LONDON—Barclays PLC reported weak first-quarter earnings in its investment bank, days before shareholders are due to vote on a board appointment for an activist investor who wants to shrink the unit.
The British lender said net profit in its corporate and investment bank fell 30% from the first-quarter 2018 to £582 million from £834 million, because of reduced client activity, lower volatility and fewer corporate deals. The bank’s overall net profit in the quarter was £1.04 billion, up from a £764 million net...
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Barclays says there will be no job cuts, even as insiders brace for the worst and an activist ratchets up pressure to gut the investment bankSenior Barclays staff have been bracing for staff and bonus reductions following the departure of key investment banking bosses.
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Uber's self-driving unit secures $1-billion investment ahead of IPODenso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, which will help Uber fund a very costly endeavor. The whole point of 'uber' is that it's part of the on demand gig economy. If robots are doing it, then I won't use the service. Not that I trust people more but these folks aren't driving cause they like the smell of fumes and sitting in traffic.
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Stocks struggle for altitude as investors parse Boeing, Caterpillar earningsStocks on Wednesday trade mixed, a day after the S&P 500 and Nasdaq carved out their first records in months, underscoring a rebound for stocks since an...
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Egypt’s economy thrills investors, but locals are strugglingThe government’s reforms are causing pain at home Egypt has had 2 things s right 1-managed to provide a stable govt ( autocratic but stable) 2- depegged the Egyptian Pound to the dollar and it's economy is showing upswing......will improve significantly in next 5 years if stability continues👍 lets guess,,it hasn't trickled down,,does it ever ,now ,anywhere.
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