MOSCOW, Dec 25- Russia's gold and foreign currency reserves dropped below $400 billion for the first time since August 2009 as of Dec. 19, the central bank said on Thursday. The central bank has spent over $80 billion defending the rouble this year, as a sharp slide in oil prices and Western sanctions over the Ukraine crisis have driven the Russian currency sharply...» Read More
SEOUL, July 1- Following are South Korea's preliminary export and import figures for June, released by the Ministry of Trade, Industry and Energy on Tuesday:. JUNE* MAY Balance 5.3 5.3 Exports 47.8 47.8 +2.5 -1.0 Imports 42.6 42.5 +4.5 +0.3* Revised figures released on June 13.
General Motors Co is grappling with a crisis over its decade-long failure to recall cars equipped with faulty ignition switches. It was only in February of this year that GM finally began recalling 2.6 million Chevrolet Cobalts, Saturn Ions and other older models equipped with the faulty switches.
TOKYO, July 1- Japanese business confidence worsened in the three months to June, a closely watched central bank survey showed, weighed down by soft exports and weaker consumer spending after a sales tax increase.
DETROIT, June 30- U.S. safety regulators announced an expansion on Monday of a previous recall to include more model years of Fiat Chrysler vehicles that have ignition switches that can be inadvertently shut off.
SYDNEY, July 1- The dollar languished at seven-week lows against a basket of major currencies on Tuesday, having extended a month-long decline after a recent batch of mixed data cast doubts on the strength of the U.S. economic recovery.
DETROIT, June 30- General Motors Co's ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to three deaths.
HONG KONG, July 1- Hong Kong financial markets are closed on Tuesday for a public holiday and will resume trading on Wednesday. The holiday marks the Hong Kong Special Administrative Region Establishment Day. Please double click on for the latest Hong Kong stock report and for the mainland China stock report.
PARIS, July 1- BNP Paribas Chief Executive Officer Jean-Laurent Bonnafe told retail clients that the U.S. settlement over sanctions violations will not have impact on them and that its pricing policy will remain unchanged.
SETTLEMENT WILL HAVE NO IMPACT ON RETAIL CLIENTS, NO CHANGE IN PRICING POLICY.
BNP'S BONNAFE SAYS CERTAIN EMPLOYEES DELIBERATELY CIRCUMVENTED US RULES AND DID NOT COMPLY WITH MANAGEMENT'S DECISIONS THAT PROHIBITED THIS BUSINESS IN SPECIFIC COUNTRIES FROM 2007.
BNP PARIBAS CEO BONNAFE TELLS RETAIL CLIENTS BREACHES OF BANK'S ETHICS TOOK PLACE IN OIL& GAS ENERGY& COMMODITY FINANCE BUSINESS, ACCOUNTING FOR LESS THAN 1 PCT OF THE BNP' TOTAL ACTIVITY.
BOSTON, June 30- Microsoft Corp launched what it hopes will be the most successful private effort to date to crack down on cyber crime by moving to disrupt communications channels between hackers and infected PCs.
June 30- A jury in a South Carolina state court on Monday awarded $8.1 million to a former adviser who sold his wealth management business to BB&T Corp and later alleged that the bank mismanaged his retirement nest egg with a risky strategy, according to a person familiar with the matter.
PARIS, July 1- The settlement reached between BNP Paribas and U.S. authorities over a sanctions busting case will preserve the future of the lender, the finance ministry said on Tuesday. French Finance Minister Michel Sapin also said in a statement that the country's biggest listed bank "will still be able to finance economic activity in a satisfying way."
BUENOS AIRES, June 30- Argentina's economy ministry said on Monday it was sending a delegation to meet on July 7 with the mediator appointed by a U.S. court to help facilitate a settlement between the country and holdout investors in Argentine debt.
NEW YORK, June 30- SecondMarket and U.S. investment firm Pantera Capital, two of the more prominent bidders in the U.S. Pantera Capital chief executive officer Dan Morehead told Reuters the firm was not able to purchase the bitcoins because their bid was below the market price.
PARIS, July 1- France's biggest listed bank BNP Paribas expects to book a charge of 5.8 billion euros in the second quarter related to its settlement of a U.S. criminal charge over sanctions violations. "Apart from the impact of the fine, BNP Paribas will once again post solid results this quarter...
DETROIT, June 30- U.S. safety regulators on Monday announced an expansion of a previous recall to include more model years of Fiat Chrysler vehicles that have ignition switches that can be inadvertently shut off.
NEW YORK/ WASHINGTON, June 30- French bank BNP Paribas on Monday agreed to pay almost $9 billion over charges it violated U.S. sanctions against countries such as Sudan, and faces a one-year suspension of parts of its U.S. dollar-clearing business.
FRENCH FINANCE MINISTRY SAYS BNP PARIBAS U.S.