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  • WASHINGTON, Feb 12- American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest U.S. bank, and London- based HSBC Holdings, the Wall Street Journal reported on Friday. The U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority were preparing a final round of...

  • WASHINGTON, Feb 12- American and British regulators are likely to charge several banks including Citigroup, the third-largest U.S. bank, and London- based HSBC Holdings, in an interest-rigging probe, the Wall Street Journal reported on Friday.

  • LONDON— A British factory-owner has been sentenced to 27 months in prison for employing Hungarian workers for as little as 10 pounds a week. Mohammed Rafiq's company Kozee Sleep made beds for major retailers including Next and John Lewis, and was supposed to abide by their ethical-trading policies. Sentencing him Friday at northern England's Leeds Crown...

  • *Market lifted by UAE comments on potential coordinated OPEC cut. NEW YORK, Feb 12- U.S. crude prices jumped 12 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets and the euro added to the risk appetite in oil. The UAE's comments, coming after vain efforts earlier in the week...

  • NEW YORK, Feb 12- U.S. and European shares rebounded from recent weakness on Friday, with reassuring U.S. retail sales data boosting sentiment, while U.S. crude prices rallied from more than 12- year lows. Banking shares in the United States and Europe spiked, with the S&P financial index last up 2.9 percent and the STOXX 600 Europe Banks index gaining 4.7 percent.

  • *Low oil prices lift spending less than before-CEOs. LONDON, Feb 12- Consumer companies are offering investors a small degree of relief from the turmoil in banking and resources in a results season dominated by fears about slowing economic growth. "In the context of a market that's in meltdown, the performance consumer goods has been delivering is pretty good,"...

  • LISBON, Portugal— He doesn't boast about being an expert deal-maker like Donald Trump, but new Portuguese Prime Minister Antonio Costa is quietly building a reputation as a canny negotiator and a government leader to watch in southern Europe by doing what many people thought was impossible. Critics says Costa is making high-stakes gambles: already, his budget...

  • *Size and pattern of market moves make some fear third crisis. *Investors pick on Portugal as euro zone weak link. LONDON, Feb 12- Don't panic yet, but the financial market upheaval in recent days is worryingly reminiscent of when the 2008-2009 global financial crisis and the 2011-2012 euro zone debt crisis were in their early stages.

  • LONDON— Britain's Independent newspaper will publish its last print edition next month as it makes a "historic transition" to digital-only format, its owner said Friday. Another of the company's papers, the commuter-focused daily newspaper i, has been sold to regional newspaper publisher Johnston Press for 24 million pounds. The Independent, founded in 1986,...

  • New app helps young Iranians avoid "morality police" Friday, 12 Feb 2016 | 7:30 AM ET

    *New app collects data on morality police checkpoints. DUBAI, Feb 12- A new smartphone application that helps Iranians dodge the Islamic Republic's "morality police" is proving popular with the young, tech-savvy population but has quickly fallen foul of the authorities. Gershad is seen by some as setting a precedent for "digital protest" in Iran as elections loom...

  • *Yen near 15- month high despite Japan's verbal intervention. LONDON, Feb 12- Relative calm returned to world markets on Friday after a hurricane-force week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold. Japan's Nikkei fell 5.4 percent, having been shut during...

  • UK competition authorities fine GSK $54.5 million Friday, 12 Feb 2016 | 5:47 AM ET

    LONDON— Britain's competition authority has fined drugmaker GlaxoSmithKline plc 37.6 million pounds for stalling the potential entry of generic competitors of an anti-depressant drug Seroxat into the marketplace. "Today's decision sends out a strong message that we will tackle illegal behavior that is designed to stifle competition at the expense of...

  • That's certainly true for Germany, Europe's largest economy, where energy cost savings appeared to have buoyed consumers and the influx of refugees prompted the government to increase spending. The risks are heightened by the fact that many governments cannot spend much due to high debt and many banks— not just in financially troubled Italy and Greece— are...

  • LONDON, Feb 12- Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against its previous settlement and was up 4.9 percent at $31.53 per barrel at 0938 GMT. "The comments by the UAE oil minister are pushing prices up... but we're still in a...

  • Germany's DAX index ended the day up 2.5 percent at 8,967.51 while Britain's FTSE 100 gained 3.1 percent to 5,707.60. Bank shares led the way on Friday, with Deutsche Bank rallying 11.8 percent after saying it would buy back over $5 billion worth of its own bonds. Commerzbank jumped 18 percent after it announced its first dividend since 2007..

  • WITHAM, England, Feb 12- Striding through a housing estate in the drizzle to hand out leaflets, 52- year-old builder Kevin Lovett throws up his arms in despair as he rails against the deceit he sees at the heart of the European Union. Pitching their dream of a proud Britain breaking free from a German-dominated bloc, the "Out" campaigners cast leading pro-Europeans...

  • US stocks open higher as oil rebounds, banks rise Friday, 12 Feb 2016 | 1:41 AM ET

    TOKYO— European stocks rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12- year low. Germany's DAX was up 1.4 percent at 8,873.93 and Britain's FTSE 100 rose 1.7 percent to 5,631.27. Shares in Germany's Commerzbank AG jumped 17 percent after it announced its first dividend since 2007 and upbeat...

  • Japan stocks down 5.3 percent after Europe, US sell-off Thursday, 11 Feb 2016 | 10:13 PM ET

    TOKYO— Japan's main stock index dived more than 5 percent Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in Europe and the U.S. Shares in New Zealand, Taiwan and Thailand fell while Singapore and Indonesia rose. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • BRUSSELS, Feb 11- When British Prime Minister David Cameron meets fellow EU leaders in Brussels in a week, they will argue over stubborn differences on a broadly agreed text on EU reform to help keep Britain in the bloc. One of only two EU states neither to use the euro nor be bound to adopt it in time, Britain stands alone in insisting there will never be just one...

  • *10- yr Treasury yields hit 1.53 pct, lowest since Aug 2012. *Dollar hits lowest vs yen since October 2014. NEW YORK, Feb 11- Stock markets fell worldwide on Thursday on fears over the health of the global economy and the banking sector, with MSCI's global stock index dropping to more than 20 percent below its all-time high, while safe-haven 10- year Treasury yields hit...