Kremlin spokesman says Putin ready to continue talks with Trump

BUENOS AIRES, Nov 30 () – A Kremlin spokesman said on Friday that Russian President Vladimir Putin was ready to continue a dialogue with President Donald Trump. Kremlin spokesman Dmitry Peskov also said that Trump’s former lawyer, Michael Cohen, had asked a presidential administrator about the possibility of building a Trump Tower in Moscow in […]

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U.S. judge gives preliminary OK to $48 mln VW investor settlement

FILE PHOTO: Volkswagen logos during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. /Paulo Whitaker/File PhotoWASHINGTON () – A U.S. judge in California has granted preliminary approval to a $48 million settlement for investors who said Volkswagen AG (VOWG_p.DE) made false and misleading statements over […]

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UPDATE 1-Brazil’s police to probe incoming Economy Minister Guedes

FILE PHOTO: Economist Paulo Guedes, future economy minister of Brazil’s President-elect Jair Bolsonaro arrives for a meeting in Brasilia, Brazil November 20, 2018. /Adriano MachadoSAO PAULO () – Brazil’s federal police opened an investigation into incoming Economy Minister Paulo Guedes for alleged fraud tied to pension funds of state-run firms, lawyers for the future minister […]

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Brazil’s police to probe incoming Economy Minister Guedes -report

FILE PHOTO: Economist Paulo Guedes, future economy minister of Brazil’s President-elect Jair Bolsonaro arrives for a meeting in Brasilia, Brazil November 20, 2018. /Adriano MachadoSAO PAULO () – Brazil’s federal police opened an investigation into incoming Economy Minister Paulo Guedes for alleged fraud tied to the pension funds of state-run companies, the Folha de S.Paulo […]

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UPDATE 6-Police search offices of Deutsche Bank board members

FRANKFURT () – Police have searched the offices of all the members of Deutsche Bank’s (DBKGn.DE) board as part of an investigation into money laundering allegations linked to the Panama Papers, a source told on Friday. Police vehicles are parked in front of Deutsche Bank headquarters as roughly 170 criminal police officers, prosecutors and tax […]

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U.S. regulator gives banks break on supervision costs

WASHINGTON () – U.S. banks will pay the industry’s top regulator 10 percent less for supervision costs in 2019, saving them more than $90 million, the Office of the Comptroller of the Currency (OCC) said on Friday. Comptroller Joseph Otting, who has sought to cut regulatory costs since taking the reins in November 2017, said […]

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UPDATE 1-Swiss announce plan to block Swiss share trades on EU exchanges

ZURICH () – The Swiss government announced plans on Friday to ban trading of Swiss shares on European Union stock exchanges from January, in an escalating row with Brussels that could put a severe dent in cross-border stock trading. A man walks under the illuminated word « Borse » (exchange) as he passes the headquarters of Swiss […]

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UPDATE 2-European shares cautiously dip ahead of G20 meeting

LONDON () – Weakened in morning trading by poor data from China, European shares closed lower on Friday ahead of Saturday’s crucial G20 talks between U.S. President Trump and China’s Xi Jinping over trade. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 28, 2018. /StaffThe pan-European […]

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UPDATE 1-Greece’s Piraeus Bank reports stronger profit in Q3

(Adds CEO comment, details) By George Georgiopoulos ATHENS, Nov 30 () – Greece’s largest lender Piraeus Bank on Friday reported a stronger profit for the July-to-September period compared to the second quarter, helped by higher commission income and lower operating costs. Piraeus Bank, which is 26.2 percent owned by the country’s HFSF bank rescue fund, […]

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UPDATE 1-ECB takes on PayPal with instant payment system

FRASCATI, Italy () – The European Central Bank launched on Friday a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. The PayPal and Androin Pay apps are seen on a mobile phone in this illustration photo October 16, 2017. /Thomas White/IllustrationDeveloped […]

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China gives nod to UBS to become first foreign institution to gain control of Chinese brokerage

FILE PHOTO: The logo of Swiss bank UBS is seen in St. Moritz, Switzerland, February 10, 2017. /Stefano Rellandini/File PhotoSINGAPORE () – China’s securities regulator said on Friday it has given UBS AG (UBSG.S) approval to increase its stake in its Chinese brokerage venture to 51 percent, making the Swiss bank the first foreign financial […]

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UPDATE 2-Slovenia president nominates economist Vasle to head central bank

Bostjan Vasle who is likely to be nominated as candidate for Slovenian central bank governor and ECB governing council, speaks in Ljubljana, Slovenia March 15, 2016. /Stringer LJUBLJANA () – Slovenian President Borut Pahor nominated a reformist economist for the post of central bank governor on Friday, after lawmakers rejected his first choice for the […]

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UPDATE 1-Slovenian bank NLB’s Jan-Sept profit falls 14 pct

(Updates with quote, details, background) LJUBLJANA, Nov 30 () – Slovenia’s largest bank Nova Ljubljanska Banka on Friday reported a fall in its January to September group net profit to 158.3 million euros ($179.86 million), 14 percent lower than the same period in 2017. The profit fall was mainly due to smaller reductions in bad […]

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Slovenian bank NLB’s Jan-Sept profit falls by 14 pct

LJUBLJANA, Nov 30 () – Slovenia’s largest bank Nova Ljubljanska Banka on Friday reported a fall in its January to September group net profit to 158.3 million euros ($179.86 million), 14 percent lower than the same period in 2017. The profit fall was mainly due to smaller reductions in bad loan provisions compared to a […]

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Two Solihull fitness firms among UK’s fastest-growing

A pair of Solihull fitness brands feature in an annual countdown of the UK’s private companies with the fastest-growing sales. Online clothing firm Gymshark and nutrition manufacturer Grenade are both ranked in the 22nd Sunday Times Virgin Atlantic Fast Track 100 league table. The yearly report lists the 100 privately owned UK companies with the […]

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Former GE employees say insurance risks were ignored – WSJ

The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. /Stephane Mahe() – General Electric Co’s (GE.N) former employees are being questioned by federal investigators about details in a legacy insurance business that led to accounting […]

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UK PM May says opposition Labour Party is playing politics with Brexit

Britain’s Prime Minister Theresa May, and the leader of opposition Labour Party, Jeremy Corbyn attend an Armistice remembrance service at St Margaret’s Church, in London, Britain November 6, 2018. John Stillwell/Pool via BUENOS AIRES () – British Prime Minister Theresa May said on Friday that the opposition Labour Party was trying to betray voters by […]

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UPDATE 1-Austrian bank Raiffeisen has enough capital to consider acquisitions

(Adds detail) VIENNA, Nov 30 () – Austria’s Raiffeisen Bank International has enough capital to consider acquisitions and is interested in the Czech Republic, Serbia and other East European markets, its chief executive said on Friday. Raiffeisen, which operates across Eastern Europe, was doing good business in Russia, its biggest market, and Ukraine, Chief Executive […]

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ECB takes on PayPal with instant payment system

* TIPS is response to foreign dominance * Just eight banks have signed up so far FRASCATI, Italy, Nov 30 () – The European Central Bank launched on Friday a new system aimed at letting banks settle payments instantly across Europe, helping them compete with PayPal and other global tech giants. Developed in just over […]

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Bitcoin falls over 7 percent, heads towards one-year low

Bitcoins are seen in this illustration picture taken September 27, 2017. /Dado Ruvic/IllustrationLONDON () – Bitcoin fell as much as 7 percent on Friday BTC=BTSP, heading towards a recent one-year low in a broad-based selloff in cryptocurrencies. The world’s biggest and best-known cryptocurrency fell to $3,920.35 in late morning trade, heading towards a September 2017 […]

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Norway regulator finds ‘insufficient’ money laundering controls at DNB

People leave DNB bank’s local office in Riga November 20, 2013. /Ints Kalnins (LATVIA – Tags: BUSINESS)OSLO () – Norwegian bank DNB (DNB.OL) does not have sufficient systems in place to combat money laundering, the country’s Financial Supervisory Authority (FSA) said on Friday. “Compliance with anti money laundering in the business division remains insufficient,” the […]

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