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U.S. stock prices fell on Tuesday on weaker-than-expected economic data, while expectations of a possible Federal Reserve interest rate increase lifted the dollar to near a two-month high against a basket of currencies. The drop on Wall Street stoked safe-haven bids for gold and less riskier U.S. and German government debt. Oil futures faded into the red after rising earlier on higher expected U.S. gasoline demand for summer driving.
France was bracing for fresh transport chaos Tuesday with railway workers striking just 10 days before Euro 2016 in a bitter labour dispute that has sparked months of protests. The rolling train strike called by the powerful CGT union is expected to affect around half of national and regional services by the time it takes full effect on Wednesday. Neighbouring Belgium also faced growing disruption from a public sector workers' strike on Tuesday, with train services badly hit and uncollected rubbish piling up in Brussels.
By Nate Raymond NEW YORK (Reuters) - A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers that he learned about at the bank to a plumber, who used the tips to illegally make $76,000 (£52,473). Steven McClatchey, 58, was charged in a criminal complaint filed in Manhattan federal court with conspiracy, wire fraud and securities fraud after the plumber, Gary Pusey, secretly pleaded guilty on Friday and agreed to cooperate with authorities. McClatchey, who worked at the British bank in its Manhattan offices from December 2008 to December 2015, was arrested on Long Island, where he resides, and was expected to appear in court later in the day.