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Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business. </div>
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</div>
<div>
<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to “evolving market trends.” Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
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<div>
<span style="font-size:14px;"><strong>Time Warner Rejects Charter’s $60bn bid as ‘ Grossly Inadequate’</strong></span></div>
<div>
Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was “grossly inadequate”. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner’s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a “bargain” price.</div>
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<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
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<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since ‘07</strong></span></div>
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Nepal And The World News In Brief (20 - 26 January 2014)
2 min 5 sec to read
Deutsche Bank Quits Gold Price Setting
Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business.
Intel to cut over 5,000 jobs
Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to “evolving market trends.” Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.
Time Warner Rejects Charter’s $60bn bid as ‘ Grossly Inadequate’
Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was “grossly inadequate”. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner’s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a “bargain” price.
HSBC Suspends Currency Traders
British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.
US Homebuilding Dips, but Year Best Since ‘07
U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That’s 9.8 percent lower than November’s pace of 1.12 million, which was the fastest in five years.
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<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
<div>
Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business. </div>
<div>
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<div>
<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
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Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to “evolving market trends.” Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Time Warner Rejects Charter’s $60bn bid as ‘ Grossly Inadequate’</strong></span></div>
<div>
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<div>
<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
<div>
British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since ‘07</strong></span></div>
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U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That’s 9.8 percent lower than November’s pace of 1.12 million, which was the fastest in five years. </div>',
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<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
<div>
Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business. </div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to “evolving market trends.” Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>Time Warner Rejects Charter’s $60bn bid as ‘ Grossly Inadequate’</strong></span></div>
<div>
Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was “grossly inadequate”. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner’s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a “bargain” price.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
<div>
British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
</div>
<div>
<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since ‘07</strong></span></div>
<div>
U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That’s 9.8 percent lower than November’s pace of 1.12 million, which was the fastest in five years. </div>',
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<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
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Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business. </div>
<div>
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<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
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Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to “evolving market trends.” Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
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<span style="font-size:14px;"><strong>Time Warner Rejects Charter’s $60bn bid as ‘ Grossly Inadequate’</strong></span></div>
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Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was “grossly inadequate”. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner’s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a “bargain” price.</div>
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<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
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British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
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<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since ‘07</strong></span></div>
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U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst. The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That’s 9.8 percent lower than November’s pace of 1.12 million, which was the fastest in five years. </div>',
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<span style="font-size:14px;"><strong>Deutsche Bank Quits Gold Price Setting</strong></span></div>
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Deutsche Bank AG is pulling out of the process for setting gold and silver benchmarks, a move that comes as regulators investigate possible manipulation of precious-metals prices. Deutsche, one of five banks involved in the twice-daily gold fix for global price setting, said Friday it was dropping out of the process after withdrawing from the bulk of its commodities business. </div>
<div>
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<span style="font-size:14px;"><strong>Intel to cut over 5,000 jobs</strong></span></div>
<div>
Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year. The company says the cuts are in response to “evolving market trends.” Intel said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.</div>
<div>
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<span style="font-size:14px;"><strong>Time Warner Rejects Charter’s $60bn bid as ‘ Grossly Inadequate’</strong></span></div>
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Time Warner Cable has rejected a $60bn bid from rival, Charter Communications, saying the offer price was “grossly inadequate”. Charter had offered $132.50 a share, with $83 of that in cash and the rest in its own stock, to buy the firm. It said it was going public with its offer because of a lack of interest from Time Warner’s management in its efforts to purchase the firm. But Time Warner said Charter was trying to buy it for a “bargain” price.</div>
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<span style="font-size:14px;"><strong>HSBC Suspends Currency Traders</strong></span></div>
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British multinational bank HSBC has suspended two London-based foreign exchange traders as an investigation into the possible rigging of global currency dealing deepens. Others being investigated include Citigroup, JP Morgan, Barclays, UBS and Deutsche Bank.They are working with UK regulators to ascertain whether traders worked together to rig global currency values. The market is worth more than $5 trillion dollars a day.</div>
<div>
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<span style="font-size:14px;"><strong>US Homebuilding Dips, but Year Best Since ‘07</strong></span></div>
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