NEW YORK, Dec 5 Nancy King, global head of commodities trading at Morgan Stanley, has spent the last few years remodeling what used to be one of the most profitable units on Wall Street, by downsizing and focusing on smaller, smart trades for customers instead of the big, risky bets it used to make on its own account.
LONDON, Dec 5 Britain's Attorney General Jeremy Wright said the government's appeal to the UK Supreme Court over who has the right to trigger the formal divorce process from the European Union goes to the heart of the British constitution.
VIENNA, Dec 5 Italy might have to spend public money to rescue some of its banks, including by taking stakes in them, European Central Bank Governing Council member Ewald Nowotny said on Monday.
LONDON, Dec 5 Norwegian Air Shuttle said it will add 50 percent more flights between Britain and the United States next year summer, ramping up competition on transatlantic routes, days after the U.S. granted extra flying rights to the budget airline.
* Bank must raise 5 bln euros by year end to stay in business
TEL AVIV, Dec 5 Nochi Dankner, once one of Israel's most powerful businessmen who lost his business empire in the global financial crisis, was sentenced on Monday to two years in jail after being found guilty in July of manipulating share prices.
MILAN, Dec 5 UniCredit, Italy's biggest bank by assets, has started exclusive talks with France's Amundi to sell its asset management arm Pioneer Investments as it strives to boost its capital base.
LONDON, Dec 5 Prime Minister Theresa May's government launches a challenge on Monday against a court ruling that it requires parliamentary approval to start the process of leaving the European Union, a decision that could upset Britain's Brexit plans.
BRUSSELS, Dec 4 U.S. tech giants including Facebook, Twitter, Google's YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission said on Sunday.
FRANKFURT, Dec 4 Deutsche Boerse's chief executive has sought to reassure Frankfurt over its merger with London Stock Exchange Group, saying the German regulator will retain power over the exchange when it becomes part of a larger London-based group.
BEIJING/WASHINGTON U.S. President-elect Trump is clear about China's position on the Taiwan issue and China has maintained contacts with his team, the foreign ministry said on Monday, as Trump took to Twitter to complain about Chinese economic and military policy. | Video