Exclusive: U.S. regulators at Citi in London as part of FX probe
LONDON (Reuters) – The U.S. Federal Reserve and Office of the Comptroller of the Currency have sent investigators to Citigroup’s London headquarters as part of an international investigation into alleged manipulation of the global currency market, a so…
Improving world growth outlook lifts stocks and dollar
LONDON (Reuters) – Signs the global economy is starting to move up a gear pushed world share markets higher on Wednesday, while the dollar made gains in the wake of surprisingly strong U.S. consumer spending figures.
Ford says would reassess UK operations if Britain left EU: paper
LONDON (Reuters) – Ford , the top-selling car manufacturer in Britain, said on Wednesday it would be forced to reconsider its UK operations if the country voted in favor of leaving the European Union, the latest major foreign investor to sound the same…
China urges IMF to give more power to emerging markets
BEIJING (Reuters) – China called on the IMF on Wednesday to stick to a commitment to give emerging markets more power at the world body after U.S. lawmakers set back historic reforms that would give developing countries a greater say.
Alcatel scales back French job cuts
PARIS (Reuters) – Franco-American telecom gear group Alcatel-Lucent will cut fewer jobs in France than previously planned under moves to slash 10,000 posts worldwide in an attempt to stem losses, its chief executive told Le Monde newspaper.
Britain’s Cameron says to veto any plan to increase RBS pay pot
LONDON (Reuters) – British Prime Minister David Cameron said on Wednesday he would veto any proposal to increase the overall pay and bonus bill at the largely state-owned Royal Bank of Scotland .
Boeing 787 grounded in Tokyo for checks after battery vents white smoke
TOKYO/SEATTLE (Reuters) – A Japan Airlines (JAL) Boeing 787 Dreamliner remained grounded at Tokyo’s Narita International Airport on Wednesday as regulators demanded checks to see if the aircraft was fit to fly, a day after white smoke vented from the p…
Monte Paschi share sale crucial for Italy banking system-chairman
MILAN (Reuters) – A failure by Italy’s third-largest lender Monte dei Paschi di Siena to carry out a vital $4 billion share sale later this year would threaten the country’s entire bank sector, Chairman Alessandro Profumo was quoted saying.
Senate hearing to press for quicker commodity bank curbs
WASHINGTON (Reuters) – Members of the powerful U.S. Senate banking committee are set to grill financial regulators Wednesday on their plans to address the risks of Wall Street banks’ involvement in physical commodities markets, fuelling pressure for a …
Barry Callebaut sees gourmet tastes lifting chocolate demand
ZURICH (Reuters) – Demand for chocolate is picking up, boosted by strong sales of gourmet products, the world’s biggest supplier to the industry said on Wednesday, as it blamed capacity constraints and a lull in outsourcing deals for slower growth in i…
