Finance Banks

  • *Yellen due to speak at Jackson Hole on Friday. *Muted reaction to North Korea missile news. TOKYO, Aug 24- The dollar edged up on Wednesday, moving off lows touched against the yen overnight, as markets looked to a gathering of global central bankers in Jackson Hole, Wyoming for clues on whether the Federal Reserve is poised to hike interest rates again.

  • MEXICO CITY, Aug 23- Ratings agency Moody's on Tuesday lowered its outlook for Mexico's banking sector to negative for the first time in six years, citing slower economic growth and exposure to cash-strapped state oil company Pemex. Mexico's economy shrank in the second quarter for the first time in three years, dragged down by a slump in industrial output, data...

  • Bank of England's Executive Director for Resolution Andrew Gracie to speak- 0615 GMT. JACKSON HOLE, WYOMING, United States- Bank of England's Deputy Governor for Markets and Banking Nemat Shafik to participate in a panel discussion titled "Adapting to Changes in the Financial Market Landscape"- 1450 GMT. FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States-...

  • WASHINGTON, Aug 23- World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process. "I have informed the Dean of the Board that I would be honored to be considered for a second term as head of the World Bank and...

  • TORONTO, Aug 23- Canada's main stock index edged up to a one-week high on Tuesday as better-than-expected earnings for Bank of Montreal supported bank stocks, offsetting losses for the materials group. Canada's fourth largest bank reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital...

  • *Nasdaq touches record intraday high. Aug 23- U.S. stocks rose modestly on Tuesday, as gains in the tech sector helped buoy the Nasdaq to a record intraday high and solid housing market data provided more evidence the economy may be picking up momentum. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues on the timing...

  • *Adjusted EPS up 4 pct to C $1.94 vs C $1.81 average forecast. Canada's fourth-largest lender has expanded in the United States to help counter sluggish growth in its domestic market. The bank recently acquired General Electric Co's transportation finance business in the U.S. and Canada and agreed to buy advisory firm Greene Holcomb Fisher in June this year.

  • NEW YORK/ LONDON, Aug 23- Gold was largely unchanged on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the timing of a U.S. interest rate increase. Federal Reserve Chair Janet Yellen may provide more clarity on interest rates in...

  • *Treasury sells $26 billion two-year notes to solid demand. NEW YORK, Aug 23- The long-dated yield curve flattened to the lowest in one-and-a-half years on Tuesday as investors focused on whether Federal Reserve Chair Janet Yellen will adopt a more hawkish tone in a speech on Friday. Numerous Fed officials including Vice Chair Stanley Fischer, New York Fed...

  • Millennial investor

    In a year that has had little good news for hedge funds comes one positive tidbit: holdings of stocks outside the large-cap space have done well.

  • *Nasdaq touches record intraday high. Aug 23- U.S. stock advanced on Tuesday, as gains in the tech sector helped lift the Nasdaq to a record intraday high and solid housing market data provided more evidence the economy may be strengthening. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues on the timing of a rate...

  • *Nasdaq hits record intraday high. Aug 23- U.S. stock rose on Tuesday, with the Nasdaq hitting a record intraday high, led by technology companies and as robust housing market data strengthened the case for a firming economy. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues on the timing of a rate hike, especially...

  •  Lightening, Shocks, electricity

    As major averages continue to scale new highs, one Wall Street firm believes the stock market rally is getting overdone.

  • Synchronised Swimming

    Economic policy around the world is finally attuned, making a "synchronized global economic bounce" more likely, says strategist Jim Paulsen.

  • TORONTO, Aug 23- Canada's main stock index rose to a one-week high on Tuesday, led by financial shares after one of the country's major banks reported better-than-expected earnings, while lower oil prices weighed on energy stocks. Canada's fourth largest bank reported quarterly results which beat analysts' expectations, benefiting from strength in its...

  • As the U.S. earnings season winds down, the focus shifts to Federal Reserve Chair Janet Yellen's upcoming speech on Friday at Jackson Hole, Wyoming, for clues on when the central bank will raise rates. Traders' bets of a rate hike in September stand at 15 percent, and go up to 40 percent for December, according to the CME Group's FedWatch tool. By no means will the Fed want...

  • *Adjusted EPS up 4 pct to C $1.94 vs C $1.81 average forecast. *Adjusted net income up 5 percent to C $1.3 billion. The bank, Canada's fourth-largest, said earnings per share for the third quarter ending July 31 rose to C $1.86, 3 percent above a year earlier.

  • Giant tractor with people

    Debt is cheap, markets are high and bankers are expecting more big M&A to close out the year.

  • TORONTO, Aug 23- Bank of Montreal reported a 3 percent increase in quarterly earnings, ahead of market expectations, on strength in its retail and commercial banking and capital markets businesses. The bank, Canada's fourth-largest, said on Tuesday its earnings per share for the third quarter to July 31 were C $1.86, above the analysts' average forecast of C $1.81,...

  • Aug 23- U.S. stock index futures were higher on Tuesday as investors shrugged off a drop in oil prices and awaited Federal Reserve Chair Janet Yellen's speech this week for clues on the next interest rate hike. *As the U.S. earnings season winds down, investors are focusing on the annual meet of global central bankers at Jackson Hole, Wyoming, from Thursday, for clues...

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