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By James Pomfret HONG KONG (Reuters) - Three men were charged on Friday in a Hong Kong court with possessing false documents including a check for $460 million in connection with an investigation into the city's shuttered Hong Kong Mercantile Exchange. The exchange, which operated a trading platform for gold and silver futures, surrendered its license to the Securities and Futures Commission at the weekend, saying it did not have enough trading revenues to support its operating expenses. ...
By William Schomberg CARDIFF (Reuters) - A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term stimulus like that of the U.S. Federal Reserve. "I don't think I want to get into the American position of saying it is indefinite and then stopping," said Paul Fisher, one of the British bank's rate-setters. "I think the Americans are finding it a bit hard - as we have seen recently - to get out, because they have got this indefinite horizon. ...
LONDON (Reuters) - A top Federal Reserve official said on Friday U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this was unlikely to happen in the coming month. "Before I would be in favor of tapering I would like to see some reassurance that inflation was going to move back towards target," St. Louis Fed President James Bullard said in a CNBC interview. "I am concerned about this inflation number and we are only a little ways out from the June meeting so I don't quite see how that is going to turn around in a few weeks. ...