By Foo Yun Chee BRUSSELS (Reuters) -Deutsche Bank and Rabobank were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel, the latest move against a sector which has[...]
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Business
Foreign equity funds pile into Indian financials as credit cycle picks up
(Corrects fund manager’s surname in last paragraph) By Anushka Trivedi MUMBAI (Reuters) – Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit[...]
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Texas may offer exit path for sanctioned financial firms
By Ross Kerber (Reuters) – A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they drop out of corporate groups aiming to limit global e[...]
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Improbable bets on break of Hong Kong dollar peg adding up
By Tom Westbrook and Georgina Lee SINGAPORE/HONG KONG (Reuters) -It’s what is known in the markets as a “tail risk”: a highly unlikely scenario in which Hong Kong’s currency pe[...]
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Wall Street bankers to see bonuses shrink as dealmaking sputters – Bloomberg Law
(Reuters) -Wall Street banks are weighing plans to slash bonuses this year, Bloomberg Law reported on Friday, as investment banking comes under pressure from choppy markets and a high interest-rate en[...]
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U.S. labor market shrugs off recession fears; keeps Fed on tightening path
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably no[...]
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JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, Bloomberg Law reported on Fr[...]
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U.S. equity funds register biggest weekly outflow in over five weeks
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities aga[...]
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Global equity funds post biggest weekly outflow in six weeks
(Reuters) – Global equity funds recorded enormous outflows in the week ended on Nov. 30 as investors booked profits – after a rally in the last month – amid concerns about global eco[...]
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