EU’s Barnier warns U.S. of tit-for-tat action over banks
LONDON (Reuters) – The European Union’s financial services chief warned of tit-for-tat action if the United States pushes ahead with plans to impose extra capital requirements on foreign banks.
Blackstone’s third-quarter earnings rise 3 percent
(Reuters) – Blackstone Group LP , the largest publicly listed alternative asset manager, said on Thursday that its third-quarter earnings increased by 3 percent year-on-year as its fee revenue and profits from sales of its holdings rose.
Lagardere says to part with 10 magazines, 350 jobs hit
PARIS (Reuters) – French media group Lagardere said it planned to restructure its magazine division and sell 10 of its 39 titles to focus on growing its most strategic brands online.
Dollar slides as relief at U.S. debt deal fades
LONDON (Reuters) – The dollar fell and Wall Street was expected to weaken on Thursday as relief over a U.S. budget deal gave way to worries over the effects of the 16-day government shutdown and prospects of a re-run early next year.
Twitter hires Google executive as head of retail: report
(Reuters) – Twitter Inc has hired an advertising executive from Google Inc to head its retail division, as the online messaging company ramps up hiring and works to expand its business ahead of an initial public offering, Bloomberg reported on Wednesda…
China warns of slowing demand from emerging markets
BEIJING (Reuters) – China’s exporters face a difficult time in coming months as demand from emerging markets slows, the Chinese trade ministry warned on Thursday after the latest trade data showed sales to Southeast Asia slowed sharply in September.
Analysis: Washington becomes the biggest risk to the U.S. economy
WASHINGTON (Reuters) – Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world’s largest economy may be its own elected representatives.
BOJ to extend loan schemes to encourage bank lending: sources
TOKYO (Reuters) – The Bank of Japan is likely to extend three special loan facilities that have provided more than $81 billion in lending over the past three years to try to nudge Japan’s risk-averse banks to create more credit, sources said.
Corruption watchdog slams Chinese firms’ lack of transparency
BERLIN (Reuters) – The anti-corruption watchdog Transparency International has admonished Chinese companies for their opaque business practices while praising Indian firms’ relatively high standards, in a survey of emerging market multinationals releas…
Corruption watchdog slams Chinese firms’ lack of transparency
BERLIN (Reuters) – The anti-corruption watchdog Transparency International has admonished Chinese companies for their opaque business practices while praising Indian firms’ relatively high standards, in a survey of emerging market multinationals releas…
