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New Barclays Chairman John McFarlane will wield the axe even more quickly at the bank, it emerged Wednesday.

After the Greek crisis, every country in the eurozone will want to have a Plan B to exit the euro just in case, writes Matthew Lynn.
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Brussels is targeting Disneyland Paris for allegedly overcharging some customers on the basis of where they live, the FT reports.

The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September. The U.S. central bank is scheduled to issue its latest policy statement at 2 p.m. EDT following a two-day meeting, spelling out how policymakers feel the economy has progressed since they last met in June. Earlier this year the Fed embraced a meeting-by-meeting approach on the timing of what will be its first rate hike since June 2006, making such a decision solely dependent on incoming economic data.

Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve. The steadier tone was enough to lift Australia’s main index (.AXJO) 1 percent, while MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.7 percent. Japan’s Nikkei (.N225) was one of the few markets in the red with a loss of 0.4 percent.

“This is unacceptable and we’re not happy about it,” Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts. Twitter said it had 304 million core users in the second quarter, up from 302 million in the prior quarter. Twitter’s struggles to increase its audience worries investors, who are focused on the company’s growth potential, and the latest figures did little to reassure them.