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  • In 2013, the Financial Services Committee of the U.S. House of Representatives, led by Jeb Hensarling, a Republican of Texas, began investigating the Justice Department's November 2012 decision to enter into a $1.92 billion settlement agreement with HSBC. The report, which relies on internal records from the Department of the Treasury, said the U.S. attorney...

  • In 2013, the Financial Services Committee of the U.S. House of Representatives, led by Jeb Hensarling, a Republican of Texas, began investigating the Justice Department's November 2012 decision to enter into a $1.92 billion settlement agreement with HSBC. The report, which relies on internal records from the Department of the Treasury, said the U.S. attorney...

  • In 2013, the Financial Services Committee of the U.S. House of Representatives, led by Republican Congressman Jeb Hensarling of Texas, began investigating the Justice Department's November 2012 decision to enter into a $1.92 billion settlement agreement with HSBC. Attorney General Eric Holder "misled" Congress about the Justice Department's reasoning...

  • CURITIBA, Brazil, July 7- Brazilian police seized documents and questioned suspects on Thursday to investigate Panama's FPB Bank which allegedly worked with the "Panama Papers" law firm to spirit money out of Brazil connected to corruption at state-run companies. Police said FPB Bank was under investigation for "financial crimes, laundering of assets and...

  • MONTERREY, July 7- Mexican construction firm ICA will bid to build runways and a terminal at Mexico City's new airport, local media reported on Thursday. Luis Zarate, chief executive of ICA, told the newspaper La Jornada that the firm will present documents to participate in a runway bid with a consortium of domestic and foreign firms on Aug. 8.

  • CURITIBA, Brazil, July 7- Brazilian police seized documents and questioned suspects on Thursday to investigate Panama's FPB Bank in connection with a sweeping graft probe of political corruption at state-run companies. Police said FPB Bank was under investigation for "financial crimes, laundering of assets and transnational criminal organization" for...

  • MEXICO CITY, June 30- Mexico's peso firmed sharply on Thursday after the central bank surprised the market with an aggressive interest rate hike to protect the beleaguered currency and calm concerns that its weakness could stoke inflation. Last week's surprise vote by the United Kingdom to leave the European Union drove the currency to a record low.

  • MEXICO CITY, June 30- Mexico's central bank raised its key interest rate more than expected on Thursday in a bid to support the peso and calm concerns that currency weakness could inflame inflation. "I wouldn't rule out that they could hike again, even before the Fed, if the exchange rate keeps trading very poorly," said Benito Berber, an analyst at Nomura in New York.

  • MEXICO CITY, June 30- Human traffickers are finding increasingly creative ways of shuttling Central American migrants through Mexico to the U.S. border and that includes hiring Uber-registered drivers. On June 10, five vehicles carrying 34 Central American migrants were apprehended while traveling together between the northern Mexican states of...

  • MEXICO CITY, June 30- Mexico's central bank aggressively raised its key interest rate more than expected on Thursday in a bid to support the peso and calm concerns that currency weakness could inflame inflation. "I wouldn't rule out that they could hike again, even before the Fed, if the exchange rate keeps trading very poorly," said Benito Berber, an analyst at...

  • MEXICO CITY, June 30- Human traffickers, who are finding increasingly creative ways to shuttle Central American migrants through Mexico to the U.S. border, have begun to use the Uber ride-sharing service. On June 10, five vehicles carrying 34 Central American migrants were apprehended while traveling together between the northern Mexican states of Zacatecas...

  • June 30- Constellation Brands Inc reported a bigger-than-expected 15 percent jump in quarterly net sales, helped by higher demand for its Corona and Modelo beers during the Memorial Day weekend. Memorial Day weekend is the second-largest beer sales period in the United States after the Labor Day weekend. Net income attributable to the company rose to $318.3...

  • THURSDAY, JUNE 30 NEW DELHI- World Bank Group President Jim Yong Kim holds a press conference to share his thoughts on and highlights of his India visit, including on meetings with Prime Minister Narendra Modi and Finance Minister Arun Jaitley. SEOUL- South Korean Finance Minister Yoo Il-ho to speak on the latest developments of the Korean economy and ways to...

  • WEDNESDAY, JUNE 29 MOSCOW- Annual banking congress, with Russia central bank Governor Elvira Nabiullina delivering the speech- 0300 GMT LONDON- Bank of Zambia Governor Denny Kalyalya, Kenya central bank Deputy Governor Sheila Mbijiwe and African Development Bank former Chief Economist Mthuli Ncube at "Investing in Frontier Africa" conference.

  • TUESDAY, JUNE 28 NEW DELHI- World Bank Group President Jim Yong Kim on a two-day visit to India. ANKARA- Turkey central bank to publish the minutes of its policy meeting held on June 21- 1100 GMT. LONDON- Bank of Zambia Governor Denny Kalyalya, Kenya central bank Deputy Governor Sheila Mbijiwe and African Development Bank former Chief Economist Mthuli Ncube at "...

  • WASHINGTON/ OTTAWA, June 27- President Barack Obama will meet with the leaders of Canada and Mexico on Wednesday for his final "Three Amigos" summit, a meeting that may signal how keen the North American partners are to tout trade at a time of rising protectionist sentiment. Canada had negotiated a trade deal with the EU that is slated to take effect next year.

  • President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto will commit to a new regional clean power goal at a summit this week in Ottawa, the White House said on Monday. The leaders, meeting in Ottawa on Wednesday at the so-called "Three Amigos" summit, will pledge to have their countries produce 50 percent of their...

  • MEXICO CITY, June 27- Carlos Slim's construction arm has teamed up with three local builders to bid for two runways for Mexico City's new airport worth a combined $1.56 billion, sources say, seeking to snap up major infrastructure projects that survived government cuts. Carso Infraestructura y Construccion, which is part of Slim's Grupo Carso, has agreed to form...

  • OTTAWA, June 27- The leaders of the United States and Mexico this week plan to announce that half of their electricity will come from clean power sources by 2025, the Canadian Broadcasting Corp reported on Monday. President Barack Obama and his Mexican counterpart Enrique Pena Nieto will meet in the Canadian capital Ottawa on Wednesday for a trilateral summit...

  • MEXICO CITY, June 24- Mexico's government will cut spending, and the central bank is ready to act on interest rates in the wake of Britain's vote to exit the European Union, senior officials said on Friday. Finance Minister Luis Videgaray said the government would reduce spending by 31.715 billion pesos in 2016, its second such cut this year, to reassure markets...