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Arrest warrants issued for founders of Panama Papers firm: report

Berlin - Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the Panama Papers data leak, German media reported.

Dollar makes a comeback as Cuba readies currency devaluation

Havana - The US dollar is making a comeback as the favored currency in communist-run Cuba as the country prepares to devalue the peso to relieve pressure on a battered economy.

Mary Robinson to lead probe into African Development Bank chief

Abidjan - Ireland's former president Mary Robinson will lead a panel to investigate the leader of the African Development Bank (AfDB), accused by whistleblowers of corruption, the bank said.

JPMorgan Chase buys new Paris building for post-Brexit move

New York - US bank JPMorgan Chase on Sunday said it had purchased a new building in the heart of Paris capable of holding 450 people, the latest step in its plans to move out of London following Brexit.

Felix Rohatyn, financial force and former US envoy, dies at 91

New York - Felix Rohatyn, a towering figure on Wall Street credited with saving New York from insolvency and who later served as US ambassador to France, has died at age 91.

Family of MH17 victim sues Russia banks, US money transfer companies

New York - The family of an American teenager killed aboard the MH17 flight launched a court case Thursday against Russian banks and US money transfer companies for helping to finance pro-Moscow separatists accused of shooting it down over Ukraine.

Trump taps a fierce critic to lead World Bank

Washington - President Donald Trump on Wednesday tapped David Malpass to lead the World Bank, a fierce critic of the development lender, which he lambasts as wasteful and ineffective.

French court annuls dismissal payout to 'rogue trader' Kerviel

Paris - A French appeals court on Wednesday cancelled an unfair dismissal payout to former Societe Generale trader Jerome Kerviel, whose deals cost the bank 4.9 billion euros after they turned sour.

Top US court rules for Arab Bank in Israel attack case

Washington - Victims of attacks in Israel cannot use an 18th century law to sue the Arab Bank, a multinational financial institution, the US Supreme Court ruled on Tuesday in a precedent-setting case for other foreign businesses.
 

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