AMSTERDAM (Reuters) - Dutch bank ABN Amro said on Monday it would cut almost 3,000 jobs by 2024 as it retreats to the Netherlands and limits its international exposure to northwest Europe. ABN, one of the three dominant lenders in the Netherlands, said it would cut 15% of its current staff of about 19,000 by 2024, as it seeks to bring down...
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By Daniel Leussink TOKYO (Reuters) - Japan's industrial output rose for the fifth straight month in October, fuelled by stronger machinery and car production, suggesting the economic is recovering further from the damage caused by the COVID-19 crisis. The world's third-largest economy rebounded sharply in the third quarter from a pandemic-induced slump, thanks to a record surge in private consumption and stronger...
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LONDON (Reuters) - Mike Ashley's Frasers Group confirmed on Monday it had offered 50 million pounds of emergency funding to Philip Green's Arcadia fashion group, which is on the brink of falling into administration. Frasers said it was awaiting a substantive response. "Should the company and the Arcadia Group's efforts to agree an...
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LONDON (Reuters) - LLoyds Banking Group said on Monday that Charlie Nunn, currently head of wealth and personal banking at HSBC, is to be its next Chief Executive. Nunn will replace Antonio Horta-Osorio who said in July that he would step down next year once a successor was appointed. ...
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(Reuters) - London shares fell on Monday as fears of a no-deal Brexit as well as the economic damage from the COVID-19 pandemic knocked back sentiment at the end of the best month for the FTSE 100 in more than three decades. The blue-chip FTSE 100 was down 0.4% by 0804 GMT following a rally of more than 13% this month that...
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By Melanie Burton and Helen Reid MELBOURNE/JOHANNESBERG (Reuters) - Rio Tinto (LON:RIO) will look to a handful of external candidates in a narrowing field for its new chief executive, as the miner tries to win back investors dismayed by the blasting of an ancient Australian rock shelter, bankers and investors say. The top priority for a new CEO will be...
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MADRID (Reuters) - A British woman who has spent six years travelling around Europe with her partner has gone missing in the Pyrenees on the border between Spain and France, French police said on Sunday. Esther Dingley, 37, has not been heard of since she spoke to her partner Daniel Colegate on Nov. 22. She went missing after travelling in the...
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BERLIN (Reuters) - German banks have sufficient capital buffers to weather the COVID-19 crisis but should prepare for a rise in insolvencies and refrain from paying out dividends for now, Bundesbank Vice President Claudia Buch said in a newspaper interview published on Sunday. The German government has temporarily waived an obligation to file for insolvency to avoid a wave of corporate bankruptcies...
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MILAN (Reuters) - European Union budget rules need to be more consistent with expected higher levels of sovereign debt, the bloc's economics commissioner said, but dismissed calls to cancel debt amassed during the coronavirus crisis. The idea of debt cancellation has been raised by Italy's co-ruling 5-Star Movement, backing a proposal by EU Parliament President David Sassoli. "In Europe debts cannot be...
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LONDON (Reuters) - Britain reported 12,155 new cases of coronavirus on Sunday and 215 new deaths within 28 days of positive COVID-19 test, government data showed. Both measures are down from Saturday, when there were 15,871 new cases and 479 deaths. ...
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