Macau seeks curbs on China’s UnionPay bank card in casinos: source
MACAU (Reuters) – Macau authorities have urged banks to restrict the use of a Chinese state-backed bank card which racked up $22.5 billion in transactions last year, a person with direct knowledge of the matter told Reuters, in a bid to curb the increa…
Chesapeake aims to raise more than $4 billion from asset sales in 2014
(Reuters) – Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said it expects to raise more than $4 billion this year from asset sales and by spinning off its oilfield services division.
U.S. regional banks tip-toe into commodities as Wall Street faces shake-out
NEW YORK (Reuters) – Two years ago, Denver-based oil and gas driller Bonanza Creek Energy wanted to spread its credit risk and hedge its production – and it called on some regional Main Street banks to help do it.
Global shares fall for third day on growth worry
LONDON (Reuters) – Global shares eased for a third day on Friday, on course for their longest losing streak in over a month, and yields on some lower-rated euro zone bonds rose as a gloomier economic picture in Europe led investors to shed riskier posi…
Banks to return 6.155 billion euros in crisis loans to ECB next week
FRANKFURT (Reuters) – Banks will return 6.155 billion euros ($8.44 billion) in long-term crisis loans to the European Central Bank next week, more than this week and than was expected as banks trim down their reliance on ECB funding and return to the m…
Lost flight MH370 tips Malaysian Airlines toward another year in red
KUALA LUMPUR/SINGAPORE (Reuters) – Malaysian Airlines said the “dramatic impact” of the vanishing of flight MH370 pushed the serial loss maker to its worst quarter in over two years, hit by a sharp drop in overall passenger traffic and a slump in sales…
Wells Fargo sets up in Aberdeen as part of UK expansion
LONDON (Reuters) – Wells Fargo , the world’s biggest bank by market value, this week opened an office in Aberdeen to tap into oil industry business on Scotland’s east coast as part of its UK expansion.
New York’s pension ‘smoothing’ may short-change retirement fund
NEW YORK (Reuters) – New Yorkers who rely on the state pension fund for their retirement may be short-changed about $735 million over the next 10 years as a result of Governor Andrew Cuomo’s policy of permitting local authorities to defer fund payments…
Bitcoin Foundation hit by resignations over new director
SAN FRANCISCO (Reuters) – As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy.
GSK case a ‘warning’ to all foreign firms in China: Xinhua
SHANGHAI (Reuters) – Corruption charges against GlaxoSmithKline Plc executives in China are a warning to other foreign firms and could do irreparable damage to the British drugmaker’s Chinese operations, the official Xinhua news agency said on Friday.
