Business

London Spearheads 11 Percent Jump In Bankers Earning 1 Million Euros

More than 3,500 bankers in Europe earned 1 million euros ($1.4 million) or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country. Figures from...

Stronger U.S. Data Spurs World Shares, Yen Falls

World shares rose toward six-year highs on Thursday and the yen languished at fresh lows against the euro and dollar after sentiment was boosted by a batch of strong U.S. economic data. The signs of an improving U.S. jobs market...

Analysis: U.S. Sanctions Make Cuba’s Bank Account Too Toxic For Banks

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The decision by a New York bank to close Cuba's checking account in the United States has presented an unusual diplomatic quandary that provides a test for new-found pragmatism in relations between the two longtime foes. Cuba announced on Tuesday...

Exclusive: UBS Shrinks Corporate Advisory Team For Rich In Emerging Markets

Swiss lender UBS is scaling back corporate advisory and investment banking services for ultra-rich clients in some key emerging market countries to reduce overlaps with other departments, three sources familiar with the plan said. The bank's Corporate Advisory Group (CAG)...

United Bank For Africa Appoints Ambassador Joe Keshi As Chairman

OUTGOING CHAIRMAN, CHIEF ISRAEL OGBUE (R) CONGRATULATING THE NEW CHAIRMAN, AMBASSADOR JOE KESHI (L) DURING THE MEETING OF THE BOARD OF DIRECTORS OF UNITED BANK FOR AFRICA PLC IN LAGOS.   BEVERLY HILLS, CA, November 27, (THEWILL) – United Bank for...

Turkcell Sues MTN In South Africa For $4.2 Billion In Iran Damages

Turkish mobile phone company Turkcell has taken to a South African court its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of "corruption and bribery" that caused it to lose a contract in Iran. Turkcell originally...

Stock Futures Flat Near Record Levels, HP Extends Gains

U.S. stock index futures were little changed on Wednesday as investors found few reasons to buy before the Thanksgiving holiday and major indexes stood near historic highs. Adding to last quarter's higher results, technology company Hewlett-Packard (HPQ.N) rose after it...

Euro Makes Move On Yen, China Shares Outperform

The euro raced to fresh highs on both the yen and U.S. dollar on Wednesday, while Shanghai stocks shrugged off geopolitical concerns to outpace an otherwise lackluster regional performance. European stocks were poised for a subdued start with financial spreadbetters...

For U.S. Stores It Is Ugly Out There – In More Ways Than One

The 2013 holiday shopping season may end up being remembered for its ugly sweaters and, for many retailers, even uglier discounts. With growing online competition, no fashion must-haves and weak consumer confidence, most U.S. retailers will have to offer both...

Global Shares Drop As Oil Prices Climb On Iran Deal Doubts

European shares and the dollar slipped on Tuesday as oil prices climbed amid doubts over the real impact of the Iran nuclear deal and renewed political tensions in the East China Sea. The pan-European FTSEurofirst 300 .FTEU3 share index struggled...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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