Sources are telling Reuters, Deutsche Bank has fired three New York-based currency traders, in the latest sign that a probe over alleged manipulation of foreign exchange markets is gathering steam. According to the source, Diego Moraiz, Robert Wallden and Christopher Fahy were terminated by the bank, which told trading floor staff of the development on Tuesday. The terminations come as authorities around the world, including Britain's Financial Conduct Authority and the U.S.
The man behind the Morphsuit, Gregor Lawson, joins Reuters for the taxi challenge. He explains how his company AFG Media has come to make Â£12 million in sales in just four years by creating fully-body spandex suits, and how Halloween gimmicks attracted a NASA worker.
A Reuters poll showed Thursday, Wall Street's Standard & Poor's 500 .SPX index will hit 2,000 for the first time before the end of 2014, having already set a series of record highs this year on optimism that interest rates will remain low. Last week, U.S. Federal Reserve Chair Janet Yellen said interest rates could be "well below longer-run normal values at the end of 2016." Some of the largest U.S.
Investors can't seem to make up their minds about Japan's Internet giant Softbank. Its shares almost tripled last year, making it the second best performer on the Nikkei. But so far in 2014, they've done even worse than the troubled benchmark. A worse-than-forecast drop in net profit on higher sales costs won't help matters. Plenty of analysts are keeping the faith. Out of 15 tracked by Thomson Reuters, 12 give it a buy or strong buy rating. So why are they believers?
IBT Tech Reporter Ryan W. Neal weighs in on what to expect ahead of Twitter Inc.'s (NYSE: TWTR) earnings scheduled for released after the market closes on Wednesday. Wall Street expects the social media company to report a fourth quarter loss of 2 cents on sales of 218 million, according to analysts polled by Reuters.