The Traderszone Network

Small businesses in 2015 saw their softest year of employment growth since 2011, according to data released Tuesday.

Wisdom from a legend.

Gold futures climb Tuesday as uncertainty about China’s economy and tensions in the Middle East linger, drawing haven bids for the precious metal.
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WASHINGTON/FRANKFURT (Reuters) – The U.S. Justice Department has sued Volkswagen for up to $90 billion for allegedly violating environmental laws – five times regulators’ initial estimate and a reminder of the carmaker’s problems nearly four months after its emissions scandal broke. Although such U.S. lawsuits are typically settled at a fraction of the theoretical maximum penalty, analysts said the size of the claim meant Volkswagen (VW) could face a larger bill than previously anticipated.

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SINGAPORE/HONG KONG (Reuters) – Barclays Plc will announce job cuts in its investment banking businesses across Asia, including closing the businesses in Korea and Taiwan, people with direct knowledge of the matter told Reuters, in the latest cuts for the London-based lender in the region. Next week’s cuts will include corporate finance and advisory staff in those two countries, as well as equities sales and research staff, the people said, and will include at least 50 jobs across Asia as the bank seeks to slash costs in a global restructuring.

As usual, it came in the shadow of a difficult situation.

Kuwait becomes the latest Sunni Muslim ally of Saudi Arabia to cut or downgrade ties with Tehran amid a rising sectarian standoff in the Middle East.
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