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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 ›

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 ›

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 ›

Nigeria’s Buhari launches re-election bid with corruption still in focus

ABUJA, Nov 18 (Reuters) – Nigerian President Muhammadu Buhari launched his manifesto on Sunday, hoping his anti-corruption agenda can win him a second term at a Feb. 16 election. Buhari, a military ruler in the early 1980s, in 2015 became Read more ›

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

(Reuters) – Wells Fargo & Co (WFC.N) is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday citing people familiar with the matter. FILE PHOTO: The sign at a Wells Read more ›

Brexit bill could go up as new data show rise in EU budget liabilities

BRUSSELS (Reuters) – Britain may be required to channel more money than expected into the European Union budget after it leaves the bloc because EU liabilities are going up driven by higher pension costs and financial guarantees, EU data released Read more ›

U.S. office vacancy rate remains flat in third quarter – Reis

(Reuters) – U.S. office vacancy rate was unchanged at 16.6 percent in the third quarter, according to real estate research firm Reis Inc (REIS.O). FILE PHOTO: A worker repositions himself as he repairs a window at an office tower in Read more ›

Britain to probe £4.1 billion ‘rip-off’ of telecoms, financial customers

LONDON (Reuters) – Telecoms and financial services companies face an investigation by Britain’s competition regulator after consumer body Citizens Advice complained that customers who do not switch providers were being “ripped off” . A businessman talks on his mobile phone Read more ›