The dollar held below a 10-month peak after soaring on U.S. growth data, with mixed views from the Federal Reserve tempering the rally.» Read More
*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY/ TOKYO, July 31- The dollar held below a 10- month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY, July 31- The U.S. dollar held below a 10- month peak against a basket of major currencies early on Thursday, having soared at first on upbeat growth data only to have a dovish Federal Reserve take some steam out of the rally.
*New South Wales wants $10 bln for 49 pct of electricity network. Rooftop solar installations are booming and on-grid energy use is falling just as the government of New South Wales state prepares to offer a 49 percent stake in its electricity distribution network for around $10 billion, likely to one or more strategic investors.
LONDON, July 30- Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tightens its regulatory clampdown on wrongdoing in the financial sector.
LONDON, July 30- Britain's Serious Fraud Office is examining material that might trigger a criminal investigation into former and current staff at Lloyds Banking Group, the partly state-owned bank, sources said on Wednesday. The SFO simply said it worked closely with UK and overseas agencies.
BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.
LONDON— The CEO of Barclays said having provisions to claw back bankers' bonuses, as outlined by regulators on Wednesday, is a good idea in principle. Antony Jenkins told the BBC that such provisions are useful, though he was awaiting the details. Jenkins has made corporate responsibility a key pillar of his tenure at Barclays, Britain's second-biggest bank.
July 30- Total global commodity assets under management rose to $325 billion in June 2014 from $317 billion in May 2014, Barclays Capital said on Wednesday. "We estimate that there was a small net inflow of around $300 million into commodity investments during June," the bank said.
MOSCOW, July 30- Moscow shares, bonds and the rouble will most probably weaken at the open on Wednesday, after the European Union announced its widest sanctions yet against the Russian economy.
July 29- New York's banking regulator is seeking to place government monitors in the U.S. offices of Deutsche Bank AG and Barclays Plc as part of its investigation into the foreign-exchange market, a person familiar with the matter said.
NEW YORK, July 29- The U.S. dollar hit fresh eight-month highs against the euro on Tuesday and advanced against the yen and Swiss franc on expectations for positive U.S. economic data and a potentially more hawkish tone from the Federal Reserve.
July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash, to focus on its larger solid waste business.
LONDON, July 29- On the surface at least, much has changed in the London Metal Exchange warehousing business over the past year. The exchange has much more work to do if it wants to rectify a delivery system that has ruptured relations with some of its users and generated a spate of lawsuits in the United States.
FRANKFURT/ ZURICH, July 29- Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
An investor is suing Barclays over losses suffered after New York's attorney general accused the bank of lying about its electronic trading platform.
LONDON, July 29- A U.S. investor is suing Barclays Plc and current and former bosses over losses suffered after New York's attorney general accused the British bank of lying to customers regarding its electronic trading platform.
UBS AG said its net profit for the April-June period rose to 792 million Swiss francs from 690 million francs in the comparable period in 2013.. Shares in UBS slid 1.81 percent to close at 16.32 francs in Zurich trading Tuesday.
The ties between Britain’s banks and its economy have always been close, but they seem to have become even tighter in the post-banking bailout era.
*Fined 105 mln stg by UK Financial Conduct Authority. *Bank of England says Lloyds behavior' clearly unlawful'.