Barclays says has cut 2,700 investment bank jobs this year
LONDON (Reuters) – Barclays has cut 2,700 jobs in its investment bank this year as part of a plan unveiled in May to axe 7,000 positions over three years, the head of the business said on Monday.
Analysis: Tsunami of sovereign funds threatens world markets, say investors
LONDON (Reuters) – With returns on government bonds at rock-bottom prices, sovereign wealth funds are muscling into stock markets and other higher-yielding assets like real estate at a rate that private investors warn could destabilize the world econom…
RBS set to raise $4 billion from U.S. listing of Citizens
LONDON (Reuters) – State-backed Royal Bank of Scotland aims to raise up to $4 billion from the share flotation of its U.S. bank Citizens Financial Group this month, it was announced on Monday, putting it on track to be the biggest U.S. bank share offer…
U.S. prosecutors try for rebound at insider trading trial
NEW YORK (Reuters) – U.S. prosecutors in New York revived their five-year crackdown against insider trading on Monday, taking a former executive at data equipment maker Foundry Networks Inc to trial two months after suffering their first jury defeat in…
Carmakers must respect drivers who are leery of new tech features: Bill Ford
DETROIT (Reuters) – Ford Motor Co Executive Chairman Bill Ford said new technologies that allow cars to talk to each other and drive themselves may scare some people, so the industry will need to allow consumers to opt out of such features.
Draft U.S. tax inversion plan would target earnings stripping
WASHINGTON (Reuters) – The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994.
WeChat helps Apple rack up bonus points in China
BEIJING (Reuters) – Apple Inc has a lot for which to thank people like Deng.
Treasury’s Lew urges action on corporate ‘inversion’ tax deals
WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew on Monday called for swift action to close a federal tax code “loophole” that allows businesses to reincorporate abroad to avoid U.S. corporate taxes, but offered no new ideas for how to do that.
Scotland split fears pound sterling, Europe flinches
LONDON (Reuters) – World share markets stalled on Monday as the threat of Scotland splitting from the rest of Britain leapt to the forefront of investors’ attention, the latest in a recent run of geopolitical curveballs.
Campbell Soup sales rise but miss analysts’ estimates
(Reuters) – Campbell Soup Co on Monday reported lower-than-expected quarterly sales as markets for its soup and snack products remained sluggish.
