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Finance News

Bank regulators seek deal on crisis reforms

Santiago - World banking supervisors said Wednesday they were closing in on finalizing controversial new regulations to prevent a repeat of the 2008 financial crisis.

The City will bounce back despite Brexit: Lord Mayor

London - The Brexit vote has shaken the City of London but will not destroy it despite creating uncertainty, the newly-installed Lord Mayor of the financial hub told AFP.

German 'terror financing' raids target Chechens

Erfurt - Police raided apartments across Germany Tuesday in a probe against 14 Chechen asylum seekers over suspected financing of terrorist groups and links to the Islamic State group.

French minister says stolen art may fund terror via 'free ports'

Washington - French Finance Minister Michel Sapin on Thursday called on the Group of 20 to prevent the use of so-called "free ports" in the sale of stolen art to fund terrorism.

Mexican finance minister resigns amid Trump scandal

Mexico - Mexico's finance minister Luis Videgaray, a close confidant of President Enrique Pena Nieto, stepped down on Wednesday, a week after White House hopeful Donald Trump's controversial visit to the country.

Pope reins in Vatican's economy minister after scandal

Vatican City - Pope Francis issued a decree Saturday aimed at boosting transparency over Vatican finances, which have been under scrutiny since leaks of secret documents revealed serious irregularities that may have masked corruption.

Ecuador gets $364 mn in emergency support from IMF

Washington - The International Monetary Fund said Friday it approved a $364 million emergency loan to Ecuador after the country was hard-hit by an earthquake in April.

Rio declares financial 'calamity' ahead of Olympic Games

Rio De Janeiro - Rio state authorities declared a "state of public calamity" Friday over a major budget crisis in order to release emergency funds to finance the Olympic Games due to begin in August.

After Ebola, World Bank creates pandemic insurance plan

Sendai - The World Bank announced Saturday a new program to mobilize funds quickly against virulent disease outbreaks after the world was caught unprepared in the 2014 Ebola disaster in West Africa.

Saudi Binladin Group says delayed wages paid to 10,000 staff

Riyadh - Saudi Binladin Group, which has laid off tens of thousands of employees because of financial difficulties, said on Monday it has begun paying delayed wages to its remaining staff.

Founder of online underworld bank jailed for laundering billions

New York - The founder of an online underworld bank that allegedly laundered billions of dollars for criminals was sentenced Friday to 20 years in prison.

US insists European banks can now deal with Iran

New York - The United States insisted Friday that foreign banks should feel free to do business with Iran after Tehran's compliance with a nuclear deal with world powers.

Turkey remands top executive in Erdogan foe crackdown

Istanbul - A Turkish court has remanded in custody seven people, including a top construction executive, on charges of financing President Tayyip Erdogan's foe, Muslim cleric Fethullah Gulen, state media said Friday.

Turkey detains over 100 in new raids on Erdogan foes

Istanbul - Turkish police on Monday detained at least 105 people, including top construction executives, in a new crackdown on supporters of President Recep Tayyip Erdogan's arch foe, the US-based preacher Fethullah Gulen.

Sweden military servers hacked, used in 2013 attack on U.S. banks

Stockholm - Swedish military computers were hacked and used in an attack targeting major US banks in 2013, the armed forces said on Monday.The attack knocked out the web pages of as many as 20 major US banks and financial institutions, sometimes for several days.

Iran denies supporting U.S. bank hacking

Tehran - Iran on Saturday denied supporting cyber attacks against the United States after a New York court indicted seven Iranians over hacking dozens of American banks and a major dam.

Argentina-IMF relations thawing after a 10-year break

Washington - Argentina's reformist government has opened the way to resuming relations with the International Monetary Fund, after a decade of icy relations that saw the country censured by the crisis lender.

Debt collectors strike fear in recession-hit Russia

Moscow - "If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her credit card payments.

Debt collectors strike fear in recession-hit Russia

Moscow - "If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her credit card payments.

Argentina reaches deal to settle eurobond claims

New York - Argentina has reached a deal to settle with a group of holders of eurobonds it defaulted on 15 years ago, a US court mediator in its debt battle said Tuesday.

Court acquits Vatican's 'Mr 500' of money-smuggling

Rome - A former Vatican accountant known as "Mr 500" for his cash-rich lifestyle was acquitted by an Italian court on Monday of corruption and attempted money-smuggling.

Migration waves and terrorism to dominate Davos get-together

Paris - Europe's migrant crisis and devastating terror attacks will combine with the plunging oil price and China's economic slowdown to give the elite of the political and business worlds plenty to talk about when they gather in Davos from Tuesday.

The Man Who Sold His Songs: Bowie also rocked Wall Street

Paris - David Bowie was not just a musical visionary -- he also made history on financial markets two decades ago when he rocked Wall Street with a "celebrity bond", raising $55 million.

French prosecutors alerted over 'undervalued' Le Pen assets

Paris - A French financial body said Monday it had alerted prosecutors to the "undervalued" assets declaration of far-right National Front leader Marine Le Pen and her father Jean-Marie Le Pen.

Attacking IS finances from three diplomatic fronts

Paris - Since the Paris attacks last month, the international community has launched an offensive against the Islamic State's sources of terror financing, taking action on three diplomatic fronts: the G20, United Nations and European Union.

Russia launches its own rating agency

Moscow - Russia on Friday officially launched its own rating agency as it seeks to counterbalance the influence of Western agencies which have taken a pessimistic line on the country's crisis-hit economy.

IMF accused of bowing to political pressure in Ukraine support

Washington - The International Monetary Fund has been accused of giving in to political pressure in dropping a long established rule on prudential lending so that it can proceed with assistance for Ukraine.

IS finance chief killed in Iraq air strike: US

Washington - A coalition air strike killed an Islamic State finance chief in Iraq last month, the US military said Thursday, hailing it as another scalp in its bid to shatter the extremists' financial network.

Bitcoin founder's Sydney home raided in Australia tax probe

Sydney - Australian entrepreneur Craig Wright has been identified by tech publications as possibly the mysterious founder of online cryptocurrency Bitcoin, shortly before his Sydney home was reportedly raided in a tax probe on Wednesday.

PricewaterhouseCoopers to audit the Vatican

Vatican City - The Vatican on Saturday announced that accounting giant PricewaterhouseCoopers will carry out its first external audit, as Pope Francis seeks to make the Holy See's finances more transparent.
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Federal Reserve G20 Data Display in Ratio Line Chart
Federal Reserve G20 Data Display in Ratio Line Chart
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The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
John Swinney MSP
John Swinney MSP
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Comparison of disposable incomes
Comparison of disposable incomes
Wyatt Emmerich, theclevelandcurrent.com
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
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Couple on couch, working through their budget.
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Retirement
401(K) 2012
Standard Chartered bank
Standard Chartered bank
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The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
A sign outside the headquarters of JP Morgan Chase & Co in New York
A sign outside the headquarters of JP Morgan Chase & Co in New York
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