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  • *Cbank looks to get money more quickly to weakest sectors. BEIJING, Feb 21- China's central bank said on Tuesday that it will extend a preferential scheme for some banks that will free up additional funds for lending, as long as they channel money to weaker, cash-starved sectors of the economy. The People's Bank of China launched a program in 2014 that allows banks to...

  • Skyline of London

    HSBC Holdings' 2016 pre-tax profit fell 62 percent, below analysts' estimates, as it grappled with slowing economic growth in its core markets.

  • BEIJING, Feb 21- China's central bank said on Tuesday that it will make dynamic changes to banks' targeted reserve requirement ratio rates, effective from Feb. 27. The People's Bank of China recently completed an assessment of banks' adherence to RRR regulations based on lending to rural sector and small firms in 2016, and said most banks meet their targeted RRR...

  • Goldman Sachs goes to court in Indonesia

    Bill Sullivan of Christian Teo & Partners weighs in on the billion-dollar lawsuit involving Goldman Sachs and a tycoon in Indonesia.

  • Outlook for HSBC could be cloudy: Expert

    Alex Wong of Ample Capital says HSBC results are likely to be better than a year ago but he's less certain about the bank's future.

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • LISBON, Feb 20- The Bank of Portugal will hold a final round of exclusive negotiations with U.S. private equity firm Lone Star as it seeks to flesh out the terms of the potential sale of state-rescued lender Novo Banco, the central bank said on Monday. Olivier Brahin, president of Lone Star for Europe, said in a separate statement his firm was "committed to confirming a...

  • LONDON, Feb 20- Gold held steady on Monday as traders awaited further clues on the pace of U.S. interest rate rises from a group of Federal Reserve officials due to speak this week. Spot gold was at $1,236.01 an ounce at 1230 GMT,. little changed from $1,235.22 on Friday, while U.S. gold futures for April delivery were down 0.2 percent at $1,237.10.

  • LONDON, Feb 20- Gold held steady on Monday after ending the previous week little changed, as traders awaited further clues on the pace of U.S. interest rate rises from a raft of Federal Reserve officials due to speak this week. Spot gold was at $1,235.21 an ounce at 1030 GMT,. "It's still wait and see for the gold market right now," UBS analyst Joni Teves said.

  • DUBAI, Feb 20- Rania Nashar was named chief executive of Samba Financial Group on Monday, becoming the first female CEO of a listed Saudi commercial bank in line with the government's economic and social reforms. Women, banned from driving in Saudi Arabia and subject to a system of male guardianship, hold few top posts in the financial sector.

  • SINGAPORE, Feb 20- Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy maintained its current pace of performance. In a speech in Singapore, Mester, seen as one of the more hawkish Fed officials, said the economy was on a "sound footing". Those have passed through and the trend...

  • 'Happy days' for China markets: Expert

    Francis Lun, CEO of GEO Securities, says financials have been underpinning the markets in Hong Kong.

  • SINGAPORE, Feb 20- Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy kept performing the way it did. Those have passed through and the trend in inflation is, it's moving up, "Mester said at a central banking seminar in Singapore. Fed Chair Janet Yellen said last week that...

  • SINGAPORE, Feb 20- The U.S. economy is on "sound footing," a hawkish Federal Reserve official said on Monday in a speech that cautioned against asking the central bank to solve problems beyond its control such as low productivity growth. Cleveland Fed President Loretta Mester, at a forum in Singapore, did not comment specifically on interest rates.

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • Exit mass exit

    The trickle toward indexes has turned into a flood, with more than half a trillion dollars heading into passive funds over the past year.

  • Feb 17- Citigroup Inc's board of directors cut Chief Executive Officer Michael Corbat's compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package. Corbat received $15.5 million in total compensation, including a base salary of $1.5 million, a $4.2 million cash...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

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