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Barclays Plans To Cut $1.25 Bln Costs, Up To 2,000 Jobs

British banking major Barclays Plc. is planning to cut costs by as much as 1 billion pounds or $1.25 billion over several years through various measures including up to 2,000 job cuts, Reuters reported citing people with knowledge of the matter. The planned job cuts mainly would be in the British bank's back office. The proposed move likely reflects the bank's aim to bolster its profitability.
RTTNews | vor 563 Tagen
FTSE 100 Edges Lower On Inflation Concerns

FTSE 100 Edges Lower On Inflation Concerns

U.K. stocks traded lower on Friday after Bank of England's chief economist Huw Pill told the Financial Times that it was too early to declare victory in the battle against high inflation.
RTTNews | vor 563 Tagen
Amended: DAX Little Changed As GDP Contracts

Amended: DAX Little Changed As GDP Contracts

German stocks were little changed on Friday after official data showed the German economy contracted slightly in the third quarter compared with the previous three months.
RTTNews | vor 563 Tagen
Asian Shares Mixed Amid China Concerns

Asian Shares Mixed Amid China Concerns

Asian stocks turned in a mixed performance on Friday, with Chinese and Hong Kong markets underperforming after wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities. Trading volumes were muted due to a holiday in the U.S. for Thanksgiving.
RTTNews | vor 563 Tagen
Japan Inflation Rises; Private Sector Stagnates

Japan Inflation Rises; Private Sector Stagnates

Japan's consumer price inflation rose for the first time in four months in October and continued to remain well above the 2 percent target, official figures revealed on Friday. Preliminary results of the the Purchasing Managers' survey showed that the private sector activity stalled in November, ending a ten-month sequence of growth, as the strength in the service sector was offset by the contra
RTTNews | vor 563 Tagen
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Yen Recovers Against Majors

Yen Recovers Against Majors

The Japanese recovered from recent lows against other major currencies in the Asian session on Friday.
RTTNews | vor 563 Tagen
European Economic News Preview: Germany GDP, Business Confidence Data Due

European Economic News Preview: Germany GDP, Business Confidence Data Due

Quarterly national accounts and business sentiment survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's detailed GDP data for the third quarter. The initial estimate showed that the largest euro area economy contracted 0.1 percent sequentially, offsetting the 0.1 percent rise a quarter ago.
RTTNews | vor 563 Tagen
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks may open on a mixed note Friday in the wake of a holiday in the U.S. for Thanksgiving. There will be an abbreviated trading session on Wall Street today.
RTTNews | vor 563 Tagen
Lenovo Recalls USB-C Laptop Power Banks

Lenovo Recalls USB-C Laptop Power Banks

Chinese PC and mobile maker Lenovo Group is recalling USB-C laptop power banks citing risk for fire, the U.S. Consumer Product Safety Commission said. About 2,850 units were sold in the United States and about 510 units were sold in Canada. The recall involves the Lenovo USB USB-C Laptop Power Bank with model number PBLG2W.
RTTNews | vor 563 Tagen
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Following the lack of cues from Wall Street and positive cues from European markets overnight, Asian stock markets turned in a mixed performance in lackluster trade on Friday, as traders remained reluctant to make significant moves. The markets reacted primarily to domestic economic data from Japan. Asian markets ended mostly higher on Thursday.
RTTNews | vor 563 Tagen

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