HSBC in $100 million forex fraud settlement

British financial giant HSBC has agreed to pay more than $100 million to US authorities after admitting to defrauding clients during multi-billion-dollar foreign exchange transactions, the Justice Department announced Thursday. The settlement follows an indictment handed down Wednesday against a former Barclays trader similarly accused of defrauding the former California computing giant Hewlett-Packard by manipulating foreign… Please follow and like us:

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FRANCE – UK – Macron to ask Britain to pay up to save Calais border deal

French President Emmanuel Macron will meet with British Prime Minister Theresa May on Thursday where he is expected to ask the UK to take in more refugees from the Calais area and increase its funding for securing the border. Macron and May will discuss Brexit and Le Touquet accord, a 2003 agreement that effectively allowed Britain… Please follow and like us:

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Brexit: will the UK sue the EU?

Brexit minister David Davis has complained in a letter to the prime minister that Brussels is damaging British interests by talking up the threat to companies if the UK leave the EU without a deal. What does the letter say? That Davis has sought legal advice over whether Brussels is breaching Britain’s rights as a member… Please follow and like us:

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May to reshuffle govt in new year reboot as Brexit looms

British Prime Minister Theresa May will begin reshuffling her cabinet Monday in a bid to reassert authority after a torrid 2017 in which she lost her working majority and several ministers to scandals. The long-awaited shake-up arrives ahead of another year of potentially bruising battles over Brexit, as talks with the European Union enter a key… Please follow and like us:

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EU leaders have power to stop Brexit, says Blair

Britain’s former leader Tony Blair has told Euronews that the European Union must show leadership over Brexit—and if it tackled fundamental problems with the European project then the UK could stay in the bloc. The ex-Labour prime minister and increasingly vocal critic of the UK’s plans to leave the EU appeared to go beyond the established… Please follow and like us:

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Facebook, Twitter Threatened With Sanctions in Britain

Social media giants Facebook and Twitter could face sanctions in Britain if they fail to be more forthcoming in providing details about Russian disinformation campaigns that used their platforms in the run-up to last year’s Brexit referendum, the chairman of a British parliamentary inquiry committee warned. The companies have been given until January 18 to hand… Please follow and like us:

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London investors may get access to Chinese bonds

Investors in London may get an opportunity to buy Chinese bonds on the Shanghai Stock Exchange, if a feasibility study proves positive. Sherry Madera, the City of London’s special representative for Asia, told journalists in the British capital on Tuesday that the feasibility study into the Shanghai-London connect will start soon. It could be the first… Please follow and like us:

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France, Germany to unveil eurozone reforms in March

Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday, in an effort to bridge divisions over the future of the single currency. Meeting without departure-bound Britain, the bloc’s 27 leaders were tasked by EU President Donald Tusk to speak freely about their often clashing… Please follow and like us:

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Ireland and Brexit: Five things you need to know

Outside of the UK, the Republic of Ireland is the country that will be most affected by Britain’s exit from the European Union, or Brexit. The UK is the second biggest customer for Irish exports, while Ireland, an EU member state, is the only country to share a land border with Britain. The border between the… Please follow and like us:

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Dublin repeats Brexit demands as Tusk seeks border deal

Ireland repeated Friday its demand for British guarantees over the post-Brexit border as EU President Donald Tusk sought a breakthrough on the key sticking point in the withdrawal negotiations. Tusk was due to meet with Prime Minister Leo Varadkar in Dublin on Friday afternoon, ahead of a Monday deadline by which the EU has demanded progress… Please follow and like us:

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Why the financial war on the Qatari Riyal has failed

Some Arab states are trying to destabilize Qatar’s Riyal, but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave from the central bank, was commenting on moves by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt… Please follow and like us:

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Brexit-charged inflation bites into Christmas shopping

While shoppers at Nottingham’s Christmas market complain about high prices, nearby volunteers hand out food parcels and retailers seek to dispel Brexit gloom with Black Friday sales. The price of everything “is shooting through the roof and wages are pretty much staying the same, so every month you cut back on a little bit more”, council… Please follow and like us:

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Plans set to protect United Kingdom businesses active on Alibaba

By Help is on the way to protect British enterprises, especially the small and medium-sized ones that do business on Taobao, from intellectual property infringement. The China-Britain Business Council said it will work with Chinese e-commerce powerhouse Alibaba Group to find a better solution to protecting those companies from the United Kingdom using the group’s online… Please follow and like us:

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Gold demand hits lowest level since 2009: industry

Global demand for gold dropped nine percent in the third quarter, hit by weak buying in key market India, industry body the World Gold Council said Thursday. World demand in the three months to the end of September fell to 915 tonnes compared with one year earlier to stand at the lowest level since the third… Please follow and like us:

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EU Prepares for British Government Collapse After Firing of 2nd Minister

European Union negotiators are readying themselves for the collapse of Prime Minister Theresa May’s government as it lurches from one crisis to another, say officials in Brussels. And Britain’s Opposition Labor Party is eagerly standing by, with its deputy leader warning Thursday that the ruling Conservative government is so fragile “random events could bring it down.”… Please follow and like us:

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