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  • *America Movil first bought KPN stake in 2012. AMSTERDAM/ LONDON, May 20- Mexican telecoms group America Movil completed a 3 billion euros sale of bonds exchangeable for KPN shares, leading to a possible exit by the Dutch firm's largest shareholder after three difficult years. "America Movil has received cash today for the value of that stake, then they look five...

  • *Netanyahu fires Communication Ministry director-general. JERUSALEM/ TEL AVIV, May 20- Concerns about Israel's commitment to competition in the telecoms sector have grown after Prime Minister Benjamin Netanyahu dismissed the director-general of communications and took over the ministry himself. The prime minister named Mymon Shmila, a senior official...

  • *Barclays fined $2.4 bln, fires 8 employees. *Citi, Barclays, JP Morgan and RBS plead guilty. Traders at Citigroup, JP Morgan, Barclays and Royal Bank of Scotland, who described themselves as "The Cartel", used an invitation-only electronic chatroom and coded language to manipulate the price of U.S. dollars and euros between December 2007 and January 2013, according to...

  • *Putin says new law paves way for Ukraine default. MOSCOW, May 20- Russia on Wednesday demanded the timely repayment of all debts owed to it by Ukraine and accused Kiev of effectively preparing the way for default with a new law. Moscow, whose relations with Kiev have been wrecked by a year-long conflict in eastern Ukraine, has declined to join the debt restructuring...

  • US STOCKS-Wall St lower at open; Fed minutes awaited Wednesday, 20 May 2015 | 10:07 AM ET

    *Fed minutes expected at 2:00 p.m. ET. *Southwest Airlines leads fall in airline stocks. *Yahoo bounces back from sharp selloff on Tuesday.

  • NEW YORK/ WASHINGTON, May 20- Authorities fined five of the world's largest banks, including JPMorgan Chase& Co and Citigroup inc, roughly $5.7 billion, and four of them agreed to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, the U.S. Department of Justice said on Wednesday. U.S. banks JPMorgan Chase and Citigroup will pay $550...

  • May 20- Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 8.7 percent in their market debut, valuing the company at about $4 billion. The company raised about $441 million after its IPO was priced at $24.50 per share, close to the top end of the expected range of $22- $25. Black Knight, which counts...

  • PRECIOUS-Gold prices edge higher ahead of Fed minutes Wednesday, 20 May 2015 | 10:06 AM ET

    *Gold makes muted gains after Tuesday's 1.5 pct slide. LONDON, May 20- Gold edged higher on Wednesday, recovering some lost ground after the previous session's slide, but gains were muted as the dollar strengthened ahead of minutes from the Federal Reserve's latest policy meeting. Spot gold was up 0.3 percent at $1,211.18 an ounce at 1400 GMT, while U.S. gold futures...

  • NEW YORK/ WASHINGTON, May 20- Authorities fined five of the world's largest banks, including JPMorgan Chase& Co and Citigroup, roughly $5.7 billion and four of them agreed to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, the U.S. Department of Justice said on Wednesday.

  • HELSINKI, May 20- Mobile games maker Supercell will focus on just a few titles and quickly kill off ones that do not immediately catch on as it seeks to remain the world's top-grossing company in the sector, its chief executive said. But Supercell, the creator of hit titles' Clash of Clans',' Boom Beach' and' Hay Day' has so far avoided the fate of its local Finnish rival...

  • *Greece debt concerns rekindle safety bids for bonds. Treasuries prices were higher on Wednesday, as concerns about Greece's ability to meet its debt payments renewed safe-haven demand for bonds ahead of the release of the Federal Reserve's record of its April policy meeting. "The market bounce is driven in part on worries Greece can't make its June debt...

  • *Greece mulls banking transaction tax- sources. ATHENS, May 20- Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Talks between Greece and its lenders have foundered on Athens'...

  • India's gold monetisation plan lacks lustre - industry Wednesday, 20 May 2015 | 9:24 AM ET

    *Banks worry over operational costs. SINGAPORE/ MUMBAI, May 20- A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers. Deposit schemes, similar to the one proposed on Tuesday by the Narendra Modi- led government, have...

  • According to the SEC, BHP ultimately paid for 60 guests and some spouses and guests to attend, mainly from Africa and Asia. "BHP Billiton recognized that inviting government officials to the Olympics created a heightened risk of violating anti-corruption laws, yet the company failed to implement sufficient internal controls to address that heightened risk,"...

  • J&J says will submit 10 medicines to regulators by 2019 Wednesday, 20 May 2015 | 9:20 AM ET

    NEW YORK, May 20- Drugmaker Johnson& Johnson said on Wednesday that it would submit 10 new medicines to regulators by 2019, forecasting that many of the drugs in its research and development pipeline will have more than $1 billion in peak annual sales. J&J said that it would submit experimental cancer drug daratumumab for use in double refractory multiple...

  • May 20- Teen apparel retailer American Eagle Outfitters Inc forecast current-quarter profit above the average analyst estimate, as fewer discounts drive margins and sales at its namesake brand return to growth after two years. Comparable sales at the American Eagle brand rose 7 percent in the first quarter ended May 2, while those at the aerie division, under...

  • EU lawmakers seek ban on "blood metals" in surprise vote Wednesday, 20 May 2015 | 9:12 AM ET

    The result is set to paralyse the bill because European Union governments say firms across the 28 EU countries cannot track materials from small mines all the way through commodity exchanges to component manufacturers and the final product. Greens, centre-left and protest lawmakers from the far-left and far-right gained critical mass in the vote to...

  • *Yahoo up after sharp selloff on Tuesday. *Pep Boys up after report of takeover approach. May 20- Wall Street was set to open little changed on Wednesday with investors cautious ahead of the release of minutes from last month's Federal Reserve meeting, which is expected to shed light on when interest rates will be hiked.

  • MOSCOW, May 20- Russian President Vladimir Putin said on Wednesday a law adopted by Ukraine allowing it to miss repayments to international creditors, Russia among them, was strange and unprofessional. Putin, speaking at a meeting with government ministers, said the Ukrainian legislation was in effect about an upcoming default by Ukraine.

  • *Kuwait, Bahrain parliaments probing national funds. Issue of wasting resources becomes more sensitive. DUBAI, May 20- Running sovereign wealth funds in the Gulf has become an awkward business in the era of cheap oil, as their managers face growing pressure from politicians and the public to prove they're investing national reserves wisely.