Category Archives:
Britain’s bank ‘ring-fencing’ rules create complexity, review shows
LONDON (Reuters) - Capital requirements for the retail arms of Britain's banks have generally not harmed competition, but do create unnecessary complexity for customers, lenders and regulators, an ind...
Syndicated Content Jan 19, 2022
UK competition regulator probes NortonLifeLock $8.6 billion takeover of Avast
LONDON (Reuters) - Britain's competition regulator has launched an investigation into whether a takeover by U.S. cybersecurity firm NortonLifeLock Inc of London-listed rival Avast Plc will reduce choi...
Syndicated Content Jan 19, 2022
KPMG fined $5.8 million over Conviviality audit in Britain
LONDON (Reuters) - Britain's accounting watchdog on Wednesday fined KPMG 4.3 million pounds ($5.85 million) for audits of convenience store chain Conviviality. The Financial Reporting Council said KPM...
Syndicated Content Jan 19, 2022
Goldman Sachs adds another layer of stress
A look at the day ahead from Julien Ponthus. For all the turmoil across financial markets yesterday, the Nasdaq creeping dangerously near correction territory and closing below a key 200-day moving av...
Syndicated Content Jan 19, 2022
UK watchdog to restrict advertising of cryptoassets
LONDON (Reuters) - Britain's financial watchdog said on Wednesday it plans to introduce restrictions on marketing cryptoassets and other high-risk investments. A surge in investment scams, particularl...
Syndicated Content Jan 19, 2022
GSK chief scientist Barron to leave for U.S. biotech start-up
LONDON (Reuters) - GlaxoSmithKline said on Wednesday that Hall Barron will end his position as chief scientific officer in August after less than five years to run a new privately owned start-up biote...
Syndicated Content Jan 19, 2022
Net profits of China’s centrally owned state firms up 29.8% y/y in 2021
BEIJING (Reuters) - Overall net profits of China's central government-owned state firms rose 29.8% year-on-year to 1.8 trillion yuan ($283.56 billion) in 2021, according to a statement from the state ...
Syndicated Content Jan 19, 2022
Exclusive-China drafts rules to ease property developers’ use of escrow funds – sources
By Julie Zhu, Clare Jim and Xie Yu HONG KONG (Reuters) - China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in its latest mo...
Syndicated Content Jan 19, 2022
Chinese property developers face big debt maturities in 2022
By Patturaja Murugaboopathy and Andrew Galbraith (Reuters) - Chinese real estate developers are staring at enormous amounts of debt maturing this year, at a time when property sales have slowed and tr...
Syndicated Content Jan 19, 2022
Burberry lifts profit outlook after full-price sales accelerate
LONDON (Reuters) -Luxury brand Burberry said annual profit would beat market expectations as its full-price sales accelerated in the third quarter, driven by a strong performance in outerwear and leat...
Syndicated Content Jan 19, 2022
Peoria, IL, USA
61 °F Patchy rain nearby
