Legal & Regulatory

''Save our Swiss gold'' referendum

Swiss gold referendum's support falls short of majority: poll

A proposal to prohibit the Swiss National Bank from selling any of its gold reserves has the support of 44 percent of the public, a closely watched survey showed on Friday, though that result falls short of the backing it needs to pass into law.

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India's Finance and Defence Minister Arun Jaitley (C)

India's finance minister favors interest rate cut: paper

India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident of lower inflation.

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Nuclear power plant

Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays

The French-German consortium Areva-Siemens (AREVA.PA)(SIEGn.DE), the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday.

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Japan

Japan's party animals closer to dancing the night away

Japan's cabinet approved changes on Friday to a 66-year-old law that bans late-night dancing in clubs, a decision that will help businesses cash in on an expected influx of tourists ahead of the 2020 Tokyo Olympics.

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North Korea

International financial watchdog warns on Iran, North Korea

An international financial watchdog said on Friday member states should take action to ward off risks emanating from Iran and North Korea, which it said had failed to tackle money-laundering and financing of terrorism.

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Ireland

ECB tests find 800-850 million euro shortfall at PTSB: source

European bank stress tests have found that Ireland's permanent tsb (PTSB) (IPM.I) had a capital shortfall of 800 million to 850 million euros at the end of 2013, a source familiar with the process said on Friday.

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Angela Merkel

Merkel voices support for Draghi after report of tensions

German Chancellor Angela Merkel thanked ECB President Mario Draghi for spelling out to leaders at an EU summit that governments must play a role in boosting the faltering euro zone economy, and said it was their firm intention to do so.

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BNY Mellon

BNY Mellon China JV gets regulator approval for exit of U.S. partner

A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.

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Experimental candidate vaccine

Drugmakers may need indemnity for fast-tracked Ebola vaccines

Drugmakers are looking for some kind of indemnity from governments or multilateral agencies against possible losses or claims arising from the widespread emergency use of new Ebola vaccines in Africa.

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US Federal Reserve

Fed lays out scenarios for 2015 bank stress tests

The U.S. Federal Reserve said on Thursday it would assume wider corporate bond spreads and a higher oil price in the most strenuous scenario it will use in next year's run of its annual check of banks' health.

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Abbott Laboratories Logo at their headquarters

Abbott, Mylan silent on why changing tax-inversion terms

Drugmakers Abbott Laboratories (ABT.N) and Mylan Inc (MYL.O) on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.

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Casino

Japan casino bill delayed again; resort opening could miss Olympics: sources

Japan's plan to open up to casino gambling has been delayed again, three people familiar with the process said, dealing a blow to one of Prime Minister Shinzo Abe's policy priorities and to hopes the first resort will open in time for the 2020 Tokyo Olympics.

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U.S. Securities and Exchange Commission (SEC)

Divided SEC adopts mortgage rule, decries lax lending

U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors.

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Chinese Brokerage House

Investors seek delay to HK-Shanghai stock tie-up

Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.

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Jean-Claude Juncker

EU's Juncker pledges investment plan for jobs

The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300-billion-euro plan for investment to bolster growth and jobs by the end of this year.

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