Barclays CEO Staley on Trading Revenue, Market Share, Volatility

Jul.29 — Jes Staley, chief executive officer of Barclays Plc, discusses recent volatility in financial markets, investment banking market share, and efforts to improve diversity. He speaks on “Bloomberg Markets: European Open” after the London-based bank’s securities division reported a 60% gain in foreign-exchange, rates and credit trading revenue as the aftermath of the coronavirus … Read more Barclays CEO Staley on Trading Revenue, Market Share, Volatility

China’s Heavy Flooding Hits Shop Owners

Heavy flooding in areas along China’s Yangtze River has forced millions of people to leave their homes. Wanzhou, a city near Chongqing in southern China, is one of the places hard-hit by this summer’s heavy flooding. A lot of the shops were flooded and their products were destroyed in the city. Chen, a shop owner … Read more China’s Heavy Flooding Hits Shop Owners

U.S. execs score bonuses just before bankruptcy

As companies such as J.C. Penney prepared to file for bankruptcy during the coronavirus pandemic, their executives scored millions in bonuses sometimes weeks or even days before filing their cases. That’s according to a Reuters analysis of securities filings and court records. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video … Read more U.S. execs score bonuses just before bankruptcy

China Returns to Growth; Not Out of the Woods Yet, BofA Says

Jul.15 — The Chinese economy returned to growth in the second quarter, with gross domestic product expanding 3.2%, beating economists’ estimates. Helen Qiao, chief Greater China economist at Bank of America Securities, discusses what the figures say about the outlook for the world’s second-largest economy. She speaks with Haslinda Amin and Yvonne Man on “Bloomberg Markets: Asia.”

Oil Will Stay Near $50 for Most of 2021, Says Blanch

Jul.14 — Francisco Blanch, head of global commodities and derivatives research at Bank of America Securities, discusses how Covid-19 is quickly closing the economic gap between the United States and China, demand recovery in gasoline and jet fuel, and his outlook for OPEC oil production. He speaks on “Bloomberg Markets: European Close.”