Barclays announced a number of promotions in its investment bank's management on Friday as it continues a review of the division.» Read More
TOYOTA CITY, Japan/ TOKYO, April 16- Toyota Motor Corp is set to post record growth for the year just ended- with a likely $10 billion surge in operating profit- but the mood at its HQ in Japan's prosperous automotive heartland is cautious as executives warn of a leaner year ahead.
ATHENS, April 15- International investors are to invest 1.3 billion euros in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece.
*Bank faces backlash over bonuses at AGM April 24. LONDON, April 15- Barclays' Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm's investment bank without undermining a division that contributes about half of group profits. "The expectation is for something like a 10 to 20 percent cut," Chintan Joshi, analyst at Nomura, said.
LONDON, April 15- Three former brokers at ICAP, the world's largest interdealer broker, appeared in a London court on Tuesday charged with running a four-year scheme to manipulate Libor benchmark rates.
BRUSSELS— The European Union's Parliament on Tuesday completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by failing banks.
*Some wariness towards tensions in Ukraine. Some caution over tensions in Ukraine may be helping to temper the dollar's gains against the yen, said a trader for a European bank in Tokyo. Investors remained wary of developments in Ukraine, where any escalation might quickly cause risk appetite to evaporate.
Investors remained wary of developments in Ukraine, where any escalation might quickly cause risk appetite to evaporate. Armed pro-Russian separatists seized more buildings in eastern Ukraine on Monday, expanding their control after the government failed to follow through on threatened military crackdown.
Auto financing company Ally Financial and hotel operator La Quinta Holdings had lukewarm receptions for their IPOs last week. La Quinta priced its shares at $17 each, lower than its expected range of $18 to $21, which suggested less demand. Ally, the largest IPO this year, priced its shares at $25 each, the bottom of its expected range of $25 to $28.
Glencore, named as a co-conspirator, also bought a number of Brent cargoes to satisfy a tender to supply refiners in India. STRATEGY: BP Plc was alleged to have bought nearly all the propane in the Mont Belvieu storage fields in advance, then held on to it until the end of the month, when other companies that needed the gas on a northern pipeline would pay up for it.
A senior investment banker at Barclays is set to leave following a combined 17 years at the bank and the one it acquired, Lehman Brothers.
MILAN, April 14- Italy won orders worth 6.72 billion euros for an inflation-linked bond on the first day of sale on Monday, confirming small investors' appetite for a security that often raises record amounts.
*Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen will nearly halve its product line and focus investment on new technology in an attempt to return to profit, the struggling carmaker's new boss Carlos Tavares said on Monday.
MILAN, April 14- Orders for a new inflation-linked bond Italy started offering to small investors on Monday topped 5 billion euros five hours into the sale, confirming the allure of a security that has raised record amounts in the past.
*Peugeot targets 2 pct automotive margin for 2018. PARIS, April 14- PSA Peugeot Citroen's new boss Carlos Tavares vowed to halt losses and restore profitability at its core manufacturing division in 2018, as he set out a long-awaited recovery plan for the struggling French carmaker.
PARIS, April 13- Chinese economic growth data this week will offer the clearest indication yet of whether the world's second-largest economy will dodge a "hard landing". The International Monetary Fund warned last week on the risk of a "hard landing" in China.
Europe's largest banks cut their staff by another 3.5 percent last year
LONDON, April 13- Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.
LONDON, April 11- A shift by investors' back into emerging market assets gathered pace over the last week, with China and Russia seeing some of the biggest demand as EM inflows reached their highest rate in over a year.
BEIJING, April 11- China's consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world's second-largest economy.
April 10- Phibro Animal Health Corp's initial public offering was priced at $15 per share, an underwriter said, below its expected price range of $16- $18 per share. Backed by UK private equity firm 3 i Group Plc, Teaneck, New Jersey- based Phibro is selling 7.352 million shares in the offering.