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  • LONDON, Aug 22- World stocks edged lower and the dollar strengthened on Monday on expectations the Federal Reserve will give a signal this week that it is gearing up to raise U.S. interest rates. An upbeat assessment of the U.S. economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was seen raising the prospect of Fed chair Janet Yellen flagging up a...

  • *World Bank set to issue $700 mln in IMF SDR bonds in China. BEIJING/ SHANGHAI, Aug 22- Plans by the World Bank to sell special drawing right bonds in China are facing market headwinds thanks to expectations of low yields, investors said, although state-owned banks will likely take up any slack in demand. China's central bank said earlier in August that the World Bank...

  • *China banks start reporting H1 earnings this week. HONG KONG, Aug 22- Hit by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that government might have to inject more than $100 billion to shore them up, according to some analysts. There are early signs that government is already taking...

  • LONDON, Aug 22- Emerging stocks slipped half a percent on Monday after the U.S. Markets overall are jittery about this week's gathering of central bankers in Jackson Hole, Wyoming. A speech there on Friday by Federal Reserve Chair Janet Yellen could yield signals about U.S. rate hike timings.

  • An upbeat assessment of the U.S. economy's strength from Fed Vice Chairman Stanley Fischer on Sunday was seen raising the prospect of Fed chair Janet Yellen flagging up a rate rise at a meeting with the world's central bankers on Friday. U.S. 10- year Treasury yields touched a two-week high of 1.60 percent on Monday while shorter-dated yields touched levels not...

  • Underlying UK dividends fall 3.3% in Q2

    Ben Lofthouse, co-manager of global equity income fund at Henderson Global Investors, discusses dividend payments around the world.

  • India Markets

    OCBC Bank's Vasu Menon says the appointment of Urjit Patel as Reserve Bank of India governor isn't a reason to buy into India's markets.

  • One of the U.K.’s best-known fund managers has scrapped bonuses at his investment management firm, saying there is little correlation between bonuses and performance.

  • *Japan's Nikkei rises, with tailwind from weaker yen. TOKYO/ SINGAPORE, Aug 22- Asian shares slipped on Monday, while the dollar lifted off last week's lows on expectations a signal might emerge from a Federal Reserve gathering this week in Jackson Hole, Wyoming, that the U.S. central bank is gearing up to hike interest rates. European markets also looked set for a...

  • LONDON, Aug 22- Graham had been trying to grab some sleep at home before a busy night's work when his phone started buzzing with text messages. It was 10 p.m. on June 23, and voting had just ended in Britain's referendum on its future in the European Union. The text messages were from sales staff at the international bank where London- based Graham works as a proprietary...

  • NEW YORK, Aug 22- Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down. U.S. banks have trimmed the number of branches by 6 percent since it peaked in 2009, according to Federal Deposit Insurance Corp data. The number of FDIC- insured banks has...

  • ANT vs Banks PKG

    Ant Financial Services Group's Chen Long says the traditional and digital financial sectors have different strengths and serve different financing needs.

  • SHANGHAI, Aug 22- China's yuan weakened on Monday as the dollar strengthened globally, while an official index showed that it hit a record low against a basket of trade-weighted currencies last week. "The yuan weakened inverse to the dollar's global performance, while the central bank stayed on the sidelines," said a trader at a European bank in Shanghai.

  • Australia Banks

    Moody's Vice President Frank Mirenzi explains that the downgraded outlook reflects deteriorating conditions seen for Australia's largest banks.

  • *Investors await this week's Jackson Hole central bankers meeting. TOKYO, Aug 22- Asian shares slipped on Monday and the dollar pulled away from last week's lows on expectations that a signal might emerge from a Federal Reserve gathering this week in Jackson Hole, Wyoming that the U.S. central bank is gearing up to hike interest rates. The Jackson Hole meeting "...

  • An advertisement for the ride-hailing application Grab displayed at a taxi stand in Singapore

    Citigroup is aiming to tie-up with Singapore ride-hailing app Grab to let its credit-card customers use points for rides, the FT reported.

  • MUMBAI, Aug 21- One of the biggest challenges for India's incoming central bank chief is a problem he and his predecessor have long grappled with- how to spur stubborn state banks to cut borrowing costs more aggressively to boost the economy. Under Raghuram Rajan, the Reserve Bank of India has cut lending rates by 150 basis points since early last year, but banks...

  • Haruhiko Kuroda, governor of the Bank of Japan (BOJ), listens during a news conference following the Group of Seven (G-7) finance ministers and central bank governors meeting in Sendai, Japan, on Saturday, May 21, 2016.

    The BOJ won't rule out cutting rates further into negative territory, the Sankei newspaper quoted Governor Kuroda as saying.

  • MUMBAI, Aug 20- India's incoming central bank governor, Urjit Patel, is widely regarded as having the professional and academic credentials he needs to make a success of his new job. Patel, deputy governor of the Reserve Bank of India since 2013, demonstrated intellectual heft in overseeing landmark changes to the 81- year old institution, including switching...

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