Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
British lender Barclays reported on Thursday a slight rise in underlying pretax profit in the three months to the end of September of £1.59 billion, up 1 percent from the same time a year before, despite facing a series of regulatory difficulties.
Barclays has set aside £500 million for investigations into its role in the alleged rigging of foreign exchange rates. The bank is currently negotiating a settlement over this scandal, with other banks involved.
The bank is facing a host of regulatory and reputational issues.
It has also faced hefty payouts over Libor rigging and the payment protection insurance (PPI) scandal in the U.K. - and has made provision for a further £170 million payout over PPI.
Barclays passed euro zone stress tests with a 7.1 percent tier 1 capital ratio (the pass mark was 5.5 percent) last week. However, it faces tougher UK stress tests in December, where the focus will be on its leverage ratio. The Bank of England is expected to set a level of 4-5 percent for U.K. banks – Barclays is currently at 3.5 percent.
It has maintained a dividend of 3p per share for the quarter, despite anticipated pressure on its capital position. The better-than-expected profit figure came from the retail and Barclaycard side of the business, while investment banking, where profits fell by 38 percent, continued to drag overall results down.
Antony Jenkins, chief executive of Barclays, said in a statement: "This is a good performance from the group, our strategy is working, and we expect to see continued progress as we go forward."
- By CNBC's Catherine Boyle