U.S. probes Wells Fargo’s retention of employee communications

(Reuters) – U.S. regulators are investigating Wells Fargo & Co’s retention of employee communications over “unapproved” messaging tools, the bank said on Tuesday, the latest in a crackdown that has already sparked billions of dollars in fines. The United States Securities and Exchange Commission and the United States Commodity Futures Trading Commission have undertaken the …

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China boosts Australian coal imports on hopes for more easing of curbs -traders, data

By Muyu Xu and Chen Aizhu SINGAPORE (Reuters) -Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year hiatus. In early January, Beijing gave permission to four government-backed firms, comprising steel giant Baowu Group and three …

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ADIA weighs bid for 2 billion stg stake in UK’s Associated British Ports – Bloomberg News

(Reuters) -Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is among the parties considering a bid for a 34% stake in Associated British Ports that could be valued at about 2 billion pounds ($2.42 billion) or more, Bloomberg News reported on Tuesday. Stonepeak Partners LP and British Columbia Investment Management Corp are among the other …

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Putin cancels decree underpinning Moldova’s sovereignty in separatist conflict

By Alexander Tanas CHISINAU (Reuters) – President Vladimir Putin revoked on Tuesday a 2012 decree that in part underpinned Moldova’s sovereignty in resolving the future of the Transdniestria region – a Moscow-backed separatist region which borders Ukraine and where Russia keeps troops. The decree, which included a Moldova component, outlined Russia’s foreign policy 11 years …

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Indonesia’s posts $6 billion budget surplus in January – Finance Minister

JAKARTA (Reuters) – Indonesia had a 90.8 trillion rupiah ($5.97 billion) budget surplus in January or 0.43% of gross domestic product, as a risk of lower economic growth this year still lingers amid a global economy slowdown, finance minister Sri Mulyani Indrawati said on Wednesday. Government revenues in January rose 48.1% on a yearly basis …

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Analysis-Indonesia’s renewed dalliance with global bond investors may be brief

By Ankur Banerjee and Patturaja Murugaboopathy SINGAPORE (Reuters) – A sudden surge of foreign interest in Indonesian bonds may be reaching a peak, as investors see local interest rates holding steady while the outlook for U.S. rates again rises. Also, analysts say, many investors have already bought the larger holdings of Indonesian bonds they sought …

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