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Dollar revs up for jobs data, euro bonds rally on ECB

LONDON (Reuters) – The dollar hit a new 11-year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a … Continue reading

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Tougher test awaits Deutsche Bank after clearing first Fed check

FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) AG has passed the first “stress test” set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the … Continue reading

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Iran would sell more oil if Western sanctions lifted: Mehr agency

ANKARA (Reuters) – Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday. … Continue reading

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Apple lets companies fine-tune apps before watch debut: Bloomberg

(Reuters) – Apple Inc (AAPL.O) has allowed some companies to test their apps on its yet-to-be-launched Apple Watch and adjust the tools to the watch’s design, Bloomberg reported. Facebook Inc (FB.O), United Continental Holdings Inc (UAL.N), BMW AG (BMWG.DE) and … Continue reading

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Exclusive: Commerzbank nears $1.4 billion-plus settlement with U.S.

NEW YORK (Reuters) – Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp (7733.T) accounting scandal, according … Continue reading

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For the ‘unbanked’, mobile money still has some way to go

(Reuters) – Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and … Continue reading

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Oil falls in volatile trade on supply worries, dollar and Iran

NEW YORK (Reuters) – Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Libya’s declaration of force majeure … Continue reading

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Wall Street closes up slightly ahead of jobs report

NEW YORK (Reuters) – U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday’s jobs report, which is expected to be a big factor in influencing the timing of a … Continue reading

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Target to cut thousands of jobs as seeks to cut costs by $2 billion

(This March 4 story corrects job cuts at corporate locations to 16,000 from 26,000, in fifth paragraph) (Reuters) – U.S. retailer Target Corp (TGT.N), which has been battling back after a massive data breach and sluggish performance, on Tuesday said … Continue reading

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Asia stocks slip, euro hits 11-year low before ECB

TOKYO (Reuters) – Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday’s closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank’s … Continue reading

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