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Swiss relieved Credit Suisse probe in US is over

GENEVA — Switzerland’s finance minister says her government is satisfied with the U.S. deal that will allow Credit Suisse, the nation’s second-biggest bank, to put its criminal investigation behind it but notes other banks remain in the crosshairs. Finance Minister Eveline Widmer-Schlumpf says banks including…

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Swiss relieved Credit Suisse probe in US is over

GENEVA — Switzerland’s finance minister says her government is satisfied with the U.S. deal that will allow Credit Suisse, the nation’s second-biggest bank, to put its criminal investigation behind it but notes other banks remain in the crosshairs. Finance Minister Eveline Widmer-Schlumpf says banks including…

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Man United hires Van Gaal as manager

Netherlands coach Louis van Gaal was hired as Manchester United manager on Monday, tasked with repairing the damage from David Moyes’ disappointing 10 months in charge and reviving the fortunes of one of the world’s biggest clubs. The 62-year-old Dutchman signed a three-year contract and will take over at Old Trafford after the World Cup in Brazil, becoming the first ...

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Putin lands in China, with high hopes for closer ties

Russia’s President Vladimir Putin waves as he arrives at the airport in Shanghai. Photo: Reuters Moscow: President Vladimir Putin says he is withdrawing Russian troops from the border with Ukraine, the second time he has said this in less than two weeks. He also praised the government in Kiev, which he had previously called an illegal, fascist junta, for its ...

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French Rogue Trader Kerviel Behind Bars

19 May 2014, 13:04 French Rogue Trader Kerviel Behind Bars Tweet A French rogue trader convicted for his role in the near collapse of Societe Generale bank has been detained after spending two months on a protest walk. Jerome Kerviel journeyed from Rome to the Italian border town of Ventimiglia to demonstrate against “the tyranny of the markets”, portraying himself ...

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South Korea’s President Will Disband Its Coast Guard

Apologizing for a rescue operation that saved only a fraction of the passengers on a ferry that sank last month, South Korea’s president said she plans to dismantle the country’s Coast Guard and reform its emergency and safety systems. President Park Geun-hye announced the shakeup in a televised address to the nation. At times, she wept as she spoke, particularly ...

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Death toll unknown in North Korean building collapse

SEOUL, South Korea — A 23-story apartment building that might have housed more than 90 families collapsed last week in Pyongyang, the North Korean capital, a South Korean government official said yesterday, after the North reported a “serious” accident at a construction site. Earlier yesterday, the North’s…

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Korean leader’s ex survives rumor mill

BEIJING — Yet another urban legend about North Korea bites the dust. The ex-girlfriend of leader Kim Jong Un, reportedly executed by firing squad last year, turned up apparently alive and well on a state television broadcast Friday night. Hyon Song Wol was reported to be one of 10 to 12 people executed in August by…

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Activists: Death toll in Syria’s war tops 160,000

BEIRUT (AP) — The death toll in Syria’s three-year conflict has exceeded 160,000, an activist group said Monday, a harrowing figure that reflects the country’s relentless bloodletting that appears no closer to a resolution. The Britain-based Syrian Observatory for Human Rights said it has documented 162,402 deaths since the uprising against President Bashar Assad’s government began in March 2011. The ...

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