Viacom Director Salerno says board will contest removal attempt
By Chuck MikolajczakNEW YORK (Reuters) - Viacom Inc's independent directors will fight any attempt to remove them from the media company's board, Lead Independent Director Fred Salerno said in a letter...
View ArticleFed, China fears force investors to check out of Asia
By Nichola Saminather and Vidya RanganathanSINGAPORE (Reuters) - Having dumped Asian shares on resurgent worries about China's economy, the specter of more aggressive U.S. interest rate rises is now...
View ArticleThis is how to avoid the worst seat on the plane
The middle seat — especially in coach — is one of the most dreaded and common scenarios in flying.It's cramped, it's inconvenient, and it's often the only seats available on flights — particularly if...
View ArticleBrazil's Petrobras picks Parente as CEO, takes office Thursday
RIO DE JANEIRO (Reuters) - The board of directors at state-controlled oil company Petróleo Brasileiro SA formally elected Pedro Pullen Parente as chief executive officer, a source with direct knowledge...
View ArticleAsian shares wobble, on track for monthly loss
By Lisa TwaroniteTOKYO (Reuters) - Asian shares wobbled in early trade on Tuesday and were on track for a monthly loss, while the dollar edged away from recent peaks scaled on heightened expectations...
View ArticleREMITTANCES EXPLAINED: How funds are transferred across borders, and why...
Over the past few centuries, the world has become increasingly globalized. Immigrants are pouring into developed countries like the US, where many jobs pay higher rates than in their home markets. As...
View ArticleU.S. oil prices rise on start of summer driving season
By Henning GloysteinSINGAPORE (Reuters) - U.S. oil prices were lifted early on Tuesday by the start of the peak demand summer driving season, although international fuel markets were weighed down by...
View ArticleThe fintech industry explained: The trends disrupting the world of financial...
The BI Intelligence Content Marketing Team covers news & research we think you would find valuable.We’ve entered the most profound era of change for financial services companies since the 1970s...
View ArticleJapan Aso - to stick to fiscal consolidation even if sales tax delayed
TOKYO (Reuters) - Finance Minister Taro Aso said on Tuesday that Japan would stick to its aim of achieving its primary budget-balancing target in fiscal 2020 despite a likely delay in the sales tax...
View ArticleIn a bad sign for its IPO, Nutanix took a $75 million loan from its IPO...
2016 is a hard year for any tech startup to go public, much less a startup burning cash and valued at $2 billion.More proof of that is IPO-bound Nutanix. In a very rare move for a company trying to...
View ArticleBank of America targets wealthiest clients with more advisers
By Dan Freed(Reuters) - Bank of America Corp's U.S. Trust business plans to add more than 100 financial advisers who cater to the super-rich as part of its strategy to grow wealth-management revenue, a...
View ArticleJose Cuervo is planning a $1 billion IPO
Jose Cuervo is thinking about going public.According to Bloomberg, the world's largest tequila producer wants to raise as much as $1 billion in an initial public offering slated for the third quarter....
View ArticleWall Street is only just figuring out the answer to an incredibly important...
What do your clients think of you?It seems like a pretty elemental question for anyone in a service industry.In bond trading, however, it has been a mystery until recently.Gary Cohn, president and...
View ArticleWe need to put May's auto sales in serious context
Automakers will report May US sales on Wednesday, and the consensus among analysts is that they will be down by significant percentages from May of 2015.According to Bloomberg, which surveys analysts...
View ArticleThe presidential election will cause a huge boom and bust for some American...
Running a national campaign takes a lot of effort. The so-called ground game of presidential campaigns are massive opportunities for people to find jobs.Those jobs also disappear incredibly...
View ArticleValeant to report first-quarter results on June 7
(Reuters) - Valeant Pharmaceuticals Inc , which has come under scrutiny for its business and accounting practices, said on Tuesday it would host a conference call on June 7 to discuss first-quarter...
View ArticleThe 'usual suspects' keep making the same policy mistakes
When it comes to monetary policy, the conversation in major economies is about whether central banks like the Federal Reserve will raise interest rates too quickly.But there's a group of central banks...
View ArticleJapan business spending points to upward GDP revision but profits tumble
By Stanley WhiteTOKYO (Reuters) - Japanese capital expenditure accelerated in the first quarter from the prior three-month period, suggesting gross domestic product growth could be revised up, but...
View ArticleOil prices fall on rising Middle East output, China demand concerns
By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell early on Wednesday as production from the major Middle East exporters was expected to remain high or even increase just as concerns over the...
View Article5 ways fintech is shaping the future of financial services
Fintech is upending processes throughout the financial services industry. These transformations are presenting new opportunities for fintech startups and legacy financial institutions.BI Intelligence,...
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