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Reuters Select Headlines

Reuters Select: Barclays tries to whistle a new tune

Barclays chief executive Jes Staley's attempts to unmask a whistleblower will be a test case for a regime put in place last year that aims to hold bank bosses to account if they fail to defend reinforced standards. At stake is not just the image of a bank whose chief promised to reform its aggressive culture but also the efficacy of the fledgling Senior Managers Regime, which aims, among other things, to protect those who risk their jobs bringing wrongdoing to light. Reuters' Lawrence White and

Reuters Select: Too much corn, too much wheat

World stockpiles of corn and wheat are at record highs. From Iowa to China, years of bumper crops and low prices have overwhelmed storage capacity for basic foodstuffs. Global stocks of corn, wheat, rice and soybeans combined will hit a record number of 671.1 million tonnes going into the next harvest. That number is enough to cover demand from China for about a year. Reuters' P.J. Huffstutter and Karl Plume report on the phenomenon, including an interview with an Iowa farmer who would rather le

Reuters Select: ‘Best banker in America’ blamed for Wells Fargo scandal

An out-of-control sales culture, a defensive boss obsessed with stamping out negative views about her division and a group chief executive who called her the "the best banker in America" were to blame for Wells Fargo’s devastating sales scandal, an internal investigation found. In the report, carried out by the bank's chairman Stephan Sanger and three other independent directors, Carrie Tolstedt is blamed for ignoring the systemic nature of the problem which was pinned instead on individual wron

Reuters Select: Greece’s dark age

Greece's dark age: how austerity turned off the lightsDeepening poverty in Greece following seven years of austerity that was demanded by the country's international creditors is causing many families to owe so much to the country’s power utilities that they cannot use electricity in their homes. The state-controlled Public Power Corporation has 2.6 billion euros ($2.8 billion) in unpaid bills. People in poor neighborhoods are also increasingly turning to energy fraud, meaning that the problem f

Reuters Select: Oil stays firm

Caution prevailed across major markets on Wednesday before a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping this week, although metals and oil prices firmed on hope of better global demand.

Reuters Select: Trump helps make cross-border M&A great again

Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over President Donald Trump's economic agenda buoyed the stock market and the dollar, making foreign acquisitions cheaper than some U.S. targets. Many U.S. CEOs are feeling richer and more confident thanks to a rally in their companies' stock, yet U.S. acquisition targets often feel they are worth a lot too, while uncertainty over Trump's tax policies makes planning a deal more dif