LONDON, Dec 8 Reuters Britain has proposed simplifying rules on financial advice to allow banks, insurers and investment firms to give information to less wealthy customers without having to comply with stringent safeguards that bump up fees. The government had said it would review and clarify the regulatory boundary between formal financial advice, which is […]

NEW YORK, Dec 7 Reuters Mercon Coffee Group, one of the world39;s largest coffee traders, has filed for bankruptcy protection in the U.S. due to what it defined as exceptionally challenging operating environment, according to a document seen by Reuters. Mercon, which has operations in all the major producing regions including Brazil, Vietnam and Central […]

Q3 GDP revised to annualised 2.9 vs preliminary 2.1 Consumption 0.2, capex 0.4 after revision Real wages 2.3, household spending 2.5 in October TOKYO, Dec 8 Reuters Japan39;s economy fell faster than first estimated in the third quarter, revised data showed on Friday, as the household sector faced growing headwinds, complicating the central bank39;s efforts […]

Xi39;s visit to follow Biden39;s in September China with HK is top investor in Vietnam this year U.S. investment, trade have so far dropped in 2023 HANOI, Dec 8 Reuters Chinese investments in Vietnam have boomed this year in contrast to a slowdown in U.S. spending and trade, official data show, as the world39;s two […]

BRUSSELS, Dec 8 Reuters European Union finance ministers moved closer to an agreement on new EU fiscal rules early on Friday after eight straight hours of talks, but will need more time and possibly another meeting to reach a deal, two officials close to the talks said. France and Germany still differ on how to […]