Tom A W Hayes the former UBS and Citigroup trader leaving a London court on Neil HallReutersTom AW Hayes a former trader at UBS and Citigroup outside a London court on Thursday with his lawyer Lydia Jonson LONDON Tom AW Hayes
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Chinas manufacturing is shrinking at a faster pace this month a trend that threatens to stem an economic recovery in the euro area from the currency blocs longestever recession A preliminary reading of 483 for the Chinese Purchasing Managers Index
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Fresh signs that the US Federal Reserve is considering pulling back on efforts to support the US economy rattled global markets Thursday in a wave that hit every major asset class Speaking on Wednesday Fed Chairman Ben Bernanke stressed that the
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Not long after the company started making breakfast sandwiches on a donut Dunkin Donuts wants to start serving glutenfree products They are the first fast food chain to do this Dunkin Donuts says it plans to offer glutenfree cinnamonsugar donuts and
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Tom Hayes the former UBS AG and Citigroup Inc derivatives trader conspired with employees at HSBC Holdings Plc Rabobank Groep and other banks as well as brokers to manipulate Yen Libor rates prosecutors said Hayes 33 appeared at a London
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Shares of the Cambridge life sciences company bluebird bio Inc soared almost 60 percent on their first day of trading Wednesday an impressive debut for a business that endured years of stagnation and another encouraging sign for the biotechnology
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BEIJINGMounting evidence of weakness in Chinas economy and increasing stress in its financial system are testing the governments determination to ride out a slowdown without resorting to stimulus measures image A preliminary gauge released
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At a hearing Wednesday before the Senate aviation subcommittee various concerns were raised by senators and by a consumer group but much of the focus was on slot divestiture The Department of Justice is reviewing whether this ought to be a condition
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NEW YORK TheStreet The Mens Wearhouse MW was sinking after the mens apparel retailer said its executive chairman founder and brand spokesman George Zimmer had been quotterminatedquot The companys board of directors quotexpects to discuss with
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By Richard Hubbard LONDON Thu Jun 20 2013 715am EDT LONDON Reuters The clear signal from the US Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp
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Thu Jun 20 2013 654am EDT Clear signal of Fed tapering sparks global asset selloff MSCI World drops 19 pct in biggest 1day fall for 12 months Weak China data added to global growth concerns Oil gold copper slump as dollar gains By Richard
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LONDON The eurozone downturn eased in June with the manufacturing sector contracting at the slowest pace in 16 months data from Markit showed on Thursday The preliminary manufacturing purchasing managers index for the euro zone rose to 487
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At a hearing Wednesday before the Senate aviation subcommittee various concerns were raised by senators and by a consumer group but much of the focus was on slot divestiture The Department of Justice is reviewing whether this ought to be a condition
- Read the full story here.
Swiss National Bank SNBN President Thomas Jordan pledged to defend the Swiss currency ceiling with utmost determination after the central bank underlined the measures importance in protecting the economy The franc remains high and the cap of
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By Jonathan Cable LONDON Thu Jun 20 2013 626am EDT LONDON Reuters Factory output in China the worlds second largest economy weakened to a ninemonth low in June combining with a continued recession in the euro zone to threaten a
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BEIJING Chinas factory activity weakened to a ninemonth low in June as demand faltered a preliminary survey showed heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy
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Government bonds tumbled from Australia to Portugal and Treasury yields rose to a 20month high after Federal Reserve Chairman Ben S Bernanke said policy makers may end bond purchases in mid2014 US 10year notes fell for a fourth day before an
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WASHINGTON Reuters Forcing a combined American Airlines ltAAMRQPKgt and US Airways Group ltLCCNgt to surrender slots at Reagan National Airport would risk fewer flights to small and mediumsized cities US Airways CEO Doug Parker told
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Five UK banks must find 134 billion pounds 21 billion to plug a 271 billionpound capital shortfall by the end of the year the Bank of England said The five lenders including Barclays Plc BARC Lloyds Banking Group Plc LLOY and Royal Bank of
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Equity bond and commodity markets sold off sharply in Europe and Asia on Thursday picking up the baton from the sharp falls on Wall Street after the US Federal Reserve suggested it could start to unwind its monetary stimulus program later this year
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BERN SwitzerlandThe Swiss economy slightly revived at the start of the year but there are still no signs of a lasting recovery in the countrys exports Swiss National Bank President Thomas Jordan said Thursday quotSince the start of 2011 real exports have
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Chinas factories are faltering again pointing to slowing growth in the worlds secondbiggest economy HSBC said Thursday that its quotflashquot index of manufacturing purchasing managers sentiment fell to a ninemonth low of 483 in June as new export orders
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US stocks fell Wednesday after Fed chairman Ben Bernanke spelled out his plans to begin reducing stimulus NEW YORK CNNMoney Investors may be in for a Bernanke hangover on Thursday US stock futures were weaker across the board ahead of
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Sonys chief executive told shareholders on Thursday that he was in no hurry to rule on a proposal by the Japanese groups largest investor that it spin off its film and music business into a separately listed company Kazuo Hirai told more than 10000 mostly
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LONDON British authorities on Thursday called on five of the countrys largest banks to raise a combined 134 billion 207 billion in extra capital by the end of the year to protect against future financial shocks The demands form part of attempts by the
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Britains biggest banks said asset sales and funds generated from internal growth mean they wont need to sell shares to meet the Bank of Englands 134 billion pounds 21 billion in capital requirements announced today Barclays Plc BARC Lloyds
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BERN SwitzerlandThe Swiss economy slightly revived at the start of the year but there are still no signs of a lasting recovery in the countrys exports Swiss National Bank President Thomas Jordan said Thursday quotSince the start of 2011 real exports have
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Four large US banks have failed to comply with key elements of a landmark 25 billion mortgage settlement an independent monitor said Wednesday The report shows that lenders continue to bungle their dealings with struggling homeowners seven years
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A month ago Mens Wearhouse Inc called cofounder and Chairman George Zimmer the chief driving force behind the Company By Wednesday the seller of discount suits had driven him out The public ousting of Mr Zimmer who opened the first Mens
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Andrew HarrerBloomberg The chairmans description of the end of quantitative easing indicates that Fed officials see the economy finally healing from a burst credit bubble that deflated housing prices by 35 percent over almost six years left one in 10
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