Shanxi has moved to ease rising pressure on its largest coal miners by extending the maturity on up to $60 billion in loans, the FT reports.
TUESDAY, AUGUST 9 MUMBAI, India- Reserve Bank of India holds its monetary policy committee meeting. LIMA- Central bank of Peru interest rate decision- 2300 GMT. SEOUL- Bank of Korea holds its monetary policy meeting and will give its decision on interest rates- 0100 GMT.
TUESDAY, AUGUST 16 KNOXVILLE- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Rotary Club of Knoxville- 1630 GMT. ST. LOUIS- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Wealth and Asset Management Research Conference hosted by the WFA Center for Finance and...
ANZ's Q3 results showed that revenue growth outpaced the rise in costs which the market should react well to, reckons Morningstar Australasia's David Ellis.
The latest wrinkle cuts to the heart of a Wall Street crowd that has been one of the favorite demons of this presidential campaign.
MILAN, Aug 8- Atlante, the fund set up to rescue Italian banks, has already raised more than the 1.6 billion euros it has pledged to buy part of the bad loan portfolio of troubled lender Banca Monte dei Paschi di Siena. Monte dei Paschi poses a threat to the wider Italian banking system and the hope is a solution to its problems could mark a turning point in the euro...
*New Zealand central bank expected to ease on Thursday. NEW YORK, Aug 8- The U.S. dollar gained against a basket of currencies on Monday after a stronger-than-anticipated jobs report for July on Friday raised expectations that the Federal Reserve is closer to raising interest rates. "Friday's employment report was extremely strong and I think that's hardened...
*Bank says Asia Pacific remains important part of business. TAIPEI/ TORONTO, Aug 8- Bank of Nova Scotia, Canada's third-largest bank, has applied to Taiwan's financial regulator to exit the local market, the regulator and bank said on Monday, part of a revamp of its Asia strategy. Scotiabank said its Taiwan office is being closed as part of a recent review of its...
It's getting tougher to be a CEO — if you don't work for one of the giant banks.
American Express shares will finally rebound after its 2015 breakup with Costco due to small-business friendly initiatives, says Citi Research.
*Move part of broader review of Asia strategy. TAIPEI/ TORONTO, Aug 8- Bank of Nova Scotia, Canada's third-largest bank, has applied to Taiwan's financial regulator to exit the local market, the regulator said on Monday, part of a revamp of its Asia strategy. Analysts have said Central and South America may become Scotiabank's main focus outside Canada.
Despite a decidedly mild downturn from late July to early August, the stock market has met all the pessimism with a convincing upturn.
Allen & Co. represents Wal-Mart in the latest sign that smaller upstarts are challenging the big banks on merger deals.
*New Zealand central bank expected to ease on Thursday. NEW YORK, Aug 8- The U.S. dollar extended gains against a basket of currencies on Monday after a stronger-than-anticipated jobs report for July on Friday raised expectations that the Federal Reserve is closer to raising interest rates. "We're seeing the aftermath of the last week," said Mark McCormick, North...
CNBC’s Julia Chatterley sat down with Italian prime minister Matteo Renzi to discuss the banking sector and the upcoming referendum.
Matteo Renzi, Italy's prime minister, explains why he disagrees with Brussels over laws that would require bond investors to bail-in failing banks.
Citi just downgraded its rating for JPMorgan Chase to neutral from buy.
Italian prime minister Matteo Renzi discusses the problem of non-performing loans in Italy's banks and the importance of economic growth.
KAMPALA, Aug 8- Uganda's central bank cut its key lending rate by another 100 basis points on Monday to shore up the economy as its governor said foreign exchange stability had dampened inflationary pressures. The Bank of Uganda lowered its main lending rate to 14 percent, its third rate cut since April, and after the Ugandan economy shrunk in January to March,...
The economy is at risk of becoming trapped in a phase of slow growth that points to the need for lower interest rates than expected, Powell says.
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