financial

Citigroup may benefit less from tax cuts than other U.S. banks

Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…

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Citigroup may benefit less from tax cuts than other U.S. banks

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U.S. sues Barclays, ex-executives for mortgage securities fraud

The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said. Major U.S. banks, including JPMorgan Chase & Co and Bank of America Corp , have paid tens of millions of dollars to settle …

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U.S. sues Barclays, ex-executives for mortgage securities fraud

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Aixtron, Fujian to explore what is left of deal after U.S. veto

German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday. U.S. President Barack Obama blocked China's Fujian Grand Chip Investment Fund (FGC) from acquiring Aixtron's U.S. business, the Treasury Department said on Friday. “The bidder and Aixtron are evaluating the …

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Aixtron, Fujian to explore what is left of deal after U.S. veto

financial

AT&T signs on Fox for DirectTV Now

(Reuters) – AT&T has signed a deal with Fox Networks Group to continue showing its networks across its offerings including its online video service, DirectTV Now, the two companies announced on Monday.

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AT&T signs on Fox for DirectTV Now

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IBM invests in UK data centers as tech sector defies Brexit worries

Global IT group IBM will triple the number of its cloud data centers in Britain, it said on Tuesday, joining Facebook and Google in investing in the UK after its vote to leave the European Union. IBM said it would build four new data centers to …

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IBM invests in UK data centers as tech sector defies Brexit worries

financial

Oil prices rise in anticipation of planned OPEC-led production cut

Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a failure to agree a cut could lead to a ballooning supply overhang by early 2017. U.S. West Texas Intermediate (WTI) crude futures were up 44 cents, or 0.9 percent, at $48.68 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) is trying by Nov. 30 to bring its 14 member states and non-OPEC producer Russia to agree …

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Oil prices rise in anticipation of planned OPEC-led production cut

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Citi and JPMorgan top list of globally systemic banks

By Huw Jones LONDON (Reuters) – Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability. The group of 20 economies (G20) agreed after the 2007-09 financial crisis that top banks, whose size and complexity mean a collapse could wreak havoc in markets, should hold extra capital, according to the level of risk they present. In the annual update of rankings published on Monday by the…

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Citi and JPMorgan top list of globally systemic banks

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Oil prices fall on high production despite planned OPEC output cut

Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years. Brent crude futures were trading down 25 cents, or 0.5 percent, at $49.94 per barrel at 0205 GMT. U.S. West Texas Intermediate (WTI) futures were down 26 cents, or 0.5 percent, at $47.98 a barrel.

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Oil prices fall on high production despite planned OPEC output cut

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A Deutsche Bank settlement overshadows U.S. equities

Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. Deutsche shares traded in the United States hit a record low on Thursday, falling as much as 24 percent since the DOJ asked…

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A Deutsche Bank settlement overshadows U.S. equities

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Germany’s Merkel cannot afford to bail out Deutsche Bank: media

By Georgina Prodhan FRANKFURT (Reuters) – German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on Wednesday that it was working on a rescue plan for Germany's biggest bank, as …

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Germany’s Merkel cannot afford to bail out Deutsche Bank: media

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