Morning Brief: Markets await May jobs report

Morning Brief: Markets await May jobs report

Friday, June 1, 2018 What to watch today The Bureau of Labor Statistics’ employment situation report for the month of May is expected to show 190,000 jobs were added to the economy in May with the unemployment rate expected to stay put at 3.9%. Economists will also be closely watching wage data, with average hourly […]

HSBC approaches RBS's Ewen Stevenson for CFO role

HSBC approaches RBS's Ewen Stevenson for CFO role

Martin Arnold May 31, 2018 Print this page HSBC has approached Ewen Stevenson, the chief financial officer at Royal Bank of Scotland, to replace Iain Mackay as its CFO after both men seemed to be passed over in the race to become chief executives of their respective banks. The move would be the first major […]

Buncombe County finance director resigns

Buncombe County finance director resigns

Buncombe County finance director Tim Flora submitted his resignation Wednesday. (Photo credit: WLOS staff) ASHEVILLE, N.C. (WLOS) —  One year ago, Wanda Greene announced her retirement after two decades as the Buncombe County manager. A lot has happened in the last year, and now county finance director Tim Flora has resigned. “The time is right […]

RBS finance chief quits ahead of AGM, possible UK stake sale

RBS finance chief quits ahead of AGM, possible UK stake sale

LONDON (Reuters) – Royal Bank of Scotland (RBS.L) announced the surprise departure of its finance chief on Wednesday, on the day of its annual shareholder meeting and amid speculation the British government will soon sell some of its controlling stake in the bank. FILE PHOTO: sign is displayed outside of a branch of The Royal […]

US House candidates file final regular finance report

US House candidates file final regular finance report

With a little over a week before the Democratic U.S. House primary, candidate Grant Kier had the most cash on hand in the run-up to the vote. Kier also raised the most, not including the candidate’s own contributions, in the last regular campaign finance report before the June 5 vote. Candidates in the U.S. House […]

Italy's populists pull out of bid to form government

Italy's populists pull out of bid to form government

Italy was heading for a possible constitutional crisis after the country’s leading populist political parties dropped their bid to form a government following a dramatic decision by Sergio Mattarella, the Italian president, to block the nomination of an avowedly Eurosceptic finance minister.  Giuseppe Conte, the 53-year-old designated prime minister of the coalition made up of […]

Saudi finance ministry sells 3.95 bln riyals of domestic sukuk

Saudi finance ministry sells 3.95 bln riyals of domestic sukuk

RIYADH, May 27 (Reuters) – Saudi Arabia’s finance ministry sold 3.95 billion riyals ($1.05 billion) of domestic sukuk in its monthly sale by re-opening an issue originally made last month, the ministry said. It sold 3.35 billion riyals of five-year sukuk, 350 million riyals of seven-year and 250 million riyals of 10-year. Last month, the […]

Myanmar's finance minister resigns: president

Myanmar's finance minister resigns: president

YANGON (Reuters) – Myanmar’s Finance Minister Kyaw Win has resigned, President Win Myint said on Friday, weeks after local media first reported he was under investigation for alleged corruption. Kyaw Win was “allowed to resign,” the president said in a short statement posted on the presidency’s official Facebook page late on Friday. The presidential office […]