1.Standard chartered is cutting down bankers:
The bank has cut at least six oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team.
2.Toshiba to Axe thousands of jobs:
Toshiba is looking to axe up to 7,000 jobs, as it looks to streamline operations in the wake of an accounting scandal. Most of the job cuts will be in the company’s lifestyle segment, which includes consumer appliances.
3.Today is a massive day for UK inflation data:
At 9:30 a.m. (4:30 a.m. ET), month-on-month and year-on-year changes for the UK’s retail price index, consumer price index, house price index and producer price index are published.
4.European Shares Bounce back After Huge Losses:
Global stock markets revealed signs of steadying this week after recent slump, with European shares Bouncing back from huge losses in the previous session.
5.Pound continues to fall vs euro as U.K. Inflation Sticks Near Zero:
The pound continued its slump against the euro into a third day after a statement revealed that U.K. inflation remained near zero last month.