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  • MELBOURNE, July 22- London copper slid to two-week lows on Wednesday, despite getting some support from a weaker dollar, reflecting plentiful supply and persistent concern over industrial demand in top consumer China. China's industrial sector still faces significant problems and "arduous efforts" are needed to stabilise the economy, the industry ministry...

  • What change at the top means for Europe's banks Tuesday, 21 Jul 2015 | 1:18 AM ET

    Europe’s big banks have been witnessing a management shake-up that could help boost the long-term prospects of the banking sector, analysts say.

  • Europe closes higher after Greece repayment to IMF Monday, 20 Jul 2015 | 11:30 AM ET
    A pedestrian passes a homeless man lying outside a closed and shuttered Alpha Bank AE bank branch in Athens, Greece, on Monday, June 29, 2015.

    European equity markets closed slightly higher Monday after confirmation that Greece had repaid 2 billion euros to the IMF.

  • *Myanmar currently unrated by top 3 agencies. HONG KONG, July 17- Citigroup Inc and Standard Chartered Plc are set to advise Myanmar on its first credit rating, according to people with direct knowledge of the matter, paving the way for the country to issue its maiden international bond. "Getting a credit rating is of the first importance for Myanmar, helping it to...

  • *Myanmar currently unrated by top 3 agencies. HONG KONG, July 17- Citigroup Inc and Standard Chartered Plc are set to advise Myanmar on its first credit rating, according to people with direct knowledge of the matter, paving the way for the country to issue its maiden international bond. After decades of isolation from international capital markets under...

  • *Many sanctions on Iran likely to stay for months. *UK not recommending insurance trade with Iran yet. LONDON/ FRANKFURT, July 16- International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week's nuclear deal between world powers and Tehran.

  • Bank of Canada stumped by 'puzzle' of stalled exports Thursday, 16 Jul 2015 | 1:00 AM ET

    OTTAWA, July 16- If anyone has an explanation why Canada's exports disappointed in the second quarter, the country's central bank governor would like to know. Poloz, former head of the federal export development agency, speculated some of the problem may have been due to first quarter weakness in the United States, by far Canada's top export market, partly due to a...

  • BRASILIA, July 15- Brazil's investigation of an alleged currency cartel formed by 15 of the world's largest banks could expand to more financial institutions but it is unlikely to result in trading bans, the head of antitrust watchdog Cade told Reuters on Wednesday. Vinicius Carvalho, making his first public comments on the investigation, said the case was...

  • *China Q2 GDP comes in at 7.0 pct vs 6.9 pct in poll. MELBOURNE, July 15- London copper climbed on Wednesday after a bright reading for China's factory output and better-than-expected second quarter growth suggested stimulus has fed into industry, improving the outlook for metals demand. China's economy grew an annual 7.0 percent in the second quarter, steady...

  • *Oil prices tumble after Iran nuclear deal. LONDON, July 14- Copper and other metals retreated on Tuesday on uncertainty about Greece's debt deal, weaker oil prices and inventory rises that highlighted concerns about excess supply. Copper prices plumbed a six-year trough of $5,240 a tonne last week.

  • MELBOURNE, July 14- London copper slipped on Tuesday, with the dollar strengthening on worries over whether Greece's parliament would accept terms of a debt deal. Greece's leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity...

  • LONDON/ NEW YORK, July 10- British bank Barclays may not pick its next chief executive until early next year, potentially leaving new Chairman John McFarlane in charge for at least eight months. McFarlane fired CEO Antony Jenkins on Wednesday and said he was in no rush to name a successor and will conduct a global search of internal and external candidates.

  • *Barclays 4th big European bank to change CEO this year. LONDON, July 9- Barclays has joined three other European banks in ousting its chief executive, a top-level clear out that has raised expectations of big changes at the banks and triggered an $8 billion jump in their market value. The new leadership at Standard Chartered, Credit Suisse and Deutsche Bank could...

  • *Sacking of Barclays CEO mirrors Aviva overhaul. LONDON, July 8- There is only one winner in a power struggle involving John McFarlane, the banking and insurance veteran who became Barclays chairman in April and fired the bank's chief executive on Wednesday. "I think he had made his mind up about Jenkins before he even joined, and the way he's started at Barclays is...

  • LONDON, July 8- Copper jumped on Wednesday as the dollar slipped, but worries about demand in top consumer China due to its tumbling equity market and weaker growth, coupled with the Greek debt crisis, could see prices resume their slide. "After the significant moves we saw yesterday, inevitably there is profit-taking," said Nicholas Snowdon, metals analyst at...

  • LONDON, July 8- Copper climbed on Wednesday as the dollar slipped, but worries about demand in top consumer China due to its tumbling equity market and weaker growth, coupled with the Greek debt crisis, could see prices resume their slide. The metal used in power and construction was up 2.7 percent at $5,487 a tonne at 1358 GMT from Tuesday's close at $5,339.50.

  • UK Finance Minister George Osborne offered further comfort to banks facing a welter of new rules since the financial crisis by asking their regulator, the Bank of England, to help keep Britain a "highly attractive" location for lenders. Europe's biggest bank, HSBC, has said the levy will be a factor in whether it decides to keep its headquarters in Britain.

  • LONDON, July 8- Copper rose on Wednesday as a lower dollar triggered a bout of profit-taking, but worries about demand in top consumer China due to its tumbling equity market and weaker growth and the Greek debt crisis could see prices resume their slide. The metal used in power and construction was trading up at $5,375 a tonne at 1214 GMT from Monday's close at...

  • By Tuesday afternoon, the crowded race to the exit was winding down, with prices recovering from three-month lows as traders reassessed the factors they blamed for the worst slide in four months: Greece's debt woes; China's stock market meltdown; talks with Iran over its nuclear program; a stronger dollar; a rise in the number of U.S. oil rigs; a breach of key...

  • China’s loan sharks under attack from P2P lenders Tuesday, 7 Jul 2015 | 10:21 PM ET

    Legitimate P2P internet lenders such as Dianrong.com are slowly achieving critical mass in China, the Financial Times reports.