08 December

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Etsy Hits Record as a Wall Street Favorite

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By Christiana Sciaudone Investing.com -- Etsy (NASDAQ:ETSY) hit a record, rallying as Jefferies (NYSE:JEF) calls it a “primary beneficiary of home nesting.” Shares are up some 5% after analyst John Colantuoni reiterated a buy and $168 price target on the stock, according to StreetInsider. The stock has 11 buy ratings and a single sell, according to data compiled by Investing.com. “While most e-commerce...

08 December

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Barclays names 84 new MDs; women constitute about 27%

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(Reuters) - Barclays (LON:BARC) Plc on Tuesday promoted 84 employees to the role of managing directors in corporate and investment banking, of which about 27% were women. The bank said the appointments will be effective Jan. 1. Last month, Goldman Sachs Group Inc (NYSE:GS) invited 60 executives to become partners as of Jan. 1, with women making...

08 December

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Northern Ireland business welcomes protocol agreement, desperate for detail

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By Padraic Halpin DUBLIN (Reuters) - Northern Ireland business groups welcomed agreement on Tuesday between Britain and the European Union on managing the Irish border post-Brexit, but said they urgently need details of how the new trading arrangements will work. The Northern Ireland Protocol - agreed as part of last year's divorce accord...

08 December

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U.S. SEC orders UK’s BlueCrest to pay $170 million to harmed investors

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By Katanga Johnson WASHINGTON (Reuters) - The U.S. securities regulator said on Tuesday that UK-based investment advisor BlueCrest Capital Management Ltd had agreed to pay $170 million to settle charges that it allegedly misled investors over the existence of a proprietary hedge fund created to invest staff capital. The Securities and Exchange Commission (SEC) alleged that in 2011 BlueCrest created the...

08 December

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McConnell, White House to Talk Stimulus; Bipartisan Effort Slows

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(Bloomberg) -- Republican congressional leaders plan to talk with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows Tuesday about Covid-19 relief, as a separate bipartisan initiative confronts the same hurdles that held up previous negotiations. Senate Majority Leader Mitch McConnell, who has not yet endorsed a $908 billion proposed compromise...

08 December

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Toll Brothers Slides As Forecast Shows Housing Slowdown

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By Christiana Sciaudone Investing.com -- Has the housing boom petered out? Toll Brothers (NYSE:TOL) is down 8% after announcing disappointing first quarter delivery and gross margin guidance, BTIG said. With higher than expected deliveries, the homebuilder reported earnings per share of $1.55, beating the average estimate of $1.23 on sales of $2.55 billion, versus the expected $2.07 billion for...

08 December

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Night trains crossing borders: Europe’s new sleepers

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BERLIN (Reuters) - Four European national railway companies promised new sleepers linking 13 major cities on Tuesday in the largest extension of Europe's night network in many years. The 500 million-euro ($605 million) investment announced by the state railways of Germany, Austria, France and Switzerland comes a year after the German government declared...

08 December

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Testing times: More work needed on Astra/Oxford vaccine trials

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By Kate Kelland LONDON (Reuters) - AstraZeneca and Oxford University have more work to do to confirm whether their COVID-19 vaccine can be 90% effective, peer-reviewed data published in The Lancet showed on Tuesday, potentially slowing its eventual rollout in the fight against the pandemic. Once seen as the frontrunner in the development of a vaccine against the coronavirus crisis, the British...

08 December

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Study calls for streamlining of global data protection rules

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By Huw Jones LONDON (Reuters) - Personal data can be properly protected without forcing banks to build storage servers in every country they serve, which bumps up costs for customers and dents growth, a financial think tank said in a study on Tuesday. The London-based International Regulatory Strategy Group (IRSG) said data can be sufficiently protected without "localisation" - the requirement to...

08 December

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Banks face scrutiny if they fail to ditch Libor, says regulator

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LONDON (Reuters) - Banks that fail to meet targets next year for ending the use of Libor interest rates will face tougher scrutiny, Britain's Financial Conduct Authority (FCA) said on Tuesday. "In the UK at least, supervisors are tracking progress against those targets," Edwin Schooling Latter, the FCA's head of markets policy, told an event held by Risk.net. "If we get...

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Etsy Hits Record as a Wall Street Favorite

Barclays names 84 new MDs; women constitute about 27%

Northern Ireland business welcomes protocol agreement, desperate for detail

U.S. SEC orders UK’s BlueCrest to pay $170 million to harmed investors

McConnell, White House to Talk Stimulus; Bipartisan Effort Slows

Toll Brothers Slides As Forecast Shows Housing Slowdown

Night trains crossing borders: Europe’s new sleepers

Testing times: More work needed on Astra/Oxford vaccine trials

Study calls for streamlining of global data protection rules

Banks face scrutiny if they fail to ditch Libor, says regulator

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