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...up until Venezuela’s US bank accounts were transferred to Guaidó)....
...Brazil’s central bank is also expected to raise its benchmark Selic lending rate to rein in surging inflation in Latin America’s largest economy....
...Global stocks rose ahead of the hearing. (FT) Earnings Bank of America and Goldman Sachs follow JPMorgan Chase, Citigroup and Wells Fargo last week and report fourth-quarter earnings on Tuesday....
...The United States has surged ahead of us, though....
...The promissory notes are guaranteed by PDVSA Petróleo, a subsidiary that receives payments of about $30m a day from buyers of Venezuelan oil in several bank accounts situated outside Venezuela, which Mr...
...Ashtead is one of many US-focused companies no doubt relieved that Hurricane Irma veered away from Miami at the last moment yesterday....
...multi-currency bank account....
...A country that in 1980 had the highest GDP per capita in Latin America is no longer in the top 10 and its economy is smaller than those of Colombia, Chile and Peru, the IMF data show....
...“There are no established quotas from which to enforce a freeze or a cut. There is no enforcement mechanism in place to ensure that parties to a deal abide by its terms,” said Barclays....
...The US central bank announced a quarter-point increase in the target range for the federal funds rate to 0.25-0.5 per cent, lifting it from the historic lows it has occupied since December 2008....
...This country had a sovereign debt crisis in both 1982 and 1994, the first of which threatened to leave a number of American banks insolvent, including Citicorp and Bank of America, if the banks had not agreed...
...composite PMI; est. 53.5 (prior 53.6)9am: Italy April industrial orders m/m; no est....
...(Aeon) In drug abuse, women at greater risk As opiate abuse swells in the United States, women are particularly at risk....
...Balance of payments data are released at the same time, with the current account deficit expected to have fallen in the first quarter to £23.5bn from £25.3bn in the fourth....
...When Vladimir Putin undermined the strategic state of Ukraine, Europe stood and watched. Part of the problem is that nations have no chill-up-your-spine loyalty to Europe....
...At a publicity event in London last week author Michael Lewis professed “no great antipathy to the high-frequency traders exploiting the problem” of the US equity market....
...(Bloomberg) Nomura The Japanese bank goes on trial in the first case from a barrage of lawsuits alleging banks were at fault for packaging bad mortgages into securities....
...Prices for a $1.25bn bond that matures in 2023 had fallen below 50 cents this year but rose to 53 cents on the dollar on Wednesday while a $500m bond due in September rose from 58 cents to more than 64 cents...
...(FT) In the news HSBC’s Swiss secrets leaked Leaked secret bank account files have revealed how HSBC’s Swiss private bank helped customers avoid taxes and conceal billions of dollars of assets, in some...
...The US has previously used its veto on the UN Security Council to protect Israel from resolutions critical of its treatment of Palestinians, but it says that was based on the ultimate scenario of a two-state...
...(FT) Postal Savings Bank of China eyes IPO The state-owned bank is in talks with potential investors, including an affiliate of Alibaba, US private equity groups and Asian sovereign wealth funds, about...
...The MAS said the 19, which include UBS, Bank of America Merrill Lynch, Royal Bank of Scotland and Deutsche Bank – as well as Commerzbank, which was not required to hand over money – had done enough to help...
...In June, the Office of the Comptroller of the Currency noted that the average amount of an auto loan was greater than the value of the car during the fourth quarter of 2013, as lenders bundled the costs...
...(Financial Times) Google’s UK operation paid £20.4m of corporation tax on its profits in 2013, according to accounts filed at Companies House on Thursday....
...(NYT) Fighters from an extremist al-Qaeda splinter group seized control of the northern Iraqi city of Mosul on Tuesday in an escalation of violence in an oil-rich province that threatens to tip the country...
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