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Russell Wasendorf Sr, founder of futures broker Peregrine Financial Group, has pleaded guilty to a fraud involving 24,000 customers

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Russell Wasendorf Sr., founder of futures broker Peregrine Financial Group, has pleaded guilty to a fraud involving 24,000 customers in the state of Iowa. The embezzlement,...

Speaking at the TechCrunch Disrupt conference in San Francisco, Mark Zuckerberg called the drop in Facebook's value disappointing

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Mark Zuckerberg, the boss of social network Facebook, has spoken for the first time of the drop in his company's market value. Mark Zuckerberg called...

Asian stock markets have risen after ECB unveiled a plan targeted at easing the region's debt crisis

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Asian stock markets have risen, joining a global rally, after European Central Bank’s president, Mario Draghi, unveiled a plan targeted at easing the region's...

European Central Bank’s president, Mario Draghi, has unveiled details of a new bond-buying plan aimed at easing the eurozone's debt crisis

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European Central Bank’s president, Mario Draghi, has unveiled details of a new bond-buying plan aimed at easing the eurozone's debt crisis. Mario Draghi said the...

Depositors in Vietnam have withdrawn hundreds of millions of dollars from Asia Commercial Bank after the arrest of tycoon Nguyen Duc Kien

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Depositors in Vietnam have withdrawn hundreds of millions of dollars from Asia Commercial Bank, one of the country's largest banks, after the arrest of...

Billionaire George Soros has bought a stake in Manchester United football club

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Billionaire George Soros has bought a stake in Manchester United football club, a US regulatory filing showed. George Soros' investment fund bought about 3.1 million...

1928 Mercedes-Benz 680S Saoutchik Torpedo, entered by Paul and Judy Andrews of White Settlement, Texas, won Best Of Show at Pebble Beach Concours d'Elegance 2012..

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Considered the most prestigious event of its kind, Pebble Beach Concours d'Elegance ("a competition of elegance") is the conclusion of a week long festival...

Facebook's stock plunged to an all-time low today as the market braced for the company's insiders to dump their stock after the expiration of a lock-up period

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Facebook's stock plunged to an all-time low today as the market braced for the company's insiders to dump their stock after the expiration of...

Standard Chartered has agreed a $340 million settlement with New York regulators that accused it of hiding $250 billion of transactions with Iran

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British bank Standard Chartered has agreed a $340 million settlement with New York regulators that accused it of hiding $250 billion of transactions with...

The economy of the eurozone shrank 0.2 percent in the three months from April to June compared with the previous quarter

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The economy of the eurozone shrank 0.2% in the three months from April to June compared with the previous quarter. The figures from Eurostat covering...

German economy grew by 0.3 percent in the second quarter of 2012, helped by exports and domestic consumption

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German economy grew by 0.3% in the second quarter of 2012, helped by exports and domestic consumption. Earlier, France announced its economy had recorded zero...

Standard Chartered bank illegally "schemed" with Iran to launder as much as $250 billion for nearly a decade

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Standard Chartered bank illegally "schemed" with Iran to launder as much as $250 billion for nearly a decade, a US regulator says. The New York...

Knight Capital is reported to be close to reaching a $400 million rescue deal with a group of investors, which would allow it to open its doors on Monday

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Knight Capital is reported to be close to reaching a $400 million rescue deal with a group of investors, which would allow it to...

US medal-winning athletes at the Olympics will have to pay tax on their prize money

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US medal-winning athletes at the Olympics will have to pay tax on their prize money - something which is proving controversial in the US. But...

European markets have fallen after the ECB president Mario Draghi said the bank would come up with ways to help struggling eurozone countries "over the coming weeks"

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European markets have fallen after the European Central Bank (ECB) president Mario Draghi said the bank would come up with ways to help struggling...

Swiss bank UBS lost 349 million Swiss francs ($356 million) by investing in Facebook shares, more than halving its profits

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Swiss bank UBS lost 349 million Swiss francs ($356 million) by investing in Facebook shares, more than halving its profits. UBS's second quarter profits were...

The US economic growth slowed in the second quarter to an annualized pace of 1.5 percent, as consumer spending eased

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The US economic growth slowed in the second quarter to an annualized pace of 1.5%, as consumer spending eased. But growth in the first three...

Facebook shares have fallen to a new low, as concerns about its mobile strategy sparked a sell-off

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Facebook shares have fallen to a new low, as concerns about its mobile strategy sparked a sell-off when markets opened on Friday. Late Thursday, in...

Moody's has warned the outlook for Germany's AAA credit rating is negative, the first step towards a possible downgrade

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Moody's has warned the outlook for Germany's AAA credit rating is negative, the first step towards a possible downgrade. Credit ratings agency Moody's said the...

Representatives from the troika of international lenders arrive in Greece on Tuesday to assess its progress towards reducing its huge debts

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Representatives from the troika of international lenders arrive in Greece on Tuesday to assess its progress towards reducing its huge debts. They must decide whether...

Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets

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Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets. A local newspaper in Murcia, one of Spain's...

A major study has found that global super-rich elite had at least $21 trillion hidden in secret tax havens by the end of 2010

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A major study has found that global super-rich elite had at least $21 trillion hidden in secret tax havens by the end of 2010. The...

Debt-laden Spain has raised 2.98 billion Euros on the financial markets

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Debt-laden Spain has raised 2.98 billion Euros on the financial markets, but was forced to pay higher interest rates. The average yield on bonds repayable...

US Senate report into HSBC says huge sums of Mexican drug money almost certainly passed through the bank

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A US Senate probe has disclosed how lax controls at HSBC, Europe's largest bank, left it vulnerable to being used to launder dirty money...

Credit card companies Visa and Mastercard and major US banks have agreed to a $7.25 billion settlement to retailers over card fees

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Credit card companies Visa and Mastercard and major US banks have agreed to a $7.25 billion settlement to retailers over card fees. The case, which...