The cuts at Morgan Stanley's 'lousy' fixed-income unit could spark job cuts of between 1,500 and 2,500 workers and savings of about $500 million, or about 20 cents to 25 cents a share.
... * China's yuan to join IMF's Special Drawing Rights basket. * Yuan to enter in October 2016 with 10.92 pct share. * IMF's Lagarde, China central bank say reforms to continue.
Shares in some of the U.K.'s biggest banks climbed by the most in months Tuesday, propelled higher after the sector escaped largely unscathed from the Bank of England's financial stress tests.
Canada's economy unexpectedly contracted in September as fires and maintenance shutdowns interrupted oil production, marring a report that showed the first quarterly expansion this year and calling into question the outlook.
People who opened their wallets for Black Friday and Cyber Monday may want to keep them open just a bit longer to give back to an organization of their choice today, which is known as #GivingTuesday.