Global shares slide ahead of U.S. data crunch
LONDON (Reuters) – World shares fell for a third day on Wednesday and gold dropped to a five-month low, as focus returned to whether the U.S. Federal Reserve will start to wind down its bond-buying stimulus as soon as this month or next.
U.S. watchdog to revive proposal to name audit partner
WASHINGTON (Reuters) – The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.
Deutsche Bank bans online chats for FX and fixed income staff
FRANKFURT (Reuters) – Deutsche Bank has prohibited its foreign exchange and fixed income staff from using online chatrooms, joining a growing band of lenders who have halted the use of such forums over concerns of mounting scrutiny from regulators.
StanChart set to end 10-year boom with 2013 profit drop
LONDON (Reuters) – Standard Chartered warned that 10 years of record earnings are likely to end this year, with profit set to fall because of losses in Korea, a slowdown in its key Asian markets and tougher regulations.
China’s free trade zone plans herald quicker FX reforms
SHANGHAI/HONG KONG (Reuters) – China plans to roll out financial sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting authorities are accelerating the pace of dismantling capit…
BlackBerry interim boss in it for the long haul: Fairfax
LONDON (Reuters) – The interim chief executive recently appointed to revamp mobile phone maker BlackBerry is in it “for the long haul”, the company’s largest shareholder Prem Watsa told Reuters.
Greece, BlackBerry – ‘cautious’ bets for Canada’s Fairfax
LONDON (Reuters) – Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a “cautious” strategy he employs to manage Fairfax Financial’s $23.3 billion portfolio.
Island spat dulls appeal of China as production base for Japan firms: survey
TOKYO (Reuters) – A territorial dispute and rising labor costs have dulled the appeal of China as a production base for Japanese manufacturers, with Indonesia, India and Thailand more attractive, an annual survey by the Japan Bank of International Coop…
Diners not biting on KFC’s China revival campaign
NEW YORK/SHANGHAI (Reuters) – Yum Brands Inc’s KFC website in China trumpets the slogan “Trust in every bite”.
BOJ’s Sato says no need to forestall tax hike pain with more easing
HAKODATE, Japan (Reuters) – Bank of Japan board member Takehiro Sato said he saw no need to expand monetary stimulus pre-emptively to counter the pain to the economy from next year’s sales tax hike, seeking to dispel speculation of a near-term expansio…
