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  • Credit Suisse expected to raise capital with new equity sale

    Dirk Becker, deputy head of German research at Kepler Cheuvreux, explains why he has a reduce recommendation for Credit Suisse, which is preparing a a substantial capital raising.

  • StanChart CEO plans to cut 1,000 top staff: memo Friday, 9 Oct 2015 | 5:08 AM ET
    An illuminated Standard Chartered Plc logo is displayed on the Standard Chartered Bank building.

    Standard Chartered's new CEO plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff.

  • *Zinc soars on Glencore output cut. LONDON, Oct 9- World stocks rose on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve's last policy meeting showed the U.S. central bank is in no rush to raise interest rates. Brent crude oil was on track for its biggest weekly rise since March 2009, while zinc soared 9...

  • Buy Deutsche Bank shares now? Friday, 9 Oct 2015 | 3:00 AM ET
    Buy Deutsche Bank shares now?

    Dirk Becker, deputy head of German research at Kepler Cheuvreux, expects the new CEO of Deutsche Bank, which this week revealed it expected to make a huge loss in the third quarter, to make shareholders a lot of money.

  • MUMBAI, Oct 9- Two years ago India was a "fragile five" emerging economy growing at five percent, grappling with a severe current account deficit, near double-digit inflation, and the rupee at record lows as the U.S. Today, two years into the term of Reserve Bank of India Governor Raghuram Rajan, the rupee has shrugged off its taper tantrum, inflation is tamed, and India...

  • Mark Carney, Governor of Bank of England.

    The BoE will not necessarily wait for a hike from the U.S. Federal Reserve before raising interest rates, Governor Mark Carney said.

  • *Gold rises after dropping 0.6 percent overnight. SINGAPORE, Oct 9- Gold climbed on Friday in a delayed reaction to minutes of the Federal Reserve's last policy meeting that showed the U.S. central bank was in no hurry to hike rates. "Gold was choppy following the U.S.

  • China's yuan firms on stronger midpoint, weak dollar Thursday, 8 Oct 2015 | 11:59 PM ET

    SHANGHAI, Oct 9- China's yuan edged up in thin trade on Friday after the central bank set a stronger midpoint and after the dollar dropped on expectations that the U.S. "The market was sluggish as demand for foreign currencies sagged," said a trader at a Chinese commercial bank in Shanghai. The People's Bank of China set the midpoint rate at 6.3493 per dollar prior to...

  • Credit Suisse prepares substantial capital raising Thursday, 8 Oct 2015 | 9:57 PM ET

    Credit Suisse's new chief, Tidjane Thiam, is set to launch a substantial capital raising as part of his strategic plan, the FT reports.

  • The Bank of England

    The Bank of England has asked institutions to reveal their exposure to commodity, after slumps in oil and metal prices, the FT reports.

  • SINGAPORE, Oct 9- Gold ticked higher on Friday, recovering modestly from overnight losses, but uncertainty over whether the Federal Reserve would hike U.S. rates this year weighed on the market. *Spot gold edged up 0.1 percent to $1,140.10 an ounce by 0040 GMT, after dropping 0.6 percent in the previous session following the release of minutes from the Fed's Sept....

  • LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding their fire. For both the Fed and the Bank of England,...

  • TOKYO, Oct 9- Asian shares rose on Friday, taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve's latest meeting led investors to further pare bets that the central bank will hike interest rates this year. Oil prices climbed to their highest in three months on Thursday, after forecaster PIRA Energy Group...

  • SYDNEY, Oct 9- The dollar started trade in Asia on Friday under a cloud, having come under renewed pressure after minutes of the Federal Reserve's September meeting reinforced doubts that the central bank will hike interest rates this year. "The minutes were viewed as mirroring the dovish tone to the September 17 Fed statement rather than the more hawkish...

  • Fed should have hiked in March: Morgan Stanley CEO Thursday, 8 Oct 2015 | 6:59 PM ET
    CEO of Morgan Stanley James Gorman speaks on May 6, 2014 in New York.

    The Federal Reserve should have hiked in March and "has kept rates too low too long," Morgan Stanley CEO James Gorman said.

  • SPOKANE, Wash., Oct 8- Over the next six months more U.S. employers will find it harder to hire workers, allowing people with part-time jobs who really want full-time work to be able to get it, a top Federal Reserve official said on Thursday. The comments, from San Francisco Fed President John Williams, underscore his view that the labor market is tightening, and the Fed...

  • NEW YORK, Oct 8- Los Angeles has dropped a lawsuit accusing Citigroup of discriminatory mortgage lending, marking the second time a major bank has escaped claims that it steered the city's minorities into high-cost loans and led to foreclosures and neighborhood blight. The lawsuit said Citi engaged in "red lining," or restricting credit in minority...

  • NEW YORK, Oct 8- The dollar touched its lowest level against the euro in over two weeks but quickly pared its losses after minutes released on Thursday from the Federal Reserve's September meeting reinforced the view that the central bank would not hike U.S. rates until next year. The Fed surprised much of Wall Street by keeping interest rates unchanged at the...

  • NEW YORK, Oct 8- U.S. stocks closed higher on Thursday as investors saw further signs of dovishness in the Federal Reserve September meeting minutes which shed light on its decision to keep interest rates near zero.

  • LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding fire. For both the Fed and the Bank of England,...

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