BERLIN, Oct 25- Calogero Gambino, a senior Deutsche Bank regulatory lawyer, has been found dead in New York in what appears to have been a suicide, the Wall Street Journal reported on Saturday, citing New York City officials and other sources. He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over...» Read More
JOHANNESBURG, July 1- A wage strike by 220,000 South African steel and engineering workers which began on Tuesday will cost the economy more than 300 million rand or 0.014 percent of GDP a day, an employers body said.
*Greece plans to cut tax for oil/gas firms to 25 pct from 40 pct. LONDON, July 1- Greece is planning to cut tax rates for oil and gas companies as it wants to attract them to help exploit its untapped offshore hydrocarbon resources, its energy minister said on Tuesday.
NEW YORK, July 1- HSBC Holdings Plc has agreed to pay $10 million to settle U.S. civil fraud claims over foreclosure-related charges it submitted to the government, federal prosecutors said on Tuesday.
NEW YORK, July 1- Stock markets around the world rose at the start of the second half of 2014 on Tuesday, propelled by solid U.S. and Chinese data and the notion that central banks will keep interest rates low for some time.
WASHINGTON, July 1- Trading revenues at U.S. banks dropped by 18 percent in the first quarter from a year earlier, weighed down by subdued markets and tougher regulations, a regulator said on Tuesday. Foreign exchange had the steepest drop at 31 percent, the U.S. Office of the Comptroller of the Currency said.
FOLLOW-UP MEETING BETWEEN UNION, EMPLOYERS AND GOVT TENTATIVELY SCHEDULED FOR FRIDAY- EMPLOYERS GROUP.
JPMorgan's Global Manufacturing Purchasing Managers' Index rose to a four-month high of 52.7 in June from May's 52.1, holding above the 50 mark indicating growth for the 19th month in a row. "The global PMI suggests the growth of manufacturing output strengthened further into midyear," said David Hensley, a director at JPMorgan.
HEAD OFFICE TO CLOSE OPERATIONS IN SOUTH AFRICA.
*Euro hits $1.37, recovers all of June losses. NEW YORK, July 1- The euro slipped from a six-week high against the dollar on Tuesday as worries about verbal intervention by the European Central Bank after recent strength in the euro zone common currency tempered buying.
SOUTH AFRICA STEEL AND ENGINEERING STRIKE COSTING MORE THAN 300 MILLION RAND A DAY- EMPLOYERS GROUP.
NEW YORK, July 1- The S&P 500 hit a record high on Tuesday after data showing U.S. manufacturing accelerated even if at a slightly slower rate, and as China's factory sector expanded in June for the first time in six months.
PARIS, July 1- France's lower house of parliament backed on Tuesday a supplementary budget for 2014 by 307 votes to 232, as the government managed to contain opposition within its own ruling Socialist party ranks.
SOFIA, July 1- Bulgaria's finance ministry on Tuesday said it had sold 1.23 billion levs worth of treasuries with five months maturity to ensure it had enough money to keep the country's banking system liquid.
*Negative rate has not yet forced core banks to lend. LONDON, July 1- The European Central Bank's move a month ago to start charging banks for keeping spare cash on overnight deposit has not yet reanimated euro zone money markets although it is helping to keep short-term rates low and steady.
Two other major French banks, Credit Agricole and Societe Generale, Germany's Deutsche Bank AG, and Citigroup Inc's Banamex unit in Mexico are among those being investigated for possible money laundering or sanctions violations, according to people familiar with the matter and public disclosures.
WASHINGTON, July 1- The U.S. Supreme Court on Tuesday agreed to weigh a challenge to a Colorado law that requires out-of-state retailers to provide data on sales they make to customers in the state in an effort to encourage the payment of sales tax.
ST PETERSBURG, Russia, July 1- Sanctions imposed on Russia over Ukraine have brought growth to a standstill, had a "chilling effect" on investment and could force Moscow into economic isolation, the International Monetary Fund said on Tuesday.
*Gold hits highest since late March at $1,332.10/ oz. LONDON, July 1- Gold hit its highest since late March on Tuesday as bets that record-low interest rates will persist buoyed stocks and on fresh signs of interest from investors in futures and bullion-backed funds. Spot gold hit a three-month high at $1,332.10 an ounce and was at $1,327.90 by 1411 GMT.
WASHINGTON, July 1- U.S. manufacturing activity held steady at firmer levels in June and automobile sales were on track to beat expectations, pointing to momentum in the economy after a rough winter. The Institute for Supply Management said on Tuesday its index of national factory activity was at 55.3, little changed from May's 55.4 reading.
NEW YORK, July 1- U.S. "Nobody wants to go into this one with a strong position on," said Gennadiy Goldberg, interest rate strategist with TD Securities in New York. The Institute for Supply Management said its index of national factory activity was 55.3 in June, almost unchanged from May's 55.4 reading.