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  • Dec 4- Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit. Bloomberg reported earlier in the day that Barclays would cut 20 percent more investment banking jobs, citing the bank's Chief Executive Jes Staley. Barclays is midway through a...

  • BRUSSELS, Dec 4- EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA. "This closure does not prejudge the outcome of the Commission's investigation regarding Markit, and ISDA, which is...

  • PARIS/ SINGAPORE, Dec 3- French shipping giant CMA CGM has obtained firm commitments from banks to finance the takeover of Singapore's Neptune Orient Lines, which has a market value of $2.2 billion, two people familiar with the deal said. CMA CGM, which is in exclusive talks to initially buy nearly 67 percent of NOL from state investor Temasek Holdings, has tapped...

  • The company blames the Swiss National Bank's decision on Jan. 15 freeing the franc to rise against the euro for finally bringing climbing rope margins to the breaking point. Mammut's shift illustrates why the franc's stubborn strength despite negative interest rates and SNB intervention has the government and business leaders fearing for Switzerland's...

  • LONDON, Dec 2- The lira rose 0.5 percent against the dollar on Wednesday and stocks rallied to 10- day highs, buoyed by a sharp contraction in Turkey's trade deficit, though most other emerging assets were broadly weaker. MSCI's main emerging equity index pulled back a touch after rising 1 percent on Tuesday after the weak U.S. numbers reinforced belief in a...

  • TOKYO, Dec 2- Japanese stocks were basically flat in choppy trade on Wednesday morning as investors shunned risk, but the benchmark Nikkei average held above the 20,000 point level that it crossed for the first time in more than three months a day earlier. "The movement has been a bit choppy and a little bit disconnected during these past few days, partly because of...

  • *BTG Pactual Commodities has only modest physical assets. LONDON, Nov 30- Brazil's Grupo BTG Pactual SA is reviewing its assets and may sell part of its commodities unit to raise capital after the arrest of the bank's chief executive, a source familiar with the matter said on Monday. The bank is now seeking to shore up its balance sheet, after Esteves' arrest prompted...

  • Big banks accused of interest rate-swap fixing Thursday, 26 Nov 2015 | 4:08 AM ET
    Wall Street

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...

  • NEW YORK, Nov 25- A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit competition in the US $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup,...

  • BRUSSELS, Nov 25- Europe's central banks are struggling with divergent quandaries over how to revive inflation and sustain economic growth as the U.S. While the Fed is widely expected to pull the trigger on a slow but steady tightening from December in response to solid U.S. growth and employment figures, the European Central Bank is likely to ease monetary...

  • ZURICH, Nov 25- When the Swiss National Bank stunned markets in January by abandoning its currency cap it had imposed in its franc against the euro, it did so with eyes on the European Central Bank. After the decision to end the minimum exchange rate sent Switzerland's currency soaring, the SNB's policies of negative interest rates and foreign currency purchases...

  • LONDON, Nov 24- Once dubbed "masters of the universe", it seemed the party would never end for a profession often associated with a champagne lifestyle of fast cars and faster living. But those days are over for London's financial market traders. In third-quarter earnings updates, banks took another scythe to costs, with expensive traders and trading desks in...

  • LONDON, Nov 24- Turkey's stocks fell 2 percent and its debt insurance costs rose after it shot down a Russian warplane near the Syrian border, while other emerging assets also struggled in face of a strong dollar and weak commodities. MSCI's benchmark emerging equity index was down about 0.25 percent, with Hong Kong- listed Chinese stocks down 0.3 percent as the...

  • Nov 23- Petco Holdings Inc agreed to be acquired by CVC Capital Partners Ltd and the Canada Pension Plan Investment Board in a $4.6 billion deal, after merger talks with market leader PetSmart Inc stalled last month due to antitrust concerns. Based in San Diego, California, Petco was founded as a mail-order company in 1965 and currently operates more than 1,400...

  • Nov 23- Private equity firm CVC Capital Partners Ltd and the Canada Pension Plan Investment Board said on Monday they would buy U.S. pet supplies retailer Petco Holdings Inc for about $4.6 billion. Barclays, Citigroup, Royal Bank of Canada, Credit Suisse, Nomura and Macquarie have provided committed debt financing to CVC and CPPIB, the companies said on Monday.

  • *Pfizer, Allergan drop after biggest-ever healthcare deal. Pfizer's shares were down 2.1 percent at $31.51, after the company said it would buy fellow drugmaker Allergan in a deal valued at about $160 billion, the biggest ever in the healthcare sector. Allergan fell 2.4 percent to $305.11.

  • European stocks close lower as oil price seesaws Monday, 23 Nov 2015 | 11:35 AM ET

    European equities pared losses but still traded lower on Monday with investors reacting to price fluctuations in the oil market.

  • *Allergan, Pfizer drop after biggest-ever healthcare deal. Pfizer's shares fell 3 percent to $31.20, after the company said it would buy Allergan in a deal valued at about $160 billion, the biggest ever in the healthcare sector. The two stocks were the biggest drags on the S&P 500, while Pfizer was the biggest drag on the Dow.

  • *China General Nuclear Power Corp to buy 100 pct of Edra. An international probe into alleged graft at 1 Malaysia Development Bhd, along with weak global fuel prices and subdued demand from China, has damaged investor sentiment in Malaysia and battered its currency. 1 MDB has denied any wrongdoing. State-owned CGN said it will assume all the debt of 1 MDB's power...