Jobs & Career News
The European Union is looking at creating rules on how to deal with financial firms outside the banking industry that run into trouble, including clearing houses, insurers and asset managers, the EU's financial services chief said on Friday.
The U.S. Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, the Wall Street Journal reported, citing people familiar with the matter.
The Frankfurt-listed shares of Internet companies Yahoo (YHOO.O) andFacebook (FB.O) outperformed those of rival Google (GOOG.O), after media reports thatGoogle would face anti-trust action from the European Union.
The Japanese unit of McDonald's Corp (MCD.N) forecast deeper losses this year and said it would renovate 2,000 stores while closing underperforming outlets, as it struggles to bring back customers after a series of food safety scandals.
Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfill its 1 trillion euro bond-buying program, although regional stocks took a step back from this week's multi-year peaks.
European Central Bank staff have prepared a proposal to increase the haircut on the security that Greek banks offer in return for emergency liquidity, Bloomberg reported on Tuesday, citing people with knowledge of the discussions.
Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.
Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default.
China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.
Oil prices eased from early highs to under $64 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day (bpd) in April.
Global lenders' negotiations with Greece, which have been moving at a crawl recently, have gained some momentum but remained a long way from the finish line, the International Monetary Fund's European head told a German newspaper.
The leaders of Volkswagen's (VOWG_p.DE) supervisory board plan to meet soon to try to iron out an effective working relationship between Chairman Ferdinand Piech and Chief Executive Martin Winterkorn amid a leadership crisis at the automaker, a German newspaper reported on Monday.
General Electric Co (GE.N) said on Friday its quarterly industrial profit rose 9 percent helped by improved profit margins, as the U.S. conglomerate shifts more to manufacturing of jet engines, turbines and other big-ticket products and splits from finance.
Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions.
Martin Winterkorn will stay on as chief executive of Volkswagen (VOWG_p.DE), the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman, Ferdinand Piech.