Thursday 1 November 2018

U.S. charges financier, former Goldman bankers for 1MDB

U.S. charges financier, former Goldman bankers for 1MDB

U.S. prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs bankers and Malaysian financier Low Taek Jho tied to the alleged theft of billions from Malaysian sovereign wealth fund 1MDB.

Barclays picks Rothschild veteran Nigel Higgins as next chairman

Barclays Plc said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co , has been appointed to succeed John McFarlane as the company's chairman.

Fox's Murdoch mulls buying back regional sports networks from Disney

Twenty-First Century Fox Inc Executive Chairman Lachlan Murdoch said Thursday it is still an "open question" whether the company will buy back the regional sports networks it sold to entertainment company Walt Disney Co in July as part of a $71 billion deal.

JP Morgan CEO says has no interest in buying Deutsche Bank: Handelsblatt

JP Morgan has no interest in buying Deutsche Bank the U.S. bank's chief executive told German daily Handelsblatt.

Ex-JPMorgan CFO's activist fund takes stake in Deutsche Bank

An activist hedge fund led by the former finance chief of JP Morgan Chase has taken a 3.1 percent stake in Deutsche Bank , saying it backed new Chief Executive Christian Sewing's efforts to turn around Germany's biggest bank, but there was more to do.

U.S. House finance chair still hopeful for vote on capital formation bill

The chair of the House Financial Services Committee says he is still hopeful the Senate will vote on a bill that would make it easier for companies to raise capital and go public, despite a growing likelihood the legislation has stalled in the upper chamber.

Wall Street extends gains for third day, trade optimism helps

U.S. stocks rose for a third straight day on Thursday as President Donald Trump said trade talks with China were "moving along nicely," reviving hopes that the two countries can resolve their trade dispute.

Google workers around the world protest its corporate culture

Thousands of Google employees and contractors staged brief midday walk-outs on Thursday at offices across Asia, Europe and North America to protest sexism, racism and unchecked executive power in their workplace.

Father of Web says tech giants may have to be split up

Silicon Valley technology giants such as Facebook and Google have grown so dominant they may need to be broken up, unless challengers or changes in taste reduce their clout, the inventor of the World Wide Web told Reuters.

Trump, Xi upbeat on U.S.-China trade disputes ahead of meeting

U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.

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