The yen dipped against the dollar and euro on a slight reduction in geopolitically-inspired risk aversion that lifted equities across Asia.» Read More
*Credit Suisse to exit commodities trading. ZURICH, July 22- Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc settlement with U.S. authorities over helping its clients evade taxes.
ZURICH, July 22- Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business.
TOKYO, July 22- Asian stocks edged up in early trading on Tuesday, though the upside was capped by lingering concerns about the Ukraine crisis and violence in Gaza which pressured U.S. yields and the dollar.
July 21- The U.S. commonwealth of Puerto Rico asked a federal court to dismiss as premature a lawsuit filed by U.S. mutual funds that sought to strike down a recently enacted Puerto Rican law that the funds said posed a threat to American investors.
WASHINGTON, July 21- The head of a powerful U.S. Senate panel has accused Deutsche Bank AG and Barclays Plc of helping hedge funds avoid taxes, calling for tougher action from the authorities.
NEW YORK, July 21- BNP Paribas SA's $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks.
July 21- Volume in Barclays Plc's private U.S. trading venue, or "dark pool," fell 79 percent in the week and a half after the New York attorney general accused the British bank of giving an unfair edge to high-speed traders, according to data released on Monday.
LONDON, July 21- Britain's anti-fraud agency said on Monday it has launched a criminal investigation into alleged rigging of the $5.3 trillion- a-day currency market.
*Holiday in Japan saps currency markets. LONDON, July 21- The euro climbed against the dollar on Monday as subdued U.S. yields capped the greenback, while the yen was supported by safe-haven inflows. Volumes, though were light due to a holiday in Japan.
*Holiday in Japan saps currency markets. SYDNEY, July 21- The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.
HONG KONG, July 21- China's yuan weakened against the dollar on Monday, extending last week's losing streak as investors judged the latest growth numbers would not trigger a fresh bounce in the currency in the near term as the broader economic outlook remains cloudy.
NEW YORK, July 18- After more than a year of scaling back in commodities, Morgan Stanley is ready to expand. For example, Morgan Stanley is looking at making more loans to energy producers and sell more commodity-linked products to retail investors, the sources told Reuters. Commodities trading was big for Morgan Stanley before the financial crisis.
July 18- Shares of Trupanion Inc rose as much as 15 percent in their market debut, valuing the pet insurer at $304 million, as investors bet on growing demand among pet owners to insure their cats and dogs.
BEIJING, July 18- China's new home prices fell in June from May for a second straight month and analysts forecast the falls would continue- sparking a surprise rally in Chinese property stocks as investors anticipated imminent government support.
BEIJING, July 18- China's new home prices fell in June from May for a second straight month and are expected to continue declining- a challenge for Beijing if prices fall too sharply and weigh further on the broad economy.
July 17- Gentiva Health Services Inc rejected Kindred Healthcare Inc's offer to buy a stake in the home healthcare services provider in favor of a $634.2 million buyout offer from an unnamed party. The offer values Gentiva at about $634.2 million based on the 36.8 million shares outstanding as of March 7.
LONDON, July 17- Britain's financial watchdog said it had prioritized the worst cases of Libor benchmark interest rate fixing, providing a signal that the largest fines for banks' alleged role in the scandal may already have been levied.
SHANGHAI, July 17- A little-known construction firm is at risk of becoming the first borrower to default in China's largest bond market, highlighting how Beijing's anti-corruption drive could aggravate financial pressure on the struggling real estate sector.
SYDNEY/ TOKYO, July 17- The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank. Traders said recent upbeat UK data had prompted investors to switch into sterling from the euro.
SYDNEY, July 17- The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank. Traders said recent upbeat UK data had prompted investors to switch into sterling from the euro.