Deloitte hit with record 15 million pound fine for Autonomy audit

Stock Markets6 minutes ago (Sep 17, 2020 05:05AM ET) (C) Reuters. Offices of Deloitte are seen in London By Huw Jones LONDON (Reuters) – Britain’s accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds ($19.4 million) for its audit of software firm Autonomy that contained “serious and serial failures”. Deloitte, […]

Global economic recovery may take five years, World Bank chief economist says

Economic Indicators10 minutes ago (Sep 17, 2020 05:00AM ET) 2/2 (C) Reuters. Outbreak of the coronavirus disease (COVID-19) near Frankfurt 2/2 MADRID (Reuters) – The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said on Thursday. “There will […]

EU’s Barnier still hopes trade deal with Britain possible: sources

Economic Indicators15 minutes ago (Sep 17, 2020 04:55AM ET) (C) Reuters. European Parliament plenary session State of the Union in Brussels BRUSSELS (Reuters) – The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still hoped a trade deal with Britain was possible, stressing that the coming days would be […]

Boost Your Retirement Savings, No Matter Your Age, With This ETF

In many countries, individuals are increasingly taking on responsibility for securing their own financial well-being in their retirement years. Saving and investing wisely while working makes it possible to fully enjoy the golden years. Today, we will look at exchange-traded funds (ETFs) that can help readers at different life stages to invest for retirement. Making […]

Commerzbank board member to exit, continuing management upheaval

Stock Markets21 minutes ago (Sep 17, 2020 04:50AM ET) (C) Reuters. Commerzbank AG annual results news conference in Frankfurt FRANKFURT (Reuters) – Commerzbank’s (DE:CBKG) management shake-up continued on Thursday with an announcement that the board member responsible for private clients, Michael Mandel, would leave the German lender. The partly state-owned bank, which has been targeted […]

UK workers slowly move off furlough programme: statistics office

Sign In/Free Sign Up 0 Economic Indicators26 minutes ago (Sep 17, 2020 04:45AM ET) (C) Reuters. Morning rush hour in London LONDON (Reuters) – Ten percent of Britain’s workforce remained on furlough between Aug. 24 and Sept. 6, edging down from 11% in the previous two-week period, according to a survey […]

ECB Offers Banks More Capital Relief to Cope With Pandemic

Forex53 minutes ago (Sep 17, 2020 04:18AM ET) (C) Reuters. ECB Offers Banks More Capital Relief to Cope With Pandemic (Bloomberg) — The European Central Bank offered lenders another round of capital relief to help them maintain the flow of credit to the virus-struck economy. Banks will be allowed to exclude coins, banknotes and deposits […]

Republicans Are Divided Again on Stimulus, This Time by Trump

(C) Reuters. Republicans Are Divided Again on Stimulus, This Time by Trump (Bloomberg) — Less than a week after Senate Republicans united behind a slimmed-down fiscal stimulus package, President Donald Trump renewed divisions in the party over how much Covid-19 relief the U.S. economy needs. Trump urged the GOP in a tweet Wednesday to “Go […]

European Stocks Weaken Post Fed; BOE in Focus

Stock Markets1 hour ago (Sep 17, 2020 03:57AM ET) (C) Reuters. By Peter Nurse – European stock markets weakened Thursday, following the U.S. Federal Reserve’s decision not to provide additional stimulus at its latest meeting. At 4 AM ET (0800 GMT), the DAX in Germany traded 1.1% lower, the CAC 40 in France fell […]

Australia’s jobless rate slips, but youth face tough times

(C) Reuters. FILE PHOTO: An international student from India works as an Uber Eats bicycle courier in Sydney By Swati Pandey SYDNEY (Reuters) – Australia’s jobless rate unexpectedly slipped from a 22-year high in August as employment surged past expectations helped by part-time work, but the economic toll from the pandemic has hit young job […]