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Japan's biggest brokerage firm Nomura Holdings Inc <8604.T> flagged redundancies in its Australian equities team, in an internal memo seen by Reuters.Nomura is removing duplication from its equities business after its acquisition of the Instinet trading platform, a source familiar with the process said.Nomura's move to slim its equities presence in Australia comes against the backdrop of wider job losses in the banking sphere. Rival Deutsche Bank has trimmed its Australian headcount to 725 from 1,000 in the last few years.Australia's fourth biggest bank, Australia and New Zealand Banking Group Ltd is also considering sending call center jobs overseas, after unveiling plans last year to cut 1,000 jobs.Nomura's job losses, which have not hit its investment-banking or fixed-income divisions, come as the business combines its fixed-income and equities concerns globally."While there will unfortunately be some redundancies in our Australian Equities team, the overall result will be a more ef...
FBN's Nicole Petallides on stocks impacting the afternoon markets.
Shares of Groupon (NASDAQ:GRPN) surged 11% Friday morning after Deutsche Bank (NYSE:DB) emphatically upgraded the daily deals leader to "buy" on serious optimism sur...
Groupon Inc. shares were in the tech-sector spotlight Friday, rising more than 1%, to $7.61 after Deutsche Bank analyst Ross Sandler raised his rating on the company...
DuPont (NYSE:DD) said Thursday its first-half earnings will likely fall more than expected and push 2013 earnings to the low end of its previous guidance.Before a De...
Nathan Bostock, Royal Bank of Scotland's head of restructuring, is the early favorite to replace Stephen Hester as chief executive of the state-controlled bank, acco...
The U.S. stock market fell on Wednesday for the third straight session as investors continued to mull the timeline for the Federal Reserve to ratchet down its stimul...
Shares of Spectra Energy led gains among stocks in the S&P 500 Index on Wednesday, up 11%. At least three firms upgraded the company's stock after Spectra Energy on ...
India's Apollo Tyres launched a $2.5 billion effort on Wednesday to acquire Ohio's Cooper Tire & Rubber (NYSE:CTB) in a transaction that carries a premium north of 4...
JPMorgan Chase kept its top spot for investment banking in the first quarter after bringing in $6.9 billion in revenues, putting it ahead of four rivals tied for sec...
Dole (NYSE:DOLE) said it received a buyout offer from chief executive David Murdock on Tuesday in a bid to take the food giant private.Murdock, Dole's largest shareh...
Tech stocks managed to trim their losses in early trading Wednesday, with gains from the likes of Amazon.com Inc. , Apple Inc. and Netflix Inc. Microsoft Corp. was a...
FBN’s Dagen McDowell breaks down the stories moving the markets ahead of the trading day.
It's already been five years since the credit crisis turned the world of finance upside down. Are credit backed exchange-traded notes (ETNs) now safe? Let's examine ...
Ben Bernanke faces the unenviable task of dialing back on quantitative easing, but the Federal Reserve chief does have one important tool his predecessors lacked: te...
So much anticipation for a Federal Reserve Board statement not likely to be markedly different from any so far released in 2013.The Federal Open Markets Committee, w...
FOX Business: Capitalism Lives HereThe markets zipped higher for the second day in a row Tuesday as traders grew optimistic ahead of the Fed's policy decision. Today...
FOX Business: Capitalism Lives HereThe markets posted big gains as traders parsed through a handful of economic reports and braced for the Federal Reserve's latest p...
FOX Business: Capitalism Lives HereU.S. stock-index futures pointed higher as traders digested inflation data that was in-line with forecasts and a slightly disappoi...
It has been a brutal year for gold bugs. After enjoying twelve consecutive annual gains, gold is one of the worst performing assets in the market this year. Several ...
