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UPDATE 2-Russian economy stagnates as capital flight hits $75 billion

UPDATE 2-Russian economy stagnates as capital flight hits $75 billion


UPDATE 2-Russian economy stagnates as capital flight hits $75 billion

Posted: 09 Jul 2014 11:24 AM PDT

* Russia faces threat of more sanctions (Adds quotes, Putin, details)

Gaza rockets land deep in Israel as it bombards Palestinian enclave

Posted: 09 Jul 2014 11:13 AM PDT

GAZA/JERUSALEM (Reuters) - Israeli air strikes shook Gaza every few minutes on Wednesday, and militants kept up rocket fire at Israel's heartland in intensifying warfare that Palestinian officials...

Fifty-three blindfolded bodies found in Iraq as political leaders bicker

Posted: 09 Jul 2014 10:50 AM PDT

BAGHDAD Iraq (Reuters) - Iraqi security forces found 53 corpses, blindfolded and handcuffed, south of Baghdad on Wednesday as Shi'ite and Kurdish leaders traded accusations over an Islamist...

Ukraine threatens to retake territory from defiant rebels

Posted: 09 Jul 2014 10:34 AM PDT

KIEV/DONETSK Ukraine (Reuters) - Ukrainian government forces on Wednesday warned separatists in the eastern town of Donetsk that a plan was now in place to take back the territory they occupy, but...

Ex-New Orleans Mayor gets 10 years in prison

Posted: 09 Jul 2014 10:26 AM PDT

NEW ORLEANS (Reuters) - Former New Orleans Mayor Ray Nagin was sentenced on Wednesday to 10 years in federal prison for corruption during the critical years of rebuilding after Hurricane Katrina...

Currency trading volumes more than $5 trillion in June-CLS

Posted: 09 Jul 2014 10:07 AM PDT

LONDON, July 9 (Reuters) - Average daily volumes in the global foreign exchange market surged by over $500 billion in June, data from FX settlement system CLS showed, suggesting a bounce-back for the...

GLOBAL MARKETS-Steady stocks eye central banks; crude falls

Posted: 09 Jul 2014 10:02 AM PDT

* Brent at 1-month low as Libyan supply returns; WTI falls the most since late May * Alcoa's beat boosts Wall Street stocks * Euro edges up versus dollar (Updates prices, adds crude oil comment) By...

Anger mounts as Germany unearths second U.S. spy suspect

Posted: 09 Jul 2014 09:41 AM PDT

BERLIN (Reuters) - German politicians reacted angrily on Wednesday to news of a suspected U.S. spy in the defence ministry, which came days after the arrest of a German foreign intelligence agency...

UPDATE 1-State Street settles shareholder, employee lawsuits for $70 mln

Posted: 09 Jul 2014 09:16 AM PDT

July 9 (Reuters) - State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely...

Fugitive Snowden asks to extend stay in Russia: lawyer

Posted: 09 Jul 2014 08:51 AM PDT

MOSCOW (Reuters) - Former U.S. intelligence contractor Edward Snowden has asked Moscow to extend his asylum in Russia, his lawyer said on Wednesday.

Russia gives green light for next U.S. ambassador

Posted: 09 Jul 2014 08:12 AM PDT

MOSCOW (Reuters) - Russia has given the green light for career diplomat John Tefft to be appointed U.S. ambassador to Moscow, an aide to President Vladimir Putin said on Wednesday.

GLOBAL MARKETS-Markets little changed ahead of Draghi, Fed minutes

Posted: 09 Jul 2014 07:58 AM PDT

* Alcoa's beat boosts Wall Street stocks * Euro edges up versus greenback (Updates prices, changes comments, byline, dateline, previous LONDON) By Rodrigo Campos NEW YORK, July 9 (Reuters) - A global...

FOREX-Dollar dips as Treasuries pare losses, before Fed minutes

Posted: 09 Jul 2014 07:49 AM PDT

* ECB President Draghi to speak (Adds comments, updates prices)

State Street reaches $60 mln settlement over forex pricing

Posted: 09 Jul 2014 07:43 AM PDT

July 9 (Reuters) - State Street Corp has reached a $60 million settlement of a shareholder lawsuit that accused it of overcharging clients for foreign exchange services, and falsely stating it...

BRIEF-State Street settles shareholder lawsuit over foreign exchange services for $60 million

Posted: 09 Jul 2014 07:29 AM PDT

July 9 (Reuters) - State Street Corp : * Other defendants reach $60 million settlement of shareholder lawsuit related

Russia saw $12.3 bln in capital flight in Q2 - central bank

Posted: 09 Jul 2014 07:06 AM PDT

MOSCOW, July 9 (Reuters) - Russia saw $12.3 billion in net capital outflow in the second quarter, data from the central bank showed on Wednesday.

FOREX-Dollar gains ahead of release of Fed meeting minutes

Posted: 09 Jul 2014 06:51 AM PDT

* ECB President Draghi to speak (Recasts with U.S. dollar moves, changes dateline; previous LONDON)

Emirates finalizes $56 billion order for 150 Boeing 777X planes

Posted: 09 Jul 2014 06:47 AM PDT

(Reuters) - Dubai airline Emirates [EMIRA.UL] finalized a $56 billion order to buy 150 Boeing 777X jets on Wednesday, firming up a commitment made last year, just weeks after scrapping an order with...

Both candidates in Indonesia election claim victory; Jokowi ahead in more counts

Posted: 09 Jul 2014 06:44 AM PDT

JAKARTA (Reuters) - Both candidates claimed victory in Indonesia's presidential election on Wednesday, suggesting there could be a drawn out constitutional battle to decide who will next lead the...

UPDATE 8-Both candidates in Indonesia election claim victory; Jokowi ahead in more counts

Posted: 09 Jul 2014 06:33 AM PDT

JAKARTA, July 9 (Reuters) - Both candidates claimed victory in Indonesia's presidential election on Wednesday, suggesting there could be a drawn out constitutional battle to decide who will next lead...

CANADA FX DEBT-C$ range-bound ahead of Friday's jobs data

Posted: 09 Jul 2014 06:26 AM PDT

* Canadian dollar at C$1.0672 or 93.70 U.S. cents * Bond prices lower across the maturity curve By Leah Schnurr TORONTO, July 9 (Reuters) - The Canadian dollar strengthened modestly against the...

China, U.S. say committed to managing differences

Posted: 09 Jul 2014 05:40 AM PDT

BEIJING (Reuters) - China and the United States need to manage their differences, the leaders of both countries said on Wednesday at the start of annual talks expected to focus on cyber-security,...

MOVES-BofA Merrill Lynch names co-heads for Asia rates team

Posted: 09 Jul 2014 05:07 AM PDT

July 9 (Reuters) - Bank of America Merrill Lynch named Claudio Piron and Adarsh Sinha as co-heads of its Asia rates and currencies strategy team.

GLOBAL MARKETS-Growth fears hit stocks, investors eye Fed and Draghi

Posted: 09 Jul 2014 05:02 AM PDT

By Jamie McGeever LONDON, July 9 (Reuters) - World stocks fell on Wednesday as a decline in Chinese inflation and weaker European industrial data combined to suggest global growth may be slowing,...

UPDATE 1-China's Fin Min defends country's FX intervention

Posted: 09 Jul 2014 04:35 AM PDT

* Says hard to end intervention when China's economy is unsteady (Adds details, quotes)
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