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Asian stocks hit three-year peak on upbeat US data

Last Updated: Friday, July 04, 2014, 09:33

Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data which showed the lowest unemployment rate in six years and underscored the strength of the economic recovery.

US imposes record fine on BNP in sanctions warning to banks

Last Updated: Wednesday, July 02, 2014, 11:17

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations it violated U.S. sanctions against Sudan, Cuba and Iran, a severe punishment aimed at sending a clear message to other financial institutions around the world.

India link emerges in $8.9-bn BNP Paribas settlement in US

Last Updated: Tuesday, July 01, 2014, 19:58

BNP Paribas has a presence in 75 countries, including in India, with more than 180,000 employees and its businesses include retail, corporate and investment banking.

BNP Paribas to pay a record $8.97 bn in penalties to US

Last Updated: Tuesday, July 01, 2014, 12:22

The plea agreement provides that BNPP will pay total financial penalties of USD 8.97 billion, including forfeiture of USD 8.83 billion and a fine of USD 140 million.

Oil prices down in Asian trade

Last Updated: Monday, June 30, 2014, 09:23

Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said.

BNP Paribas chief concedes bank faces 'severe' punishment

Last Updated: Saturday, June 28, 2014, 23:05

The head of BNP Paribas has conceded the bank will be "punished severely" ahead of what is expected to be a multi-billion dollar fine for breaching US economic sanctions.

BNP Paribas nears up to $9 billion settlement with US authorities: Source

Last Updated: Monday, June 23, 2014, 13:24

BNP Paribas has been negotiating on an almost daily basis with U.S. authorities for weeks.

China group used same metal stocks to borrow $2.5 bn: Report

Last Updated: Wednesday, June 18, 2014, 17:57

A Chinese mining group allegedly used the same commodity stocks as collateral for loans of more than USD 2.5 billion from different banks, state-run media reported, with its other lenders also including Standard Chartered, HSBC, and BNP Paribas.

BNP Paribas warned of US legal risks: Report

Last Updated: Friday, June 13, 2014, 19:55

The bank is accused of breaking sanctions against Iran, Sudan and Cuba between 2002 and 2009 by carrying out dollar transactions with them.

BNP chief operating officer to go amid US probe

Last Updated: Thursday, June 12, 2014, 14:09

A spokeswoman for the bank said he had planned to retire this year anyway and would not comment on the U.S. proceedings.

France says proposed US fine on BNP Paribas 'unreasonable'

Last Updated: Tuesday, June 03, 2014, 19:28

France's foreign minister on Tuesday labelled as "unreasonable" a USD 10-billion-dollar fine the US is reportedly seeking from BNP Paribas bank on charges of violating sanctions on Iran, Sudan and Cuba.

US seeks to fine BNP $10 bn for breaking sanctions: Media

Last Updated: Friday, May 30, 2014, 02:00

The US is seeking more than $10 billion from French bank BNP Paribas to settle charges it violated US sanctions on Iran, Sudan and Cuba, the Wall Street Journal reported Thursday.