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UK talking to six banks about settling FX probe - sources |
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By Jamie McGeever and Steve Slater LONDON (Reuters) - Britain's financial regulator has intensified talks with six major banks over allegations of collusion and manipulation in the foreign exchange market, setting the stage for a group settlement that could cost them close to 2 billion pounds($3.26 billion). Britain's Financial Conduct Authority (FCA) and the lenders are keen to draw a line under a scandal that has cast London, the world's foreign exchange trading hub, in a negative light, ensnared the Bank of England and weighed on banks' share prices. ...
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Chicago-area air traffic center fire grounds 1,700 flights |
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By Mary Wisniewski and Karl Plume CHICAGO (Reuters) - A fire apparently set by an employee at a Chicago-area air traffic control center led to the cancellation of nearly 1,700 flights at the city's two major airports, snarling air traffic across the United States, officials said. Flights resumed at O'Hare International Airport, one of the world's busiest, after a delay of about four hours, but there were bottlenecks across the entire air system. The blaze at the facility in Aurora, outside of Chicago, appeared to be set by a man who suffered self-inflicted knife wounds, Aurora police said. ...
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Lawsuit makes for awkward start to Modi's big U.S. visit |
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By David Ingram and Andrew MacAskill NEW DELHI (Reuters) - Prime Minister Narendra Modi kicked off his maiden visit to the United States as India's leader on Friday, facing an unwelcome reminder of his once-strained relations with his host nation: a lawsuit alleging he failed to stop anti-Muslim rioting in 2002. Washington and New Delhi brushed off the suit brought in a U.S. court on the eve of Modi's arrival, saying it would not affect the visit, which includes an address at the U.N. General Assembly in New York and meetings with President Barack Obama. ...
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