Source Match Local News
By Barbara Liston ORLANDO (Reuters) - A judge set bail at $1.2 million on Saturday for a pregnant woman facing attempted murder charges for driving a minivan carrying her three young children into the surf off a Florida beach, according to jail records. Ebony Wilkerson, 32, has been charged with three counts of first-degree attempted murder and three counts of child abuse in the incident, which occurred on Tuesday at Daytona Beach. Wilkerson had come to Florida three days before the episode to escape an abusive marriage, according to the arrest affidavit. The children told investigators their mother had been acting "crazy" since they arrived in Florida, and Wilkerson's sister tried twice to get mental health treatment for her the day before she drove the van into the water, the affidavit said.
The Shanghai Stock Exchange has secured approvals from regulators to set up an international trading center in the free-trade zone, the chairman of the bourse said on Saturday. The move could pave the way for more foreign investors to tap the world's fourth-largest stock market by capitalization and also for foreign companies to issue shares in the world's second-largest economy. Gui Minjie, chairman of the Shanghai Stock Exchange, said significant progress has been made in recent years allowing Chinese firms to list on overseas markets. However, no foreign companies are allowed to issue shares on Chinese bourses.
By Kevin Yao and Adam Rose BEIJING (Reuters) - China's exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy despite the Lunar New Year holidays being blamed for the slide. A resilient Chinese economy is good news for the world, particularly for major commodity exporters such as Australia.
Anjin said on Friday a fall in the quality of the diamonds at its mine in eastern Zimbabwe was causing financial problems for the company. The ore we are mining we are recovering low-grade diamonds, which are not fetching much on the market," Anjin board member Munyaradzi Machacha told a parliamentary committee. We are really in serious financial problems. Our primary objective at the moment is to make sure the company survives." Half owned by China's Anhui Foreign Economic Construction Group, Anjin is the biggest diamond miner in Marange.
By Alexandra Alper and Tomas Sarmiento MEXICO CITY (Reuters) - Mexico's telecoms regulator on Friday declared two of billionaire Carlos Slim's major financial and industrial companies "dominant" in telecommunications, but has yet to slap the tag on Slim's flagship telecom company. It is widely expected that Slim's telecom company America Movil will be declared dominant, or having an outsized share in its market, although a spokesman said the company has not yet been notified. Mexico is trying to spur competition in its tight-knit phone and TV industries through a wide-ranging telecoms overhaul passed last year. The newly empowered Federal Telecommunications Institute (IFT) deemed Slim's bank Inbursa and conglomerate Grupo Carso, which both have direct or indirect stakes in America Movil, dominant in telecoms given their "economic interests," the companies said on Friday.
By Emily Flitter NEW YORK (Reuters) - U.S. authorities are investigating whether two French banks violated anti-money laundering rules and economic embargoes on countries like Iran, according to a person familiar with the investigation. Regulators in New York and Washington are looking at potential violations by Credit Agricole and Societe Generale of U.S. economic sanctions imposed against the countries, the source said. In addition to the Iran sanctions violations, the investigation is looking at whether the banks broke embargoes against Cuba and Sudan, according to the source. The agencies involved include the U.S. Treasury Department, the Justice Department, the New York State Department of Financial Services and the Manhattan District Attorney's office, the source said.
WASHINGTON (Reuters) - U.S. consumer credit grew in January but was held back by a contraction in credit card usage that could be a negative sign for the economy. Total consumer credit rose by $13.7 billion to $3.1 trillion, the Federal Reserve said on Friday. Economists polled by Reuters had expected consumer credit to rise by $14 billion in January. Revolving credit, which mostly measures credit-card use, fell by $226 million during the month. Revolving credit figures can be volatile. ...