Tuesday 9 February 2016
 
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Barclays

Barclays cuts 150 jobs in Dubai

Barclays is cutting nearly 150 people from its corporate banking unit in Dubai as part of a restructuring of the business in the Gulf emirate, a source familiar with the matter said on Wednesday. The bank will close its office in

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Russia and Opec cut: false hopes

The talk of an Opec cut is likely no more than an attempt to shift market sentiment, according to an expert, who remains skeptical about a change in the physical market imbalance.   Michael Cohen, head of Energy

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Barclays to slash about 1,000 jobs worldwide

Barclays will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia as new chief executive Jes Staley wields the axe in a bid to reduce costs and boost returns. The harsher-than-expected

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Oil prices could average $37 in 2016 says report

Brent and WTI prices will hover around $37/barrel this year, though the prices could move slightly higher in the second half of the year with WTI at a premium to Brent, says a commodities research published by Barclays. The oil market i

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Focus on equities underlined for 2016

Portfolios should continue to focus more on equities and away from the overpriced bond market as the current economic climate will remain unchanged during the first quarter (Q1) of 2016, an industry expert said. Vic Malik, head of

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Barclays named ‘Best Foreign Investment Bank’ in ME

Barclays has won the ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance at the Middle East Banking Awards.   The award recognised Barclays’ leading position as a top player in mer

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Barclays opens new offshore branch

Barclays has launched its new offshore banking proposition at the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority.   Commenting on the launch, Andrew Mortimer,

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Banks in $1.8bn deal to resolve price-fixing claim

Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and restrain competition in the roughly $16 trillion market for credit default swaps, a lawyer for the investors said on Fri

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Better value seen for developed markets equities

Equities are likely to provide a greater reward than bonds in the immediate future, said an industry expert,  highlighting an ‘overweight’ in developed markets equities with a strong ‘underweight’ in high yield and e

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Barclays to cut more than 30,000 jobs

Barclays plans to cut more than 30,000 jobs within two years after firing chief executive Antony Jenkins this month, The Times reported on Sunday. This redundancy program, which could reduce the bank's global workforce below 1

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