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Noble Group Ltd said on Monday it plans to start legal proceedings after a little-known research firm accused one Asia's biggest commodities trading houses of inflating profits and understating its debt.

Citigroup Inc said it has been authorized by a U.S. judge to process two Argentine debt payments, the bank said, which could ease tensions between the bank and the default-hit nation.

Senator Elizabeth Warren said Friday that the U.S. Labor Department should press ahead with brokerage industry reforms, and not be deterred by the Securities and Exchange Commission's plans to adopt its own separate rules.