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  • LONDON, Aug 18- The dollar edged up on Tuesday, as focus shifted back to the prospect of the Federal Reserve raising interest rates and concerns eased that last week's devaluation of China's yuan could spark a global currency war. The data is likely to highlight subdued price pressures amid falling oil prices, and could raise doubts over when the Bank of England...

  • SINGAPORE/ TOKYO, Aug 18- The dollar edged higher on Tuesday, as focus shifted back to the prospect of the U.S. Federal Reserve raising interest rates amid receding concerns that last week's devaluation of China's yuan could spark a global currency war. "As long as China doesn't continue to aggressively devalue the Chinese yuan, we will see it in the next six months...

  • TOKYO, Aug 18- The dollar held firm against its peers on Tuesday, as focus shifted back to the prospects of interest rate hikes by the Federal Reserve amid receding concerns that last week's devaluation of China's yuan could spark a global currency war. The dollar gained modestly to 124.43 yen, continuing to pull away from a 12- day low of 123.79 struck last week...

  • Europe shares knocked by disappointing U.S. data Monday, 17 Aug 2015 | 10:29 AM ET

    *Alstom surges on signs that GE deal to get approval. Benchmark indexes in Paris and Milan held up relatively well, however, with shares of French industrial group Alstom outperforming on bets its takeover will be approved. Alstom shares rose 7 percent after two people familiar with the matter told Reuters that General Electric was expected to get EU approval...

  • Deal-making hopes, earnings lift Europe shares Monday, 17 Aug 2015 | 6:39 AM ET

    *Alstom surges on signs that GE deal to get approval. LONDON, Aug 17- European stocks rose on Monday, rebounding from losses last week caused by worries over currency devaluation in China, with French industrial group Alstom outperforming on bets its takeover will be approved. Alstom shares rose 6.9 percent after two people familiar with the matter told Reuters...

  • Alstom surges on signs that GE deal to get approval. LONDON, Aug 17- European stocks rose on Monday, rebounding from losses last week caused by worries over currency devaluation in China, with shares in French industrial group Alstom outperforming. Alstom shares rose 6.2 percent after two people familiar with the matter told Reuters that General Electric was...

  • *Citi lowers base case oil price forecast. SINGAPORE, Aug 17- Oil prices fell to near six-year lows on Monday as Japan's economy contracted and producers in the United States added drilling rigs for a fourth straight week despite a recent rout in prices. Japan's economy, the second biggest in Asia and No.3 in the world, shrank in the second quarter from a year earlier,...

  • *China keeps yuan in check in record weekly decline. The greenback stabilized after weakening earlier this week when China devalued its currency, roiling global financial markets and stoking worries about the world's No. 2 economy. The data continue to show improvement, " Eric Viloria, currency strategist at Wells Fargo Securities in New York.

  • NEW YORK, Aug 14- BNP Paribas SA has agreed to pay $115 million to settle U.S. investor lawsuits accusing 16 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market, a person familiar with the matter said on Friday. Of those banks, the plaintiffs have announced the terms for only four of their settlements, leaving unconfirmed how much BNP...

  • LONDON, Aug 14- The year so far has been a good-news story for the top brass of equities trading, with big European investment banks and exchanges reporting bumper revenue and volume increases. While activity has been helped by a resurgence of volatility due to things such as the European Central Bank's bond-buying, Greece's fight to avert bankruptcy and the...

  • MILAN, Aug 14- A recovering European car market, improving margins and well-received new models could underpin Fiat Chrysler Automobiles shares even after the spin-off of luxury brand Ferrari, when some analysts predict a reversal for the stock. In particular, they have leapt more than 80 percent since October, when CEO Sergio Marchionne announced plans to...

  • *Industrial production increases 0.6 percent in July. WASHINGTON, Aug 14- U.S. industrial output advanced at its strongest pace in eight months in July as auto production surged, another bullish sign for third-quarter economic growth that boosts the prospects of a Federal Reserve interest rate hike next month. "It adds to the steady drum-beat of solid...

  • MILAN, Aug 14- A recovering European car market, improving margins and well-received new models could underpin Fiat Chrysler Automobiles shares even after the spin-off of luxury brand Ferrari, when some analysts predict a reversal for the stock. In particular, they have leapt more than 80 percent since October, when CEO Sergio Marchionne announced plans to...

  • LONDON, Aug 14- European stocks edged higher on Friday, buoyed by auto and travel stocks, although they remained on course for a weekly decline after China moved to weaken its currency. After devaluing the yuan early in the week, China's central bank said on Thursday the country's strong economy meant there was no reason for the currency to fall further, helping to...

  • PARIS, Aug 14- The French economy came to an unexpected standstill in the three months to June after a strong first quarter, as a jump in exports was not strong enough to offset the impact of weak consumer spending and changes in inventories. "Today's 0.0 percent figure is therefore a rather bad surprise, dampening hopes of significantly above 1.0 percent GDP...

  • HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc are among the latest banks to reach settlement in the class action litigation, Christopher Burke, the lawyer, said in federal court in Manhattan. Goldman Sachs has agreed to pay $129.5 million, a person familiar with the matter said. The Wall Street Journal in June reported that HSBC would...

  • HSBC Holdings PLC, Barclays PLC, BNP Paribas SA and Goldman Sachs Group Inc are among the latest to banks reach settlement in the class action litigation, Christopher Burke, a lawyer for the investors, said in Manhattan federal court.

  • HSBC Holdings PLC, Barclays PLC, BNP Paribas SA and Goldman Sachs Group Inc are among the latest to banks reach settlement in the class action litigation, Christopher Burke, a lawyer for the investors, said in Manhattan federal court.

  • Aug 13- A judge on Thursday found that BP Plc manipulated the natural gas market as alleged by the U.S. energy regulator, but did not address a proposed $28 million fine against the UK oil major or any other penalties. The biggest penalties paid to date were JPMorgan Chase& Co's $285 million fine in 2013 and Constellation Energy's $135 million fine in 2012, both to...

  • NAIROBI, Aug 13- Barclays Bank of Kenya has earmarked 30 billion shillings for lending to small and mid-sized business as it seeks to catch up with profit growth at rivals. But results from Barclays Kenya, a unit of Barclays Plc, showed on Thursday it is lagging local rivals, with pretax profits up 5 percent in the first half of the year. Equity Bank and KCB Group,...