Business

UBS To Cut Around 300 Investment Banking Jobs: Sources

Swiss bank UBS (UBSG.S) plans to cut around six percent of its investment banking jobs in Europe in the coming weeks, two sources familiar...

BMW Shifts Focus Towards Harnessing Technology

German carmaker BMW (BMWG.DE) said it will focus on electric vehicles and automated driving and develop its software and technology services as part of...

VW Financial Services Takes Writedown For Emissions Scandal

Volkswagen's (VOWG_p.DE) Financial Services AG said on Tuesday it took an extraordinary writedown of 353 million euros ($391 million) to cover a potential decline...

Moody’s Says FCC Internet Privacy Proposal Could Harm Broad Internet Providers

Ratings agency Moody's Investors Services said Tuesday a proposal by U.S. communications regulators to impose privacy restrictions on broadband providers like Verizon Communications Inc...

Nigeria’s State Oil Company Withheld $16 Bln In 2014 – Auditor-General

Nigeria's state oil company withheld 3.2 trillion naira ($16 billion) in revenues from the federal government in 2014, the auditor-general said on Monday, the...

Wall St. Flat As Energy Drags, Consumer Gains

Wall Street was little changed on Monday as losses in energy shares were offset by gains in consumer discretionary stocks and investors paused ahead...

Oil Tumbles As Stockpile Worry Overshadows Rally

Global oil prices fell as much as 4 percent on Monday on concerns a six-week market recovery has gone beyond fundamentals, as U.S. crude...

Goldman Revamps Electronic Stock Trading To Catch Rival

Raj Mahajan achieved a rare feat when he rejoined Goldman Sachs Group Inc (GS.N) last year with the coveted title of partner, the Wall...

SEC Approves Budget Of Independent Accounting Board

The Securities and Exchange Commission on Monday approved the budget for the auditing watchdog that oversees the work of leading U.S. accounting firms. The SEC...

Naira Pressure To Reduce As Foreign Reserve, Oil Price Improves

BEVERLY HILLS, March 13, (THEWILL) – The pressure on the naira is expected to reduce and stability maintained at the foreign exchange (FX) market...
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