Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific were edged up on Tuesday following overnight gains on Wall Street as the earnings season rolls on.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Barclays has begun an internal investigation into allegations of fraud by the New York state attorney general at the British bank's U.S.-based dark pool, Chief Executive Antony Jenkins said in a memo to his employees late on Thursday.
Earlier this week the U.S.'s top securities regulator announced he was suing Barclays for allegedly misleading institutional investors over its anonymous trading facility, or dark pool.
In a memo sent by Jenkins, and seen by CNBC, the Barclays CEO expressed his "deep disappointment and frustration that our business is back in the news this week for the wrong reasons."
"These are serious charges which allege a grave failure to live up to our values and to the culture in Barclays that we are working to create."
The bank has been working to rebuild its governance and reputation since a damaging scandal in 2012 which uncovered widespread rigging at the bank of a key interbank rate known as Libor. Bob Diamond, then Barclays CEO, and several top-level executives lost their jobs in the fallout of the investigation.
Since then, in spite of changes at the top and a push to improve its internal controls, the bank has also been embroiled in investigations into the rigging of other rates and prices, including gold and foreign exchange rates.
Late Thursday there were reports in other media including the Financial Times and on Dow Jones newswires that major brokers, including Deutsche Bank and RBC, were beginning to sever their ties to the Barclays dark pool.
"I will not tolerate any circumstances in which our clients are lied to or misled and any instances I discover will be dealt with severely," Jenkins' memo went on.
"The success of our business depends crucially on our clients being able to rely absolutely on our honesty and integrity,"