Deutsche Bank agrees to $55M SEC penalty

Deutsche Bank agreed to pay $55 million Tuesday to settle allegations the German banking giant mis-stated paper losses of at least $1.5 billion during the global financial crisis. The U.S.

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One year later, India’s economy brightens under Modi

When Narendra Modi became prime minister a year ago on a promise to revive India’s once-sparkling economy, inflation was running at 9% and economic growth had slowed to less than

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Euro zone economy picks up pace but Germany lags

A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc’s economy still grew at its fastest in almost two years as cheap food and

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Japan’s Takeda agrees to pay $2.4B ln in diabetes drug suit

Japan’s largest drugmaker Takeda Pharmaceutical Co. said Wednesday it has agreed to pay $2.4 billion to thousands of patients and their families over its diabetes drug Actos which has been

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Global fund investors to U.S. stocks: Drop dead

Global fund investors are dropping U.S. stocks like a rattlesnake on meth. But emerging markets stocks? Sparkly unicorns. TrimTabs Investment research says that investors have yanked a net $15.4 billion

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Major aftershock hits Nepal as search for quake survivors intensifies

The Kathmandu area of Nepal was struck by a magnitude-6.7 aftershock Sunday, just a day after a massive earthquake in the region killed over 2,000 people and devastated a large

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Japan PM Abe visits USA amid controversial WWII remarks

Japan Prime Minister Shinzo Abe begins a historic, week-long visit to the United States on Sunday that will highlight strengthened trade and defense ties between the two countries, and feature

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Nikkei closes above 20,000 for first time in 15 years

The jury may still be out on “Abenomics,” but Japanese investors are rendering at least an interim verdict on the economic policies of Prime Minister Shinzo Abe: thumbs up. The

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Five years after the spill: BP still leaking

BP faced a major crisis exactly five years ago. Today, the oil giant is still facing a crisis – just a different one. On April 20, 2010, the Deepwater Horizon

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IMF faces tipping point over Greece

It was perhaps inevitable that the Greek crisis would hijack the spring meeting of International Monetary Fund this week, but the damage to the international lending agency could grow much

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EU accuses Google of abusing Internet search dominance

The European Union’s competition regulator on Wednesday accused Google of illegally abusing its dominance of the Internet search market in Europe by favoring its own comparison-shopping product when consumers shop

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Russia lifts ban on advanced air defense to Iran

Secretary of State John Kerry, members of Congress and Israeli leaders are protesting a decision by Russian President Vladimir Putin to lift a ban on transferring one of the world’s

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Hong Kong shares soar as mainland China investors buy in

The new system that connects stock markets in mainland China and Hong Kong is creating a buying frenzy in Hong Kong’s Hang Seng index as Shanghai-based investors look south in

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Japan stocks beat U.S. as funds soar 10.7% in Q1

If you sent your money abroad in the first quarter, you got some handsome returns — and the further you sent it, the better. The Standard & Poor’s 500 stock

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Greece says ready to make IMF payment on April 9

Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry

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Netanyahu blasts Obama’s Iran nuclear deal

Israel Prime Minister Benjamin Netanyahu took his protest of the Iran nuclear agreement to the U.S. airwaves on Sunday. “This deal will both threaten us and threaten our neighbors,” Netanyahu

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U.S., Iran reach historic nuclear ‘understanding’

Iran and six world powers on Thursday agreed on “key parameters” for resolving a long-standing dispute over Iran’s disputed nuclear program, which has left the Islamic nation economically isolated. “Today

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Strongest rally in eight years for Chinese stocks

China’s Shanghai Composite Index headed for the longest winning streak since April 2007, led by technology and property companies, after the government signalled it was comfortable with the pace of

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Report: Co-pilot convinced captain to leave cockpit

The co-pilot of the doomed Germanwings flight repeatedly suggested that the captain leave the cockpit, then locked him out and stymied his desperate efforts to return, according to media reports

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3rd American listed among dead in German plane crash

A third American was listed Wednesday among the 150 people killed in the crash of a German airliner in the French Alps, where investigators are still searching through five acres

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