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British banks’ new disputes service too limited, MPs say

LONDON (Reuters) – Big British banks have been criticised by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. FILE PHOTO: The City of London from Read more ›

Nissan top exec Munoz resigns amid broadened Ghosn probe

(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North Read more ›

UK pay gap between CEOs and staff widens – lobby group

The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. Read more ›

Iran approves anti-money laundering bill to ease foreign trade

LONDON (Reuters) – A powerful Iranian council approved an anti-money laundering bill on Saturday, state media reported, a major step towards reforms that would bring Iran into line with global norms and could facilitate foreign trade in the face of Read more ›

UK mortgage approvals show first annual rise in 14 months – UK Finance

LONDON (Reuters) – A decline in the number of mortgages approved by British high-street banks flattened out last month, with the first year-on-year rise since September 2017, figures from industry group UK Finance showed on Friday. FILE PHOTO: Property sale Read more ›

SE Asia Stocks-Singapore, Malaysia rise after Trump-Xi trade phone call

Dec 31 (Reuters) – Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging Read more ›