RBS to shrink investment bank and cut 30,000 jobs: sources
LONDON (Reuters) – Royal Bank of Scotland is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said on Friday.
Extreme U.S. winter roils natural gas market, upends some trading strategies
NEW YORK (Reuters) – When volatility returned to the U.S. natural gas market this winter after years of sleepy trade, the wild price swings created unexpected winners and losers.
Stocks, dollar rise after upbeat U.S. data
LONDON (Reuters) – Global shares and the dollar rose on Friday, buoyed by upbeat U.S. data the previous day, while Ukraine’s currency and bonds firmed on hopes that plans to end a violent crisis there would bear fruit.
Bank of Japan likely to expand asset buying by summer
TOKYO (Reuters) – The Bank of Japan is expected to ease policy further by this summer to help boost the economy and pull it out of a 15-year deflation, as the effects from Prime Minister Shinzo Abe’s stimulus strategy loses momentum, a Reuters poll sho…
Wal-Mart’s China syndrome a symptom of international woes
MUMBAI/BEIJING (Reuters) – Wal-Mart Stores Inc, famed for its low prices, has stumbled in the one major market where consumers say price is less of a driver in their buying decisions: China.
Russia says better positioned than peers to deal with U.S. policy impact
MOSCOW (Reuters) – Russia may see a balanced budget this year, which puts the country in a better position than other emerging markets to fend off the impact of the U.S. decision to curb its monetary stimulus, Finance Minister Anton Siluanov said on Fr…
Greek banks’ stress test expected to show 5 billion eur capital need: sources
ATHENS (Reuters) – Greece’s four big banks are expected to need a total of about 5 billion euros ($6.9 billion) in extra capital, based on a second stress test by the central bank, two senior banking sources told Reuters on Friday.
Japan factory output seen up, core inflation near five-year highs
TOKYO (Reuters) – Growth in Japan’s factory output likely accelerated in January and core inflation hovered near five-year highs, a Reuters poll showed, underscoring the ongoing economic recovery despite fears that momentum may soon start to fade.
BOJ’s Kuroda: Weak yen contributing a lot to price gains
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday that a weak yen and high energy prices are contributing a lot to gains in consumer prices.
Lockheed sees huge potential for military-, commercial-use drones
HUNTSVILLE, Alabama (Reuters) – The Pentagon’s No. 1 arms supplier Lockheed Martin Corp sees significant growth potential for its range of unmanned aircraft, given continued military demand for surveillance aircraft and a huge untapped market in the co…
