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Exclusive - HSBC cutting around 100 senior banking jobs globally: sources


LONDON HSBC has begun cutting around 100 senior jobs in its investment banking division worldwide this week, according to sources with direct knowledge of the matter.


Nissan to review UK investment stance once Brexit terms clear 1:40pm GMT

DAVOS, Switzerland Nissan will review the case for future investment in Britain when the terms of the country's departure from the European Union finally become clear, the Japanese carmaker's Chief Executive Carlos Ghosn said on Friday.


U.S. bankers tell Europeans to think positively on Trump 1:38pm GMT

DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump.


Germany says IMF plans to stay involved in Greece bailout talks 1:04pm GMT

BERLIN The International Monetary Fund's chief has reassured German Finance Minister Wolfgang Schaeuble that the IMF plans to remain constructively engaged in talks about further aid for Greece, a spokesman for Schaeuble said on Friday.


UK retail sales dive as inflation weighs, jolting sterling 12:52pm GMT

LONDON British retail sales suffered their biggest slump in more than four years in December, denting what had been a promising fourth quarter and rattling sterling as more signs emerged of a pick-up in inflation since June's Brexit vote.


Elections don't cloud improving euro zone outlook - ECB's Villeroy 12:11pm GMT

PARIS A series of elections in major European countries this year like France and Germany will not derail the improving euro zone economic outlook, ECB governing council member Francois Villeroy de Galhau said in a Bloomberg television interview on Friday.


BlackRock CEO says Trump economic policies may be "loud, noisy and strong" 11:28am GMT

DAVOS, Switzerland Talks with members of the incoming Donald Trump administration suggest their economic policies will be "loud, noisy and strong" the head of BlackRock, the world's largest money manager, said on Friday.


Steady ECB caps Yellen-driven rise in euro zone bond yields 11:23am GMT

LONDON Euro zone bond yields pulled back from one-month highs on Thursday after the ECB played down a pick up in inflation, highlighting a divergence with the U.S. Federal Reserve after Fed chief Janet Yellen signalled a path of steady rate rises.

Lagarde warns of 'race to bottom' on trade, regulation, taxes 11:20am GMT

DAVOS, Switzerland The head of the International Monetary Fund said on Friday that one of the biggest risks to the global economy in 2017 was "a race to the bottom" on taxes, regulations and trade, in an indirect reference to the policy plans of the incoming U.S. administration.


IMF warns wave of U.S. protectionism would offset any stimulus gains 10:30am GMT

DAVOS, Switzerland Protectionist policies from the new U.S. administration of President Donald Trump will probably have a negative impact on the economy, overshadowing any positive gains from economic stimulus measures, the head of the IMF said on Friday.

Germany legalises cannabis for medicinal purposes

BERLIN Germany's lower house of parliament on Thursday passed a law that legalises the use of cannabis for medicinal purposes for people who are chronically ill.

Sanofi's M&A misses frustrate some investors in drugmaker

PARIS/DAVOS, Switzerland For the last year, Sanofi's chief executive has made clear his quest for deals to help revive the fortunes of France's biggest drugmaker.

Italy prosecutor asks for jail sentences for five S&P managers

TRANI, Italy An Italian prosecutor has asked for five managers at ratings agency Standard & Poor's to be jailed for up to three years in a probe over alleged market manipulation, a court heard on Friday.

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