Finance Banks

  • NEW YORK, June 7- World stocks advanced on Tuesday while the U.S. dollar was near a four-week low against a basket of currencies, a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the U.S. economy but offered no fresh hints on the timing of the next interest rate hike. The dollar ticked up slightly after U.S. Labor Department said...

  • SANTIAGO, June 7- Chile's unemployment rate could rise about 1 percentage point to over 7 percent later this year, the head of its central bank said on Tuesday. "In our base case scenario we assume that there is a certain additional fragility in the labor market, that the unemployment rate keeps rising," Central Bank of Chile President Rodrigo Vergara told reporters.

  • SAO PAULO, June 7- Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval& Partners SA, as the Chinese conglomerate aims to expand beyond commodities in Latin America's largest economy, three sources with direct knowledge of the matter said. Pengxin's search for financial, logistics and commodities firms in Brazil is...

  • June rate hike off the table

    CNBC’s Steve Liesman weighs in on Federal Reserve Chair Janet Yellen warning that Fed watchers shouldn’t overreact to last week’s disappointing jobs report and there is likely only one rate hike coming this year, not two.

  • NEW YORK, June 7- U.S. Treasuries were steady on Tuesday as investors evaluated when the Federal Reserve is likely to next raise interest rates, a day after Fed Chair Janet Yellen was viewed as taking a less hawkish view on rate hikes. "The probabilities for hikes are basically back to where they were before the Fed started talking," said Aaron Kohli, an interest rate...

  • Goldman Sachs under investigation over 1MDB transaction

    The probe revolves around the $3-billion raised by Goldman through a bond issue for the state investment fund.

  • BEIJING, June 7- China is to allow foreign payment card companies to operate in the country, potentially giving groups like Visa Inc and MasterCard access to its 55- trillion-yuan card payment market. Rules issued on Tuesday by China's central bank and the China Banking Regulatory Commission include a requirement that applicants hold 1 billion yuan in...

  • Representative Jeb Hensarling, a Republican from Texas and chairman of the House Financial Services Committee

    Jeb Hensarling outlines a plan to undo Dodd-Frank and overhaul and rename the Consumer Financial Protection Bureau.

  • June 7- U.S. stock index futures were higher on Tuesday, a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, but was less hawkish on raising interest rates in the near-term. *Traders are pricing in a 3.8 percent chance of a rate hike when the Fed meets next week, a 38 percent chance of a July hike and a 40 percent chance of a...

  • Scrapping and fixing Dodd-Frank: Rep Hensarling

    House Financial Services Chairman Jeb Hensarling talks about new plans to revamp major banking regulations.

  • BEIJING, June 7- China will "fully open up" its 55- trillion-yuan card payment market to spur competition, the People's Bank of China said late on Tuesday. Qualified foreign companies can apply to set up bank card clearing institutions in China and must meet the same standards and processes as domestic companies, the central bank said in an online statement.

  • BEIJING, June 7- China will "fully open up" its 55- trillion-yuan card payment market to spur competition, the People's Bank of China said late on Tuesday. Qualified foreign companies can apply to set up bank card clearing institutions in China and must meet the same standards and processes as domestic companies, the central bank said in an online statement.

  • BEIJING, June 7- China's central bank said it injected 208 billion yuan into 14 financial institutions via its medium-term lending facility on Tuesday.

  • TOKYO, June 7- Japan's ministry of finance is gauging the appetite of the country's major banks to lend to the government at negative interest rates, people with direct knowledge of the matter said. The Financial Law Board, an independent panel of financial law experts in Japan, has said lenders bear no obligation to pay interest to borrowers unless specified in...

  • June 7- Hong Kong shares rose over 1 percent on Tuesday after U.S. Federal Reserve Chair Janet Yellen gave a largely upbeat assessment on the U.S. economic outlook, but gave few hints on when it will increase interest rates. Hong Kong- listed shares of HSBC rose 1.7 percent on news that the bank will restructure its global banking division to cut costs and make the...

  • *Strong yen hurts Japan exports, inflation outlook. TOKYO, June 7- Dashed expectations of a U.S. interest rate rise next week could force the Bank of Japan to use its dwindling policy ammunition sooner than it had wanted, as a resurgent yen further crimps the recovery in the country's exports and consumer prices. The dollar fell below 107 yen on Monday following the...

  • SAO PAULO, June 7- Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval& Partners SA, as the Chinese conglomerate wants to expand beyond commodities in Latin America's largest economy, three sources with direct knowledge of the matter said. Pengxin's search for financial, logistics and commodities firms in Brazil is...

  • WELLINGTON, June 7- New Zealand's central bank is expected to hold rates this week, although economists acknowledge a cut is conceivable given low inflation and the strong New Zealand dollar. Fourteen of 23 economists polled by Reuters expect the Reserve Bank to keep rates on hold at a record low 2.25 percent on Thursday while nine expect a rate cut.

  • TOKYO- IMF Deputy Managing Director Mitsuhiro Furusawa, Japan's vice finance minister for international affairs Masatsugu Asakawa and Asian Development Bank Institute Dean Naoyuki Yoshino will speak at a forum on fiscal policy for long-term growth held in Tokyo- 0100 GMT. BRASILIA- Central Bank of Brazil holds Monetary Policy Committee meeting.

  • FRANKFURT- European Central Bank publishes 2016 convergence report- 0800 GMT. BRATISLAVA- National Bank of Slovakia Governor Jozef Makuch to hold a news conference on update of Slovak quarterly macroeconomic forecast- 1100 GMT. PARIS- European Central Bank policymakers Francois Villeroy de Galhau and Yves Mersch speak at a conference in Paris entitled "...

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