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Brazil charges Swiss bank manager with laundering bribe money

BRASILIA (Reuters) – Federal prosecutors on Tuesday charged a Spanish-Swiss banker with laundering $21.7 million in graft money for Brazilian clients involved in the country’s largest corruption scandal, including jailed former lower house speaker Eduardo Cunha. David Muino Suarez, a relationship manager of Zurich-based BSI bank, was arrested at Sao ...

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Wall Street eases as investors look past tax revamp

NEW YORK (Reuters) – U.S. stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was offset by concern over its effect on years of monetary policy stimulus and the future of interest rates. The U.S. House of Representatives initially passed the tax legislation in an ...

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Apple leads Wall St lower as tax-bill vote looms

(Reuters) – Wall Street dipped on Tuesday, ahead of a vote on a bill to overhaul the U.S. tax system, weighed down by an Apple-led pullback after two strong session of gains on rising hopes that the U.S. Congress will vote in favor of the bill. The House of Representatives ...

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Amtrak safety record under scrutiny even before deadly derailment

(Reuters) – The fatal derailment of an Amtrak train south of Seattle on Monday is likely to intensify scrutiny of the national passenger railroad company’s safety record, which was already under the microscope following a series of fatal incidents. The U.S. National Transportation Safety Board (NTSB) said late on Monday ...

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Singapore issues more financial bans related to 1MDB scandal

SINGAPORE (Reuters) – Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory activities. In July, a Singapore court jailed Yeo for 4-1/2 years for ...

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Tax plan optimism propels Wall Street to record highs

NEW YORK (Reuters) – Wall Street hit record closing highs on Monday as optimism increased about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage. The Nasdaq surpassed the 7,000-point mark during the session but closed below that level. The Republican-controlled U.S. Congress ...

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Wall St jumps on tax-cut hopes, M&A flurry

(Reuters) – Major U.S. stock indexes hit record highs in a broad rally on Monday as the long-awaited bill to lower taxes looked set to be passed into law and a flurry of dealmaking buoyed sentiment. More U.S. Republicans Senators on Sunday said they expected Congress to pass the tax ...

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Hedge fund manager Hohn won’t attend LSE vote – source

LONDON (Reuters) – British hedge fund manager Christopher Hohn will not attend a vote on the motion brought by his firm to oust London Stock Exchange (LSE.L) chairman Donald Brydon, a source close to the firm told Reuters. Activist hedge fund manager TCI Fund Management, run by Hohn, is unhappy ...

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Asian shares rise amid U.S. tax cut hopes; China in focus

SYDNEY (Reuters) – Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill, while Chinese stocks were soggy after the country’s central bank raised interest rates. Meanwhile, the launch of bitcoin futures on the CME exchange bolstered expectations the cryptocurrency’s red-hot ...

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Aconex receives $1.19 billion takeover offer from Oracle Corp

(Reuters) – Aconex Ltd (ACX.AX) said on Monday it had received a A$1.56 billion ($1.19 billion), or A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp (ORCL.N). Aconex said in a statement its directors had unanimously recommended the offer, which represents a 47.4 percent premium to ...

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