UPS to hire up to 95,000 temp workers for holiday season
(Reuters) – United Parcel Service Inc is almost doubling the number of seasonal employees it hires for this year’s holiday shopping season as it aims to avoid a repeat of last year’s network breakdown during the crucial period.
European banking job numbers drop a further 21,000 in first half
LONDON (Reuters) – The banking sector’s long and painful restructuring accounted for a further 1.2 percent fall in staff numbers at Europe’s biggest lenders in the first half of the year, data compiled by Reuters shows, with little prospect of an uptur…
ECB invites banks to tap new funds it hopes will pep up euro zone
FRANKFURT (Reuters) – The European Central Bank invited banks on Tuesday to bid for a fresh round of long-term loans it hopes will stimulate lending to businesses and reinvigorate the euro zone economy but which may see only modest take-up.
ECB’s predicament leaves peers mute on currency depreciation
FRANKFURT/TOKYO/WASHINGTON (Reuters) – Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy …
Wall Street to open lower, eyes on Fed meeting
NEW YORK (Reuters) – U.S. stocks were set to open lower on Tuesday with traders positioning for a Federal Reserve meeting expected to provide clues on the short term direction of U.S. interest rates.
New global plans unveiled to crack down on corporate tax avoidance
LONDON (Reuters) – Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.
GM’s Opel to cut Russia production as slowdown bites
BERLIN (Reuters) – Opel Group, the European arm of General Motors , is cutting production and shedding around 500 jobs in Russia, hit by the weak Russian rouble and a plunge in local demand due to a slowing economy and Western sanctions.
Calpers dumps hedge funds citing cost, to pull $4 billion stake
(Reuters) – The California Public Employees’ Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.
Exclusive: U.S. safety chief raps GM’s ‘flawed’ culture on recalls
(This Sept. 15 story corrects title in second paragraph to deputy administrator from acting administrator)
World stocks hit one-month low, caution ahead of Fed
LONDON (Reuters) – Global shares hit a one-month low on Tuesday as investors refrained from placing strong bets before a Fed meeting that could adjust expectations about how soon the U.S. central bank will hike interest rates.
