(Reuters) – Morgan Stanley (MS.N) is cutting about 2% of its workforce globally due to an uncertain global economic outlook, according to a source familiar with the matter. Most of the employees impacted by the job cuts, which hit businesses across the bank, have been informed. Spared from the job cuts are financial advisers in […]

(Reuters) – Morgan Stanley (MS.N) is cutting about 2% of its workforce globally due to an uncertain global economic outlook, according to a source familiar with the matter. Most of the employees impacted by the job cuts, which hit businesses across the bank, have been informed. Spared from the job cuts are financial advisers in […]

DUBAI (Reuters) – Saudi Arabia’s finance minister on Monday said that reinvesting money from the initial public offering (IPO) of oil group Saudi Aramco would help to create more revenue channels for the government. Speaking after the release of the 1.02 trillion riyals($272.00 billion) 2020 budget, Mohammed al-Jadaan said the budget’s revenue expectations were conservative […]

(Reuters) – The S&P 500 and Nasdaq indexes edged higher on Monday, with investors keeping a close watch on headlines around U.S.-China trade as planned tariffs on Chinese imports kick in on Dec. 15. Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating tariff disputes but they continue to wrangle over […]

(Reuters) – Xerox Holdings Corp (XRX.N) expects its proposed acquisition of personal computer company HP Inc (HPQ.N) to result in sales growth of as much as $1.5 billion for the combined company, according to a presentation by the printer maker. The presentation, addressed to HP shareholders, comes two weeks after Xerox said it was planning […]

(Reuters) – U.S. consumers’ inflation expectations rose slightly in November, bringing the outlook for near and medium-term inflation up from a five-year low in a New York Federal Reserve survey, potentially offering relief to policymakers worried about sagging inflation. The median outlook for what inflation will be over the next three years rose by 0.1 […]

(Reuters) – Electric air taxis — known colloquially, if somewhat misleadingly, as “flying cars” — could draw millions of investor dollars away from ground-based transportation start-up firms in 2020, according to a study released on Monday. The still-young electric air taxi business “has the potential to significantly disrupt the landscape of urban mobility,” but still […]

Investors are modestly more confident thanks to a ‘Brexit bounce’, according to Bank of Ireland’s latest test of sentiment. Its quarterly Investment Index, published today and based on a survey of 1,000 consumers by Ipsos MRBI, rose for the first time since the March report. It found that 35pc were “investing regularly” for the third […]

WASHINGTON (Reuters) – Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond. But here’s […]

The Supermac’s network of motorway plazas last year contributed to the group enjoying record profits and revenues. That is according to MD of Supermac’s, Pat McDonagh, who was commenting yesterday on new accounts showing that pre-tax profits at Supermac’s (Holdings) Ltd last year increased by 8pc to €23.7m, after a surge in revenues. The group […]