Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.» Read More
LONDON, Aug 21- Copper steadied on Thursday after U.S. data signaled a strengthening economy, but sluggish growth elsewhere in the world kept the metal under pressure.
LONDON, Aug 21- Standard Chartered on Thursday said it would work with regulators after the United Arab Emirates central bank warned it could face legal action after agreeing to close some customers' UAE accounts in an anti-money laundering settlement. "We have noted the announcement made by the UAE Central Bank.
ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.
LONDON, Aug 21- Copper, aluminum and other base metals fell on Thursday after downbeat data on business activity in China and Europe, but investors were cautious about selling just a day after some were forced to bail out of short positions.
SYDNEY, Aug 21- London copper stayed around $7,000 a tonne mark on Thursday after a gauge on China's factory health showed growth slowed in August, denting optimism over demand fuelled by brightening prospects in the United States.
NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.
*All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.
TOKYO/ SINGAPORE, Aug 20- The dollar touched an 11- month high against a basket of major currencies on Wednesday after positive U.S. housing data the previous day fed hopes that the world's biggest economy is strengthening.
NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.
Standard Chartered's Hong Kong and UAE businesses both had a "significant amount of the potentially high-risk transactions."
NEW YORK, Aug 18- Standard Chartered Plc is close to a deal to pay between $200 million and $300 million to resolve allegations by New York's banking regulator that it failed to review high-risk transactions, two years after agreeing to reform its practices, a person familiar with the matter said on Monday.
In June 2013, Bank of Tokyo-Mitsubishi agreed to pay $250 million to New York State for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with Iran and other sanctioned countries.
BEIJING, Aug 18- China's new home prices fell in July from June for a third straight month and price softness spread to more major cities, underlining a worsening property downturn despite efforts by many local governments to shore up the sector.
NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.
BEIJING, Aug 14- China's surprisingly sharp and sudden drop in credit has strengthened the case for the central bank to cut interest rates, but policy insiders believe it will be reluctant to take more aggressive steps and for now will stick to more targeted measures.
China's economy showed signs of softening, suggesting more policy support may be needed to keep growth on track as a property downturn worsens.
Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity.
Aug 11- Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.
News of U.S. authorized air strikes in Iraq on Friday reaffirmed that geopolitical tensions will remain an overhang for markets for some time.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.