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Barclays PLC

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  • DETROIT/ NEW YORK, Oct 14- Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles, can meet his most ambitious goal: to nearly double Jeep's global sales over the next four years. Marchionne reiterated his aggressive target for boosting Jeep's annual volume to 1.9 million, while pacing the floor of the New...

  • Dollar recovers broadly on weak euro zone, UK data Tuesday, 14 Oct 2014 | 2:38 PM ET

    The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data came out of the euro zone and United Kingdom.

  • LONDON, Oct 14- Three London-based currency traders have left JP Morgan and HSBC, sources said on Tuesday, as investigations by banks and regulators into alleged collusion and manipulation in the $5.3 trillion- a-day market draw closer to a settlement. The three are Richard Usher, former head of spot G10 currency trading at JP Morgan, Serge Sarramegna, former UK...

  • LONDON, Oct 14- Banks are fighting an uphill battle to protect themselves and their client accounts from cyber attacks, and the sometimes careless use of social media by customers and staff isn't making the fight any easier. Personal details from sites such as Facebook, Twitter and LinkedIn are also being used by fraudsters to scam customers, including to help in...

  • LONDON, Oct 14- Britain's biggest banks have paid out less than 40 percent of the 4 billion pounds set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is one of a number of scandals involving British banks in the past five years and provoked a political and public backlash...

  • *Voluntary guidelines determine how green a bond is. ZURICH, Oct 14- The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's investment chief told the Reuters Global Climate Change Summit. The supply of green bonds, a fixed-income security designed to raise capital for...

  • LONDON, Oct 14- British luxury handbag maker Mulberry cut its profit forecast for the third time this year, saying a drop in tourist shoppers had compounded the disruption to its business from a shift back to selling lower-priced bags. Luxury brands are struggling with cooling demand from emerging markets such as China and Russia, as well as a drop in tourists...

  • *Company cites poor summer weather in China. LONDON, Oct 14- Poor summer weather in China hit SABMiller's lager sales in the second quarter, though higher prices and a jump in soft drink sales helped boost revenues at the world's second biggest beer maker. Soft drinks account for 20 percent of SABMiller's sales volumes, but are far less profitable than beer.

  • FOREX-Dollar recovers after U.S. sell-off Tuesday, 14 Oct 2014 | 3:51 AM ET

    *Swedish inflation, UK retail sales hit crown, sterling. LONDON, Oct 14- The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace. "It's a bit messy this morning, but to characterize it as risk off would probably be the best way of...

  • Analysts at Barclays slashed their full-year pretax profit forecast by 60 percent to 4 million pounds. "Moving the brand to higher pricing points had clearly taken its toll on sales with the group responding by reverting back to its roots," the Barclays analysts said in a note, adding they expected new bag launches to help the firm's second-half trade.

  • European court to hear German challenge to ECB QE Tuesday, 14 Oct 2014 | 1:50 AM ET
    Cityscape of Luxembourg City, Luxembourg

    Europe’ s highest appeals court plans to begin hearing arguments Tuesday morning on a suit that aims to block a European Central Bank bond-buying program, the NYT reports.

  • MADRID, Oct 13- Spain's Gas Natural said on Monday it was leaving its 2015 payout plans unchanged after announcing a $3.3 billion takeover offer for Chile's biggest electricity distributor Compania General de Electricidad. Analysts at Barclays said in a note that the acquisition seemed expensive and posed questions on Gas Natural's dividend policy.

  • Euro's demise exaggerated, old lessons show Monday, 13 Oct 2014 | 9:32 AM ET

    LONDON, Oct 13- Currency watchers have decreed that the euro will fall sharply against the dollar as Europe and the United States' monetary policies diverge, but history suggests the euro's drop may not be quite so smooth or rapid. Goldman Sachs predicts a further 20 percent fall to parity by the end of 2017, Deutsche is going for a 25 percent slide to $0.95 and...

  • Voiceprints being harvested by the millions Monday, 13 Oct 2014 | 4:02 AM ET

    Dan Miller, an analyst with Opus Research in San Francisco, estimates that the industry's revenue will roughly double from just under $400 million last year to between $730 million and $900 million next year. Barclays PLC recently experimented with voiceprinting as an identification for its wealthiest clients. "The general feeling is that voice biometrics...

  • Banks harvest callers' voiceprints to fight fraud Monday, 13 Oct 2014 | 3:45 AM ET

    LONDON— The caller said her home had burned down and her husband had been badly hurt in the blaze. The conversation, a partial transcript of which was provided to The Associated Press by the anti-fraud company Verint Systems Inc., reflects the growing use of voice biometric technology to screen calls for signs of fraud. Two major U.S. banks, JPMorgan Chase& Co. and...

  • China trade growth rebounds in September Monday, 13 Oct 2014 | 1:11 AM ET

    BEIJING— China's trade grew more strongly than expected in September, easing fears of a deeper slowdown in the world's No. 2 economy. China's communist leaders hope export growth will help support employment while trying to nurture growth based on domestic consumption. Exports to the U.S. grew by 10.8 percent over the same month last year, by 13.8 percent to the 10...

  • NEW YORK, Oct 12- For Federal Reserve officials already worried about a persistent lack of U.S. wage and price growth, one corner of the bond market may be suggesting even more reason for alarm. The Treasury Inflation Protected Securities market is suggesting price stagnation may be just around the corner. Slowing global growth, particularly because of weakness...

  • Fiat Chrysler crowns merger with Wall Street debut Sunday, 12 Oct 2014 | 6:29 AM ET

    *FCA trading on NYSE opens 1330 GMT Monday, followed by Milan. *Wall Street debut comes at difficult time for auto industry. MILAN, Oct 12- Fiat Chrysler Automobiles makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's centre of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio...

  • Britain's ring-fence a new hurdle for bank directors Sunday, 12 Oct 2014 | 4:00 AM ET

    LONDON/ DUBLIN, Oct 12- Britain's major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape of the industry aimed at protecting it from future investment bank crashes. Britain wants banks such as HSBC, Barclays and the UK arm of Spain's Santander to ring fence their retail units from their wholesale operations,...

  • PARIS, Oct 12- Health checks on Europe's banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post- "stress test" tie-ups are likely to be along national lines and could make a splintered industry more so. The European Central Bank takes direct authority over the currency area's 120 top banks on Nov. 4...