Loeb says Japan's Seven & I should shut more stores: Nikkei
TOKYO (Reuters) - Activist investor Daniel Loeb urged Japanese retailer Seven & I Holdings Co Ltd to shut more unprofitable department stores, in an interview with the Nikkei newspaper on...
View ArticleFINTECH BRIEFING: Alt lenders could offer dynamic pricing — Online payments...
Welcome to The Fintech Briefing, a morning email providing the latest news, data, and insight into disruptive fintech in Europe and around the world, produced by BI Intelligence.Want to receive The...
View ArticleWith crisis plans and cuts, British bosses brace for Brexit
By Kate HoltonHEREFORD, England (Reuters) - Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit...
View ArticleChina bank profits flat-line as bad debts continue to soar
By Shu Zhang and Matthew MillerBEIJING (Reuters) - China's Big Four state-run banks this week are set to report annual earnings growth that likely flat-lined after around a decade of terrific...
View ArticleOil prices rise in thin holiday trading
By Ahmad GhaddarLONDON (Reuters) - Oil prices firmed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be...
View Article10 things you need to know before the opening bell (spy, spx, qqq, dia, vrx,...
Here is what you need to know.China's Beige Book is out. The latest look into the slowing Chinese economy comes from China Beige Book International, a firm based in New York. According to The Wall...
View Article5 top Wall Street bankers explain why the IPO market has dried up — and when...
Times are tough in the market for initial public offerings.2016 has seen the fewest IPO deals, and lowest deal value, since the gloomy post-financial-crisis days of 2009.There have been just nine IPOs...
View ArticleAvon reaches deal with Barington Capital over board seat
(Reuters) - Cosmetics maker Avon Products Inc said it reached an agreement with Barington Capital Group LP, giving the activist investor the right to approve appointment of an independent director to...
View ArticleCREDIT SUISSE: Everyone else on Wall Street is dead wrong about these 23...
It's usually easier to move with the crowd, even on Wall Street. But counterintuitive behavior is often what rakes in the big returns. The equity research team at Credit Suisse recently published its...
View ArticleHere's a super quick guide to what traders are talking about right now (SPY,...
Via Dave Lutz at JonesTrading, here's a brief guide to what traders are talking about on Monday morning:Good Morning! US Futures are climbing 30bp early, with SPY trying to recover from its first 3...
View ArticleJOBS WEEK IS HERE: Your complete preview of the week's big economic events...
After a holiday-shortened week in the markets, the final week of March will be the month's busiest.The week will be bookended by closely watched readings on inflation (Monday) and the all-important...
View ArticlePersonal income and spending rise more than expected
Personal income and spending rose more than expected in February.The release from the Commerce Department showed that they both increased 0.5%.Economists had forecast that they rose 0.1%. They were...
View ArticleDEUTSCHE BANK: Stocks aren't going anywhere until after the election (SPX, SPY)
Get ready for a boring seven months in the US stock market. In a note to clients on Sunday, David Bianco, chief US equity strategist at Deutsche Bank, said he expects the S&P 500 will stay in a...
View ArticleThey just found 6 tonnes of gold in a mine in rural Scotland
An Australian based company is trying to extract as much as 5.7 tonnes of gold from a mine in rural Scotland, bringing gold mining back to the UK for the first time in decades.According to the...
View ArticleYou might soon be able to pay for goods in-store using Facebook Messenger...
Facebook looks as though it is gearing up to roll out several new features in Facebook Messenger including an in-store mobile payment option.Clues in the code of the iPhone Facebook Messenger app —...
View ArticleBank of England warns on Brexit risks, tightens buy-to-let lending rules
LONDON, (Reuters) - The Bank of England said on Tuesday that risks around Britain's referendum on the European Union could push up borrowing costs and weaken sterling, and tightened rules for mortgage...
View ArticleThe Bank of England is cracking down on the buy-to-let market
The Bank of England proposed rules to curb the explosive growth in the market for risky buy-to-let mortgages.The BoE's financial supervisory unit, the Prudential Regulation Authority (PRA), said it...
View ArticleOrange and Bouygues boards to meet Wednesday on telecoms tie-up: sources
PARIS (Reuters) - The Orange and Bouygues boards are scheduled to meet separately on Wednesday to discuss the planned sale of Bouygues's telecom unit, two sources close to the matter said.With one day...
View ArticleThese are Europe's 16 most elite economics degrees
Economics as a university subject has boomed in popularity since the financial crisis, and so has competition for the best students.All of this makes the question of which European institutions are...
View ArticleThis is the apocalyptic scenario Britain's biggest banks have to face in the...
The Bank of England just published its latest scenario for the stress test British banks will have to face during 2016. The test will be the third run by the Bank of England, and is used as a measure...
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