Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

Weakened Congress wondering if early elections will help

The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term.  Full Article 

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Credit Agricole mulls new investment bank cuts: DJ

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Chinese Premier Li Keqiang waves upon his arrival at the airport in New Delhi May 19, 2013. Li on Sunday arrived in New Delhi for a three-day state visit. REUTERS/Adnan Abidi

Li Keqiang in India

Chinese Premier Li Keqiang on a three-day state visit.  Slideshow 

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PARIS | Thu Dec 13, 2012 12:02am IST

PARIS (Reuters) - French bank Credit Agricole (CAGR.PA) is mulling a new round of job cuts in its investment bank, Dow Jones reported, citing unnamed sources.

A Credit Agricole spokeswoman declined to comment.

The report did not say how many jobs would be affected by the latest round of layoffs, which would come on top of 1,750 cuts announced late last year at the investment banking arm.

Credit Agricole's Cheuvreux brokerage is also expected to cut 350 to 380 jobs as part of its sale to independent rival Kepler, sources said in October.

While Credit Agricole and its larger rivals BNP Paribas (BNPP.PA) and Societe Generale (SOGN.PA) laid off thousands late last year, few additional staff reductions have been announced since, even as peers from UBS to HSBC have slashed jobs aggressively in recent months.

(Reporting By Christian Plumb and Matthieu Protard; editing by Keiron Henderson)
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