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10 Feb Wells Fargo to overhaul reporting lines – WSJ

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Wells Fargo & Co is overhauling its reporting lines, marking Chief Executive Officer Charles Scharf's first move to stamp out the structure implicated in its fake-account scandal, The Wall Street Journal reported on Tuesday.

10 Feb UK: coronavirus will ‘get worse before it gets better’

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Health secretary says risk to public ‘remains moderate’

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10 Feb UPDATE 3-WeWork sets hard free cash flow, revenue targets as part of 5-year plan

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WeWork on Tuesday brought forward its target of becoming free cash flow positive by a year to 2022 as Chairman Marcelo Claure pushes ahead with his five-year turnaround plan aimed at boosting valuation and winning back investor trust.

10 Feb What Brexit fallout? Portugal poised to hit new investment record for export projects

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Portugal expects to hit a new investment record for export-focused projects this year, in the face of Brexit and global trade tensions, with authorities already scrutinising plans worth more than 1 billion euros ($1 billion).

10 Feb More investment needed to boost UK economic growth – Bank of England’s Carney

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Bank of England Governor Mark Carney said higher government spending, as well as more investment by businesses, is needed to get Britain's economy out of its slow growth mode and low interest rates made such investment easier to do.

10 Feb U.S. household debt tops $14 trillion and reaches new record

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American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new record at $14.15 trillion, the Federal Reserve Bank of New York said on Tuesday.

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10 Feb UPDATE 2-WeWork sets hard free cash flow, revenue targets as part of 5-year plan

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10 Feb UPDATE 2-Russia to use ‘rainy day fund’ to buy cbank’s stake in Sberbank

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* Cbank wants to keep c.700 bln rbls for bailout losses - sources

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10 Feb Brexit/financial services: crumbs of comfort

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Pessimistic projections on City job losses can take a long time to unfold

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10 Feb UPDATE 1-Egypt talking to IMF about technical assistance – central bank

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Egypt is in talks with the International Monetary Fund (IMF) about technical assistance on non-financial structural reforms, the central bank governor said on Tuesday.

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News

10 Feb Wells Fargo to overhaul reporting lines – WSJ

10 Feb UK: coronavirus will ‘get worse before it gets better’

10 Feb UPDATE 3-WeWork sets hard free cash flow, revenue targets as part of 5-year plan

10 Feb What Brexit fallout? Portugal poised to hit new investment record for export projects

10 Feb More investment needed to boost UK economic growth – Bank of England’s Carney

10 Feb U.S. household debt tops $14 trillion and reaches new record

10 Feb UPDATE 2-WeWork sets hard free cash flow, revenue targets as part of 5-year plan

10 Feb UPDATE 2-Russia to use ‘rainy day fund’ to buy cbank’s stake in Sberbank

10 Feb Brexit/financial services: crumbs of comfort

10 Feb UPDATE 1-Egypt talking to IMF about technical assistance – central bank

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