Groupon’s shares were hammered after the close as it reported worse-than-expected revenue figures, according to Reuters Breakingviews Columnist Rob Cyran.
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New Barclays chairman David Walker is the right man to find a new CEO for the bank, but top staff should brace for a tough line on pay, says Breakingviews European Banking Columnist George Hay.
Standard Chartered and New York regulators are miles apart on their estimates of any sanctions-busting Iran transactions and that’s likely to prove a key sticking point as the dispute progresses, says Reuters EMEA banking correspondent Steve Slater.
Standard Chartered strongly rejects allegations by New York regulators that it is a “rogue institution” guilty of sanctions-busting transactions with Iran. But in the current climate it’s down to the bank to prove its innocence, says Breakingviews assistant editor Peter Thal Larsen.
Reuters economics reporter Mark Felsenthal says July’s gain of. 163,000 jobs, while helpful, could be a double-edged sword for President Obama.
Reuters Columnist James Saft says the good U.S. jobs report actually slows ECB action on economy. Saft adds, U.S. is not on brink of recession but jobs market is healing really slowly.
Reuters Columnist James Saft says he thought the Fed had released an old FOMC statement when he read the latest release today. The Fed did nothing he notes, which means the ECB will be under pressure.