U.S. poised for stronger growth in 2014, Fed to taper by March: Reuters poll
WASHINGTON (Reuters) – U.S. growth is set to accelerate in 2014 as the headwinds from a tightening of fiscal policy fade, giving the Federal Reserve room to start dialing back its monetary stimulus, a Reuters poll showed.
Avon to stop order management technology roll-out; cuts 650 jobs
(Reuters) – Avon Products Inc , the world’s largest direct seller of cosmetics, said it will halt the further roll-out of its order management technology and cut about 650 jobs.
UK fraud prosecutor launches review after Dahdaleh case collapses
LONDON (Reuters) – Britain’s leading fraud prosecutor said on Wednesday it would launch a full review of the circumstances that led to the collapse of the high-profile corruption trial of British Canadian businessman Victor Dahdaleh.
For Fed, delivering a message on policy path is new focus
NEW YORK/SAN FRANCISCO (Reuters) – Now that the central question before the Federal Reserve has shifted from whether to cut its extraordinary stimulus to when exactly to pull back, the debate at next week’s meeting will center on how best to communicat…
India toughens insider trading rules
MUMBAI (Reuters) – India’s financial market regulator unveiled new proposals on Wednesday, broadening the scope of who can be held liable for insider trading violations, as it steps up its fight against securities fraud.
Union machinists held talks with Boeing on 777X
(Reuters) – The union representing Boeing Co’s Seattle area machinists said its leaders had met with top executives of the airplane maker on Tuesday about restarting talks that could see the new 777X jetliner built in Washington state, where the curren…
Three more Swiss banks join U.S. tax deal
ZURICH (Reuters) – Three more Swiss banks said they would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts, a trickle that could rise to about one third of the country’s private banks.
Citigroup adds director with hedge fund, banking experience
NEW YORK (Reuters) – Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.
RBS finance chief’s exit gives CEO another headache
LONDON (Reuters) – Royal Bank of Scotland chief Ross McEwan faced a fresh management headache on Wednesday as the surprise departure of Finance Director Nathan Bostock created a senior vacancy as the group attempts to navigate through a period of uphea…
Activist investor calls for breakup of UK’s FirstGroup
LONDON (Reuters) – U.S. activist investor Sandell Asset Management demanded British transport operator FirstGroup split off its U.S. business, owner of the yellow school buses that operate across the country, to invest in its domestic arm.
