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  • Donald Trump

    The national debt would surge under a Donald Trump presidency, though not as much as originally thought, according to a new analysis.

  • John Stumpf, chairman and CEO of the Wells Fargo & Company, testifies before the Senate Banking, Housing and Urban Affairs Committee September 20, 2016 in Washington.

    The Wells Fargo scandal is certainly not the most egregious example of corporate misconduct we have seen in recent years, says Prof. Priyank Gandhi

  • Mario Draghi, president of the European Central Bank

    President of the European Central Bank sees overcrowded banking industries in Europe as one reason for the sector's low profitability.

  • *Dollar falls broadly after Fed cuts 2017, 2018 rate view. NEW YORK, Sept 22- The dollar fell to its lowest in a week against a basket of major currencies on Thursday as investors sold the greenback following a writedown of longer-term interest rate expectations from the Federal Reserve. "On one hand the Fed looks like it will raise rates in December... and on the...

  • Sept 22- The Nasdaq hit a record intraday high on Thursday amid broad gains in U.S. stocks, a day after the Federal Reserve stood pat on interest rates. "The Fed probably appeared less hawkish than what the markets had expected," said Ryan Larson, head of equity trading at RBC Global Asset Management in Chicago. The probability of a November hike stands at a modest 12.4...

  • Sept 22- U.S. stocks looked set to rise at the open on Thursday, with the Nasdaq aiming at a record intraday high, a day after the Federal Reserve stood pat on interest rates. "The Fed probably appeared less hawkish than what the markets had expected," said Ryan Larson, head of equity trading at RBC Global Asset Management in Chicago. Wall Street rose on Wednesday, with the...

  • *Turkey, Indonesia cut rates, world total since 2015 almost 200. LONDON, Sept 22- Wall Street had record highs back in its sights on Thursday as world shares and bonds rallied after the Federal Reserve signalled an increasingly cautious approach to future U.S. rate increases. European markets followed Asia's lead, with Britain's FTSE 100 climbing 1.3 percent and...

  • John Stumpf, chairman, president and chief executive officer of Wells Fargo & Co.

    CEOs aren't alone bringing home giant paychecks from the nation's big banks.

  • LONDON, Sept 22- A dovish U.S. Federal Reserve message gave emerging markets renewed impetus on Thursday, pushing the benchmark equity index to two-week highs while currencies firmed, led by the South African rand hitting one-month highs. "Our view has been that both the BOJ and the Fed would be non-events and people would come back to buy," said David Hauner head of...

  • *European, Asian shares jump after Wall St gains 1 pct. LONDON, Sept 22- World shares and bonds rallied on Thursday, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, weakening the dollar and lifting commodity prices. European markets followed Wall Street and Asia's lead with Britain's FTSE 100 climbing 0.6 percent...

  • *Australia, New Zealand say could cut later. Federal Reserve made it easier this week for central banks in the Asia Pacific to stay dovish, with Indonesia lowering rates on Thursday and Australia and New Zealand saying they could cut later. Bank Indonesia made its fifth rate cut this year, trimming its policy rate by 25 basis points to 5.00 percent to nudge economic...

  • SINGAPORE/ SYDNEY, Sept 22- Asian shares rallied on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, knocking the dollar and lifting commodity prices. European markets are likely to follow suit, with financial spreadbetters predicting Britain's FTSE 100 will open up as...

  • Low and negative interest rates are harmful to banks: Expert

    James Longsdon, co-head EMEA banks at Fitch Ratings, talks about the importance of central bank policy to the health of banks.

  • *Asian shares jump after Wall St gains 1 pct. SINGAPORE/ SYDNEY, Sept 22- Asian shares rallied on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, knocking the dollar and lifting commodity prices. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains to...

  • SINGAPORE/ SYDNEY, Sept 22- Asian shares surged on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, slugging the dollar and lifting commodity prices. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.9 percent in its sixth straight session of gains,...

  • *Spot gold was down 0.2 percent at $1,333.86 an ounce by 0053 GMT. *U.S. gold futures rose 0.5 percent to $1,338.40 an ounce. *Employment in the euro zone is rising faster than expected and this may continue, but at a cost to productivity and potentially to long-term economic growth, European Central Bank research showed on Wednesday.

  • *New Zealand dollar weakens after RBNZ jawboning. WELLINGTON, Sept 22- New Zealand's central bank kept its benchmark interest rate at a generous 2.0 percent on Thursday, remaining an outlier in a world of ultra-low or negative interest rates, but the high New Zealand dollar and tepid inflation may soon spur it to cut. The RBNZ left the door wide open for a cut later...

  • *India looking to source more energy from nuclear sector. NEW DELHI, Sept 22- India is negotiating with U.S. Export-Import Bank for an $8- 9 billion loan to finance six Westinghouse Electric nuclear reactors, two sources familiar with the talks said, although a lending freeze at the trade agency threatens progress. The mega-project, the result of warming U.S.-...

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