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Australia's Biggest Bank Taken to Court in Rate-Rigging Case

Australia's biggest bank was taken to court by the corporate watchdog Tuesday over allegations it rigged the benchmark interest rate.

The action follows a two-year regulatory probe into the Commonwealth Bank of Australia (CBA) -- one of several inquiries into the bank launched by regulators as scandals have engulfed the country's finance industry.

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U.S. Fines Deutsche Bank, UBS and HSBC over Market Manipulation

U.S. authorities on Monday announced fines and charges against three major European banks and eight individuals accused of manipulating futures markets for precious metals.

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IMF Invites Arab Nations to Tackle Public 'Frustration'

The International Monetary Fund is holding a two-day regional conference from Monday in Morocco with a message of reform amid growing "frustration" among the population of some Arab states.

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EU Commissioner Says French President 'Must Show Example' on Deficit

France may no longer be the eurozone's deficit dunce but President Emmanuel Macron must do more to improve the country's finances "if he wants to be the leader in Europe," the EU's economy commissioner said Sunday.

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Ikea's Frugal Founder Ingvar Kamprad Dies Aged 91

Ikea founder Ingvar Kamprad, a farmer's son turned multibillionaire who revolutionized kit furniture, has died aged 91, leaving behind a global empire under investigation over its tax practices, the firm said Sunday.

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Shares of Al-Waleed bin Talal's Firm Surge after His Release

Shares in Saudi billionaire Prince Al-Waleed bin Talal's Kingdom Holding surged on Sunday after he was released following three months of detention.

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France Retains AA Debt Rating, Says Fitch

France retained its "AA" credit rating despite its high and rising debt level, Fitch ratings agency said Friday.

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Soros to Google and Facebook: 'Your Days are Numbered'

Billionaire investor George Soros launched a scathing attack on tech giants at the Davos summit on Thursday, calling them monopolies that could be manipulated by authoritarians to subvert democracy.

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UK Economy Picks Up at End of Tough 2017

Britain's economy grew 0.5 percent in the final three months of last year, official data showed Friday, picking up speed despite Brexit uncertainty.

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Euro Above $1.25 for First Time since December 2014

The dollar weakened further Thursday as the euro climbed to above $1.25 for the first time in more than three years. 

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