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  • U.S.-BASED BANKING/FINANCIAL SECTOR FUNDS TAKE IN $978 MLN IN WEEKLY PERIOD; 10 TH STRAIGHT WEEK OF INFLOWS- LIPPER.

  • Dec 8- Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help find potential buyers or partners, the Wall Street Journal reported. The media company rejected a takeover bid from billionaire investor Edgar Bronfman Jr, the New York Post reported last month. Bronfman, former CEO of Warner Music Group,...

  • Republican president-elect Donald Trump embraces his wife Melania during his election night event at the New York Hilton Midtown in the early morning hours of November 9, 2016 in New York City.

    The Trump rally has all the signs of a late-stage bull market run — pent-up enthusiasm bringing the last of the skeptics off the sidelines.

  • NEW YORK, Dec 8- The euro dropped over 1 percent on Thursday after the European Central Bank cut the size of its asset purchase program but extended it longer than many had expected. "They are still going to buy a lot," said Steven Englander, global head of foreign exchange strategy at Citigroup in New York. "It didn't help the euro was at the highs; we had a clearing of euro...

  • SAO PAULO, Dec 8- Sérgio Clemente has left his post as senior vice-president for wholesale banking at Banco Bradesco SA, Brazil's No. 3 listed bank, a spokeswoman said on Thursday. His responsibilities will be taken over by Marcelo Noronha, the bank's vice-president of cards and marketing, the representative added. Marlene Morán also left her position as...

  • Analyst: Banks will continue to outpeform until end of next year

    Jason Goldberg, Barclays banks analyst, shares why he thinks financials are heading higher.

  • *Italy's No.1 bank seen announcing 13 bln euro share sale. MILAN, Dec 8- Italy's largest lender, UniCredit, is set to announce next week the country's biggest bank share issue, worth up to 13 billion euros, in what would be a major test of confidence in Italy's wider banking system, sources said. Chief Executive Jean-Pierre Mustier, drafted in this year to boost capital...

  • The bank, Italy's biggest retail lender, has deep ties in Russia and advised state-owned Rosneft on the sale of the 19.5 percent stake. Wednesday's announcement showed the Kremlin can lure big foreign investors to its oil sector despite political risks associated with Russia, which is locked in a stand-off with the West over conflicts in Ukraine and Syria.

  • DUBAI, Dec 8- Saudi Oger's attempt to restructure around 13 billion riyals in debts have been dealt another blow after a second major creditor obtained a court order demanding the money it is owed by the construction group, sources said. Saudi Oger, owned by the family of Lebanese Prime Minister-designate Saad al-Hariri, has for years played a central role in...

  • LONDON, Dec 8- Central banks investigating whether computer programs or an individual triggered October's sterling "flash crash," the latest to hit a major financial market, may consider computerized stabilization programs as a possible response. The Financial Times reported on Wednesday that officials were looking at flows through a Tokyo- based trader at...

  • Donald Trump

    Stocks had a surprisingly strong month in November, but for hedge funds it was more of the same.

  • *Stock markets climb for fourth day, Wall Street at record. *China trade beats forecasts, commodity imports jump. LONDON, Dec 8- The euro dived following a brief surge and bond markets were left dazed on Thursday, after the European Central Bank said it would slow its stimulus program from April but also extend it until at least the end of next year.

  • NEW YORK, Dec 8- The euro dropped over 1 percent on Thursday after the European Central Bank extended asset purchases until the end of next year and President Mario Draghi said cuts to the size of the program should not be viewed as tapering. The ECB said it will reduce its asset buys to 60 billion euros from next April from the current 80 billion euros, and extend...

  • SAO PAULO, Dec 8- Brazilian antitrust watchdog Cade said it has fined five international banks a combined 183.5 million reais as part of a settlement of charges they rigged the country's currency market. In July 2015, Cade accused a total of 15 banks of colluding to influence benchmark currency rates in Brazil by aligning positions and pushing transactions in a...

  • ECB President Mario Draghi said he is "confident" that the Italian government knows what to do to address the country's banking sector.

  • DHAKA, Dec 8- A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday. Bangladesh has so far refused to make the inquiry report public saying it wanted to deny perpetrators...

  • QE decision remains flexible: Draghi

    ECB President Mario Draghi discusses the decision to reduce bond-buying program in April 2017, adding that "the program remains flexible."

  • Fiscal policy should anchor stability in the euro area: Draghi

    ECB President Mario Draghi weighs in on the relationship between fiscal and monetary policy.

  • FRANKFURT, Dec 8- The European Central Bank caught financial markets off-guard on Thursday by announcing it would trim asset buys from April next year, even as it reserved the right to increase purchases again if the euro zone's recovery faltered. The ECB said it would cut monthly purchases to 60 billion euros from the current 80 billion euros but extend the buys...

  • LONDON, Dec 8- The euro fell more than 1 percent on Thursday after hitting its highest in a month, as the European Central Bank announced an extension of its quantitative easing program till the end of 2017 but also signaled it would trim monthly bond purchases. As ECB president Mario Draghi held a news conference to explain the decision, the euro fell 1.1 percent on...

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