Fixed income

President Trump wants a wall along the border with Mexico, CNN has been told by multiple sources within the agencies involved in building, paying for and enforcing this barrier.

President Trump has been looking at various blueprints with his advisers, a senior administration official told CNN. He could ultimately insist on a concrete wall stretching across the entire border, as he has promised. It would be a far bigger and a vastly more expensive project, and any plan would need to be sent to Congress for funding approval.

Staff at Lloyd’s of London, the insurance market in the City, have enjoyed a tipple during the day ever since it opened in 1688, but now a 9-to-5 alcohol ban has been drafted in – after roughly half of employee disciplining cases were found linked to alcohol in the last two years, Reuters reported Wednesday.

Newly updated employee guidelines provide “clarification on the rules around alcohol consumption, which is prohibited during business hours. The guidance removes any ambiguity on the policy,” a Lloyd’s of London spokesman said in a statement.

According to The Financial Times, its 800 workers have been told the hours between 9am and 5pm must be strictly dry. It is traditional for traders working in that area to gather around Leadenhall Market to make contacts and probe deals over a pint.

SBB says it has developed its 2020 strategy in consultation with customers, employees, partners and policymakers in order to adapt the railway to a rapidly changing world characterised by new customer requirements, digitalisation, new transport providers and regulatory developments. Mobility is undergoing profound and extensive change and other modes of transport are catching up with trains in terms of price and environmental advantage, the Federal Railways acknowledged on Monday.

The European Parliament has approved a landmark free trade deal with Canada. The Comprehensive Economic and Trade Agreement (Ceta) has been seven years in the making and its ratification is set to eliminate almost all trade tariffs between the European Union and Canada.

EU lawmakers backed the Comprehensive Economic and Trade Agreement (Ceta) by 408-254 votes despite crowds of protesters contesting the deal outside. All 28 governments will need to give their approval to finalise the process of ratifying the agreement.

“The ratification in all the member states will start, there will be a long process and in most countries without any problems, in some, with more discussions: "We will try to be there, we will try the effects of the Canadian agreement, try to calm some of the concerns,” said EU trade commissioner Cecilia Malmstrom.

PSA Group is discussing a potential acquisition of rival European carmaker Opel from General Motors, a spokesman for the French automaker said on Tuesday.

"PSA confirms that it is exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," company spokesman Bertrand Blaise said.

Credit Suisse has reported a net loss of 2.347 billion Swiss francs ($2.337 billion) for the fourth quarter of 2016 as the bank felt the impact of a $5.28 billion fine from the U.S. Department of Justice.

The fine in December stems from the bank’s sale of toxic mortgage assets in the lead up to the 2008 global financial crisis and brings an end to a "major source of uncertainty" for the bank, according to Chief Executive Tidjane Thiam. It said Tuesday it recorded a provision of approximately $2 billion during the fourth quarter of 2016 for this penalty, in addition to existing provisions of $550 million in prior periods.

Swiss voters on Sunday approved a measure to make it easier for third-generation immigrants to become citizens, dismissing suggestions from the far-right that the move could pose a security threat.

In a referendum on Sunday, they backed a proposal to simplify naturalisation for third-generation immigrants. According to final official results, the "Yes" camp claimed 60% support and a victory in 19 of Switzerland’s 26 cantons, meeting the two criteria needed for a win.

Twitter on Thursday beat analysts’ expectations for earnings per share in its fourth quarter before the opening bell, but missed revenue estimates, prompting a steep fall in its stock price in pre-market trading.

The San Francisco-based company, led by CEO Jack Dorsey, reported adjusted earnings of 16 cents per share on revenue of $717 million, up from a year-earlier $710.5 million.