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  • SHANGHAI, July 5- The yuan extended losses for a fourth session against the dollar on Tuesday, touching a fresh 5-1/ 2- year low and raising concerns the central bank is letting the Chinese currency slide further. "Our clients are getting edgy given the yuan has hit multi-year lows repeatedly," said a trader at a European bank in Shanghai. "The People's Bank of China set...

  • BFA Brexit Impact

    CBRC's Andrew Sheng says he is confident that global markets will be able to withstand any potential Brexit-related liquidity shocks.

  • BFA Chinese Economy

    China Banking Regulatory Commission's Andrew Sheng says the liquidity provided is to ensure China's unprecedented transition is a smooth process.

  • *Japan Display soars after Singapore fund buys stake. TOKYO, July 5- Japan's Nikkei share average dropped on Tuesday morning, snapping a six-day winning streak after a stronger yen triggered profit taking, while banking stocks underperformed on fears of counterparty risks following a drop in European banks. "Although fears about the dollar going below 100 yen...

  • FRANKFURT- European Central Bank board member Sabine Lautenschlaeger speaks at the Eighth ECB Statistics Conference- "Central Bank Statistics: moving beyond the aggregates"- 1700 GMT. FRANKFURT- European Central Bank board member Yves Mersch speaks on the occasion of the unveiling of the new 50- euro banknote at the European Central Bank- 1205 GMT.

  • Greece imposed capital controls a year ago to stem a flight of deposits from Greeks spooked at the ramifications of a financial crisis that almost cost the country its position in the euro zone. Greece held out negotiating its third international bailout in a tense standoff with creditors last year, which included Athens calling a referendum on further...

  • LONDON, July 4- Central banks raised oversight of currency markets to an unprecedented degree around Britain's shock vote to leave the European Union, demanding detailed updates from major trading desks every six hours throughout last week, industry sources said on Monday. Federal Reserve, the Bank of England and the European Central Bank all declined to...

  • MOSCOW, July 4- Russia's central bank started buying Chinese yuan-denominated assets in the fourth quarter of last year as part of its drive to diversify its foreign-currency reserves and make it less vulnerable to Western sanctions. Russia now joins a small group of countries, most of them in Asia, whose central banks have purchased the Chinese currency for...

  • Italy's banking sector is saddled with 360 billion euros of bad loans, a third of the euro zone total, and recent market turmoil has raised concern it might be hard for Italian lenders to raise capital in the market without triggering rules that could force losses on bond- and shareholders. The Italian banking index fell nearly 4 percent on Monday, while the...

  • *Rome seeks EU green light for state assistance to banks. MILAN, July 4- The European Central Bank has asked Italy's third-largest lender, Banca Monte dei Paschi di Siena, to slash its bad debts by 40 percent over three years, heaping more pressure on Rome and Brussels to stabilise the Italian banking system. "The government will probably need to chip in, and this seems...

  • MOSCOW, July 4- Russia's central bank started buying Chinese yuan-denominated assets in the fourth quarter of last year as part of its drive to diversify its foreign-currency reserves. A central bank spokeswoman said yuan assets did not yet count as part of Russia's official gold and forex reserves, since the International Monetary Fund has not yet given the...

  • Pedestrians pass 30 South Colonnade, centre, where the London interbank offered rate, or Libor, was set daily.

    Three former Barclays traders have been found guilty of conspiring to fraudulently manipulate global benchmark interest rates.

  • LONDON, July 4- Italy led euro zone bond yields higher on Monday as worries about the health of Italian banks and some 20 billion euros of issuance in the region this week combined to halt a post-Brexit tumble in regional borrowing costs. The Italian banking index fell more than 3 percent on Monday, while the European Central Bank asked Banca Monte dei Paschi di...

  • BEIJING, July 4- China's central bank said on Monday that it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. The People's Bank of China said it would continue to implement a prudent monetary policy and keep its stance neither too loose nor too tight. The central bank said this in a statement...

  • *Rome seeks EU green light for state assistance to banks. ROME/ MILAN, July 4- The European Central Bank has asked Italy's Banca Monte dei Paschi di Siena to slash its bad debts by 40 percent over three years, heaping more pressure on Rome and Brussels to stabilise the Italian banking system. The Italian government, mindful that the country's banks rely heavily on...

  • Mistake to consider things in Europe unchangeable: Fmr Italy PM

    Former Italian prime minister, Mario Monti, talks about the battle between the EU and Italy, when it comes to the efforts to save the country's banking sector.

  • Need to be cautious on banks: Man GLG’s Dixon

    Man GLG Portfolio Manager, Henry Dixon, explains why “sitting tight and waiting” is not an option when it comes to managing a portfolio following Brexit.

  • MILAN, July 4- Ailing Italian bank Monte dei Paschi di Siena, the country's third-biggest lender, said on Monday the European Central Bank had told it to cut non-performing loans by 30 percent in the next three years. The bank said the ECB had told the bank to reduce its gross NPLs to 32.6 billion euros in 2018 from 46.9 billion euros in 2015. The targets for 2016 and...

  • HSBC has had good loan experiences in Hong Kong: Deputy CIO

    Richard Champion, deputy CIO at Canaccord Genuity Wealth Management, discusses HSBC's business in Asia.

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