PARIS (Reuters) – French luxury goods company Kering confirmed on Wednesday the departure of Gucci creative director Alessandro Michele. “There…
ECB’s Centeno sees more consolidation in Portugal’s banking sector
By Sergio Goncalves and Andrei Khalip LISBON (Reuters) – Further consolidation of Portugal’s banking sector is inevitable, European Central Bank…
U.S. weekly jobless claims at 3-month high; equipment spending resilient
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month…
Dollar extends losses after Fed minutes
NEW YORK (Reuters) – The U.S. dollar extended its losses against the euro and the yen on Wednesday, after minutes…
Bank regulators tell Citigroup to take urgent action to fix resolution plan
By Hannah Lang (Reuters) -The U.S. Federal Reserve and the Federal Deposit Insurance Corp identified a shortcoming in Citigroup Inc’s…
Investors back call for UK firms to support low-paid workers
By Simon Jessop LONDON (Reuters) – A group of 17 investors managing 3.2 trillion pounds ($3.82 trillion) have called on…
Factbox-Corporate America cuts thousands of jobs as recession looms
(Updates Amazon) (Reuters) – Corporate America is bracing for a potential economic downturn by shrinking the employee base as part…
Bank of England confirms start of new gilt sale programme
By David Milliken LONDON (Reuters) -The Bank of England set out operational details on Wednesday of its plans to start…
Germany must trade with China warily, economy minister says
BERLIN (Reuters) -No one is suggesting Germany should stop trading with China, but Beijing’s investments in critical sectors must be…
Pakistan flood recovery plan key to continued financial support -IMF
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s timely finalisation of a recovery plan from devastating floods is essential to…