Further support. A final deadline of sunday to prepare a new package of reforms as the block is prepared for a grexit. Microsoft is taking an ax to its work force again. The fresh layoffs will impact the hardware and smartphone business it acquired from nokia last year. In a surprise move barclays announced the departure of Anthony Jenkins. The search for a new ceo takes place. He said we are leaving value on the table and a new approach is required. He added that independent executives had concerned about jenkins leadership style for sometime. Shares under his tenure out performed all over u. K. Banks climbing 51 during that period. In the early years stock gains were boosted by the decision to side step government have since declined. Heres a few reasons why. In may 2014 a result of a Strategic Review lead to the bank cutting 9,000 job. In june 2014 the new York Attorney general opened a dark pools probe and in 2014 they were fined 2. 4 million for forex rigging. The change at the to
New york is closed for business in the aftermath of super storm sandy, which left at least 30 people dead. Damages are likely to surpass those of last years hurricane irene. Sandy has move left much flooding in its wake, paralyzing new yorks Mass Transit System and leaving millions in the dark sandy has left much flooding in its wake. Here is more from americas most populous city. The storm has moved on, but the water remains. Many of the citys road and subway tunnels are still flooded. Public transport will be out of action for days to come. The effects of sandy can be seen on the streets residents are relieved that the worst is now behind them. Well, last night, we could look down this street here, and we saw the river coming toward us. It actually look like something out of a movie. It was unbelievable. Near central park, a crane dangles from a construction site over the street below. The storm caused it to partially collapsed. There are still strong winds, but nothing like those of
Cofounder and group ceo. Everybody has a big chance to go digital, but people need to change, three liters driving alibaba the global disruptor. It was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted the answer. Senior executives were quarantined and that gave birth best platform which growth ebay out of china and led to the single day shopping extravaganza and the launch of many new businesses. Much like bloomberg set up for the interviews, the rise of alibaba has been no small feat. More demanding. Eight next step me be even the sars, theres a lot of things we can learn, but today the things we are doing, there nothing we can learn from. Because we think, are the leader of this industry thatu the things you driving on the value of the mission. Theres not a textbook you can read. Ill anyone could have imagined the kind of scale we reach today, but i think we are very lucky to have participated i
I am nejra cehic. We delve into regulatory challenges and opportunities around the globe. From mifid ii to doddfrank, we will speak to those reacting to a new generation of rules. Lets get straight to mifid. Take a listen. Mifid ii is disrupting the world of investment research. In the past, this has been offered as a free service. From january 3, that research will have to be paid for separately. Why . Eu lawmakers wanted to curb conflicts of interest that could leave investors facing opaque costs. Under the new rules investment firms will have to demonstrate they are getting the best execution for their clients when they trade. Regulators hope this will lead to more transparency and competition. Analysts are rushing to prove their worth, and investors are growing increasingly selective about what they will pay for. Then there are the regulatory conflicts, along with who pays. Some buy side firms are planning to pay for research out of their own profits, while others pass costs on to
The low rate environment. Welcome to Bloomberg Markets rules returns. I am nejra cehic. Rules and returns is the show where we delve into regulatory challenges and opportunities around the globe. From mifid ii to doddfrank, we will speak to those reacting to a new generation of rules. Lets get straight to mifid. The new regulations are set to change the landscape for Investment Research ahead of the legislation going into effect on january 1. January 3. Take a listen. Mifid ii is disrupting the world of Investment Research. In the past, Investment Research and corporate reports have typically been offered as a free service to carry out their trade. From january 3, that research will have to be paid for separately. Why . Eu lawmakers wanted to curb conflicts of interest that could leave investors facing opaque, steep costs. Under the new rules, investment firms will have to demonstrate they are getting the best execution for their clients when they trade. Regulators hope this will lead