Thursday, November 27, 2014   

Barclays to cut up to 12,000 jobs
(02-11 18:26)

British bank, Barclays, says it plans to cut between 10,000 and 12,000 jobs this year, including 7,000 in Britain. The cuts came as the bank said it had increased staff bonuses by ten percent last year despite an annual profit fall. Its Chief Executive Antony Jenkins, who has waived his own annual bonus, said that the rises were necessary to maintain the bank's competitiveness. --RTHK   
Other Business breaking news:
Eurozone loans to private sector still contracting: ECB (5 mins ago)
Hang Seng down, Shanghai on three-year high (51 mins ago)
European stocks mixed at open (1 hr 3 mins ago)
German chip-maker Infineon sees growth after solid Q4 (1 hr 8 mins ago)
Nikkei ends lower (2 hrs 34 mins ago)
UK confirms 0.7% growth in Q3 (11-26 18:38)
EU's Juncker proposes US$380 billion investment plan (11-26 17:10)
ADB ready to work with new China-led bank, says president (11-26 16:57)
Samsung sells units and announces share buyback (11-26 16:28)
European stocks up at open (11-26 16:18)

More breaking news >>

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