The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more ECB QE.» Read More
Banks lead this week after underperforming this year. Sector rotation of out defensive plays and into risk-on names is helping.
Stocks mostly rose on Thursday after jobless claims fell to a three-month low.
"You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the Dec. 29, 2008 email from chief financial officer Joel Sanders, according to investigators.
LONDON, March 6- The worldwide investigation into allegations of manipulation in the global currency market took another twist on Thursday, as Bank of America suspended a senior trader in London, a source familiar with the matter said on Thursday.
Manhattan District Attorney Cyrus Vance Jr described the former executives of "concocting and overseeing a massive effort to cook the books" at the law firm.
The U.S. Securities and Exchange Commission on Thursday filed a related civil lawsuit against Davis, DiCarmine, Sanders and two former Dewey finance officials, finance director Frank Canellas and former controller Thomas Mullikin.
PARIS, March 6- BNP Paribas, France's biggest bank, has suspended its head of spot currency trading as part of a long-running global investigation into possible currency market manipulation, the Wall Street Journal said on Thursday, citing unnamed sources.
LONDON, March 5- The Bank of England revealed on Wednesday that allegations of rigging of world currency markets had been flagged as far back as mid-2006 as it suspended a staff member as part of a probe into what it knew about the alleged manipulation.
LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of a probe into what it knew about alleged manipulation of world currency markets and revealed that rigging allegations had been flagged as far back as mid-2006.
LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of an internal investigation into what it knew about alleged manipulation of world currency markets. The central bank also released minutes that said allegations had been raised as long ago as July 2006 that manipulation was occurring in the so-called benchmark fixings.
LONDON, March 5- Global economic growth eased last month as adverse weather conditions hit the service industry in the United States and Japan, a business survey showed on Wednesday.
BEIJING, March 5- China budgeted spending of 15.3 trillion yuan in 2014 and a deficit of about 2.1 percent of gross domestic produce, the Ministry of Finance said on Wednesday in its work plan unveiled at the annual parliament meeting.
After weeks of negotiations with Mercuria Energy Trading over a purchase of its physical commodities unit, JPMorgan Chase is close to a deal
*Commerzbank selling 4 bln euro portfolio of property loans. FRANKFURT/ MADRID, March 4- Banks such as Deutsche Bank and JPMorgan are teaming up with international funds to bid for a multi-billion-euro portfolio of Spanish property loans as the country's real estate market thaws, sources close to the process said.
LONDON, March 4- JPMorgan, Citigroup and four more major banks have signed up with an industry group to develop a central register of information on other banks they deal with to help to meet increasing compliance demands and costs.
*But concerns about Ukraine may keep yen supported. SYDNEY/ SINGAPORE, March 4- The yen slipped on Tuesday, taking a breather from its recent rally that was sparked by investors flocking to the safe-haven currency, but tensions over Russian military intervention in Ukraine were seen likely to lend it support in the near term.
*Volume low as investors await key events, look to Ukraine. TOKYO, March 4- Japan's Nikkei average clawed higher on Tuesday morning after four days of losses as some foreign investors scooped up battered shares, although concerns over mounting tensions in Ukraine kept the market on edge.
*Concerns about Ukraine still dampening risk appetite. SYDNEY, March 4- The yen held onto chunky gains early on Tuesday, having been squeezed higher as skittish investors dumped riskier assets amid tensions over Russian military intervention in Ukraine. President Barack Obama as a violation of international law and of Ukraine's sovereignty.
NEW YORK, March 3- JPMorgan Chase& Co will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc over toxic mortgage-backed securities, according to the insurer. Brian Marchiony, a spokesman for JPMorgan, declined on Monday to comment on the Syncora settlement.
*China growth hit by falling export orders. LONDON/ BEIJING/ NEW YORK, March 3- Manufacturing growth in Europe and Asia slowed last month, pressured by falling demand from abroad, while the United States bucked the trend with manufacturing expanding at its fastest pace in over three years.