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  • Japan Inc says goodbye to going bust in 2014 Thursday, 15 Jan 2015 | 8:10 PM ET

    For the first time in 24 years, no company listed on Japan's stock markets went bankrupt, a sign Abenomics is working for companies in capital markets.

  • Schlumberger to cut 9,000 jobs on oil-price plunge Thursday, 15 Jan 2015 | 5:39 PM ET

    Schlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce.

  • NEW YORK, Jan 14- New York's top law enforcement official said he plans to help bring more fraud cases against the world's biggest banks for selling shoddy mortgage-backed securities before the 2008 financial crisis. Eric Schneiderman, the state's attorney general, said some of these banks were involved in the same kind of wrongdoing that has led him since 2012...

  • Banks ready to cut forecasts for euro after Swiss move Thursday, 15 Jan 2015 | 1:56 PM ET

    Morgan Stanley, Deutsche Bank and Societe Generale were among those to issue sell recommendations on the euro in the aftermath of a morning of turmoil on markets that generated millions of dollars in losses for some. Nikolaos Sgouropoulous, a G10 FX strategist at Barclays in London, said the British bank would wait until next week's ECB meeting before deciding...

  • WASHINGTON, Jan 15- U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy. The Labor Department said on Thursday its producer price index for final demand declined 0.3...

  • Weak oil dictates mutual fund winners and losers in 2014 Thursday, 15 Jan 2015 | 12:33 PM ET

    LONDON, Jan 15- Weak oil prices shaped the performance of mutual funds in 2014 and investors expect the trend to continue, meaning last year's star, India, is likely to keep shining in the months to come. Equity funds were led by those specializing in India- an energy importer- while funds focused on oil exporter Russia dominated the bottom of the league, according to...

  • *Credit Suisse shares down 10.6 pct, UBS down 10.8 pct. LONDON, Jan 15- Shares in Switzerland's two big banks UBS and Credit Suisse slumped as much as 15 percent on Thursday after a massive strengthening in the Swiss franc raised the threat that reported earnings will be hit hard. With interest rates going into deeper negative territory, there could be further...

  • Deutsche Bank considers retail bank spin-off Wednesday, 14 Jan 2015 | 8:31 PM ET
    Deutsche Bank signage in Vienna, Austria.

    Deutsche may spin off retail bank as regulators push them to lower debt levels and prevent the use of consumers' deposits to fund its investment bank.

  • DETROIT, Jan 14- General Motors Co Chief Executive Officer Mary Barra said on Wednesday the largest U.S. automaker would increase its profit this year, as she counted on investors to give her a second chance after her first year behind the wheel was marred by a costly recall scandal. While GM gave no specific figures, it said it expects pretax earnings and profit...

  • NEW YORK, Jan 14- The U.S. 30- year Treasuries yield fell to a record low on Wednesday as disappointing U.S. retail sales data raised bets the Federal Reserve would not raise interest rates this year. People are very confused so they run into safety assets, "said Stanley Sun, interest rate strategist at Nomura Securities International in New York.

  • LONDON, Jan 14- Currency investors have begun to protect themselves against the risks to sterling posed by the most uncertain British election for decades, having learnt a tough lesson in the run-up to Scotland's independence referendum. Sterling fell sharply and volatility soared in the days preceding September's vote as investors belatedly woke up to the...

  • NEW YORK, Jan 14- Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar with the matter told Reuters. The writedown came late in the quarter after a Dec. 22 decision by Portugal's central bank that effectively wiped out...

  • "There are concerns about global growth, but the fundamentals for the U.S. economy are very solid and what's going on overseas should only be a minor drag," said Gus Faucher, a senior economist at PNC Financial Services in Pittsburgh. The National Federation of Independent Business said its Small Business Optimism Index increased 2.3 points to 100.4 last month,...

  • Gold climbs, investors seek refuge from volatility Tuesday, 13 Jan 2015 | 10:13 AM ET

    Gold hit a 12-week high as investors sought refuge from volatility in the wider markets.

  • KAMPALA, Jan 13- Expectations that Uganda will spend more than planned in the run up to an election due in early 2016, pose risks for investors who are demanding higher returns to hold government debt. President Yoweri Museveni, 70, who has overseen rapid economic expansion during his almost three decades in power but has a weaker record on fiscal discipline, is...

  • Barclays, Deutsche and Credit Suisse have left the arena over the last 12 months, both symptom and cause of slower trading growth. As Western banks leave, their places are being taken by Chinese players such as GF Financial, Bank of China and, as of Jan. 26, China Merchant Securities. And metals trading in China itself is booming, with the Shanghai Futures Exchange...

  • *Andrew Higginson to become chairman on Jan. 22. LONDON, Jan 13- The intense pressure in Britain's supermarket sector claimed its first scalp of the year on Tuesday with the departure of Morrisons chief executive Dalton Philips following a plunge in Christmas sales from Britain's No. 4 grocer. The firm, which has been slow to expand into stronger parts of the market...

  • *Gold rallies for third day to highest since October. *Barclays still expects gold to fall to $1,130 this year. SINGAPORE, Jan 13- Gold extended gains on Tuesday to climb to its highest since October, boosted by safe-haven demand triggered by a continued slump in oil prices and weakness in some equities markets.

  • Both BATS Global Markets and Nasdaq OMX Group recently said they have held talks with banks on outsourcing some or all of their dark pool operations. In June, the New York attorney general brought a lawsuit against Barclays, accusing the bank of misleading clients in its dark pool. Also in June, dark pool operator Liquidnet agreed to pay the Securities and...

  • FRANKFURT, Jan 12- Deutsche Bank AG will provide details of a new strategy plan to investors in the second quarter of 2015, senior management told bank staff in an internal memo on Monday. "The management board is working diligently on the next phase of our strategy, and we will update our stakeholders at an investor& media day and global employee town hall in the...