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Stock volatility: back with a bang and here to stay

NEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.

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Trader sues Fidelity over website glitch during market rout

BOSTON, Feb 16 (Reuters) - A New Jersey trader filed a lawsuit against Fidelity Investments, accusing it of "gross negligence" because he could not make trades on the company's website earlier this month during a volatile time on the stock market.

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METALS-Shanghai copper rises on short-covering, LME tops $7,000

(Adds broker comment, updates prices) BEIJING, Feb 14 (Reuters) - Shanghai copper prices rose for a second session on Wednesday, tracking a strong jump in London the previous day, as traders took up new positions in the metal before the Shanghai Futures Exchange (ShFE) closes for a national holiday. Market open interest on Shanghai copper hit 811,170 lots on Tuesday, the highest since January 2016, ahead of the Lunar New Year holiday in China beginning on Thursday. Traders are l

technologyNews reuters.com

Cryptocurrency traders to launch lawsuit against Coincheck on Thursday: lawyer

TOKYO (Reuters) - A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month's theft of $530 million in digital money from the Tokyo-based exchange, a lawyer representing the claimants said.

PersonalFinance reuters.com

Ex-Nomura trader must face SEC charges over bond price lies: judge

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission may pursue its civil lawsuit accusing a former senior trader at Nomura Holdings Inc of lying to customers about bond prices in order...

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British watchdog tells algorithmic traders to tighten controls

LONDON (Reuters) - Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority (FCA) said on Monday.

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Deutsche Bank, trader settle U.S. SEC charges over bond prices

(Reuters) - Deutsche Bank AG will pay nearly $4.5 million to settle U.S. Securities and Exchange Commission civil charges that it failed to police traders and salespeople who lied to customers about bond prices, the regulator said on Monday.

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British watchdog tells computer traders to tighten controls

LONDON (Reuters) - Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority said on Monday.

businessNews reuters.com

Wall Street roars back, traders eye volatility ahead

NEW YORK (Reuters) - Shaken out of many months of calm, Wall Street braced for a higher level of volatility in the days ahead, after a roughly 2 percent rebound in U.S. stocks on Tuesday followed the biggest one-day selloff in more than six years.

businessNews reuters.com

Stock sell-off overdue, investors lick their wounds and hunt

The speed of Monday's jaw-dropping sell-off on Wall Street had traders and investors bumped and bruised. But few seemed surprised that a pullback had actually happened. Some were looking for the right time and opportunity to wade back in - but wary of catching a falling knife.

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UPDATE 1-ADM in talks to buy Bunge as early as this week - Bloomberg

Feb 5 (Reuters) - U.S. grains trader Archer Daniels Midland Co could reach an agreement to buy smaller rival Bunge Ltd as early as this week, Bloomberg reported on Monday, citing people familiar with the matter. (https://bloom.bg/2Egl41h)

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Goldman loses more commodities traders in broader overhaul

NEW YORK (Reuters) - Several key commodities traders are leaving Goldman Sachs Group Inc after the Wall Street bank posted one of its worst years in the business.

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UPDATE 3-Goldman loses more commodities traders in broader overhaul

NEW YORK, Jan 31 (Reuters) - Several key commodities traders are leaving Goldman Sachs Group Inc after the Wall Street bank posted one of its worst years in the business.

PersonalFinance reuters.com

U.S. stock pullback stokes fears of more volatility

NEW YORK (Reuters) - Tuesday's stock selloff on Wall Street set traders in the options market fretting about a near-term shock to equities in a way they have rarely done since U.S. President Donald...

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U.S. SEC files suit over possible insider trading on Bioverativ

(Reuters) - The U.S. Securities and Exchange Commission filed an insider trading lawsuit on Friday against "unknown traders" who it said engaged in "highly suspicious trading" just ahead of the announcement that hemophilia specialist Bioverativ Inc had agreed to be acquired by France's Sanofi in an $11.6 billion deal.

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EMERGING MARKETS-Brazil markets extend rally as Lula conviction upheld

By Bruno Federowski BRASILIA, Jan 26 (Reuters) - Brazilian markets extended a rally on Friday as traders bet leftist former President Luiz Inácio Lula da Silva would be barred from running in this year's elections after an appeals court upheld his conviction for corruption. The Brazilian real firmed as much as 1.2 percent before paring gains to around 0.1 percent due to profit-taking. The benchmark Bovespa stock index touched an all-time high at 84,523. Lula, who is leading opin

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MINOR METALS-Cobalt hits 9-year highs, Madagascar disruption fuels rally

BENGALURU, Jan 26 (Reuters) - Prices of cobalt metal have climbed to their highest since July 2008 as worries about shortages were reinforced by output disruptions at the Ambatovy mine in Madagascar this month, European traders said.

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Exclusive: Commodities fund Jamison Capital to shut -source

NEW YORK/LONDON (Reuters) - Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will be shutting its nearly $1.5 billion fund...

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Trading Technologies-Coinbase deal to bridge bitcoin and futures

NEW YORK, Jan 25 (Reuters) - Trading software provider Trading Technologies International Inc said on Thursday it has teamed up with crypto-currency exchange operator Coinbase to give institutional traders direct market access to both bitcoin and bitcoin futures beginning in March.

businessNews reuters.com

Red hot euro, time to meet ECB's Mr cool

LONDON (Reuters) - The euro steadied at a three-year high on Thursday and shares inched back as traders waited to see if the European Central Bank would try to cool the currency's hottest run in nearly four years.

businessNews reuters.com

ECB meets as euro hits three-year high

LONDON (Reuters) - The euro steadied at a three-year high on Thursday and shares inched back as traders waited to see if the European Central Bank would try to cool the currency's hottest run in nearly four years.

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Noble Group says talks with creditors 'constructive', declines to confirm reported deal

SINGAPORE, Jan 25 (Reuters) - Struggling commodities trader Noble Group Ltd is negotiating with creditors to restructure its debt and talks with them have been "constructive", the company's chairman said.

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BlueMountain loses senior investment adviser, senior trader

NEW YORK, Jan 24 (Reuters) - More executives have departed BlueMountain Capital Management as the hedge fund posted disappointing results last year, two people familiar with the matter said on Wednesday.

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South Korea to ban cryptocurrency traders from using anonymous bank accounts

SEOUL (Reuters) - South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, the nation's financial regulator said on Tuesday.

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EMERGING MARKETS-Brazil markets steady ahead of ex-president Lula's trial

(Updates with final prices, Mexican details) By Bruno Federowski BRASILIA, Jan 22 (Reuters) - Brazilian markets were range-bound on Monday as traders avoided big bets ahead of the trial of former President Luiz Inácio Lula da Silva, who is leading opinion polls for this year's elections. Lula has vowed to reverse part of President Michel Temer's reform agenda if elected, but he could be barred from running if a higher court upholds his conviction for corruption at trial on Wednesda

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Wall Street traders brace for meager paychecks as bonus season approaches

NEW YORK (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

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RPT-Wall Street traders brace for meager paychecks as bonus season approaches

NEW YORK, Jan 19 (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

businessNews reuters.com

U.S. approval to close Glencore's HNA deal seen by end-June: sources

LONDON (Reuters) - Swiss trader and miner Glencore expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in its storage and logistics business to China's HNA Group, sources familiar with the matter said.

businessNews reuters.com

U.S. charges Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

businessNews reuters.com

U.S. charges former Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

PersonalFinance reuters.com

Stock 'fear index' snaps out of extended snooze, jumps to six-week high

NEW YORK (Reuters) - A widely followed gauge of expected near-term stock price gyrations perked up on Tuesday to a six-week high as traders took to the equity options market to pick up some...

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UPDATE 2-Cheniere signs 15-year LNG supply pact with trader Trafigura

LONDON Jan 16 (Reuters) - U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc has inked a 15-year, 1 million tonne per annum (mtpa) sales deal with Swiss commodity trader Trafigura, a sign of how the sector's middlemen are expanding their market share.

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Cheniere signs 15-year LNG supply pact with trader Trafigura

Jan 16 (Reuters) - U.S. natural gas producer Cheniere Energy Inc said on Tuesday Singapore-based commodity trader Trafigura Pte Ltd would buy about 1 million tonnes of natural gas per year from its unit for 15 years, starting 2019.

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MOVES-COFCO International hires ex-ADM manager to head new Asia zone

PARIS, Jan 15 (Reuters) - Chinese agricultural trader COFCO International has hired former Archer Daniels Midland Co manager Frederik Groth as head of the Asia-Pacific (APAC) region excluding China.

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Canada's RNC Minerals in talks to fund battery material mine

TORONTO, Jan 15 (Reuters) - RNC Minerals is in talks with commodity traders, mine operators and financiers to help secure $1 billion to build the world's biggest nickel and cobalt project next year, the Canadian miner said.

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Noble Group nets less than expected from oil unit sale to Vitol

LONDON (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world's largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday.

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RPT-INSIGHT-China's COFCO makes painful cuts in drive to lead global food trade

LONDON/PARIS/BEIJING, Jan 12 (Reuters) - China's COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.

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Take Five: World markets themes for the week ahead

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

businessNews reuters.com

China's COFCO makes painful cuts in drive to lead global food trade

LONDON/PARIS/BEIJING (Reuters) - China's COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.

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INSIGHT-China's COFCO makes painful cuts in drive to lead global food trade

LONDON/PARIS/BEIJING, Jan 12 (Reuters) - China's COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.

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EMERGING MARKETS-Short-term Brazilian yields up on inflation data

By Bruno Federowski SAO PAULO, Jan 10 (Reuters) - Yields on short-term Brazilian interest rate futures inched up on Wednesday as higher-than-expected inflation data for 2017 drove traders to trim bets on two additional interest rate cuts. The benchmark IPCA index for last year rose more than the highest forecast in a Reuters poll of economists, though it still missed the official target range for the first time ever. Short-term yields rose in the wake of the report as traders di

environmentNews reuters.com

Hong Kong government adviser resigns over illegal ivory links

HONG KONG (Reuters) - A Hong Kong ivory trader fined this week for illegal possession of ivory resigned on Wednesday from a government advisory panel to protect endangered species, a potentially embarrassing blow for a city fighting to stamp out smuggling of ivory.

environmentNews reuters.com

Records show HK trader fined for illegal ivory sits on govt's endangered species board

HONG KONG (Reuters) - A Hong Kong ivory trader fined this week for illegal ivory possession sits on a government advisory group for protecting endangered species, records showed on Wednesday, potentially an embarrassing blow as Hong Kong fights ivory smuggling.

environmentNews reuters.com

HK court fines ivory trader $1,000 for illegal trading as China cracks down

HONG KONG (Reuters) - A Hong Kong court found an ivory trader guilty of illegal ivory possession and imposed a relatively light penalty of an HK$8,000 ($1,022) fine on Tuesday, less than two weeks after China implemented a total ban on ivory sales.

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UPDATE 2-UK financial watchdog fines, bans ex-RBS Libor trader

LONDON, Jan 8 (Reuters) - Britain's financial watchdog said on Monday it had fined former Royal Bank of Scotland interest rate derivatives trader Neil Danziger 250,000 pounds ($338,000) and banned him from working in any regulated financial activity.

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Papua New Guinea tenders to sell February LNG cargo - trade sources

LONDON, Jan 8 (Reuters) - ** Exxon Mobil's Papua New Guinea's liquefied natural gas (LNG) export plant launches tender on Monday to sell cargo for delivery to Japan, South Korea, China, Taiwan or India region on Feb. 7-12, trade sources said. ** The tender was issued on Jan. 8, closes on Jan. 10 and is valid until Jan. 12, traders said. (Reporting by Oleg Vukmanovic, editing by Louise Heavens)

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RPT-GRAPHIC-Take Five: World markets themes for the week ahead

LONDON, Jan 5 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

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UPDATE 1-CME Group expands private trades in grain markets, raising worries

CHICAGO, Jan 5 (Reuters) - Exchange-operator CME Group Inc will allow a type of privately negotiated transaction in all its agricultural markets for the first time on Monday, splitting traders who predict the move will either improve or hurt transparency.

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CME Group expands private trades in grain markets, raising worries

CHICAGO, Jan 5 (Reuters) - Exchange operator CME Group Inc will allow a type of privately negotiated transaction in all its agricultural markets for the first time on Monday, splitting traders who predict the move will either improve or hurt transparency.

companyNews reuters.com

GRAPHIC-Take Five: World markets themes for the week ahead

LONDON, Jan 5 (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

companyNews reuters.com

METALS-China metals ease; lead gains as frigid weather persists

(Updates prices) By James Regan SYDNEY, Jan 3 (Reuters) - Most Chinese base metals ended lower on Wednesday, while lead gained more than 1 percent as parts of the United States braced for more frigid weather. The peak demand period for lead, which is largely used to make batteries, is during the height of winter when freezing temperatures cause battery failures. Commodities traders said mixed signals were also emerging over the extent of China's demand for imported industrial me

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METALS-China metals mixed; lead gains as frigid weather persists

SYDNEY, Jan 3 (Reuters) - Chinese base metals were mixed in early trade on Wednesday, as the most active copper contract slipped, while lead gained the sharpest as parts of the United States braced for more frigid weather. The peak demand period for lead, which is largely used to make batteries, is during winters when the freezing weather causes battery failures. Commodities traders said mixed signals were also emerging over the extent of China's demand for imported industrial metals

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EMERGING MARKETS-LatAm currencies gain on U.S. data in thin trading

By Bruno Federowski SAO PAULO, Dec 28 (Reuters) - Most Latin American currencies firmed on Thursday after data showing a widening U.S. trade gap offset figures demonstrating a continuingly firm labor market. Traders closely track U.S. economic data in search of clues to the pace of U.S. interest rate increases in coming months. Though employment has shown signs of consistent strength, mixed reports on economic activity have fueled bets that the Federal Reserve will be slow in tig

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Louis Dreyfus agrees to sell metals business to NCCL fund

* Commodity trader Louis Dreyfus Company says agrees to sell global metals business to NCCL Natural Resources Investment Fund

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UPDATE 2-Mexico oil regulator gives Trafigura contract for crude trading

MEXICO CITY, Dec 21 (Reuters) - Mexico's oil regulator said on Thursday it had assigned trader Trafigura a three-year contract to commercialize crude oil the government obtains from the new scheme of contracts derived from an energy reform.

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UPDATE 1-Mexico oil regulator gives Trafigura contract for crude trading

MEXICO CITY, Dec 21 (Reuters) - Mexico's oil regulator said on Thursday it had assigned oil trader Trafigura a three-year contract to commercialize crude the government obtains from the new scheme of contracts derived from an energy reform.

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Mexico oil regulator expects to give Trafigura contract for crude trading

MEXICO CITY, Dec 21 (Reuters) - Mexico's oil regulator is expected to assign oil trader Trafigura a three-year contract to commercialize crude the government obtains from the new scheme of contracts derived from an energy reform, the national regulator said on Thursday.

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METALS-London copper drifts from near two-month top

MELBOURNE, Dec 21 (Reuters) - London copper slipped on Thursday from a near two-month high hit the session before on year end profit-taking, with prices supported by a softer dollar and a sturdy demand outlook from China. FUNDAMENTALS * London Metal Exchange copper edged down by 0.2 percent to $7033.50 a tonne by 0154 GMT, as traders took profits after prices jumped to the highest in nearly two months at $7070.50 on Wednesday, when prices closed up 1.5 pct. * OPEN INTEREST: Ope

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Noble Group gets another credit extension, but future remains uncertain

HONG KONG/SINGAPORE (Reuters) - Troubled commodity trader Noble Group on Thursday said it had obtained a waiver from creditors to extend covenants on a loan facility to May next year, giving it more time in its debt restructuring negotiations.

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U.S. tax cut outlook drives stocks but dents dollar

LONDON (Reuters) - Global stock markets hit record highs on Monday on expectations that a U.S. tax bill could soon pass, though a more cautious reading of the draft law's prospects among currency traders put the dollar under pressure.

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Stock futures up, eyes on Disney-Fox deal, bank stocks

(Reuters) - Wall Street was set for a slightly higher open on Thursday as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.

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Wall Street scales higher on tech gains; Fed's rate decision awaited

(Reuters) - Wall Street indexes advanced on Wednesday as technology stocks gained and traders took positions, overlooking concerns of benign inflation ahead of a likely interest rate hike by the Federal Reserve later in the day.

businessNews reuters.com

Oil settles lower after rally on pipeline outage; Brent premium narrows

HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

technologyNews reuters.com

Bitcoin euphoria puts other retail bets in shade

(Reuters) - If you wondered why 18-year old twitterati and seasoned speculative traders alike have bet on bitcoin's surge toward $20,000 this week, look no further than the comparison with the past year's new stock exchange floatations.

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Oil drops after rally on pipeline outage; Brent premium narrows

HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

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GRAPHIC-Bitcoin euphoria puts other retail bets in shade

Dec 12 (Reuters) - If you wondered why 18-year old twitterati and seasoned speculative traders alike have bet on bitcoin's surge towards $20,000 this week, look no further than the comparison with the past year's new stock exchange floatations.

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Louis Dreyfus to sell Australian fertiliser unit to Agrium

PARIS/WINNIPEG, Dec 12 (Reuters) - Global commodity trader Louis Dreyfus Company has agreed to sell its fertiliser business to Canada's Agrium Inc. as it continues an overhaul in response to tough agricultural markets.

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Cryptocurrency exchanges Coinbase, Bitfinex down

(Reuters) - Digital currency exchange operators Coinbase and Bitfinex reported problems with service through their websites on Tuesday, frustrating traders seeking to cash in on the latest surge in the value of bitcoin and other cryptocurrencies.

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METALS-Zinc up after Glencore holds 2018 output forecast steady

* LME/ShFE arb: http://bit.ly/2wZSAEz (Updates with official midday prices, adds detail) By Maytaal Angel LONDON, Dec 12 (Reuters) - Zinc prices rose on Tuesday after miner and trader Glencore held its output forecast steady for next year, disappointing investors who had largely bet it would restart more capacity. Glencore told an investors presentation it would restart its Lady Loretta mine in the first half of 2018, but added that it expects zinc output to fall sligh

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UK Stocks-Factors to watch on Dec 11

Dec 11 (Reuters) - Britain's FTSE 100 index is seen opening 31 points higher at 7,393.96 on Monday, according to financial bookmakers. * UNILEVER: Apollo Global Management, U.S. agricultural trader Archer Daniels Midland and former chief executive of Germany's Grohe, David Haines, are preparing to submit a new bid in a $7 billion auction for Unilever's spreads business, the Financial Times reported on Saturday. (http://on.ft.com/2AmmC8V) * LONDON STOCK EXCHANGE: The London Sto

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UPDATE 1-After bitcoin’s wild week, traders brace for futures launch

NEW YORK, Dec 10 (Reuters) - The newest way to bet on bitcoin will arrive on Sunday, when futures of the cryptocurrency that has taken Wall Street by a storm begin trading.

businessNews reuters.com

After bitcoin’s wild week, traders brace for futures launch

NEW YORK (Reuters) - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

businessNews reuters.com

Steinhoff shares climb off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

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Steinhoff shares bounce off 14-year low in volatile trade

JOHANNESBURG (Reuters) - Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.

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South Africa's rand stumbles in bear plays ahead of U.S. jobs data

JOHANNESBURG, Dec 8 (Reuters) - South Africa's rand weakened early on Friday as the case to sell mounted ahead of the U.S. jobs data, seen set to lift the dollar, while short positioning by traders eyeing key economic and political events on the horizon also pressured the currency.

domesticNews reuters.com

Gold trader Zarrab says he was threatened in jail for cooperating with U.S.

NEW YORK (Reuters) - A Turkish-Iranian gold trader testifying for U.S. prosecutors in a criminal trial involving sanctions against Iran said on Thursday that he was removed from a New York federal jail after another inmate threatened to kill him for cooperating with authorities.

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Key to Pandora's turnaround: a better advertising platform

(Reuters) - Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company.

domesticNews reuters.com

Turkish gold trader says he paid $45,000 bribe to U.S. prison guard

NEW YORK (Reuters) - A Turkish-Iranian gold trader testifying in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions said on Tuesday that he paid a $45,000 bribe to a U.S. prison guard to obtain alcohol and use the guard's phone.

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UPDATE 1-Turkish gold trader says he paid $45,000 bribe to U.S. prison guard

(Adds Zarrab testimony) By Brendan Pierson NEW YORK, Dec 5 (Reuters) - A Turkish-Iranian gold trader testifying in the trial of a Turkish banker accused of helping Iran evade U.S. sanctions said on Tuesday that he paid a $45,000 bribe to a U.S. prison guard to obtain alcohol and use the guard's phone. Reza Zarrab, who is cooperating with prosecutors, testified that he got the money through a Turkish attorney whom he did not identify. Zarrab said he used the guard's phone to speak w

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REFILE-Gold trader says he never liked Turkish banker facing trial

(Refiles to add dropped text in final two paragraphs.) By Brendan Pierson NEW YORK, Dec 5 (Reuters) - A Turkish gold trader testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank, who is charged with helping Iran evade U.S. sanctions, said Tuesday that he and the banker never liked each other. Reza Zarrab, who has pleaded guilty and is cooperating with U.S. prosecutors in the case, also said he had complained about Halkbank deputy ge

domesticNews reuters.com

Gold trader says he never liked Turkish banker facing trial

NEW YORK (Reuters) - A Turkish gold trader testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank, who is charged with helping Iran evade U.S. sanctions, said Tuesday that he and the banker never liked each other.

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METALS-Copper price sinks to two-month low as dollar firms, inventories rise

* LME/ShFE arb: http://bit.ly/2wZSAEz (Updates prices, dollar, trader comment) By Zandi Shabalala LONDON, Dec 5 (Reuters) - The price of copper fell to its lowest level in two months on Tuesday as inventories rose and the dollar largely held onto gains made in the previous session on hopes of U.S. tax cuts. Benchmark copper had slipped 3.6 percent to $6,580 per tonne by 1527 GMT, after touching its lowest level since Oct. 5 at $6,655.10. It was on track for its biggest

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UPDATE 1-Gold trader says he paid bribes to get out of Turkish jail after 2013 arrest

(Adds additional testimony from Zarrab) By Jonathan Stempel and Brendan Pierson NEW YORK, Dec 4 (Reuters) - A Turkish-Iranian gold trader testifying at the trial of a Turkish bank executive in a New York federal court said Monday that he paid bribes to secure his release from jail in Turkey following his arrest in 2013. The trader, Reza Zarrab, has pleaded guilty to charges that he schemed to help Iran evade U.S. sanctions, and is testifying for U.S. prosecutors against Mehmet Hakan

domesticNews reuters.com

Gold trader says he paid bribes to get out of Turkish jail after 2013 arrest

NEW YORK (Reuters) - A Turkish-Iranian gold trader testifying at the trial of a Turkish bank executive in a New York federal court said Monday that he paid bribes to secure his release from jail in Turkey following his arrest in 2013.

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CORRECTED-Gold trader says he paid bribes to get out of Turkish jail after 2013 arrest

(Corrects headline, paragraphs 1 and 4 to state that Zarrab was arrested in December 2013 and released in February 2014, not released in December 2013) By Jonathan Stempel and Brendan Pierson NEW YORK, Dec 4 (Reuters) - A Turkish-Iranian gold trader testifying at the trial of a Turkish bank executive in a New York federal court said Monday that he paid bribes to secure his release from jail in Turkey following his arrest in 2013. The trader, Reza Zarrab, has pleaded guilty to charge

domesticNews reuters.com

Turkish banker says U.S. prosecutors withheld evidence

NEW YORK (Reuters) - Lawyers for a banker at Turkey's state-owned Halkbank who is charged with scheming to violate U.S. sanctions against Iran accused U.S. prosecutors of withholding evidence that might help exculpate their client. They said this included gold trader Reza Zarrab's alleged willingness to lie in exchange for leniency.

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Gold trader says he paid bribes to get out of Turkish jail in 2013

NEW YORK, Dec 4 (Reuters) - A Turkish-Iranian gold trader testifying at the trial of a Turkish bank executive in a New York federal court said Monday that he paid bribes to secure his release from jail in Turkey in 2013 after he was arrested there in a corruption investigation.

businessNews reuters.com

UK pushing to include Bitcoin under money-laundering rules

LONDON (Reuters) - Britain wants to increase regulation of Bitcoin and other digital currencies by expanding the reach of European Union anti-money-laundering rules that force traders to disclose their identities and report suspicious activity.

businessNews reuters.com

Dollar gains on U.S. tax cut progress; Brexit deal eyed

SYDNEY (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures jumped as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world's largest economy.

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GLOBAL MARKETS-Dollar gains on U.S. tax cut progress; Brexit deal eyed

SYDNEY, Dec 4 (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures jumped as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world's largest economy.

businessNews reuters.com

Dollar gains on U.S. tax cut progress; Asian shares listless

SYDNEY (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world's largest economy.

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GLOBAL MARKETS-Dollar gains on U.S. tax cut progress; Asian shares listless

SYDNEY, Dec 4 (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world's largest economy.

businessNews reuters.com

Dollar, stock futures gain on U.S. tax cut progress

SYDNEY (Reuters) - The U.S. dollar bounced to a two-week top on Monday as traders celebrated the passage of a Senate tax bill over the weekend, while stronger U.S. stock futures pointed to a merry start for Asian shares.

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GLOBAL MARKETS-Dollar, stock futures gain on U.S. tax cut progress

SYDNEY, Dec 4 (Reuters) - The U.S. dollar bounced to a two-week top on Monday as traders celebrated the passage of a Senate tax bill over the weekend, while stronger U.S. stock futures pointed to a merry start for Asian shares.

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Turkish gold trader testifies on bank executive's role in sham food sales

NEW YORK (Reuters) - A Turkish-Iranian gold trader testifying for U.S. prosecutors in a New York court on Friday gave his most detailed account yet of how he claims an executive of Turkey's state-owned Halkbank devised key parts of a plan to launder money for Iran through fake food sales.

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'VIX elephant' catches a lucky break as volatility spikes

NEW YORK, Dec 1 (Reuters) - An unnamed trader dubbed the "VIX elephant," who for months has been prepared for a stock market slump, capitalized on a short-lived spike in volatility on Friday to adjust a massive options hedge.

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Turkey casts Zarrab case as attempt to undermine its politics, economy

ISTANBUL/ANKARA (Reuters) - Turkey cast the testimony of a wealthy gold trader in a U.S. court as an attempt to undermine Ankara and its economy on Friday, highlighting how President Tayyip Erdogan may use the politically charged case to rally nationalist support.

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Turks flock to social media for gold trader sanctions case

ANKARA (Reuters) - Allegations of wrongdoing by Turkey's political and financial leaders have transfixed the country this week, but with some newspapers focusing instead on courtroom conspiracies and clothes, many Turks have been left hungry for news.

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Turkey hopes gold trader Zarrab will 'turn back from mistake', PM says

ISTANBUL (Reuters) - Turkish Prime Minister Binali Yildirim said on Friday he hoped a gold trader cooperating with U.S. prosecutors in the trial of a Turkish banker will "turn back from his mistake", saying the Iran sanctions-related case targeted Turkey and its economy.

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UPDATE 9-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan authorized a transaction in a scheme to help Iran evade U.S. sanctions.