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Press Releases

Barclays reports trebling of pretax profit for 2016 and sees surprise uptick in its capital buffers

Barclays reported worse-than-expected net profits for 2016, but posted a surprise uptick in its capital buffers as the U.K.-based bank nears the end of a major restructuring program.


Tesla posts wider-than-expected loss of 69 cents a share; CFO Wheeler to leave at end of April

Tesla shares rose in after hours trading after the company posted wider-than-expected loss, despite better than expected sales.


Stocks end mixed after Fed minutes, but Dow posts 9th straight record close

U.S. equities closed mixed Wednesday after minutes from the Federal Reserve's previous meeting hinted that a rate hike coming "fairly soon."


Asia markets end higher; Toshiba shares jump 22% after report it asked bidders to value its memory business at more than $17bn

Asia markets traded higher as investors continue to wait for policy details from the Trump administration on tax reforms and deregulation.


CEOs battle over tax reform

More than a dozen CEOs from major U.S. manufacturing companies sending a letter to lawmakers calling for an end to the “Made in America” and border adjustment tax. CNBC’s Ylan Mui reports the latest.


Citi analysts predict crude oil will hit $70 by the end of 2017

In a research note published Tuesday, Citi analysts say crude oil prices could shoot up to $70 a barrel by the end of 2017.


Bullish Citi analysts call for crude oil to hit $70 by year end but elsewhere skepticism grows

Crude oil prices could shoot up to $70 a barrel by the end of 2017 as supply and demand levels continue to rebalance in coming months, say Citi analysts.


EU tax chief admits Le Pen winning would be the end of the European project

Far-right Marine Le Pen cannot, will not and must not win this year’s French election – and the French are not crazy enough to let her, says Moscovici.


Japan’s move to end ‘death by overwork’ will drag economic growth: Deutsche Bank

Japan's efforts to put the kibosh on karoshi, or "death by overwork," by addressing excessive overtime could hit economic growth, Deutsche Bank said.


Credit card users rack up over $1 trillion in debt

Total credit card debt topped $1 trillion at the end of 2016, its highest since 2008.