Wells Fargo is giving 25,000 tellers and other entry level workers a raise at a time when the bank is struggling to overcome a morale problem caused by the fake account fiasco.
Wells Fargo…
World Economy
World-Economy
The advance estimate of 7.1% GDP released by India’s Central Statistical Organization (CSO), will have major errors as it does not include the data for the months after demonetization, domestic…
World-Economy
Pakistan’s cotton ginning industry has announced its opposition to a free-trade deal with India.
World-Economy
Top UK civil servant Sir Richard Packer has revealed the ‘huge’ potential agricultural policy has for Britain following the so-called Brexit vote. In a new report for the UK’s Center for Policy…
World-Economy
US startup Hyperloop One disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test.
The startup company keen to revolutionize the way…
World-Economy
Boeing Co fell 80 planes short of its goal for new orders in 2016, but likely clinched the title of world’s biggest planemaker for another year.
World-Economy
Bitcoin plunged by as much as 12% on Friday after China’s central bank urged investors to take a rational and cautious approach to investing in the digital currency, which is on track for its…
World-Economy
Jaguar Land Rover is buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models, Auto News Europe reports…
World-Economy
The Mexican government says it rejects the use of threats to sway investment by foreign firms. The economy department on Friday said it “rejects any attempt to influence companies’ investment…
World-Economy
Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and…
World-Economy
Verizon’s proposed purchase of Yahoo, marred by news of breaches of Yahoo users’ accounts, is likely to go through despite the rumored discount Verizon may receive, AOL CEO Tim Armstrong told CNBC…
World-Economy
As Snapchat is gearing up for its initial public offering, a former employee of the company is alleging it has been misleading its investors in order to drive up its value, according to a report…
World-Economy
A South Korean court on Friday sentenced an executive of Volkswagen’s local unit to one year and six months in prison for fabricating documents on emissions and noise-level tests to achieve…
World-Economy
Euro-area economic confidence jumped to the highest since 2011 at the end of last year after the European Central Bank extended its stimulus and the recovery in the 19-nation region showed further…
World-Economy
Australia’s economy is likely to stay upbeat after the country on Friday reported a surprise A$1.243 billion ($912 billion) trade surplus in November—the first in almost three years—as bulk…
World-Economy
Jamie Oliver has confirmed plans to close six Jamie’s Italian restaurants, with the Brexit vote taking some of the blame.
His company announced that outlets in Aberdeen, Cheltenham, Exeter…
World-Economy
Consumer credit lender International Personal Finance said on January 6 it would appeal against a decision by the Polish tax authority relating to the accounts of its Polish business, Provident…
World-Economy
Britain will not be able to buy access to the single market following its exit from the EU (otherwise known as Brexit), a former top UK official at the European Commission warned, casting doubt on…
World-Economy
Toyota Motor Corp. is a "good corporate citizen" and intends to work with president-elect Donald Trump to help make America strong, the Japanese automaker's president, Akio Toyoda, says.
World-Economy
Hong Kong shares extended gains to end firmer on Friday, scoring its best week in three months, as capital outflow worries eased after the US dollar took a breather from its pre Trump inauguration…
World-Economy
Weak demand both at home and abroad drove a bigger-than-expected fall in German industrial orders in November, marking a slight correction after a surge in the prior month, data showed on Friday,…
World-Economy
Seoul-based LG estimated on Friday it fell to its first quarterly operating loss in six years in October-December. The world’s second-biggest television maker behind Samsung said it likely swung…
World-Economy
China will intensify efforts in 2017 to crack down on foreign exchange irregularities, such as underground banking, the foreign exchange regulator said on Friday. It will also fend off cross-…
World-Economy
Samsung is forecasting profit for its current Q4 2016 quarter to jump by 50% year-on-year. Samsung is estimating an operating profit of 9.2 trillion Korean won ($7.75 billion) on sales of 53…
World-Economy
Big US banks are set on getting Congress this year to loosen or eliminate the Volcker rule against using depositors' funds for speculative bets on the bank's own account, a test case of whether…
World-Economy
