Christine Lagarde
By Callum Waters On Wednesday, September 28th, 2016
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IMF Chief Sees Lower U.S. Growth, Calls Trade Barriers ‘Malpractice’

International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade “economic malpractice” More...

Janet Yellen
By Callum Waters On Wednesday, September 28th, 2016
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Fed May Change Stress Tests, Capital Buffers For U.S. Banks: Yellen

The Federal Reserve is considering changes to the annual stress tests it gives U.S. banks to move to a more risk-sensitive, firm-specific approach that would raise capital requirements for big banks based on their More...

Ban Ki-Moon
By Callum Waters On Wednesday, September 28th, 2016
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U.N. Chief: War Crimes In Aleppo, Worse Than Slaughterhouse

U.N. Secretary General Ban Ki-moon has condemned the attacks on the two largest hospitals in rebel-held areas of the Syrian city of Aleppo as “war crimes.” His comments came as U.S. Secretary of State More...

Vladimir Putin / Shinzo Abe
By Callum Waters On Wednesday, September 28th, 2016
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Japan’s Abe Seeks Breakthrough With Russia On Long-Disputed Islands

Japanese Prime Minister Shinzo Abe is betting that close ties to Russian President Vladimir Putin, Russia’s economic woes and regional concerns about China’s rise will help him make progress in a decades-old More...

Yahoo
By Callum Waters On Wednesday, September 28th, 2016
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Senators Accuse Yahoo Of ‘Unacceptable’ Delay In Hack Discovery

Six senators on Tuesday demanded that Yahoo Inc (YHOO.O) explain why hackers’ theft of user information for 500 million accounts two years ago came to light only last week and called the company’s handling More...

Blackberry
By Callum Waters On Wednesday, September 28th, 2016
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BlackBerry Exits Smartphone Design With Outsourcing Plan; Shares Rise

BlackBerry Ltd will outsource the development and design of its smartphones, a product category it helped pioneer and popularize, as the Canadian company bets on software and managing rival devices, it said on More...

Nike Store
By Callum Waters On Wednesday, September 28th, 2016
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Nike Orders Miss Forecast As Competition Increases

Nike Inc’s future orders missed analysts’ estimates for the third time in a row, as the world’s largest footwear maker struggles with increasing competition from Under Armour Inc and a resurgent More...

Oil Drilling
By Callum Waters On Wednesday, September 28th, 2016
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Oil Rises After Industry Data Indicates U.S. Inventory Draw

Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept More...

Wells Fargo
By Callum Waters On Wednesday, September 28th, 2016
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Wells Fargo CEO To Forfeit Around $41 Million In Pay As Board Orders Review

Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company’s board investigates the More...

RBS
By Callum Waters On Wednesday, September 28th, 2016
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RBS To Pay $1.1 Billion To Partly Resolve U.S. Mortgage Claims

Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said. The More...