Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Britain’s Lloyds steps up job cuts with more than 1,000 fresh layoffs
LONDON (Reuters) - Britain's biggest domestic bank Lloyds said it is cutting 1070 jobs, accelerating redundancies despite a return to profit in the third quarter. "These changes reflect our ongoing pl...
Nov 04, 2020
COVID-19 restrictions could mean fourth quarter contraction in parts of EU, ECB’s De Cos says
By Jess Aguado and Emma Pinedo MADRID (Reuters) - Spain and other European economies will slow and could contract in the fourth quarter of 2020 because of new restrictions to contain the coronavirus p...
Nov 04, 2020
Britain sets up share trading clash with EU
By Huw Jones LONDON (Reuters) - Banks and asset managers in Britain can use exchanges from the European Union to trade shares from January, Britain's financial regulator said on Wednesday, creating a ...
Nov 04, 2020
Big fees and bragging rights lost: Ant bankers hit by shock IPO suspension
By Scott Murdoch HONG KONG (Reuters) - The eleventh-hour halt to Ant Group's record $37 billion listing has not only hurt the firm, but also lead bank China International Capital Corporation (CICC), w...
Nov 04, 2020
Market ties between China, U.S. set to deepen regardless of who wins White House
By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) - As the world awaited definitive results from the U.S. presidential election, Chinese investors betting on the re-election of Donald Trump sent ...
Nov 04, 2020
UK heading for double-dip recession this winter: PMI
By David Milliken LONDON (Reuters) - Britain looks on course to enter a double-dip recession this winter, as business surveys show economic growth almost halted last month even before the latest Engla...
Nov 04, 2020
Euro zone economy on track for double-dip recession: PMI
LONDON (Reuters) - The euro zone's economic recovery stalled last month as a second wave of coronavirus cases and restrictions imposed to try and contain it whacked activity in the bloc's dominant ser...
Nov 04, 2020
German services shrank in Oct even before partial lockdown: PMI
BERLIN (Reuters) - German services activity shrank for the first time in four months in October, a sign that Europe's largest economy was struggling even before a partial lockdown was imposed to break...
Nov 04, 2020
French business activity falls in Oct as services weaken: PMI
PARIS (Reuters) - French business activity fell in October at the fastest pace in five months as the service sector pulled back in the face of new coronavirus restrictions, a monthly survey showed on ...
Nov 04, 2020
‘It’s a joke’: retail investors shocked as China halts Ant Group’s IPO
By Yoyo Chow and Clare Jim HONG KONG (Reuters) - Mom-and-pop investors who put in bids worth a record $3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned a...
Nov 04, 2020
