European shares were lower in morning trade with investors reacting to quarterly earnings and some disappointing data from the euro zone.» Read More
SINGAPORE, July 31- Singapore risks tarnishing its business-friendly reputation by implementing new labour laws that require companies to prioritise hiring locals over foreigners for middle income jobs, analysts say.
*IRS auditing thousands of U.S. citizens in Israel. TEL AVIV, July 31- It was called the " Israel Project", an operation by the U.S. Internal Revenue Service that has uncovered false claims for child tax credits involving an estimated tens of millions of dollars filed by U.S. citizens living in Israel.
ZURICH, July 31- Swiss bank Credit Suisse on Thursday became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
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.
Salmaan Siddiqui, who pleaded guilty in 2012 to one conspiracy count and agreed to cooperate with the government, was ordered to forfeit $150,000 by U.S. District Judge Paul Crotty in New York but did not receive any prison term. The two men had worked for Kareem Serageldin, once Credit Suisse's global head of structured credit.
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.
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.
*Finance Ministry cuts 2014 GDP growth f'cast to 2 pct from 2.6 pct. The poor output figures increases worries that Southeast Asia's second-largest economy may have slipped into recession in the second quarter, though the Finance Ministry said there was a little growth in April-June.
BANGKOK, July 30- Thai factory output fell nearly twice as much as expected in June, the latest piece of data signaling that eased political tension is not yet generating a revival for the struggling economy. In June, factory output dropped 6.6 percent from a year earlier, the Industry Ministry said on Wednesday.
NEW YORK, July 29- With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports.
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.
*Russia to appeal "politically biased decision". MOSCOW/ LONDON/ AMSTERDAM, July 28- An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
*Ruling comes amid turmoil in Ukraine and East-West rift. MOSCOW/ LONDON/ AMSTERDAM, July 28- The Hague's arbitration court ruled on Monday that Russia must pay a group.
LONDON— Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
TOKYO, July 28- Japan's Nikkei average rose to six-month highs on Monday, and looked poised to test key resistance levels around 15,500 points, on hopes of continued improvement in corporate earnings. 0.5 percent at 15,530.29, its highest level since Jan. 23, reversing early losses that followed Friday's weakness on Wall Street.
ZURICH, July 26- About 80 of the 106 Swiss banks that signed up for a deal with U.S. tax authorities could be fined less than they had feared for their role in helping wealthy Americans cheat on their taxes, but must widen their cooperation, a Swiss newspaper reported.
WASHINGTON— Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday.
NEW YORK, July 24- U.S. authorities' $8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among many other things. In some places- particularly New York state- that is leading to ugly wrangling over how to spend it.
India stocks have sped ahead, rallying more than 23 percent so far this year, but Goldman Sachs sees a potential speed bump from looming share sales.
LONDON, July 23- The latest quarterly Reuters poll of base metals analysts was out earlier this week, and it lays bare the extent to which the entire market was blindsided by Indonesia's January ban on the export of unprocessed minerals.