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Stock Market & Financial Investment News

News Breaks
March 11, 2014
12:11 EDTBP, LYGBP: Currency traders did not engage in inappropriate trading, Reuters reports
Following a media report alleged one of BP's (BP) currency traders received information from a dealer at Lloyds (LYG), the British oil company has fired back by saying that none of its traders engaged in inappropriate trading activity, Reuters reports. "We carried out a detailed investigation into this allegation, including examining communication on messaging systems and phone, and trading activity," a BP spokesman said, adding that "Based on this detailed investigation, we strongly refute any suggestion that any BP FX traders engaged in inappropriate trading activity in this market." Reference Link
News For BP;LYG From The Last 14 Days
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October 21, 2014
08:18 EDTLYGBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 16, 2014
13:54 EDTBPGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:50 EDTLYGEuropean regulator rejects bonus loophole, NY Times says
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October 15, 2014
07:44 EDTBPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 14, 2014
06:45 EDTLYGData says UK banks paid less than 40% to cover mis-selling, Reuters says
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October 13, 2014
06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
09:13 EDTLYGEBA says EU stress test results to be published October 26
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09:05 EDTBPBP begins $1.1B North Sea project, Bloomberg says
BP CEO Bob Dudley said that the company is poised to begin a project worth close to $1.1B in the North Sea this month, which is anticipated to supply oil and gas into the next ten years, according to Bloomberg, citing comments from Dudley. Reference Link

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