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By Richard Leong NEW YORK (Reuters) - 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.
French railway workers began a rolling strike Tuesday just 10 days before the Euro 2016 football tournament begins, aggravating a bitter labour dispute that has sparked months of sometimes violent protests. The strike has piled further pressure on the Socialist government, which has been besieged by protests and work stoppages over a controversial labour reform bill. Paris metro workers are also planning to walk off the job from Thursday and Air France pilots have also threatened a lengthy strike in the coming weeks, when Euro 2016 is in full swing.
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.