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China markets halt trading for day after shares plunge

China Flag

Chinese stocks plunged Monday, spurring a trading halt for the rest of the session and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the durability of the country's economic recovery.

Top firm pays up as clients cheated IRS


Large cash and gold withdrawals were one way Bank Lombard Odier & Co allowed U.S. clients to sever a paper trail on their assets and cheat the Internal Revenue Service, the bank admitted, agreeing to pay $99.8m to avoid prosecution.