Bloomberg Barclays Plc is eliminating as many as 100 senior staff at its investment bank as the unit’s chief, Tim Throsby, overhauls the underperforming division, according to people familiar with the decision. The cutbacks will fall mainly at the managing director and director levels and are evenly split between Europe and the US, said the people, who asked not to …

Bloomberg The Argentine peso has a split personality, with analysts forecasting both big losses in the spot market and the highest total return for emerging-market investors. The reason for the divergence comes down to inflation and interest rates. Consumer-price increases of more than 20 percent will wreak havoc on the peso’s value, but any weakness will be more than offset …

Bloomberg Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year. It still has a ways to go. The lender showed promise on revenue growth, as net interest income jumped to the highest in more than five years and revenue from trading and investment banking both topped estimates. Now, analysts question whether …

DUBAI / WAM A new report from Middle East Electricity (MEE) states the GCC requires a combined $131 billion worth of investment in electricity generation, transmission and distribution over the next five years to cope with increasing demand from growing populations, expanding economies and climatic changes. The report, ‘GCC Power Market’, reveals that despite the GCC’s current power-generating capacity of …

Bloomberg US stocks rose as earnings season continued with another major bank reporting healthy results. The dollar rose, while Treasuries declined with gold, as Congress appeared closer to a deal to avert a government shutdown after January 19. All major equity gauges were higher, with semiconductor companies leading gainers. The S&P 500 Index climbed after Bank of America Corp. beat …

Bloomberg Bitcoin tumbled below $10,000, bringing its loss to almost 50 percent from a record set only a month ago, as increased scrutiny from regulators around the world weighs on the digital- coin craze. The largest cryptocurrency dropped 10 percent to $9,610.05 as of 9:33 am in New York, its first foray below $10,000 since December 1, according to consolidated …

Reuters Gulf stock markets were mixed on Wednesday with Masraf Al Rayan, Qatar’s second-largest bank by market value, pulling the Qatari stock index 0.2 percent lower. Shares in Masraf Al Rayan sank 2.7 percent after the bank reported a 9.6 percent drop in fourth-quarter net profit to 466 million riyals, below an average 562.5 million riyal forecast by Reuters analysts. …

Bloomberg China’s insatiable appetite for solar power led to a surprise increase in global clean-energy investment last year even as US President Donald Trump pushed to undermine pollution rules and curbs on coal. About $333.5 billion poured into renewable energy and cutting-edge power technologies, up 3 percent from 2016 and 7 percent short of the record set in 2015, according …

Bloomberg The pace at which China exports the fuel it doesn’t want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer. That’s a harbinger of bad news for processors in the rest of Asia — from South Korea to Japan and India — who now have to contend with higher crude …

Bloomberg The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. The Trump administration is hoping to lure some of that investment to the US with a proposal to sell leases in almost every inch of the nation’s …