UK bribery trial collapses in blow to anti-fraud agency
LONDON (Reuters) – One of Britain’s biggest corruption trials in years came to an abrupt halt on Tuesday when the Serious Fraud Office (SFO) called off the prosecution of businessman Victor Dahdaleh in a further setback for its already tarnished reputa…
Italy backs 8 percent minimum bail-in for ailing banks
BRUSSELS (Reuters) – Italy’s Economy Minister Fabrizio Saccomanni said on Tuesday that public intervention on troubled banks should come after inflicting losses on bondholders through a minimum bail-in of 8 percent of total bank liabilities.
Volcker rule will be delayed until 2015: CFTC’s Chilton
WASHINGTON (Reuters) – The United States will not implement the so-called Volcker rule before 2015, a top regulator said on Tuesday, a widely expected move after regulators struggled for years to agree on the ban on proprietary trading.
Outerwall to cut 8.5 percent of workforce, Redbox chief leaves
(Reuters) – Outerwall Inc said the president of its Redbox video rental kiosks division had left the business after just over a year and that it would cut 8.5 percent of its workforce.
Italy government watching Monte Paschi carefully: source
ROME (Reuters) – The Italian economy ministry is monitoring the situation at troubled lender Banca Monte dei Paschi di Siena , a source close to the Treasury said on Tuesday, ahead of a board meeting to discuss a planned capital increase.
EADS under fire over job cuts in defense shake-up
PARIS/BERLIN (Reuters) – Airbus parent EADS came under fire on Tuesday from shareholders France and Germany over plans to cut 5,800 jobs, but its chief executive said that ignoring weak defense and space markets would have put even more jobs at risk.
General Motors sees China-like take-off in Indonesian car market
JAKARTA (Reuters) – General Motors Co , the world’s second-biggest car maker, is trying to break the Japanese stranglehold on the popular family car market in Indonesia, where it sees the next auto boom after China, a senior executive said.
OPEC cuts output closer to 2014 demand, upbeat on economy
LONDON (Reuters) – OPEC has trimmed its crude oil output towards next year’s global requirement, the exporter group said on Tuesday, further whittling away at a supply surplus that could weigh on prices.
Small business confidence rises, jobs picture upbeat
WASHINGTON (Reuters) – U.S. small business sentiment bounced back from a seven-month low in November, with owners setting their sights on creating more jobs and expanding operations.
ECB’s Draghi calls for banking union, economic reforms
ROME (Reuters) – European Central Bank President Mario Draghi called on national governments to deliver economic reforms and complete a banking union, saying the ECB had won time for action by delivering price stability over the past 15 years.
