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Push on with the 'great unwinding', BIS tells central banks

LONDON Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.

Recent Business News

Anthem to pay record $115 million to settle U.S. lawsuits over data breach

Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach.

Jun 23 2017

Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

If Amazon.com Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process. | Video

Deals, Tech Jun 24 2017

Loeb's Third Point hedge fund targeting Nestle for strategic changes: Bloomberg

Nestle SA , is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.

3:57pm EDT

RBS to cut 443 jobs in UK, move many of them to India

British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.

2:39pm EDT

CEO of Raytheon's Forcepoint eyes IPO: Boersen-Zeitung

FRANKFURT U.S. missile maker Raytheon's cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.

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