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BNP Paribas S.A.

Global Stock Selloff Persists

There was no let-up for bruised share markets on Monday as growing fears of a military conflict in Ukraine followed last week's heavy sell-off on Wall Street, Tokyo and major European exchanges.Towns in eastern Ukraine faced the threat of military action from government forces after Kiev gave pro-Russian separatists a 9 a.m. (2 a.m. EDT) deadline to disarm and end their occupation of state buildings or face a major "anti-terrorist" operation.As the deadline passed, a Reuters reporter in the flashpoint city of Slaviansk, where armed men had seized two government buildings, said there was no outward sign the rebels were complying with the ultimatum.For financial markets it was yet more uncertainty. Asian markets had continued to concede ground overnight and Europe followed suit with the pan-regional FTSEurofirst 300 down 0.5 percent in morning trading.A flurry of M&A activity, including a $6 billion copper mine sale from Glencore Xstrata, helped cushion the falls, which were driven by a ...

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  1. A Tale of Two Headlines

    After twenty trading days, the U.S. stock market (as defined by the S&P 500 (NYSE:SPY)) has moved a whopping point and a half. Yippee.During those twenty days though...

  2. Western banks toughen payment options for Russia steel, grain trade

    LONDON/LAUSANNE, Switzerland (Reuters) - Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russ...

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    U.S. companies picked up the pace of hiring in March, signaling the dampening effects of harsh winter weather on job growth may be fading, a report by a payrolls pro...

  4. European Stocks Rebound Ahead Of German Ifo, U.S. Data

    European stock markets rebounded from sharp losses at the open on Tuesday, with banks and drug makers in the lead, as investors waited for German business-confidence...

  5. BNP Paribas to Cut 1,600 Staff in Ukraine by 2015

    BNP Paribas, France's biggest listed bank, said it would reduce Ukraine staff by 1,600 by 2015 as part of an ongoing restructuring of its local unit in the face of a...

  6. JPMorgan Named Top Commodities Bank

    JPMorgan commodity chief Blythe Masters laid out an ambitious plan four years ago to become the top Wall Street bank in energy and metals trading.Last year Masters a...

  7. Copper Hits 3-1/2 Yr Low On Credit Worries In China

    Copper hit its lowest level in more than 3-1/2 years on Wednesday on worries about growth and tighter credit in China, while aluminium sank as market data highlighte...

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