Business

U.S. Banks’ Buybacks, Dividends May Be No Reason For Shareholder Celebrations

Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal Reserve backing on Wednesday to buy back more shares and increase their dividends in the coming year, but the approvals may...

Credit Suisse Poaches Prudential’s Thiam For Asia Push

Credit Suisse has swooped on Prudential boss Tidjane Thiam to replace chief executive Brady Dougan - seen to have failed in reforming the Swiss bank fast enough - in order to push into wealth management of a growing multi-millionaires...

Wall St. Slumps On Greece Concerns

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U.S. stocks fell on Tuesday, dropping in a broad decline amid renewed concerns about debt talks with Greece and as crude oil fell, weighing on energy shares. Euro zone ministers agreed that technical talks between finance experts from Athens and...

Brent Oil Falls To $57 On Strong Dollar And Supply

Brent crude futures fell to around $57 a barrel on Tuesday as the dollar hit multi-year highs and the oil market remained hobbled by oversupply and weak demand. The U.S. dollar touched a near 12-year peak against the euro and...

Cook On Apple Watch: ‘I’ve Been Wanting To Do This Since I Was 5’

The Apple Watch, Apple's first major consumer device in years, is finally here. Apple CEO Tim Cook teased it in September. And on Monday, he revealed the last remaining details during an event in San Francisco Monday. "I've been wanting to...

HSBC Bosses To Face New Grilling From MPs

Three senior HSBC bosses will face further questions from MPs on Monday over the tax scandal revelations at the bank's Swiss private banking arm. HSBC group chief executive Stuart Gulliver and the former head of the bank's private banking division...

Wall St. Gains, M&A Provides A Lift

U.S. stocks were modestly higher on Monday, a day after the S&P 500's biggest drop in about two months, as some billion-dollar deals helped provide a lift to the market. Wall Street has fallen for two straight weeks, a downtrend...

All Eyes On Apple’s Cook As Watch Launch Expected

Apple Inc (AAPL.O) Chief Executive Officer Tim Cook on Monday is expected to announce details of the first product developed under his leadership, a watch that Apple hopes will transform the market of wearable technology. The company provided a sneak...

Oil Drops Toward $59 On Dollar, Stock Builds

Brent crude oil fell toward $59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs. The dollar hit a more than 11-year high against a basket of currencies after the...

At Long Last, Dow Gets A Taste For Apple

Apple Inc (AAPL.O), the largest U.S. company by market value, will join the Dow Jones industrial average .DJI, replacing AT&T Inc (T.N), in a change that reflects the dominant position of the iPhone maker in the U.S. consumer economy. The...