SHANGHAI (Reuters) – China\’s central bank has suspended at least three foreign banks from conducting some foreign exchange business until the end of March, three sources who had seen the suspension notices told Reuters on Wednesday.
ZURICH (Reuters) – Julius Baer has reached an agreement in principle with U.S. authorities to settle an investigation into allegations it helped wealthy American clients evade taxes, potentially drawing a line under the Swiss bank\’s biggest legal issue.
BERLIN (Reuters) – Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
LONDON (Reuters) – Global stock markets fell on Wednesday as oil prices slumped back toward 11-year lows, sapping investors\’ appetite for risky assets and hurting the shares of mining and energy companies.
SINGAPORE (Reuters) – Oil prices remained in a downbeat mood during their final Asian-hours trading session of 2015 after record U.S. crude inventories reinforced concerns about a global supply glut that has pulled down prices by a third over the past year.
SINGAPORE/SYDNEY (Reuters) – Asian share markets looked set to end a rough, volatile year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016.
KUALA LUMPUR (Reuters) – Malaysia\’s troubled state fund 1MDB said it would sell its 60 percent stake in a Kuala Lumpur development project to Iskandar Waterfront Holdings and its partner, state-run China Railway Engineering Corp, for 7.41 billion ringgit ($1.7 billion).
NEW YORK (Reuters) – A federal judge on Wednesday rejected hedge fund manager Doug Whitman\’s request to end his two-year sentence for insider trading early while he pursues his latest appeal of his 2012 conviction.
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TOKYO (Reuters) – Asian shares unwound early gains on Wednesday, as investors turned cautious following renewed selling in recently battered crude oil futures.