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  • EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • BEIJING, Aug 27- Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday. Yao's comments, which came on the same day that state media issued a number of commentaries defending China's policy...

  • LONDON, Aug 27- Copper and zinc scored the biggest one-day gains in over two years on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China. Equities rallied around the world on Thursday following comments by two Federal Reserve officials that prompted investors to push...

  • TORONTO, Aug 27- Toronto Dominion Bank and Canadian Imperial Bank of Commerce on Thursday posted forecast-topping quarterly profits on robust growth in their domestic retail businesses even as both became the latest Canadian lenders to record jumps in bad loans tied to the energy sector. CIBC, Canada's fifth-largest bank, also raised its quarterly dividend,...

  • LONDON, Aug 27- Copper and other base metals jumped on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China. Equities rallied around the world on Thursday following comments by two Federal Reserve officials that prompted investors to push back forecasts for U.S. rate...

  • TORONTO, Aug 27- Canadian lender Toronto Dominion Bank reported higher third-quarter earnings that topped market estimates on Thursday, boosted by gains in its domestic retail and capital markets divisions. Gross impaired loans in its pipelines, oil and gas portfolio rose 59 percent to C $35 million, from C $22 million in the second quarter.

  • WASHINGTON, Aug 27- The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce...

  • KIEV, Aug 27- Ukraine's central bank will cut its main interest rate to 27 percent from 30 percent, effective from Friday, the bank said in an online statement.

  • FRANKFURT, Aug 27- Lending to euro zone households and firms accelerated slightly in July, European Central Bank data showed on Thursday, in a sign that the bank's aggressive asset-purchase programme is bringing some results. "The ECB's monetary stimulus is working its way through the system," said Holger Schmieding, an economist at Berenberg Bank in London.

  • SHANGHAI, Aug 27- China's yuan closed firmer against the dollar on Thursday as traders cited large transactions by state-owned banks possibly on behalf of the central bank, which supported the Chinese currency in both spot and derivative markets. "Major state banks did some large deals, supporting the yuan's value," said a dealer at a European bank in Shanghai.

  • SHANGHAI, Aug 27- China's yuan weakened at open on Thursday, after a U.S. official hinted that the Federal Reserve is reconsidering whether to go-ahead with an interest rate hike next month given the current global market volatility. The People's Bank of China set the midpoint rate at 6.4085 per dollar prior to market open, its lowest level since 2011, firmer than...

  • The key issues hurting China bank earnings Wednesday, 26 Aug 2015 | 9:33 PM ET
    The key issues hurting China bank earnings

    David Marshall, senior analyst, Asia-Pacific Financials at CreditSights, discusses how higher non-performing loans and provisioning charges impact the earnings of Chinese banks.

  • NEW YORK, Aug 26- Pimco Group Chief Investment Officer Dan Ivascyn said a Federal Reserve interest rate increase in September is no longer the Newport Beach, California company's base-case scenario. Ivascyn's statement follows remarks earlier in the day by New York Fed President William Dudley that the prospect of a September rate hike "seems less compelling"...

  • NEW YORK, Aug 26- Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Federal Reserve might not raise interest rates next month. The Dow Jones industrial average rose 619.2 points, or 3.95 percent, to 16,285.64, the S&P 500 gained 72.88 points, or 3.9...

  • NEW YORK, Aug 26- Longer-dated U.S. Treasuries prices stumbled on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The movement of the yield curve is consistent with Dudley's comments, "said Gene Tannuzzo, portfolio manager at...

  • Fed official says September rate hike 'less compelling' Wednesday, 26 Aug 2015 | 3:10 PM ET

    WASHINGTON— The head of the New York Federal Reserve Bank said Wednesday he's less inclined to support a Fed rate hike in September amid recent global turmoil, including falling oil prices and a slowdown in China. William Dudley said the developments pose downside risks for the U.S. economy and have fueled market volatility. But growing worries about economic...

  • BNY Mellon has calculation problems: Report Wednesday, 26 Aug 2015 | 2:17 PM ET

    BNY Mellon has been experiencing problems with how the net asset value of funds is being calculated, according to people familiar with the situation.

  • Bruising sell-off tests market faith in central banks Wednesday, 26 Aug 2015 | 1:48 PM ET

    LONDON, Aug 26- A bruising 48- hour sell-off in global stocks driven by fears of slowing growth has rocked market confidence in central bankers' ability to fight deflation, restore economic health and keep a six-year-old bull run going. Federal Reserve official William Dudley said hiking interest rates next month seemed less appropriate, while a European...

  • NEW YORK, Aug 26- Most U.S. Treasuries prices rose on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The Fed is no hurry to raise rates even though it wants to get off to zero-bound rates, "said Brian Brennan, portfolio manager at T. Rowe...

  • NEW YORK, Aug 26- An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday. Dudley, a dovish policymaker and close ally of Fed Chair Janet Yellen, however left the door open to raising rates for the first time in nearly a decade when the...

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