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  • *The comments by Fed officials come one week after Fed Chair Janet Yellen adopted a cautious tone on raising rates and said the central bank remains data dependant and wary of weak global financial and economic conditions. *St Louis Fed President James Bullard is slated to speak on the U.S. economy and monetary policy. *Wall Street closed lower on Wednesday as a...

  • *Banks outline deal to create Italy's third-biggest lender. MILAN, March 24- Banco Popolare and Banca Popolare di Milano outlined on Thursday their merger plan, which creates Italy's third biggest bank with a stronghold in the country's wealthiest northern regions. The European Central Bank demanded the move to approve the tie-up.

  • TOKYO, March 24- Some Japanese firms, facing the possibility of negative interest rates on their deposits, would consider stuffing their cash in a safe rather than pay to keep it in the bank, a Reuters poll found, in what would be an unintended and unwelcome side-effect to the country's new monetary policy. While the bulk of companies in the Reuters Corporate Survey...

  • TOKYO, March 24- Some Japanese firms, facing the possibility of negative interest rates on their deposits, would consider stuffing their cash in a safe rather than pay to keep it in the bank, a Reuters poll found, in what would be an unintended and unwelcome side-effect to the country's new monetary policy. While the bulk of companies in the Reuters Corporate Survey...

  • Banco Popolare and Banca Popolare di Milano (BPM) agreed to merge in a much-anticipated deal to create Italy's third-biggest bank.

  • SHANGHAI, March 24- China's yuan eased against the dollar on Thursday after the central bank fixed a much weaker midpoint in response to the greenback's rebound this week. As such, the People's Bank of China set the midpoint rate at 6.5150 per dollar prior to the market open, easing 0.33 percent from the previous fix of 6.4936. "The surprising weakening of the...

  • SYDNEY, March 24- The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year. Sterling also slid to $1.4096 on concerns the attacks in Brussels would aid the campaign to leave the European Union in...

  • *Blasts in Belgium, Brexit woes weigh on euro, pound. TOKYO, March 24- The dollar stood near a one-week high against a basket of currencies on Thursday, awaiting data due later in the session that could back some Federal Reserve officials' relatively optimistic views on the U.S. economy. Louis Fed President James Bullard added his support to the possibility of more...

  • SYDNEY, March 24- The dollar rose for a fifth straight session on Thursday, pressuring commodities and Asian share markets after yet another Federal Reserve official talked up the chances of more than one increase in U.S interest rates this year. Sterling also slid to $1.4109 on concerns the attacks in Brussels would aid the campaign to leave the European Union...

  • MELBOURNE, March 24- Spot gold steadied on Thursday but was still facing its biggest weekly loss since early November after slipping around 2 percent in the previous session as hawkish comments by Federal Reserve officials fed a dollar recovery. *Spot gold edged up by 0.2 percent to $1,222.56 an ounce by 2342 GMT. *Philadelphia Fed President Patrick Harker said...

  • LONDON- UK parliament Treasury Committee questions Finance Minister George Osborne on economic costs of EU membership- 1100 GMT. NEW YORK- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the New York Association for Business Economics- 1215 GMT. TUESDAY, MARCH 29 NEW YORK- Federal Reserve Bank of New...

  • *Banks reach deal to create Italy's No.3 lender. MILAN, March 23- Banco Popolare and Banca Popolare di Milano agreed to merge on Wednesday in a much-anticipated deal to create Italy's third-biggest bank. The deal creates a banking heavyweight in northern Italy, with synergies from the tie-up estimated at 365 million euros a year from 2018..

  • March 23- The former chief executive of TierOne Bank, a publicly traded Nebraska lender that failed in June 2010, was sentenced on Wednesday to 11 years in prison for fraudulently concealing loan and real estate losses during and after the financial crisis. District Judge John Gerrard in Lincoln, Nebraska to pay a $1.2 million fine, the U.S. Department of Justice...

  • NEW YORK, March 23- Global equity markets fell and the dollar advanced on Wednesday as hawkish comments by Federal Reserve officials put investors on guard for the possibility of more U.S. interest rate hikes this year than currently anticipated. Fed Chair Janet Yellen later told reporters "caution is appropriate" when it comes to raising rates.

  • *Dollar at highest level since March 16. NEW YORK, March 23- The dollar rose to a one-week high against a basket of currencies on Wednesday as Federal Reserve officials talked up the likelihood of more interest rates later this year, perhaps as early as April. "The broad dollar move is really driven by the overall positive tone of the speakers that we've heard over the...

  • NEW YORK, March 23- Global equity markets fell and the dollar advanced on Wednesday as hawkish comments by Federal Reserve officials raised the possibility of more U.S. interest rates hikes this year than investors are anticipating. Fed Chair Janet Yellen later told reporters that "caution is appropriate" when it comes to raising rates. They seem to be...

  • TORONTO, March 23- Bank of Montreal, Canada's fourth largest lender, said on Wednesday that it had launched the first biometric corporate card program in Canada and the United States in partnership with Mastercard. The program will begin with the issue of corporate cards incorporating the technology to BMO employees in Canada and the United States.

  • Computer chips on newly-issued credit cards

    Bank of Montreal will roll out what it claims is the first credit card program that will allow users to complete payments with a "selfie".

  • *Banks in talks to create Italy's No.3 lender. By Paola Arosio and Luca Trogni. MILAN, March 23- Banco Popolare and Banca Popolare di Milano are set to announce a preliminary agreement to merge on Wednesday, a source with the direct knowledge of the matter said, in a deal to create Italy's third-biggest bank.

  • NEW YORK, March 23- The dollar rose to a one-week high against a basket of major currencies on Wednesday, boosted by hawkish comments from U.S. The dollar index, which tracks the U.S. currency against six major rivals, rose about 0.5 percent to 96.090, the highest since March 16. It was last up 0.3 percent at 112.69 yen.

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