Category: Reuters Business
IRS enforcement agent numbers could drop to lowest levels since 1970s – Reuters
Budget pressures at the Internal Revenue Service’s Criminal Investigation Division are cutting the number of investigators there to the lowest level in four decades, and officials say the changes are […]
NY Fed found serious problems at Deutsche Bank’s U.S. arms: sources
The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG’s DBKGn.DE U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, people close to the matter told Reuters.
BNP pleads guilty again in $9 billion U.S. sanctions accord
BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran.
U.S. agribusiness ADM gobbles up Wild Flavors for $3 billion
U.S. agribusiness Archer Daniels Midland (ADM) (ADM.N) has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavouring and the health-conscious food sectors.
Stock futures tick up ahead of data flurry
U.S. stock index futures ticked up in light volume on Thursday after the S&P 500 and the Dow industrials closed at a record, ahead of a short session on Wall Street that is packed with economic data.
Jobs, cars seen cementing U.S. spring rebound
The United States can firmly consign its weather-beaten start to the year to history this week with June vehicle sales and jobs data expected to show a strong end to the second quarter.
New York Attorney General accuses Barclays of ‘dark pool’ fraud
The New York State’s attorney general has filed a securities fraud lawsuit against Barclays BARC.L, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it claimed to be protecting other customers from such traders.
Futures flat after decline, GDP data awaited
U.S. stock index futures were flat on Wednesday, following a sharp decline in the previous session, as investors looked ahead to a read on GDP expected to show the economy shrank in the first quarter.
Subdued Ifo takes M&A shine off European stocks
European stocks and major currency and bond markets struggled for direction on Tuesday, underpinned by manufacturing data from China, Japan and the United States the previous day but unnerved by growing signs of economic weakness in Europe.
Gloomy French data hits European shares, Iraq keeps oil high
European shares fell on Monday after euro zone business activity data showed growth slowing, with France a notable laggard, in contrast with upbeat numbers from China that lifted Asian shares and the Australian dollar.