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  • Italy Banks

    Credit Suisse's Bob Parker says Italian banks account for 360 billion to 400 billion euros of the euro zone's 1 trillion euros-worth of non-performing loads.

  • ECB Meeting

    The ECB showed its maintaining a pragmatic approach and could even consider public intervention, says JPMorgan Asset Management's Nicholas Wilcox.

  • ECB Meeting

    Rising nationalism is hindering the European Union's efforts to move forward, says UNSW Business School's Fariborz Moshirian.

  • U.S.-BASED FINANCIAL AND BANKING SECTOR STOCKS TOOK IN $291 MLN OVER WEEKLY PERIOD AS BANKS REPORTED EARNINGS; SECOND STRAIGHT WEEK OF INFLOWS- LIPPER.

  • SAO PAULO, July 21- Shares in Brazil's largest listed banks posted their biggest decline in a month on Thursday on concerns about the financial health of Odebrecht SA, the engineering group that is embroiled in a large corruption scandal, despite a denial by the company that it would seek an accommodation with creditors. In a statement, Odebrecht denied plans to...

  • A customer enters their pin number while making a chip and pin payment using a Visa payment card.

    Paypal and Visa announced a partnership Thursday.

  • SAO PAULO/ LIMA, July 21- Lenders could accelerate the disbursement of a $4.125 billion loan to Peruvian gas pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian engineering group Odebrecht SA fully exits the project overseeing the construction of the pipelines, three people familiar with the matter said on Thursday. Odebrecht, which is ensnared in a...

  • SAO PAULO, July 21- Shares in Brazil's largest listed commercial lenders posted their biggest drop in a month on Thursday on a financial blog report that Odebrecht SA could be considering filing for bankruptcy protection, which the company denied. An index grouping banking and financial shares trading in the São Paulo Stock Exchange dropped as much as 2.1...

  • NEW YORK/ LONDON, July 21- Gold rebounded above a three-week low and rose 1 percent on Thursday, as the dollar fell and the key stock indexes hovered below record highs after the European Central Bank left key interest rates unchanged. "September's meeting has become even more important and expectations will be running sky-high that the bank will do more QE,"...

  • Pedestrians walk in the rain at the Canary Wharf business district in London.

    Rather than the major disruptive factor to the global economy and financial markets, the decision has had a decidedly muted effect.

  • Construction on a new Pulte Homes development in Phoenix.

    News that the company has agreed to a deal with activist Elliott Management sent stock higher Thursday.

  • ASUNCION, July 21- Paraguay's central bank said on Thursday the country's economy would expand by 3.5 percent this year, up from a previous forecast of 3.0 percent, boosted by faster growth in livestock, meat and construction output. Paraguay is the world's fourth-biggest soybean exporter. The central bank said domestic consumption and public spending in the...

  • *Airlines slump as Lufthansa issues profit warning. LONDON, July 21- European stocks edged lower on Thursday, as a drop in the shares of major airlines offset gains in some banks, propped up by signals of support for the sector from the European Central Bank. Airline stocks fell amid fears some consumers may avoid travelling abroad for holidays after last week's...

  • pat@ SAO PAULO, July 21- Yields paid on short-term interest rate future contracts in Brazil rose sharply on Thursday as traders increased bets that the country's central bank will wait until at least October to loosen policy. Prices of interest rates future contracts indicated traders were betting on a 25 basis-point cut in Brazil's benchmark rate in October,...

  • FRANKFURT, July 21- Deutsche Bank may abandon plans to spin off its retail unit Postbank given a weak IPO market and the absence of a good offer from a prospective buyer, a source close to the matter said on Thursday. Germany's largest bank announced last year that it wanted to sell Postbank, mainly to free up regulatory capital, but Chief Executive John Cryan...

  • Shaquille O'Neal #36 of the Boston Celtics blocks a shot against Jameer Nelson #14 of the Orlando Magic.

    Washington regulators are scuttling deals like it’s nobody’s business. Perhaps, it isn’t.

  • *Airlines slump as Lufthansa issues profit warning. LONDON, July 21- European stocks made little progress on Thursday, as a drop in the shares of major airlines offset gains in some banks which were propped up by more signs that the ECB would look to support the sector. Airline stocks fell amid fears that consumers may avoid travelling abroad for holidays after...

  • LONDON, July 21- German bond yields bounced to a three-week high on Thursday after the European Central Bank said it would wait until September to assess the need for any further easing in the wake of Brexit. ECB chief Mario Draghi said immediate stresses caused to markets from Britain's shock vote to leave the EU last month was contained but that the Bank...

  • BB&T posts 18% revenue growth in Q2

    BB&T Corp. Chairman and CEO Kelly King, says acquisitions and organic growth helped propel earnings, in discussing his outlook for the U.S. economy and expectations for the Fed.

  • LONDON, July 21- Banking shares rose after Mario Draghi singled them out as an indicator to gauge the European Central Bank's transmission of monetary policy, adding that a state-funded public backstop may be part of the solution to manage bad loans in the system. Shares of several leading European banks have slumped to multi-year lows on the back of...

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