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  • NEW YORK, Nov 10- Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks. The lawsuit filed in U.S. District Court in Brooklyn, New York, named Barclays Plc, Credit Suisse...

  • U.S. rules would expand white collar crime informers Monday, 10 Nov 2014 | 11:11 AM ET

    WASHINGTON, Nov 10- U.S. regulators are working on rules that would require investment advisers, credit card firms and check cashers, among others, to serve as informers on white collar crime, a senior U.S. official said on Monday. "If we are to be as effective as possible in countering illicit finance, we must begin applying appropriate record-keeping, reporting and...

  • NEW YORK, Nov 10- Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian money that paid for the attacks. The lawsuit was filed in U.S. District Court in Brooklyn, New York, by lawyers with expertise in...

  • Dollar retreats from 4 1/2-year high Friday, 7 Nov 2014 | 2:53 PM ET

    The dollar slipped on Friday after a solid but below-expectation October U.S. jobs report.

  • *Dollar/yen not far from recent 7- year highs. LONDON, Nov 7- The dollar firmed to near a 4-1/ 2 year high against a basket of currencies on Friday, with its near-term fortunes hinging on whether U.S. jobs data due later in the day will endorse optimism about the U.S. economy. The dollar index touched a high of 88.174, its strongest level since June 2010.

  • *Dollar stands tall ahead of U.S. jobs data. SINGAPORE/ TOKYO, Nov 7- The dollar set a fresh four-year high against a basket of major currencies on Friday, with its near-term fortunes hinging on whether U.S. jobs data will add to or temper optimism about the U.S. economy's outlook. The dollar index touched a high of 88.174, its strongest level since June 2010.

  • *Dollar index holds firm near 4- year high. SINGAPORE/ TOKYO, Nov 7- The dollar held near a four-year high against a basket of major currencies on Friday, with its near-term fortunes hinging on whether U.S. jobs data will add to or temper optimism about the U.S. economy's outlook. The dollar index edged up 0.1 percent to 88.096, holding near Thursday's peak of 88.146,...

  • HONG KONG, Nov 6- The global journey of the Chinese currency is set to enter a new stage with the first yuan clearing bank in the Americas, to be launched in Canada soon, boding well for the growth of a yuan deposit pool and investor participation there. Canada is expected to finalise the creation of a yuan clearing center, sources familiar with the government's talks...

  • *Nigeria still has relatively low sovereign debt. Nov 5- A sharp drop in global oil prices has raised the twin specters of a potential currency devaluation and budget shortfalls in Nigeria just as Africa's biggest economy gears up for a closely fought and costly presidential election in February. Nigeria, the continent's top producer, relies on oil for only 14...

  • LONDON, Nov 4- The over-zealous application of anti-money laundering rules is hampering British banks abroad and cutting off poorer countries from global financial markets, a top Bank of England regulator said on Tuesday. British banks including HSBC, Standard Chartered and RBS have been fined hundreds of millions of dollars by U.S. regulators in recent...

  • In a series of private meetings from Madrid to Cancun, ministers from Saudi Arabia, Venezuela and Mexico set aside months of acrimony to hammer out production cuts. If anything, Naimi may simply seek to explain Saudi Arabia's latest stance on the market, a tough message about how all big producers must be prepared to endure a period of lower prices in order to slow...

  • *HSBC makes $378 mln provision for UK FX riggin probe. LONDON, Nov 3- HSBC's profits fell short of expectations in the third quarter after the bank set aside $1.8 billion for misconduct settlements and compensation for customers, including a potential fine for rigging currency markets. The provision and a jump in HSBC's everyday compliance costs show the impact...

  • Ecobank, Standard Chartered, Standard Bank, Investec and the World Bank's International Finance Corporation participated in the loan, IHS chief executive Issam Darwish told Reuters. "This is the largest equity raising by a private entity for the past 7-8 years in Africa-- you've had mining, banks and now telecom infrastructure as a standalone sector is...

  • Asian equities were mixed on the first trading day of November as investors digested a raft of Chinese data.

  • Next stop for dollar-yen: 120? Monday, 3 Nov 2014 | 1:49 AM ET

    Dollar-yen soared to a seven-year high after the BoJ expanded its quantitative easing program, and strategists say the pair has "a lot further to go."

  • *Hong Kong shares fall on profit-taking, but see resistance. SHANGHAI, Nov 3- China shares hit a multi-month high on Monday, supported by sustained strength in blue-chip brokerages and steel firms, while Hong Kong markets fell as profit-taking emerged after the recent solid gains. Guangzhou Shipyard International Ltd soared its 10 percent daily limit in the...

  • NEW YORK, Oct 31- U.S. authorities are investigating London- based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe. Investigators also learned that the company used to have an account with Standard Chartered, according to the source.

  • *Barclays shares jump 8 pct; RBS, HSBC, Lloyds also up. LONDON, Oct 31- The Bank of England told British banks on Friday they will need to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- the bank that analysts said was most at risk from tough new rules-- jumped 8 percent on the news,...

  • LONDON, Oct 31- The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected. Shares in Barclays-- one of the banks which analysts had feared might be hit hardest by the new rules-- rose a hefty 7 percent on the news, and shares in Lloyds...

  • NAIROBI, Oct 31- Kenya, like other nations on a continent that boasts some of the fastest growth rates in the world, is racing to upgrade neglected infrastructure, improve regulations and revise often outdated economic figures to spur investment. But Kenya's challenges, many of which are mirrored across Africa, are formidable if it wants to build on recent gains.