World Bank says expanded access to banking services comes with risks
WASHINGTON (Reuters) – In Brazil, bank customers can access their accounts aboard a floating bank on the Amazon River. In Mexico, rural residents find banking services inside popular stores like Walmart or 7-Eleven, or at their local pharmacy.
News Corp revenue slumps in first standalone quarter
(Reuters) – Rupert Murdoch’s News Corp reported a steeper than expected 3 percent decline in revenue in its first quarter as a standalone company, as weakness at its Australian newspapers took its toll.
U.S. authorities probing New York SEC staff investments: WSJ
(Reuters) – Federal prosecutors and the office of the inspector general of the U.S. Securities and Exchange Commission have contacted some employees in the SEC’s New York office in a probe of possibly improper financial holdings, the Wall Street Journa…
Analysis: U.S. retailers tread tight path in shortened holiday race
NEW YORK (Reuters) – U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales.
Cyber attack ‘war game’ to test London banks
LONDON (Reuters) – Thousands of staff across dozens of London’s financial firms will be put through a “war game” scenario on Tuesday to test how well they can handle a major cyber attack.
News Corp revenue slumps in first standalone quarter
(Reuters) – Rupert Murdoch’s News Corp reported a steeper than expected 3 percent decline in revenue in its first quarter as a standalone company, as weakness at its Australian newspapers took its toll.
Baker Hughes stops work in Iraq after security incident
(Reuters) – U.S. oilfield services company Baker Hughes Inc said on Monday it has suspended operations in Iraq following a weekend protest by local residents at a facility near Basrah.
Asian shares stabilize, focus turns to China reform plan
TOKYO (Reuters) – Asian shares held steady on Tuesday, with investors turning their attention to the Chinese Communist Party policy-meeting for clues to China’s economic agenda for the next decade, while the dollar’s two-day rally against the euro came…
Virgin enters fray to oppose US Airways-American deal
WASHINGTON (Reuters) – Virgin America Inc won permission on Monday to file a brief with the court hearing the Justice Department’s bid to stop a big airline merger, giving it an opportunity to argue for lower barriers to enter the U.S. market.
Morgan Stanley says internet companies overvalued, lowers view
(Reuters) – Morgan Stanley lowered its industry view on internet stocks to “in-line” from “attractive,” saying growth in the sector needs to accelerate to justify current valuations.
