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In Brief

In Brief

Barclays Capital set to cut 100 jobs
Barclays Capital is cutting around 100 investment banking and IT support jobs in London, the Independent reported on Saturday.
Some of the positions would go from its leveraged finance desk, one of the areas hit hardest by the global credit crunch, the paper said.
A Barclays Capital spokesman declined to comment, but a source at the bank said fewer than 100 staff were affected.
The investment bank, part of Barclays Bank, employs more than 16,000 staff worldwide.
Last month Swiss bank UBS said it was axing 5,500 jobs on top of 1,500 already completed as it seeks to recover from the sub-prime crisis, while Citigroup looks set to shed 15,000 jobs.
Arbitration request
Bolivia's government news agency says an arbitration request has been filed against the Bolivian government in response to the nationalization of gas pipeline company Transredes.
President Evo Morales nationalized all assets of the pipeline company on Monday. The company was half-owned by Royal Dutch Shell PLC and Ashmore Energy International.
Newly appointed Minister for the Defense of Nationalization Hector Arce told the government news agency in a Saturday article the arbitration request was filed by a holding company for Shell and Ashmore.
He did not say what arbitration body was handling the request. Bolivia has withdrawn from a World Bank tribunal that hears disputes between governments and foreign businesses.
GM plant shutdown
Angry employees briefly shut down a General Motors plant in Ontario to protest the impending closure of a truck assembly line that employs 2,600 people.
Union leaders say there is no end in sight to their protests.
Workers have been blocking the GM's Canadian head office since Wednesday, but early Saturday morning, about 100 people took to their cars and drove in a slow convoy around the truck and car plants in Oshawa.
Union spokesman Keith Osborne says trucks delivering parts could not get in, forcing a shutdown at both the car and truck plants that lasted several hours.
General Motors announced this week that four plants in North America will close next year, including the Oshawa truck assembly line.


Updated : 2021-04-14 01:43 GMT+08:00