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* 10-yr US yield hits near 7-year high, dollar hits 2018 peak

PORT LOUIS, May 15 (Reuters) - Mauritian bank MCB Group reported a 3.1 percent rise in nine-month pretax profit on Tuesday, helped by higher net interest income.

WASHINGTON, May 15 (Reuters) - The United States on Monday sanctioned Iran's central bank governor Valiollah Seif and Iraq-based Al-Bilad Islamic Bank for trafficking millions of dollars for Iran's Islamic Revolutionary Guard, the second batch of sanctions by the Trump administration since it withdrew from the Iran nuclear deal last...

Ardent naysayers, fevered fans and insouciant elites are faced with something new

May 15 (Reuters) - U.S. Federal Reserve Board nominees Richard Clarida and Michelle Bowman on Tuesday both pledged their best efforts toward achieving the U.S. central bank's twin goals of full employment and low inflation in a nomination hearing before the Senate Banking Committee.

PRAGUE, May 15 (Reuters) - A new Czech market for small company listings had a mixed start on Tuesday, with one firm selling all the stock it had planned, but a second only finding buyers for a third of its offering and another abandoning its listing altogether.

SAO PAULO, May 15 (Reuters) - Brazilian banks are seeing waning corporate loan demand, the latest sign that Latin America's largest economy is struggling to bounce back from its deepest recession in decades.

BRUSSELS, May 15 (Reuters) - The European Commission plans to give preferential treatment to a new class of state bond-backed securities to encourage use of the instrument, which is aimed at diversifying banks' holdings of euro zone bonds, a draft plan showed. The plan, expected to be announced next week,...

KUALA LUMPUR, May 15 (Reuters) - Senior officials at scandal-plagued state fund 1Malaysia Development Berhad (1MDB) withheld information from its board and took some decisions without the board's approval, according to a Malaysian government audit of the fund that was declassified on Tuesday.