European banking bosses are getting paid a lot less than their American counterparts

Chief executives at European banks are getting a rough deal compared to their American counterparts, according to new research published in the Financial Times. The research, by PriceWaterhouseCooper and commissioned by the FT, shows that on average, chief executives in major American banks earn more than twice than those in charge of European banks. In [&hellip

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Oil prices drop after U.S. inventories rise

Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said that U.S. output had been surprisingly resilient in the face of lower prices. Benchmark U.S. crude futures slipped to a two-week low at $43.55 a barrel in early trading before trimming losses to trade down 59 [&hellip

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Bank of America CEO Brian Moynihan cannot wait for the Fed to hike rates

Bank of America CEO Brian Moynihan is looking forward to December. He’s not necessarily expecting an extravagant gift. But, if Federal Reserve Board of Governors Chairwoman Janet Yellen is making a list, what he wants is a rate hike. In an interview with Bloomberg Television’s David Westin on Tuesday November 10, Moynihan was asked what [&hellip

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Experian says receives class actions related to T-Mobile breach

Experian Plc, the world’s biggest credit data company, said it had received a number of class actions related to the theft of T-Mobile US Inc customer data at one of its servers. The company said it was working with the U.S. and international law enforcement agencies to investigate the matter. Experian said the breach at [&hellip

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China says no tough rules for foreign bank card firms

Source photo China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country’s $7 trillion card payment market, a senior central bank official said on Tuesday. Industry sources told Reuters in October that they were concerned the Chinese government would limit the number of licenses issued to foreign card [&hellip

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Oil will not reach $80 per barrel until 2020

Oil prices are over 50% lower than they were last summer – and it’s going to stay that way until the end of the decade. Fatih Birol, the executive director of the International Energy Agency told the Financial Times that a perfect storm will keep prices low until 2020 – low demand and bountiful supply. [&hellip

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There’s one thing that everyone is getting wrong about the war between Walmart and Amazon

A lot of people are betting against Walmart right now. The retailer’s stock price recently suffered its biggest one-day drop in 25 years after executives warned that annual growth over the next three years would range between 3% and 4% and profit would decline by up to 12% in 2017. Shares have dropped by more [&hellip

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Researchers find security holes in SAP business software

Source photo Security researchers have found nearly two dozen vulnerabilities in the widely used German business software SAP that could give attackers control of company financials, resource management and other operations. Boston-based Onapsis, a security company that tests for holes in SAP and Oracle enterprise software and reports them to the companies so they can [&hellip

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Oil prices rise, but China trade data casts a shadow

Source photo Oil prices edged up marginally in early Asia trade Monday as data indicate China’s appetite for crude oil remains strong, but the sharp drop in overall imports is fuelling worries that slowing demand by the world’s second-biggest economy is unlikely to reverse anytime soon. On Sunday, China’s General Administration of Customs said in [&hellip

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Dollar trades atop ¥123 in wake of U.S. jobs report

Source photo The dollar stabilized on Monday in spot foreign-exchange trading in Asia, after stronger-than-expected U.S. jobs data on Friday boosted the currency sharply higher on expectations of a rate increase from the U.S. Federal Reserve in December. Yet foreign-exchange market participants are looking beyond the possible rate increase at the December meeting, and starting [&hellip

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