HSBC dismisses head of FX trading for EMEA: source
LONDON (Reuters) – British bank HSBC has dismissed its head of foreign exchange trading for Europe, Middle East and Africa, Stuart Scott, a source with knowledge of the decision said on Wednesday.
StanChart sets up financial crime committee after U.S. scrutiny extension
LONDON (Reuters) – Standard Chartered has set up a board committee responsible for financial crime compliance, a day after U.S. authorities extended monitoring of the bank by three years.
Oil falls below $66 on ample supply, rising stocks
LONDON (Reuters) – Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, on mounting signs of oversupply and lackluster demand as global economic growth falters.
KFC calls on Chinese diners to inspect its kitchen
SHANGHAI (Reuters) – KFC has a message for Chinese diners worried about eating their fried chicken after a safety scare at the fast food chain: come see how we operate for yourself.
Qatari bid for Canary Wharf owner Songbird wins more support
LONDON (Reuters) – The Qatari-led group attempting a takeover of Songbird Estates , owner of the Canary Wharf financial district in London, said another shareholder had pledged support to take total acceptances to nearly a third of the company’s free f…
BMW Group November deliveries rise 7.6 percent on China demand
FRANKFURT (Reuters) – BMW Group said deliveries of BMW, Mini and Rolls-Royce cars rose 7.6 percent in November to 188,342 thanks to a continued strong demand in China and a 20 percent rise of its BMW and Mini sales in the UK.
U.S. spending bill adds $1.46 billion for military to buy 15 Boeing jets
WASHINGTON (Reuters) – A spending bill agreed by lawmakers from the U.S. House and Senate provides $554.2 billion in funding for the U.S. military in fiscal 2015, including $1.46 billion for 15 EA-18G electronic attack jets built by Boeing Co.
Oil up after five-year low in Brent; traders wary of more downside
NEW YORK (Reuters) – Brent oil prices ended higher on Tuesday after touching a 5-year low and following five straight days of losses, while U.S. crude also rose as players looked for a sustainable price in a market haunted by oversupply concerns.
UK ‘Google tax’ will target inter-company payments
LONDON (Reuters) – A new British tax on companies that shift profits out of the country and into tax havens will target inter-company fees for services like use of intellectual property, according to a Treasury document seen by Reuters.
S&P 500 erases early losses to end flat; energy, tech up
NEW YORK (Reuters) – The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares.
