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  • Are the markets ready for a rate hike?

    The “Fast Money Halftime Report” traders, Sarat Sethi, Douglas C. Lane & Associates, and CNBC’s Jim Cramer share their take on the markets, and what they are keeping their eyes on in terms of a possible rate hike.

  • Former U.S. Representative Anthony Weiner and wife Huma Abedin.

    Huma Abedin, a top aide to Hillary Clinton, is separating from husband Anthony Weiner amid a new alleged sexting scandal.

  • WASHINGTON, Aug 29- U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year. Monday's report from the Commerce Department came several days after Fed Chair Janet Yellen said the case for...

  • NEW YORK, Aug 29- U.S. stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the U.S. central bank this year, while European shares dipped and the dollar rose. Fed Chair Janet Yellen said the case for a rate increase was strengthening, but provided...

  • NEW YORK, Aug 29- The U.S. dollar broadly extended gains on Monday and reached a three-week high against the yen after Federal Reserve officials' hawkish comments on Friday raised expectations that an interest rate hike is more likely in the coming months. At an annual gathering for global central bankers in Jackson Hole, Wyoming, Fed Chair Janet Yellen said the...

  • Aug 29- Wall Street was set to open flat on Monday as investors pondered the timing of the next interest rate hike following comments from top Federal Reserve officials. "It's a delicate yet deliberate delivery of reality," said Andre Bakhos, managing director at Janlyn Capital. A report from the U.S. Commerce Department showed consumer spending, which accounts...

  • *European shares in the red, Wall Street seen unchanged. LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards soon. But on Friday, at an annual gathering of global central...

  • Banks get ready for 'economic nuclear winter'

    Financial firms prepare for a rough second half of 2016 after dealing with uncertainties in the market.

  • *Fed Chair Janet Yellen said on Friday the case for a rate increase was getting stronger, but provided little detail on when the central bank would next move. *The chances of a rate hike in September jumped to 33 percent from 21 percent, while the measure rose modestly to 44.4 percent from 41.4 percent for December, according to CME Group's FedWatch tool.

  • LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday after senior Federal Reserve officials bolstered expectations that U.S. interest rates would rise soon. Treasury yields rose to their highest since June and rate futures indicated the market priced in more than a 30 percent chance of a hike in September, up from 18 percent before Fed...

  • MOSCOW, Aug 29- The higher mandatory reserve requirements introduced for banks over the course of this year will make the switch to a liquidity surplus in the banking sector more smooth, the Russian central bank said on Monday. The bank has raised reserve requirements for banks several times in 2016 and forecasts that the Russian banking sector could move from a...

  • *China learning from experience of Japan, EU. BEIJING, Aug 29- On the face of it, China's central bank has room to cut interest rates to try to lift the economy, but sources say evidence companies and banks are hoarding cash has reinforced policymakers' view there is no major benefit in easing policy further. So unless China's economic growth is at serious risk of...

  • HONG KONG, Aug 29- China's banking system faces a systemic risk from a significantly increased reliance by small and mid-tier lenders on interbank funding, top credit rating agency Moody's Investors Service warned on Monday. "With an increasingly larger number of banks now more actively engaged in the interbank financial product business, the banks are...

  • Must Read: 'He'll be a new Reagan' -Farage on Trump

    The "Worldwide Exchange" crew discuss the morning's top attention-grabbing headlines, including the U.K.'s Nigel Farage writing about his appearance at a rally for Republican presidential candidate Donald Trump.

  • Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed chair Janet Yellen said on Friday that an improvement in the economy and the labor market in recent months had boosted the case for hiking rates. The CME Group's FedWatch tool showed the market pricing in more than a 30 percent chance of a hike in September, up from 18 percent before...

  • MILAN, Aug 29 (Reuters)- European shares fell on Monday as top Federal Reserve officials bolstered expectations for a U.S. rate hike this year, while Alstom bucked the weaker trend after a contract win. The pan-European STOXX 600 index fell 0.3 percent, giving back gains seen in the previous session, while a holiday closure of UK markets was expected to keep activity...

  • *European shares in the red, Germany's DAX down 1 percent. LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term. But on Friday, at the Fed's annual gathering for...

  • *China learning from experience of Japan, EU. BEIJING, Aug 29- On the face of it, China's central bank has room to cut interest rates to try to lift the economy, but sources say evidence companies and banks are hoarding cash has reinforced policymakers' view there is no major benefit in easing policy further. So unless China's economic growth is at serious risk of...

  • LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday after senior Federal Reserve officials bolstered expectations that U.S. interest rates will rise soon. Treasury yields rose to their highest since June and rate futures indicated the market priced in more than a 30 percent chance of a hike in September, up from 18 percent before Fed...

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