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Korea fines Deutsche Bank 1b won

Deutsche Bank has been fined 1bn won ($887,000) after South Korea's regulators said its staff manipulated the country's stock market. The fine is the largest ever handed down by Korea's stock exchange, KRX. On Thursday, the Financial…

Oil price surge dips after talks

Oil prices have retreated from Thursday's multi-year highs amid optimism that crude producers can offset any drop in supply caused by the unrest in Libya. Brent crude was trading at $112.65 a barrel, after almost breaking through the $120…

FTSE seen opening higher

The FTSE 100 index is seen rising on Friday, following five sessions of falls, after Wall Street managed to pare losses and Asian markets notched up gains, as a sharp pullback in the oil price alleviated concerns about the global recovery.…

US home sales show signs of recovery

Sales of existing US homes rose by 2.7% in January, but prices fell to their lowest in nearly nine years, said the National Association of Realtors (NAR). The jump came despite severe weather conditions, which hit large parts of the…