The Traderszone Network

The U.S dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold hit five-year lows as a lack of global inflation left little to hedge against. Activity was light with Japan on holiday and a dearth of major data in the diary, leading to a cautious start for stocks. Australia’s main index (.AXJO) was a fraction weaker, while MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent.

Barclays Plc plans to cut more than 30,000 jobs within two years after firing Chief Executive Antony Jenkins this month, The Times reported on Sunday. This redundancy program, which could reduce the bank’s …

Standard Chartered Plc (STAN.L) Chief Executive Bill Winters will take more direct responsibility for the bank’s biggest business divisions, as he seeks to restore the fortunes of the emerging markets-focused bank.     Under a new management structure to be phased in from Oct. 1, the heads of major business units will report directly to Winters rather than his deputy, Mike Rees, StanChart said on Sunday.     “The group needs to kick-start performance, reduce its cost base and bureaucracy … and speed up decision making,” Winters said in a statement.

Submitted by Mark St.Cyr,

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We as a nation are woefully unprepared for retirement. In order to bridge that gap, and in the name of education, here are seven things you never knew about retirement.

On Friday, SocGen’s Albert Edwards was confused: when describing the events of last weekend, when Greece seemed on the verge of being “temporarily” exiled from Europe thus confirming once and for all that the Euro is in fact quite reversible, it was not Germany against France, a France whose total government liabilities assure that its countdown to sovereign insolvency is just a few years behind that of Greece…

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Faced with a yawning energy deficit and a need to slow climate change, Asia is looking at fresh ways to finance a shift toward renewables.