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  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • SINGAPORE, May 21- U.S crude futures eased towards $58.50 a barrel on Thursday as concerns over a supply glut and a strong dollar weighed on prices, but a steeper than expected draw on crude inventories put a floor under prices. *U.S. crude for July delivery fell 20 cents to $58.78 a barrel as of 0005 GMT after settling up 99 cents in the previous session.

  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • *Barclays fined $2.4 bln, fires 8 employees. Citi, Barclays, JP Morgan and RBS plead guilty. Citigroup Inc, JPMorgan Chase& Co, Barclays Plc, UBS AG and Royal Bank of Scotland Plc were accused by U.S. and UK officials of brazenly cheating clients to boost their own profits using invitation-only chat rooms and coded language to coordinate their trades.

  • MUMBAI, May 20- India's Tata Steel Ltd said it expected a rebound in steel demand in its home market but another difficult year in Europe, after reporting a $889 million quarterly loss inflated by a hefty impairment on its UK business. The consolidated fourth quarter loss from Tata Steel, Europe's second-largest steelmaker, compares with a net profit of 10.36...

  • UPDATE 6-Oil prices rise as U.S. crudes stocks fall Wednesday, 20 May 2015 | 10:56 AM ET

    *Japan's economy surprises with 2.4 pct annualised growth. Brent futures rose 72 cents to $64.74 a barrel by 1445 GMT, after touching $65.02 earlier in the session. U.S. crude prices rose 41 cents to $58.40 a barrel, easing back from an intraday high of $58.90.

  • MUMBAI, May 20- India's Tata Steel Ltd said it expected a rebound in steel demand in its home market and modest growth in Europe this year, after reporting a $889 million quarterly loss inflated by a hefty impairment on its UK business. The consolidated fourth quarter loss from Tata Steel, Europe's second-largest steelmaker, compares with a net profit of 10.36...

  • *Barclays fined $2.4 bln, fires 8 employees. *Citi, Barclays, JP Morgan and RBS plead guilty. Traders at Citigroup, JP Morgan, Barclays and Royal Bank of Scotland, who described themselves as "The Cartel", used an invitation-only electronic chatroom and coded language to manipulate the price of U.S. dollars and euros between December 2007 and January 2013, according to...

  • Wednesday's settlement with the U.S. Department of Justice, the Federal Reserve, and the Connecticut Department of Banking follows a settlement UBS reached six months ago with Swiss financial regulator FINMA, which included a fine and bonus curbs. "The conduct of a small number of employees was unacceptable and we have taken appropriate disciplinary actions,"...

  • DIARY- Top Economic Events to June 1 Tuesday, 19 May 2015 | 8:01 PM ET

    LONDON- Bank of England releases updated policy statement on dormant bank accounts- 0900 GMT. MUNICH- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the National Association for Business Economics International Symposium: "Economic Growth, Monetary Policy, and Structural Reform:...

  • U.S. banks JPMorgan and Citigroup and Britain's Barclays and Royal Bank of Scotland are expected to plead guilty to criminal charges with the U.S. Department of Justice related to forex manipulation, people familiar with the matter said. JPMorgan and Citigroup would be the first major U.S. banks to plead guilty to criminal charges in decades.

  • SNB's Danthine says aware of negative rates risks Tuesday, 19 May 2015 | 12:02 PM ET

    GENEVA, May 19- The Swiss National Bank is aware of the risks posed by negative interest rates, which it has used to tame a surge in the Swiss franc, SNB vice-chairman Jean-Pierre Danthine said on Tuesday. According to an advance text of a speech in Geneva, Danthine also said the SNB could expand its balance sheet again if needed. Switzerland's central bank shocked...

  • GENEVA, May 19- Governments need policies to stop societies and economies being damaged by fewer and fewer people having full-time salaried jobs, the International Labor Organization said in a flagship annual report on Tuesday. Those changes, and new forms of employment such as "mini-jobs" in Germany, "zero-hours contracts" in Britain and "on call" contracts in the...

  • *CEO hopes India contract finalised this year. GENEVA, May 18- Dassault Aviation will double production of its Rafale combat jet within two to three years of the completion of a planned sale to India, its chief executive said on Monday. The maker of combat and business jets is also in talks on potential fighter sales with several other countries including Malaysia,...

  • DIARY- Top Economic Events to May 27 Wednesday, 13 May 2015 | 8:01 PM ET

    WASHINGTON- European Central Bank President Mario Draghi will give the Michel Camdessus Central Banking Lecture at the International Monetary Fund- 1400 GMT. LONDON- Bank of England member Don Kohn speaks to the Society of Business Economists- 1700 GMT. OTTAWA- Bank of Canada publishes its semi-annual review, with articles on Inflation Dynamics in the...

  • May 12- U.S. Justice Department may reverse its agreement not to prosecute Swiss bank UBS Group AG over manipulation of benchmark interest rates, Bloomberg reported, citing a person familiar with the matter. A Justice Department official said in March that banks that have non-prosecution agreements over failures to police transactions for criminal...

  • ZURICH, May 12- A major shareholder in Adecco, Milwaukee- based fund manager Artisan Partners, is calling on the staffing firm to change its mind over a new chief executive it announced last week, in comments made to Swiss newspaper Finanz und Wirtschaft. Shares in Switzerland's Adecco tumbled after it said CEO Patrick de Maeseneire was leaving and would be...

  • ZURICH, May 12- A major shareholder in Adecco, Milwaukee- based fund manager Artisan Partners, is calling on the staffing firm to change its mind over a new chief executive it announced last week, in comments made to Swiss newspaper Finanz und Wirtschaft. Shares in Switzerland's Adecco tumbled after it said CEO Patrick de Maeseneire was leaving and would be...

  • US OK'd most Bill Clinton speech requests within days Tuesday, 12 May 2015 | 3:18 AM ET

    WASHINGTON— State Department officials under Secretary of State Hillary Rodham Clinton moved quickly when aides to Bill Clinton asked them in March 2010 to approve plans for the former president to address clients of a multinational British bank, Barclays. The long-running case had hardly been a secret: Barclays had openly acknowledged in its annual...

  • May 12- A top Federal Reserve official said on Tuesday he does not know when interest rates will rise, but he tempered that uncertainty by applauding an apparent consensus between markets and the U.S. central bank that it will happen later this year. William Dudley, president of the New York Fed and a close ally of Fed Chair Janet Yellen, mostly repeated recent...