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  • Americans are not saving enough Wednesday, 7 Oct 2015 | 10:00 AM ET
    Americans are not saving enough

    Twenty-eight percent of Americans have nothing in their savings accounts and another 21 percent don't even have a savings account, according to a new survey from GOBankingRates.

  • Profits at big U.S. banks soar since crisis -N.Y. Fed Wednesday, 7 Oct 2015 | 9:37 AM ET

    NEW YORK, Oct 7- Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73...

  • *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? LONDON, Oct 7- Whether the dollar retains its strength mostly depends on how much longer the United States Federal Reserve delays its first interest rate hike in almost a decade, a Reuters poll found on Wednesday. It's now December after the Fed decline to act last month, according to a...

  • *Central bank says wants to keep more of its gold in Germany. Just over one third of the reserve, which Germany started building in the post-war boom years, is now held underground at the Bundesbank in Frankfurt, while the rest is stored at the Federal Reserve in the United States, in France and in England. "Half of Germany's gold reserves will be stored in Germany by...

  • Banks prep earnings Wednesday, 7 Oct 2015 | 8:07 AM ET
    Banks prep earnings

    Wall Street will get third quarter bank earnings next week. The play on big banks, with John McDonald, Sanford Bernstein managing director & sr. research analyst.

  • JPMorgan buys more mortgages from other lenders Wednesday, 7 Oct 2015 | 6:29 AM ET
    JPMorgan Chase headquarters building

    JPMorgan Chase, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is buying loans from smaller lenders.

  • *Gold supported by growing expectations of a Fed rate hike delay. LONDON, Oct 7- Gold steadied on Wednesday, supported by sluggish U.S. economic data which increased expectations that the Federal Reserve will delay raising U.S. interest rates until next year. Gold has come under pressure from expectations that the Fed is set to hike interest rates this year,...

  • HONG KONG, Oct 7- Hong Kong shares rallied on Wednesday, rising over 3 percent, as financials and energy stocks shone just a day before China markets reopen after the national holidays. Industrial and Commercial Bank of China rose 5 percent, Bank of China surged 4.6 percent, while China Construction Bank climbed 4.5 percent. Energy shares also extended their gains...

  • Oct 7- Japanese stocks gained for a sixth day in choppy trade on Wednesday as the Bank of Japan's decision to keep policy unchanged at its policy meeting only raised expectations that the central bank would ease when it next meets on Oct. 30. It was the highest closing level since Sept. 17 and was the longest winning streak in three months. As widely expected, the Bank...

  • Oct 6- The Federal Reserve isn't just afraid of financial instability, it appears to fear financial analysis too. How else do you explain the strong relationship between the appearance of words like "equity values", "froth", and "lending standards" in interest-rate setting discussions and the Fed cutting interest rates? A paper co-authored by Boston Fed President...

  • NEW YORK, Oct 6- Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules spur banks like Deutsche Bank to scale down their businesses. The market share gains are fueling stock trading profits at JPMorgan Chase& Co. as well as at Goldman and...

  • NEW YORK, Oct 6- The U.S. dollar slipped against a basket of major currencies on Tuesday on continued expectations that the Federal Reserve will not hike interest rates this year, while uncertainty over the outcome of a Bank of Japan meeting capped the yen's gains. "People are still very skeptical about the Fed raising rates this year," said Thierry Albert Wizman,...

  • TAKE A LOOK -IMF, World Bank meetings in Lima Tuesday, 6 Oct 2015 | 10:43 AM ET

    Finance ministers and central bankers from around the world are gathering in Lima this week for meetings of the International Monetary Fund and the World Bank. >IMF cuts global growth forecasts again, cites commodity and China worries. >IMF sees China slowdown risks, urges Beijing to float yuan.

  • LONDON, Oct 6- Two of the world's commodity powerhouses, Vitol and Trafigura, have raised over $10 billion this week, despite rival Glencore's run-in with investors, which they say shows bankers understand the sector better than bond or equity dealers. Rival Trafigura, whose founder Claude Dauphin lost his battle with cancer last week at the height of the turmoil...

  • SYDNEY, Oct 6- Australia's central bank left interest rates unchanged on Tuesday for a fifth straight month in a widely expected move and offered no clues to indicate it may change its steady stance any time soon. The Reserve Bank of Australia kept the cash rate at a record low 2.0 percent, where it has been since the last cut in May. The decision and an absence of any...

  • *Gold seeing resistance at $1,140. SINGAPORE, Oct 6- Gold held just below a one-week high on Tuesday as investors bet sluggish U.S. nonfarm payrolls data would deter the Federal Reserve from hiking rates this year, although some cautioned that profit taking could hurt the metal in the near term. Spot gold was little changed at $1,136 an ounce by 0337 GMT.

  • TOKYO, Oct 6- Fading expectations that the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 percent, touching its highest levels since Sept. 18. "One of the two big persistent concerns has faded, so investors are taking risks," said Masashi Oda, senior investment officer at Sumitomo Mitsui Trust Bank, referring to expectations of a near-term...

  • SYDNEY, Oct 6- Australia's central bank kept its cash rate unchanged at a record low 2.0 percent on Tuesday for a fifth straight month in a widely expected decision as it waited to judge the impact of past easings. The Reserve Bank of Australia made the announcement following its monthly policy meeting. All 25 analysts polled by Reuters last week expected no...

  • TOKYO, Oct 6- The dollar climbed versus the safe-haven yen on Tuesday as improving investor risk appetite worked against the Japanese currency, which was also under pressure from the prospect of the Bank of Japan eventually easing monetary policy. Inflation has undershot central bank forecasts in Japan and there has been speculation that the BOJ could...

  • A Fed decision could hinge on this: Expert Monday, 5 Oct 2015 | 4:57 PM ET
    People listen while Federal Reserve Chair Janet L. Yellen speaks at the Federal Reserve's Wilson Conference Center September 17, 2015 in Washington, DC.

    Wondering what the Fed will do next? Risk from a strong dollar could change the Fed policy path, one expert said.

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