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Documentary film ‘Abacus: Small Enough to Jail’ nominated for Oscar

AdocumentaryaboutaChineseunderdog,whichtookontheUSgovernment,isupforanOscar.“Abacus:SmallEnoughtoJail”isthestoryofafamily-ownedbankinNewYork’sChinatown–theonlyb

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India: Punjab National Bank says scam may cost bank nearly $2 billion

PunjabNationalBank(PNB)saidtheamountoffraudulenttransactionsinvolvingthebankcouldgoupbyabout$204millioninadditiontothe$1.77billionithadearlierreported,sendingsh

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Latvian bank ABLV likely to be liquidated: regulator

Latvia'stroubledABLVBank,whichUSauthoritiesaccusedofinvolvementinmoneylaunderingschemesandbribery,islikelytobeliquidatedastheEuropeanCentralBankhasdeterminedtha

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Report: 10,000 people affected by bank breach in India

ByAPDwriterRishikaChauhanNEWDELHI,February23(APD)-AccordingtoareportpublishedinAsiaTimes,investigationshavefoundthatthecarddetailsofaround10,000PunjabNationalBa

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At least five killed in north Myanmar bombing

Atleastfivepeoplewerekilledand16othersinjuredwhenabombexplodedinabankinLashio,Myanmar'snorthernShanstateonWednesday.Eightoftheinjuredarecurrentlyinseriouscondit

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HSBC reports 141 per cent profit rise for 2017, analysts’ forecast

HSBCsaidonTuesdaythatitsreportedpre-taxprofitfor2017stoodatUS$17.2billion,up141percentontheequivalentfigurefor2016,whenthebankbookedlossesonanumberofone-offitem

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ECB freezes Latvian bank after laundering allegation

TheEuropeanCentralBanksaidMondayithasfrozenpaymentsbythethird-largestbankintinyBalticstateLatvia,asitsfinanceshavedeterioratedinthewakeofmoneylaunderingallegati

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China's bond issuance value at 2.5 trln yuan in January

ThevalueofbondsissuedinChinatotaled2.5trillionyuan(394.1billionU.S.dollars)inJanuary,datafromthecentralbankshowed.Ofthebondsissued,2.4trillionyuan'sworthweresol

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European officials: Virtual currencies are no way to pay

SeveralofEurope’stopfinanceofficialsareskepticalaboutvirtualcurrencieslikebitcoin,sayingtheyareriskyforinvestorsandinefficientasawaytopayforthings.Germany’stopm

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India's Punjab National Bank detects 1.77 bln USD fraudulent transaction

India'sstate-ownedmultinationalbankingandfinancialservicescompanyPunjabNationalBank(PNB)Wednesdaydetected"fraudulentandunauthorised"transactionsworthabout1.77bi

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Powell says U.S. Fed to remain alert to financial stability risks

U.S.FederalReservechairmanJeromePowellsaidonTuesdaythatthecentralbankwillremainalerttoriskstofinancialstabilityinthewakeofrecentmarketrout."Wewillremainalerttoa

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Chinese banks to put greater focus on real economy

TighterfinancialregulationshavepromptedChinesebankstoapportiongreaterresourcestotherealeconomyandimprovetheoverallqualityoffinancialserviceswhilekeepingrisksatc

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Jerome Powell sworn in as U.S. Fed chief

JeromePowelltooktheoathofofficeonMondayasChairmanoftheU.S.FederalReserve,succeedingJanetYellen."Today,unemploymentislow,theeconomyisgrowing,andinflationislow.Th

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Malaysia's central bank raises key rate for first time in 3.5 years

Malaysia’scentralbankonThursdayraiseditskeyinterestrateforthefirsttimesinceJuly2014,totapthebrakesatatimegrowthhasbeenrobustandinflationcreepingup.Withtheeconom

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US Senate confirms Jerome Powell as next Fed chairman

TheUSSenateonTuesdayconfirmedformerinvestmentbankerJeromePowellasheadoftheFederalReserve,puttingPresidentDonaldTrump'spickinaroleofenormousinfluenceovertheworld

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China does not "control" or "dominate" AIIB: bank president

Chinadoesnotcontrolordominatethedecision-makingoftheAsianInfrastructureInvestmentBank(AIIB),thebank'spresidentJinLiqunreiteratedhereonMonday.AsaBeijing-headquar

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Russian inflation at record low of 2.5 pct in 2017

InflationinRussiahitarecordlowof2.5percentlastyear,thecountry'sofficialstatisticsserviceRosstatsaidWednesday.Theratebegantosteadilydeclinefromapeakof12.9percent