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  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market-sensitive information. On Monday, ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers,...

  • May 20- Oilfield services provider Halliburton Co and contract driller Transocean Ltd said they have settled all claims with BP Plc related to the 2010 Gulf of Mexico oil spill. Halliburton, which did the cementing work for BP's well, had earlier blamed BP's decision to use only six centralizers for the blowout that spilled millions of barrels of oil for 87 days.

  • HONG KONG, May 21- China's investors are fuelling their own version of a dotcom bubble going by the meteoric rise in the shares of a newly-listed Internet video company. "The forces are much too strong to make any bubble burst or any stock market to go down right now," said Josef Schuster, founder of IPO research and investment firm Ipox Schuster LLC.

  • *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.

  • LONDON, May 20- The European Union risks pricing itself out of the global economy by excessive regulation, British finance minister George Osborne said on Wednesday, making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member. Osborne was addressing business leaders in London in one of his first major speeches after an...

  • ECB under fire over market-sensitive closed-door speech Wednesday, 20 May 2015 | 3:15 PM ET

    *ECB speech released only day after delivery. LONDON/ FRANKFURT, May 20- The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended released. Coeure gave the speech to the conference in London, which was also attended by bankers and academics, on Monday evening.

  • LONDON, May 20- British finance minister George Osborne will set out plans on Wednesday to streamline the sale of 23 billion pounds of bank shares and other publicly owned assets by creating a new government-run company. In a speech to business leaders in London, Osborne will highlight the plan as part of a drive to improve Britain's low productivity- which he...

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market sensitive information. ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers, bankers and...

  • Russia budget crunch shows no quick end to economic pain Wednesday, 20 May 2015 | 2:18 PM ET

    MOSCOW, May 20- Russian Finance Minister Anton Siluanov warned on Wednesday the country would face no choice but to rein in public spending over the next few years, highlighting how Russia is still in deep economic trouble even if it has dodged an immediate meltdown. Russia was tipped into crisis by last year's sharp drop in oil prices, compounded by Western...

  • NEW YORK, May 20- Benjamin Lawsky is stepping down as New York state's top financial regulator in June, after four years of running the newly created agency and bringing cases against a variety of defendants on Wall Street. A former chief of staff for New York Governor Andrew Cuomo, Lawsky was nominated to be head of the NYSDFS by Cuomo in 2011. He grabbed headlines...

  • NEW YORK/ LONDON, May 20- Citigroup Inc and JPMorgan Morgan Chase& Co are receiving regulatory waivers to allow them to continue to quickly issue new securities and continue doing business with mutual funds and exchange-traded funds, according to two people familiar with the matter. Barclays Plc, another bank that agreed to plead guilty on Wednesday to U.S....

  • FOREX-Dollar's gains spurred by ECB's bond buying plans Wednesday, 20 May 2015 | 11:39 AM ET

    *Eyes on Fed, ECB meeting on Greece. NEW YORK, May 20- The dollar hit a three-week high against the euro and a two-month peak versus the yen on Wednesday, extending a rebound rally underpinned by European Central Bank plans to frontload its quantitative easing program in a move to keep interest rates low. "The ECB has taken the wind out of the euro's sails," said Mark...

  • New Liquidnet venue seeks to tame bond jitters Wednesday, 20 May 2015 | 10:59 AM ET

    *Dark-pool bond platform due in "a few months"- CEO. *Aims to make difference in liquidity-parched market. LONDON, May 20- Liquidnet will launch its new bond-trading platform in "a few months" and aims to help tame recent volatility in market prices by adding liquidity, the head of the U.S. dark-pool operator told Reuters on Wednesday.

  • NEW YORK, May 20- Five of the world's largest banks, including JPMorgan Chase& Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. British banks Barclays Plc will pay $650 million in criminal penalties and Royal Bank of Scotland...

  • *America Movil first bought KPN stake in 2012. AMSTERDAM/ LONDON, May 20- Mexican telecoms group America Movil completed a 3 billion euros sale of bonds exchangeable for KPN shares, leading to a possible exit by the Dutch firm's largest shareholder after three difficult years. "America Movil has received cash today for the value of that stake, then they look five...

  • Asian stock markets uneven after weak China data Wednesday, 20 May 2015 | 10:26 AM ET

    NEW YORK— The stock market showed little life on Wednesday as it closed yet another trading day barely changed from the day before. "There's no real reason to rally and no real reason to decline," said Matthew Tuttle, CEO of money manager Tuttle Tactical Management. Etsy plunged 18 percent after its first earnings report as a publicly traded company showed a hefty...

  • *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...

  • *Kuwait, Bahrain parliaments probing national funds. Issue of wasting resources becomes more sensitive. DUBAI, May 20- Running sovereign wealth funds in the Gulf has become an awkward business in the era of cheap oil, as their managers face growing pressure from politicians and the public to prove they're investing national reserves wisely.

  • LONDON, May 20- The British trader fighting extradition to the United States after being accused of helping trigger the 2010 Wall Street "flash crash" faces months in custody after London's High Court refused to remove a 5 million-pound surety bail condition. Navinder Sarao, 36, was arrested by British police on a U.S extradition warrant a month ago after being...

  • May 20- Valeant Pharmaceuticals International Inc is in talks to buy Egyptian drugmaker Amoun Pharmaceutical Co to expand its veterinary and human medicines portfolio, Bloomberg reported, citing people familiar with the matter. A sale could value Amoun at $700 million to $800 million, Bloomberg reported. Should Amoun fail to find a buyer, it may consider an...