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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 ›

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 ›

Korean Air to raise refund fees after K-pop fans get the picture, get off

Korean Air Lines Co Ltd said on Tuesday it will raise refund penalties after K-pop fans got on a plane only to take pictures of a boy band on the flight, then demanded to get off before it departed and Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

Investors revolt against executive pay plans at tarnished Australian banks

SYDNEY (Reuters) – Shareholders voted against the executive remuneration plans of two of Australia’s biggest banks on Wednesday following misconduct revelations that have swept through the country’s financial sector. A man walks past ATM machines at a National Australia Bank Read more ›

Britain to force broadband providers to tell customers their best deals

LONDON (Reuters) – Broadband providers in Britain will have to tell customers about their best deals under planned new rules from telecoms regulator Ofcom aimed at tackling a ‘loyalty penalty’ that makes it difficult for long-standing customers to get the Read more ›

Trump intervention comment may be gift to Huawei CFO

VANCOUVER/HONG KONG (Reuters) – Huawei executive Meng Wanzhou, released on bail on Tuesday to await a ruling on U.S. extradition at one of her luxury Vancouver homes, may have received welcome ammunition in court from an unlikely source – President Read more ›

China’s WuXi AppTec raises $1 billion in HK listing: sources

HONG KONG (Reuters) – Chinese medical tech platform WuXi AppTec (603259.SS) raised $1.01 billion in its Hong Kong listing, sources told Reuters on Friday, making it one of this year’s last big deals in the Asian financial hub to end Read more ›