Stocks Drop as Fed Tapering Fears, Weak China Data Rattle Markets
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German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.
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*Hopes for China policy easing fade, weak data in focus. LONDON, May 14- Copper fell nearly 2 percent on Tuesday hit by a sharp rise in London Metal Exchange stocks and as markets digested Monday's softer-than-expected factory growth data from top copper consumer China.
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SINGAPORE, May 14- London copper fell 1.4 percent on Tuesday after comments in China's official media suggested Beijing is unlikely to ease monetary policy, dashing hopes that the government would stimulate an economy that is the world's top user of the metal.
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LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
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DUBAI/ NEW YORK, May 11- One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the situation.
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*UAE would pay up to 80 percent of the operating costs. The United States has pre-clearance centers at 15 locations in Canada, Aruba, Bermuda, the Bahamas and Ireland, according to the U.S. Customs and Border Protection website.
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WASHINGTON, May 10- An agreement to extend U.S. customs pre-clearance operations to Abu Dhabi International Airport in the United Arab Emirates has drawn criticism from a group of U.S. senators, who are pressing for more information on the pact.
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FRANKFURT, May 10- German prosecutors said on Friday they had arrested two Dutch citizens suspected of involvement in a $45 million global cyber heist unveiled the previous day by U.S. authorities. A 35- year-old man and a 56- year-old woman were caught on Feb. 19 withdrawing 170,000 euros in Düsseldorf using Bank of Muscat credit cards.
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DUBAI, May 10- A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the United States and beyond.
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NEW YORK/ BOSTON, May 9- In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.
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May 9- The president of Puerto Rico's Government Development Bank on Thursday denied a news report that the Caribbean island's highways authority might default on a bond payment.
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LONDON/ WASHINGTON, May 9- A joint effort by Britain, the United States and Australia to track down people who conceal wealth in offshore tax structures has helped identify more than 100 individuals, the UK's tax authority said on Thursday. "The message is simple: if you evade tax, we're coming after you," said Britain's Finance Minister George Osborne.
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May 9- A small-batch vodka made in Austin, Texas, has found its way onto one of the world's biggest airlines. Tito's Handmade Vodka, created by geologist and geophysicist Bert "Tito" Beveridge, is now the exclusive vodka supplier to United Airlines, the companies are set to announce on Friday.
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May 9- Freeport-McMoRan Copper& Gold Inc said on Thursday it does not plan to raise its more than $6 billion offer for Plains Exploration& Production Co, calling the terms of the friendly deal "best and final." That was below the value of Freeport's cash and stock bid for the company, currently worth around $46.50.
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A New York- based group hacked into credit card processors' computers to steal Mastercard Inc debit card data, which they used to make approximately 36,000 transactions over a total of 10 hours in 24 countries, the Justice Department said.
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SANTO DOMINGO, May 8- The Dominican Republic and Barrick Gold Corp have reached a preliminary agreement to boost the government's cut of profits from a gold mine in the Caribbean nation, easing investor doubts over the future of one of the world's largest new gold projects.
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WASHINGTON, May 8- The Senate's top Republican on Wednesday came out strongly against President Barack Obama's labor secretary nomination, accusing Thomas Perez of being a crusading ideologue who would bend the laws to advance his agenda.
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NEW YORK, May 8- When Barbara Grover and her husband received an inheritance they were not expecting five years ago, they planned a luxurious family trip. Rather than plowing the money back into retirement savings, the Grovers took their two daughters as well as their spouses and children along on an eight-day safari in Tanzania.
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May 7- BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata Corp, BMW said on Tuesday.
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The latest recall includes BMW's popular 3- Series sedans, coupes, convertibles and station wagons. In BMW's home market of Germany, 64,044 vehicles will be recalled. In the United States, the National Highway Traffic Safety Administration said 42,080 BMW vehicles will be recalled.
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May 7- BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata Corp, BMW said on Tuesday. The latest recall includes BMW's popular 3- Series sedans, coupes, convertibles and station wagons.