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  • July 21- French construction group Bouygues is employing more than 100 Indian laborers to work on a hotel it is building in Cuba, breaking a taboo in the Communist-run country on hiring foreign labor in order to meet increased tourism demand. For a country struggling to prop up export revenue in the face of low commodity prices, foreign workers on the Caribbean...

  • The world's third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share. Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. GM also reported its first quarterly profit in Europe in...

  • *Iraq in 2015 provided OPEC's biggest rise in supply. LONDON, July 21- Iraq's oil exports are set to rise in July, according to loading data and an industry source, putting supply growth from OPEC's second-largest producer back on track after after two months of declines. Iraq in 2015 provided OPEC's biggest rise in supply.

  • *Malaysia Attorney General says no evidence of misappropriation. *Singapore seizes $240 million in 1 MDB-related funds. KUALA LUMPUR, July 21- Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with money stolen...

  • DETROIT— General Motors' second-quarter profit more than doubled to a post-bankruptcy record $2.87 billion on a strong performance in the U.S., where the company saw sales fall after it cut low-profit sales to rental car companies. The company earned a record $3.6 billion pretax profit in North America, made $500 million on its joint venture in China and even...

  • DHAKA/ NEW YORK, July 21- Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. They were incorrectly formatted at first; they were mainly to individuals; and they were very...

  • *Wall Street headhunters get calls from European banks. LONDON/ NEW YORK July 18- Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially leaving the continent without its own global champion. Since Britain's vote to leave the European Union, some...

  • The Wall Street bank helped 1 MDB, which was founded by Malaysian Prime Minister Najib Razak in September 2009, raise $6.5 billion in three bond sales in 2012 and 2013 to invest in energy projects and real estate to boost the Malaysian economy. Prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, luxury...

  • *Supplies from Kuwait, Venezuela jump. BEIJING, July 21- Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia over the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day, down...

  • SINGAPORE, July 21- Singapore widened a crackdown on alleged money laundering in a probe tied to scandal-hit Malaysian state fund 1 MDB, seizing assets and announcing it will take action against some of the biggest banks based in the city-state. Singapore authorities said in a statement on Thursday that they had seized S $240 million of assets in an...

  • *Supplies from Kuwait, Venezuela jump. BEIJING, July 21- Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia in the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day, data from...

  • *'Wolf of Wall Street' film, paintings, property cited. WASHINGTON/ KUALA LUMPUR, July 21- U.S. prosecutors are trying to seize more than $1 billion in assets they said were tied to money stolen from the Malaysian state fund, overseen by the prime minister, and used to finance "The Wolf of Wall Street" film, and to buy property and works of art. Back in Malaysia, the hashtag#...

  • *Supplies from Kuwait, Venezuela jump. BEIJING, July 21- Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia in the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day, data from...

  • Tatour, an Arab citizen of Israel, is one of several hundred people detained in recent years for allegedly spreading incitement. Hoping to further clamp down on what it sees as the driving force behind a 10- month spate of Palestinian attacks, Israel is now preparing a law that aims to rein in content on social media, including Facebook, a platform it says plays a...

  • THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT. MONDAY, JULY 25 JERUSALEM- Bank of Israel interest rate decision- 1300 GMT.

  • *'Wolf of Wall Street' film, paintings, property cited. WASHINGTON, July 20- U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to money stolen from the Malaysian state development fund, which was overseen by the prime minister, and used to finance "The Wolf of Wall Street" film and to buy property and works of art.

  • NEW YORK, July 20- A senior HSBC Holdings Plc manager has been arrested and charged alongside a former foreign exchange executive with engaging in a scheme to front-run a $3.5 billion transaction by one of the bank's clients, U.S. prosecutors said on Wednesday. Mark Johnson, HSBC's global head of foreign exchange cash trading in London, and Stuart Scott, its...

  • Prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, luxury properties in New York and London and gambling debts in Las Vegas. The FBI and other U.S. regulators, including New York's Department of Financial Services, have been investigating Goldman Sachs' business relationship with 1 MDB.

  • WASHINGTON, July 20- U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak and used to finance the Hollywood film "Wolf of Wall Street" and to buy property and famous works of art.

  • KUALA LUMPUR/ NEW YORK, July 20- U.S. federal prosecutors have filed civil lawsuits seeking to seize assets worth more than $1 billion, allegedly stolen from Malaysian state fund 1 MDB, which was overseen by Prime Minister Najib Razak. They include allegations that $681 million from a 2013 bond sale by 1 MDB was transferred to the account of "Malaysian Official 1,"...