News

* Monetary policy less effective if banks' health in bad shape

LIMA, Nov 24 (Reuters) - The Peruvian attorney general's office accused former president Alejandro Toledo on Friday of taking bribes from Brazilian construction firm Camargo Correa SA in exchange for a lucrative highway contract during his 2001-2006 term.

SAO PAULO/LISBON, Nov 24 (Reuters) - The chief executive of Oi SA has resigned, its largest shareholder said on Friday, as the Brazilian telecommunications firm enters a crucial phase in Latin America's biggest-ever bankruptcy proceedings.

WASHINGTON, Nov 24 (Reuters) - Richard Cordray, the director of the U.S. Consumer Financial Protection Bureau, formally resigned on Friday and named a deputy director as his replacement, setting the stage for a political and legal battle over the regulator's leadership.

* LSE says IPOs this year still much higher than last 2 years (Adds comment from LSE)

SAN FRANCISCO/NEW YORK, Nov 24 (Reuters) - Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors, two people familiar with...

WASHINGTON, Nov 24 (Reuters) - Richard Cordray, the director of the U.S. Consumer Financial Protection Bureau, announced he will be resigning from his post at the close of business Friday.

SAN FRANCISCO/NEW YORK, Nov 24 (Reuters) - Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the terms early next week in formal tender offers to the ride-hailing service's investors, two people familiar with...

Small cheer for some in the UK Budget, but a growth downgrade leaves the government on weak foundations

Lenders fearing ‘cliff-edge’ Brexit cut €350bn of holdings tied to Britain