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  • *Citi lowers oil price outlook. LONDON, Aug 17- Oil prices fell towards six-year lows on Monday after data showed 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 world's third biggest oil consumer, shrank in the second quarter from a year earlier,...

  • *MSCI Asia-Pacific index down as yuan woes weigh on China stocks. TOKYO, Aug 17- Asian stocks were dragged lower by volatile Chinese equities on Monday, as relative stability in the yuan failed to assuage underlying concerns that Beijing may push its currency further down after last week's surprise devaluation. The index added to last week's loss of 2.6 percent...

  • Dollar bull run hits global dividend payouts Monday, 17 Aug 2015 | 12:00 AM ET
    Stock dividend check

    Strength in the U.S. dollar continues to weigh on dividend payouts, which fell around the world for a third consecutive quarter between April and June, new data from Henderson Global Investors showed.

  • *MSCI Asia-Pacific index down 0.7 pct as China stocks slip. The index added to last week's loss of 2.6 percent suffered after Beijing devalued the yuan, buffeting global financial markets and fanning concerns about China's economy. Futures trading also reflected underlying investor pessimism towards an equity market Beijing has tried desperately to prop...

  • *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,...

  • Fidel Castro's biggest financial regrets Friday, 14 Aug 2015 | 2:44 PM ET
    Photo taken in the 60's of then Cuban Prime Minister Fidel Castro(R) during a meeting next to Argentine guerrilla leader Ernesto Che Guevara.

    Fidel Castro once revealed some uncharacteristic financial regrets when seeking help for Cuba from a U.S. banker in 1980.

  • 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...

  • What former US buildings in Cuba look like now Friday, 14 Aug 2015 | 12:15 PM ET
    The U.S. embassy in Havana, Cuba on Aug. 12, 2015.

    More than 50 years ago, Cuba seized foreign-owned properties and put them under control of the state. Here's what they look like now.

  • UPDATE 8-U.S. crude oil steadies from 6-1/2-year low Friday, 14 Aug 2015 | 9:50 AM ET

    *Citi downgrades 2015 WTI price forecast to $48. *Weak yuan puts downward pressure on commodities- Goldman Sachs. U.S. crude hit an intraday low of $41.35 a barrel, its lowest since March 2009, before recovering to $42.86 by 1338 GMT, up 63 cents on the day.

  • Settlement reached in forex lawsuit Friday, 14 Aug 2015 | 6:00 AM ET
    Settlement reached in forex lawsuit

    $2 billion in settlements announced in foreign exchange currency-rigging lawsuit.

  • TOKYO/ SINGAPORE, Aug 14- Asian shares were mostly higher on Friday, but still on track for a steep weekly loss in the wake of China's surprise currency devaluation earlier in the week. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.06 percent, poised to end the week down 2.6 percent. The People's Bank of China set its midpoint yuan rate at 6.3975...

  • 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...

  • Earlier this month, executives at Caixa Econômica and bankers working on the initial public offering of Caixa Seguridade Participações SA met with large investors in New York, London and São Paulo. Topics covered included Caixa Seguridade's business, the renewal of a partnership with French partner CNP Assurances SA and how Brazil's current political...

  • *Philip Morris had aimed to raise at least $1 bln by cutting stake. JAKARTA, Aug 13- Philip Morris- owned Indonesia cigarette maker Sampoerna is planning a rights issue that will raise nearly $2 billion to meet stock exchange free-float rules, in what will be the Southeast Asian nation's biggest share sale in seven years. Sources previously said that Philip Morris...

  • NEW YORK, Aug 12- U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. The yuan weakened for a second straight day on Wednesday after China devalued its main reference rate on Tuesday, and the currency hit a four-year low against the dollar, further...

  • *CBOE volatility index jumps to one-month high. *Alibaba falls to record low as revenue growth slows. Apple, for whom China is key growth market, fell 3.4 percent earlier in the session, before reversing course to trade up 1 percent to $114.64.

  • Confessions of an overseas banker Wednesday, 12 Aug 2015 | 7:00 AM ET
    Hong Kong

    Here's why New York executives will do ANYTHING to snag a trip to Asia, says @GSElevator mastermind John LeFevre.

  • China, Hong Kong shares depressed as yuan slides again Wednesday, 12 Aug 2015 | 12:59 AM ET

    SHANGHAI, Aug 12- China stocks slipped on Wednesday morning, after the yuan fell sharply for a second day, fuelling fears that money could flow out of the country's equity markets into U.S. dollar assets. Hong Kong stocks also fell, taking their cue from the mainland and sluggish global markets. Chinese air carriers slumped for the second day in both China and Hong...

  • Aug 11- General Electric Co said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion. Citigroup Global Markets and J.P. Morgan Securities LLC advised GE and Hogan Lovells US LLP was the legal adviser. Credit Suisse and Wells Fargo Securities were financial advisers to Capital One and Wachtell,...

  • NEW YORK, Aug 10- Citigroup Inc agreed to pay $13.5 million to settle a lawsuit accusing the bank of deceiving investors into remaining in its Corporate Special Opportunities hedge fund, only to suffer big losses when the fund was liquidated in November 2008, court papers filed on Monday show. The lawsuit accused Citigroup and its Citigroup Alternative...