BNP Paribas

Deutsche Bank Shares Soar

Research firm Coalition lowers Deutsche Bank position in investment industry

Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.

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Bitcoins As The Digital Currency Climbed To Highest Levels Since Early November

Major banks funding Bitcoin startup on recording blockchain deals

A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset said that it has raised over $50 million funding from 13 investors. The list of investors includes JPMorgan Chase & Com, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture Plc.

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Jack Ma

BNP Report: Alibaba Can Expand Operations with $38B in 2016

If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.

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Venture capital money

Swedish crown slips on rate cut, dollar hits three-week high

The Swedish crown sank 1 percent on Thursday after Sweden's central bank surprised markets by cutting interest rates deeper into negative territory and saying it would pump more money into the economy, citing risks from Greece.

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General Electric

Element to buy majority of GE Capital's fleet ops for C$8.6 bln

Canada's Element Financial Corp (EFN.TO) said it will buy General Electric Co's (GE.N) fleet management operations in the United States, Mexico, Australia and New Zealand for C$8.6 billion ($6.98 billion) in cash.

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BNP Paribas

Sanctions-scarred banks may hold back Iran's economic relief

Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy.

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Air France-KLM

Air France-KLM to launch Servair stake sale soon: sources

Air France-KLM (AIRF.PA) will launch a sale of catering unit Servair soon, seen worth up to around 400 million euros ($435 million), and has mandated BNP Paribas to manage the deal, sources familiar with the matter told Reuters.

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Refinery plant

Brent price edges up on cautious optimism over Greek debt compromise

Oil prices edged up after early falls on Monday as parts of Asia returned from the Lunar New Year holiday, with Brent futures moving further away from $60 a barrel and U.S. contracts moving towards $51.

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Oil field

Oil falls below $62 as analysts doubt recent rally

Oil dropped below $62 a barrel on Wednesday, failing to build on gains of more than 1 percent in the previous session as analysts said a recent rally in prices was overblown.

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NYSE

U.S. economy cools in fourth quarter, but consumer spending shines

U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

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Federal Reserve

All eyes on Fed, Greece after ECB fires bazooka

After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.

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Flag of Cuba

U.S. banks to move cautiously into Cuba, trade groups say

U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes.

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Bank of America

Bank of America hires U.S. officials for financial crime team

Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.

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Shanghai-Hong Kong Stock Connect

Money flows to mainland as landmark Hong Kong-Shanghai stock link opens

International buyers snapped up Chinese stocks on Monday at the debut of an exchange link that allows Hong Kong and Shanghai investors to trade shares on each other's bourses, a major step towards opening China's tightly controlled capital markets.

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Frankfurt stock exchange

Stocks struggle after euro zone growth reports

European stocks fell back on Friday and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.

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