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  • LONDON, July 28- Goldman Sachs has inflamed further an already heated argument between analysts over the outlook for the copper market. The Wall Street heavyweight has positioned itself as a super bear, slashing its short, medium and long-term forecasts by as much as 44 percent in the case of 2018. Cash copper, currently trading around $5,200 per tonne, will fall...

  • *Tin matches May 8 high. LONDON, July 28- Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Benchmark copper on the London Metal Exchange was up more than 1 percent at $5,255 a tonne at 1057 GMT from $5,188 at the close on...

  • European shares close sharply lower on China concerns Monday, 27 Jul 2015 | 12:28 PM ET

    *China- exposed stocks among top decliners. LONDON, July 27- European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results. But shares fell further following a weaker start on Wall Street on concerns that China's growth prospects were...

  • LONDON, July 27- The jury in the London trial of former trader Tom Hayes, who is charged with eight counts of conspiracy to defraud by manipulating global Libor interest rates, retired on Monday to consider its verdict after hearing nine weeks of evidence. Hayes, a 35- year-old former UBS and Citigroup yen derivatives trader based in Tokyo, pleaded not guilty to...

  • Hayes, a 35- year-old former UBS and Citigroup yen derivatives trader based in Tokyo, pleaded not guilty to charges he conspired to rig the London interbank offered rate, a benchmark for $450 trillion of financial contracts and loans worldwide, between 2006 and 2010..

  • U.S. consumer electronics firm Vizio files for IPO Friday, 24 Jul 2015 | 5:57 PM ET

    July 24- Consumer electronics company Vizio Inc filed with U.S. regulators on Friday to raise up to $172.5 million in an initial public offering of Class A common stock. BofA Merrill Lynch, Deutsche Bank Securities and Citigroup are among the underwriters of the IPO, Vizio told the U. S Securities and Exchange Commission in a preliminary prospectus.

  • July 24- The U.S. Department of Justice has expanded its money-laundering probe to Citigroup Inc's Mexican unit, Bloomberg reported on Friday. Citigroup's Banamex USA unit was already under investigation by U.S. regulators for possible breaches of anti-money laundering laws. The latest investigation looks at whether Citigroup let customers move illegal...

  • *AbbVie CEO sees 2015 Humira growth in mid-teens. July 24 (Reuters)- AbbVie Inc reported quarterly revenue that missed analysts' estimates for the first time in six quarters, sparking concerns over slowing sales growth for its flagship arthritis drug, Humira. AbbVie reported total Humira sales of $3.54 billion for the quarter ended June 30, a 7.6 percent fall from a...

  • LONDON, July 24- A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70 percent of iron ore consumption and vies with India to be the top gold consumer. China's economy is seen...

  • *Copper hits lowest since July 2009. NEW YORK, July 24- Metals prices hit multi-year lows, and stock markets and oil prices declined on Friday, as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Adding to the bearish tone for Wall Street, Democratic presidential candidate Hillary Clinton is expected to...

  • LONDON, July 24- Oil prices neared four-month lows on Friday, set for their fourth straight week of declines, after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. Data showing activity in China's manufacturing sector shrank at the fastest pace in 15 months in July adds to concern about demand at a time when...

  • 22 banks accused of Treasury auction manipulation Friday, 24 Jul 2015 | 7:22 AM ET
    US Treasury in Washington, DC.

    Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday.

  • LONDON, July 24- Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

  • The British publisher posted on Friday a small fall in first-half earnings, a day after Japan's Nikkei agreed to buy the global business newspaper for $1.3 billion. However, the period accounts for just 10 percent of annual operating profit due to the timing of the academic year and Chief Executive John Fallon said the firm was doing well, particularly in North...

  • LONDON, July 24- Brent crude oil prices neared four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies. "Concerns around the demand environment were heightened further today by the PMI read out of China," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

  • The State-Boston Retirement System, the pension fund for Boston public employees, accused Bank of America Corp's Merrill Lynch unit, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase& Co, UBS Group AG and 14 other defendants of illegally trying to profit on the sale of Treasury bills, notes and bonds at...

  • NEW YORK/ LONDON, July 23- Gold turned lower on Thursday, dipping back below $1,100 an ounce as a steeper-than-forecast drop in U.S. jobless claims helped the dollar recover from earlier lows, though prices remained under pressure after this week's plunge. Gold posted its deepest one-day loss in nearly two years on Monday, pushing prices through key chart levels...

  • Departing BofA CFO Thompson will be missed - analysts Thursday, 23 Jul 2015 | 1:13 PM ET

    July 23- Bank of America Corp's surprise move to replace Chief Financial Officer Bruce Thompson got a less-than-enthusiastic reception from at least two prominent Wall Street analysts. Bank of America didn't explain the reasons behind the overhaul, but it came four months after the second-largest U.S. banks by assets barely passed a Federal Reserve stress...

  • *U.S. banks seen winning share despite Europe markets boom. LONDON, July 23- While Europe's financial markets are buzzing with billions of dollars of stimulus from the European Central Bank, U.S. financial houses look set to be the biggest beneficiaries of the surge in business as European banks continue to retrench. The U.S. banks all clearly think there is more...

  • LONDON, July 23- Gold pared gains on Thursday, slipping back below $1,100 an ounce as a steeper-than-forecast drop in U.S. jobless claims helped the dollar recover from earlier lows, though prices remained under pressure after this week's plunge. Gold posted its deepest one-day loss in nearly two years on Monday, pushing prices through key chart levels and...