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GLOBAL MARKETS-Asia shares come off 4-mth low, euro steady after fragmented EU vote

2 hours ago NAMEX Comments Off on GLOBAL MARKETS-Asia shares come off 4-mth low, euro steady after fragmented EU vote
TOKYO (Reuters) – Asia stocks inched up but remained near four-month lows on Monday amid concerns about U.S.-China tensions while the euro stayed in a narrow range after the weekend’s European Parliament elections. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, Read More

FX collusion scandal reaches Australia, class action launched

5 hours ago NAMEX Comments Off on FX collusion scandal reaches Australia, class action launched
SYDNEY (Reuters) – An Australian law firm filed a class action lawsuit on Monday against five major international investment banks accusing them of colluding to rig foreign exchange rates during 2008-2013 to jack up profits at the expense of businesses and investors. The case involved some of the same banks caught up in similar currency Read More

Fiat Chrysler’s Italian headaches show challenges of global tie-up

15 hours ago NAMEX Comments Off on Fiat Chrysler’s Italian headaches show challenges of global tie-up
TURIN, Italy/LONDON (Reuters) – Fiat Chrysler has been angling for a combination with another automaker for years, and its latest attempt – for a global tie-up with France’s Renault – could address some of the main weaknesses of both companies, sources say. Fiat Chrysler Automobiles (FCA) workers exit the Mirafiori plant in Turin, Italy May Read More

FOCUS-Fiat Chrysler’s Italian headaches show challenges of global tie-up

17 hours ago NAMEX Comments Off on FOCUS-Fiat Chrysler’s Italian headaches show challenges of global tie-up
* Fiat Chrysler and Renault in talks on a deal – sources * Struggling Italian plants are a challenge for a tie-up * Any closures may face political and labour opposition * GRAPHIC on European plants: tmsnrt.rs/2WZ1U6o By Giulio Piovaccari and Pamela Barbaglia TURIN, Italy/LONDON, May 26 (Reuters) – Fiat Chrysler has been angling for Read More

UPDATE 1-China to offer liquidity to Baoshang Bank

23 hours ago NAMEX Comments Off on UPDATE 1-China to offer liquidity to Baoshang Bank
BEIJING (Reuters) – China’s central bank said on Sunday that it would offer liquidity to Inner Mongolia-based Baoshang Bank, which the country’s financial regulators have said they would take over due to the serious credit risks it poses. The People’s Bank of China (PBOC) also said in a statement that it and the China Banking Read More

Brazil’s Caixa picks Morgan Stanley as co-advisor on insurance deals: source

2 days ago NAMEX Comments Off on Brazil’s Caixa picks Morgan Stanley as co-advisor on insurance deals: source
A view shows the company logo of Caixa Economica Federal bank in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares SAO PAULO (Reuters) – Brazilian state lender Caixa Economica Federal has picked investment bank Morgan Stanley as co-advisor to help it find insurance partners, a source with knowledge of the matter said. Morgan Stanley Read More

Donna Brazile: We must protect our elections from foreign interference

2 days ago NAMEX Comments Off on Donna Brazile: We must protect our elections from foreign interference
One thing is clear. We must know the extent of Russian campaign espionage and sabotage in our 2016 presidential election to guard against it occurring again in 2020. The first 14 words of Special Counsel Robert Mueller’s report are: “The Russian government interfered in the 2016 Presidential election in sweeping and systematic fashion.” Not to Read More

2020 Dems jump into abortion fray as legal battle heats up

3 days ago NAMEX Comments Off on 2020 Dems jump into abortion fray as legal battle heats up
2020 Democrats attend abortion ban protest Campaign Trail Mix: Bernie Sanders, Pete Buttigieg, Kirsten Gillibrand, Cory Booker, Amy Klobuchar, Eric Swalwell and Seth Moulton among Democratic presidential candidates who joined demonstrators on the steps of the Supreme Court to protest restrictive abortion laws. Among the throng of abortion-rights demonstrators in front of the Supreme Court Read More

Exclusive: JPMorgan cuts ties with OxyContin maker Purdue Pharma – sources

3 days ago NAMEX Comments Off on Exclusive: JPMorgan cuts ties with OxyContin maker Purdue Pharma – sources
(Reuters) – JPMorgan Chase & Co has cut ties with Purdue pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter said on Thursday. FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Read More

INDIA LIVE-“Together we prosper,” Modi says; opposition concedes defeat in election

4 days ago NAMEX Comments Off on INDIA LIVE-“Together we prosper,” Modi says; opposition concedes defeat in election
May 23 (Reuters) – 0950: MODI VOWS TO BUILD STRONG, INCLUSIVE INDIA Indian Prime Minister Narendra Modi promised to build a strong and inclusive nation as his Bharatiya Janata Parrty-led coalition headed for a massive victory in the general election. “Together we grow,” he said on Twitter. “Together we prosper. Together we will build a Read More