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UPDATE 2-Short-sellers attack Tianhe Chemicals, accuse firm of faking IPO documents
09/02/2014  |  09:45
* Anonymous Analytics alleges massive fraud* Tianhe stock targeted in advance by short-sellers* Stock down more than 5 percent before trading suspended* Short-sellers cowed by crackdown on due diligence - insiders (Adds details on short-selling interest, Tianhe's financials)By Pete Sweeney and Lawrence WhiteSHANGHAI/HONG KONG, Sept 2 (Reuters) - Short-seller research firm Anonymous Analytics accused Tianhe Chemicals Group Ltd on Monday of falsifying statements given to auditors for its Hong Kong initial public offering in June and massively inflating its revenues.Shares in Tianhe dropped 5 percent on Tuesday morning before trading was suspended pending a company announcement....

Scottish independence uncertainty drags sterling to 5-mth lows
09/02/2014  |  15:32
(Updates sterling prices show drop to 5-month low)By Anirban NagLONDON, Sept 2 (Reuters) - Sterling fell to five-month lows and the cost of hedging against sharp currency swings jumped by its greatest rate in three years on Tuesday after a poll showed record support for Scottish independence just two weeks before a referendum.The YouGov poll indicated support for the pro-independence "Yes" campaign had risen to 47 percent, a four-point gain since mid-August and up eight points since the start of the month....

U.S. case dismissal won't dim regulatory glare for base metals sector
09/01/2014  |  16:38
* Legal, regulatory spotlight on metals to remain* U.S. politicians keep up pressure for more probes* Backlogs at metals warehouses up to 2 yearsBy Melanie Burton and Eric OnstadSYDNEY/LONDON, Sept 1 (Reuters) - Industrial metals will stay in sharp regulatory focus, even though a U....

Top 10 investment banks' revenue falls 5 pct in first half
08/28/2014  |  08:00
* H1 revenue falls to $82.3 billion (2013: $86.8 billion)* Fixed income, currencies, commodities revenue down 13 pct* H1 revenue at equity divisions 4 pct lower* H1 revenue for advice on deals climbs 11 percent* FY revenue seen 2 pct lower y-o-y at $150....

Major banks' first-half commodity revenue climbs 21 pct
08/28/2014  |  08:25
* Banks' commodity revenue increases to $3.3 bln in H1* Driven by U.S. power and gas, more investor appetiteBy Eric OnstadLONDON, Aug 28 (Reuters) - Commodities revenue at the top 10 investment banks climbed by about a fifth in the first half of the year as a cold winter boosted business in U....

UPDATE 1-UK watchdog fines Deutsche Bank $8 million for reporting errors
08/28/2014  |  10:18
(Adds more detail, Deutsche Bank comment)By Huw JonesLONDON, Aug 28 (Reuters) - Britain's financial regulator has fined Deutsche Bank AG 4.7 million pounds ($8 million) for wrongly reporting certain market transactions for nearly six years....

Argentina rules out second devaluation of peso
08/28/2014  |  12:02
BUENOS AIRES, Aug 28 (Reuters) - Argentina on Thursday ruled out a second sharp devaluation of the peso this year, despite heavy pressure on the local currency as savers and companies faced with high inflation and the country's default scrabble for dollars.The government implemented a shock 20 percent devaluation of the peso in January, although President Cristina Fernandez had previously sworn this would never happen under her watch....

UPDATE 1-Ex-LPL broker ordered to pay $1.9 mln in U.S. SEC fraud suit
08/28/2014  |  20:12
(Adds details on the sanction in paragraph 3)By Suzanne BarlynAug 28 (Reuters) - A former broker for a unit of LPL Financial LLC accused of diverting clients' funds for his personal expenses has been ordered by a federal judge to pay more than $1.9 million in civil sanctions....

UPDATE 1-U.S.-based stock funds attract $6.1 bln over week -Lipper
08/28/2014  |  22:21
(Adds details on additional flows, analyst comment, table) By Sam Forgione NEW YORK, Aug 28 (Reuters) - Investors in U.S.-based funds poured $6....

ANALYSIS-Bitcoin shows staying power as online merchants chase digital sparkle
08/28/2014  |  05:00
By Gertrude Chavez-Dreyfuss and Michael ConnorNEW YORK, Aug 28 (Reuters) - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power....

UPDATE 1-Glencore, Jinchuan frontrunners to buy BHP's Nickel West
08/27/2014  |  10:25
(Adds comment from second source on Jinchuan's plans)By Silvia Antonioli and Polly YamLONDON/HONG KONG, Aug 27 (Reuters) - Commodities trader and miner Glencore and Chinese nickel producer Jinchuan Group are the frontrunners to buy BHP Billiton's Australian Nickel West division, two sources close to the situation said.BHP, the world's largest mining company, announced plans last week to spin off businesses worth an estimated $16 billion but said that Nickel West in western Australia would not be part of the demerged group....

U.S. regulators to test wider trading increments for small caps
08/26/2014  |  22:16
By Herbert LashNEW YORK, Aug 26 (Reuters) - U.S. security regulators filed a proposal on Tuesday to create a 12-month test period that will widen the minimum quote and trading increments for small-cap stocks that trade infrequently to see whether it will increase trading....

UPDATE 1-CFTC fines Merrill Lynch $1.2 mln for client fee errors
08/26/2014  |  21:43
(Adds detail from release)WASHINGTON, Aug 26 (Reuters) - The U.S. futures regulator said on Tuesday it had fined a unit of Bank of America Corp $1.2 million for failures to supervise the processing of fees charged to its customers over a period of three years....

UPDATE 2-U.S. charges investor relations executive with insider trading
08/26/2014  |  21:02
(Adds details of investigation, bail hearing and comment from firm founder)By Joseph Ax and Nate RaymondNEW YORK, Aug 26 (Reuters) - U.S. prosecutors on Tuesday charged an executive of a New York investor relations firm with insider trading, accusing him of using nonpublic information to earn more than $538,000 in illicit profits....

UPDATE 4-London Metal Exchange dismissed from U.S. price-fixing lawsuits
08/26/2014  |  18:19
(Adds LME owner in 5th paragraph, role and background)By Jonathan StempelNEW YORK, Aug 26 (Reuters) - A judge has dismissed London Metal Exchange Ltd as a defendant from U.S....

UPDATE 1-U.S. charges investor relations firm employee with insider trading
08/26/2014  |  16:51
(Adds details of separate SEC civil charges, prosecutor comment, case citation)By Joseph Ax and Nate RaymondNEW YORK, Aug 26 (Reuters) - U.S. prosecutors on Tuesday charged an employee of a New York investor relations firm with insider trading, accusing him of using nonpublic information to earn more than $538,000 in illicit profits....

U.S. SEC hires former Deloitte executive as chief accountant
08/26/2014  |  16:45
WASHINGTON, Aug 26 (Reuters) - The U.S. Securities and Exchange Commission tapped a former Deloitte LLP vice chairman as its new chief accountant, the agency announced on Tuesday....

UPDATE 3-U.S. judge dismisses LME from aluminum price-fixing lawsuits
08/26/2014  |  16:18
(Adds LME comment, details, paragraphs 5, 11-12)By Jonathan StempelNEW YORK, Aug 26 (Reuters) - A U.S. judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices, hurting manufacturers and purchasers....

U.S. charges investor relations firm employee with insider trading
08/26/2014  |  15:19
By Joseph Ax and Nate RaymondNEW YORK, Aug 26 (Reuters) - An employee of a New York investor relations firm was charged with insider trading on Tuesday, after federal authorities accused him of using nonpublic information to earn more than $538,000 in illicit profits.Michael Lucarelli, the director of market intelligence at Lippert/Heilshorn & Associates, was arrested early Tuesday morning at his Manhattan apartment, a spokesman for the FBI said....

UPDATE 1-Kuwait replaces head of market regulator after political backlash
08/26/2014  |  14:59
* Saleh al-Falah ends shortened four-year term at CMA* To be replaced by former finance minister Nayef al-Hajraf* Follows criticism by some investors of regulatory crackdown* Pressure on CMA to delay some regulatory reforms* Moves in parliament to reduce CMA's independence (Adds analysis, context)By Ahmed HagagyKUWAIT, Aug 26 (Reuters) - Kuwait is replacing the head of its securities regulator after a stormy four years during which he drew criticism from some investors for his attempts to clean up the bourse and for the stock market's weak performance.Kuwait's freewheeling stock market has one of the worst reputations in the region for patchy corporate disclosure and illicit trade....

SEC, NY broker face off over scheme to profit from terminally ill
08/25/2014  |  20:17
By Nate RaymondNEW YORK, Aug 25 (Reuters) - A New York broker went on trial on Monday over a U.S. securities regulator's claims he participated in a scheme designed by a Morgan Stanley employee to profit from the death of terminally ill patients through variable annuity sales....

UPDATE 2-U.S. bankruptcy judge approves Detroit water/sewer bond plan
08/25/2014  |  20:34
(Adds details of bond sale, Syncora objection, comments from Kevyn Orr, fund manager)DETROIT, Aug 25 (Reuters) - A U.S. bankruptcy court judge on Monday approved Detroit's proposal to repurchase nearly $1....

Prague power bourse to offer Romanian, Polish futures contracts
08/25/2014  |  07:01
* 2014 volumes likely won't match year ago* 10 members ready to trade the products* Financially-settled futures contractsBy Michael KahnPRAGUE, Aug 25 (Reuters) - The Power Exchange Central Europe will launch Polish and Romanian futures contracts on Sept. 1 in a move aimed at boosting liquidity and becoming a regional trading centre for central and southeastern Europe....

MIDEAST DEBT-Reviving bond issues to draw big demand despite geopolitics
08/25/2014  |  08:49
* Offshore bond deals in Gulf to resume from September* Some issuers keen to diversify beyond bank loans* No significant outflows of foreign funds due to geopolitics* Arab Spring "stress-tested" the region* Slight spread widening in recent weeks due to illiquidityBy Archana NarayananDUBAI, Aug 25 (Reuters) - A revival of international bond issues from the Gulf is set to draw heavy demand from local and foreign investors, despite the latest geopolitical upheavals in the Middle East and the approach of higher U.S....

High grade corporate bond secondary market braced for change?
08/22/2014  |  14:34
* Interest rate cycle could turn sentiment* Secondary market suffers from an inadequate model* New trading platform initiatives will be testedBy Laura Benitez and Alex ChambersLONDON, Aug 22 (IFR) - A return to interest rate normality and a central clearing engine could address the liquidity risks faced by corporate bond investors, after this month's market volatility highlighted how passive dealers have become.But does it even matter that a European corporate bond now trades on average once a day, according to RBS, compared with nearly five times a day just over a decade ago?Yes, say those who point to increased European investment grade bond issuance....

Argentina bonds steady as investors brace for long fight
08/21/2014  |  16:36
By Paul Kilby and Davide ScigliuzzoNEW YORK, Aug 21 (IFR) - Argentina's latest debt swap proposal may have made resolution of its default mess an even more distant prospect, but the sovereign's bond prices still remain surprisingly robust.Indeed the latest gambit in the long-running Argentine saga - a complicated swap that risks running afoul of US law and that most believe can't work - has hardly hit prices at all....

Argentina rules out another devaluation of peso
08/21/2014  |  17:58
BUENOS AIRES, Aug 21 (Reuters) - The Argentine government on Thursday ruled out a second sharp devaluation of the peso this year, rebuffing calls for a weaker currency from employers who say runaway inflation is hurting trade competitiveness.President Cristina Fernandez's government implemented a shock 20 percent devaluation of the peso in January....

DEALTALK-Foresight wins Goldman big role in China's preferred shares deals
08/21/2014  |  21:00
(For more Reuters DEALTALKS, double click on )By Elzio BarretoHONG KONG, Aug 22 (Reuters) - As Chinese banks prepare to raise $55 billion in the country's first preferred share offers, foreign investment banks with experience in structuring such deals are ready to pounce on a potential $275 million in underwriting fees.And some are more ready than others....

Argentina rules out another devaluation of peso
08/21/2014  |  17:58
BUENOS AIRES, Aug 21 (Reuters) - The Argentine government on Thursday ruled out a second sharp devaluation of the peso this year, rebuffing calls for a weaker currency from employers who say runaway inflation is hurting trade competitiveness.President Cristina Fernandez's government implemented a shock 20 percent devaluation of the peso in January....

UPDATE 1-U.S. judge calls Argentina debt row hearing amid contempt calls
08/21/2014  |  15:06
(Recasts with Thursday U.S. court hearing)By Nate Raymond and Joseph AxNEW YORK, Aug 21 (Reuters) - The U.S. judge who barred Argentina from servicing its debt until it settled with investors demanding full payment on their bonds scheduled a new hearing on Thursday, after the country unveiled plans to sidestep his ruling that led it to default for the second time in a dozen years....

SAFT ON WEALTH-Buffett hoards cash, individuals' holdings hit 14-year low
08/20/2014  |  20:44
(James Saft is a Reuters columnist. The opinions expressed are his own)By James SaftAug 20 (Reuters) - Individual investors have been cutting back on cash in portfolios, the exact reverse of what Warren Buffett has been doing at Berkshire Hathaway....

CORRECTED-UPDATE 3-Mining giant Glencore makes good on pledge with $1 bln buyback
08/20/2014  |  13:14
(Corrects figure to $6.5 billion in paragraph 15)* First of big miners to return cash to shareholders* Analyst praises "sensible" buyback plan* EBITDA up 8 pct to $6....

Russia economic funk ripples out through ex-Soviet states
08/20/2014  |  11:18
By Sujata Rao and Dmitry SolovyovLONDON/ALMATY Aug 20 (Reuters) - Farangees Islomova is worried. Her husband, who labours on a construction site in Moscow's Schelkovo suburb, usually sends 15,000 roubles home to Tajikistan every month....

Thai IPOs poised for post-coup rally
08/20/2014  |  10:50
* More than 30 companies and trusts in line to list on Thai bourse* Big IPOs will reveal foreign investor appetite for Thai riskBy Viparat JantraprapBANGKOK, Aug 20 (Reuters) - Thailand's stock market has experienced a wave of initial public offerings (IPOs) since the military took over the country three months ago, with companies relieved that the political deadlock has ended.The environment has become far more conducive for firms to raise funds as prospects for the economy are brightening, with growth tipped at 5....

RPT-INSIGHT-Japan's polarising PM Abe learns the long game
08/19/2014  |  23:44
(Repeats with story slug for media clients; no changes to text)* Abe's popularity declining and Abenomics floundering* Faces hurdles: Cabinet reshuffle, tax hike, polls* Aides try to temper his hawkish security agenda* They want him to re-focus on economic agendaBy Linda Sieg, Tetsushi Kajimoto and Yuko YoshikawaTOKYO, Aug 20 (Reuters) - Shinzo Abe is one of Japan's most polarizing prime ministers in decades. He may also have a good shot at becoming that rarity in Japanese politics - a long-serving leader....

U.S. SEC launches broad compliance review into "wrap fee" accounts
08/19/2014  |  18:44
By Sarah N. LynchWASHINGTON, Aug 19 (Reuters) - U.S. regulators have asked investment advisory firms to hand over records in connection with "wrap fee" accounts they offer clients, as part of a review to determine if they are complying with federal securities laws....

U.S. SEC launches municipal adviser exams
08/19/2014  |  16:13
By Sarah N. LynchWASHINGTON, Aug 19 (Reuters) - The U.S. Securities and Exchange Commission said on Tuesday it is launching compliance exams for municipal advisers, a group of financial professionals that are new to the SEC's regulatory regime....

Israel Chems files confidential prospectus with SEC -report
08/19/2014  |  14:03
JERUSALEM, Aug 19 (Reuters) - Israel Chemicals (ICL) has filed a confidential prospectus with the U.S. Securities and Exchange Commission (SEC) ahead of a planned share offering next month, financial newspaper TheMarker said on Tuesday....

Exchange-traded fund accentuates merger arbitrage highs, and lows
08/19/2014  |  12:00
By Ashley LauNEW YORK, Aug 19 (Reuters) - For merger arbitrage funds playing this year's hot deal-making market, one exchange-traded fund has pulled ahead - on the upside and the downside.With a 3....

MOVES- BofA, Pimco, SAC Capital, Northern Trust, Everstone
08/19/2014  |  10:28
Aug 19 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters....

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