moved aggressively on Thursday to reverse the Asia-focused bank’s fortunes by closing the bulk of its global equities business and axing 4,000 jobs in retail banking.
EU lawmakers eye compromise for U.S. on benchmarks
LONDON (Reuters) – European Union lawmakers look set to ease the international impact of rules to stop market benchmarks being rigged, addressing U.S. concerns that global investors could lose out.
Increased discounting eats into Family Dollar’s first quarter profit
(Reuters) – Family Dollar Stores Inc , the target of a heated takeover battle between two rival U.S. dollar store chains, said its quarterly net profit nearly halved due to increased discounting and higher sales of lower-margin items such as food and t…
Investors turn more cautious on ‘Frontier’ debt
LONDON (Reuters) – Investors are turning more cautious about dollar bonds from “frontier” markets – a fast growing but less developed and higher risk sub-set of emerging economies – due to sliding oil prices, low trading volumes and expectations of sma…
Porsche expects sales to reach 200,000 cars this year: CEO
STUTTGART, Germany (Reuters) – Porsche said it expects to increase sales to 200,000 cars or more this year, hitting a long-planned target three years early, after posting record deliveries in 2014.
