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Finance Banks

  • SHANGHAI, Feb 3- China's central bank raised the lending rates on its standing lending facility loans on Friday, two banking sources said. Earlier on Friday, the People's Bank of China raised the interest rates on open marekt operations by 10 basis points. The moves will reinforce views that China's central bank is moving to a tightening policy bias, but analysts...

  • MOSCOW- Central Bank of Russia interest rate decision. WARSAW- National Bank of Poland monetary policy council meeting. BUDAPEST- Hungarian Central Bank non-rate-setting meeting.

  • FRANKFURT, Feb 2- Two top officials at the European Central Bank defended its ultra-easy monetary policy on Thursday after a rebound in inflation had upset bond markets and sparked criticism of it, particularly in cash-rich Germany. But Benoit Coeure and Peter Praet, two members of the ECB's Executive Board, said the bank would keep looking through the rapid...

  • MILAN/ LONDON, Feb 2- European shares slipped on Thursday, weighed down by disappointing earning updates from Danish drugmaker Novo Nordisk and German lender Deutsche Bank, although Reckitt Benckiser was boosted by news of talks to buy U.S. rival Johnson Nutrition. The pan-European STOXX 600 index fell 0.3 percent, while Britain's FTSE outperformed with a gain...

  • LONDON, Feb 2- Euro zone government bond yields fell on Thursday, pulling back from multi-month highs, after the U.S. Federal Reserve and the Bank of England both gave positive economic views but appeared in no rush to withdraw stimulus. Rising political risks in France have created an additional headwind.

  • *Dollar hits lowest since mid-November. NEW YORK, Feb 2- The dollar fell on Thursday to its lowest since mid-November and world equity markets were little changed after the U.S. On Wall Street, stock indexes were little changed as bank stocks fell after the Fed's minimal guidance on future rate hikes, but consumer staples such as Philip Morris outperformed with a...

  • *BoE sharply raises 2017 GDP forecast to +2.0 pct. By William Schomberg and David Milliken. LONDON, Feb 2- The Bank of England made its latest sharp increase to forecasts for British economic growth in 2017 on Thursday, but appeared in no rush to raise interest rates, warning of "twists and turns" on the road out of the European Union.

  • Bill Miller

    The founder of Baltimore-based LMM, sees shares of OneMain Holdings nearly tripling in two years.

  • Fitch: Smaller banks most likely to benefit from deregulation

    Joo-Yung Lee, Fitch Ratings head of North American financial institutions, discusses the implications of President Donald Trump's promises on deregulation in the financial industry.

  • Feb 2- U.S. stocks slipped on Thursday, as bank stocks fell after the Federal Reserve provided little clarity into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. The Fed, which left interest rates unchanged on Wednesday, gave no firm signal of a hike in March as it closely watches the impact...

  • By William Schomberg and David Milliken. LONDON, Feb 2- The Bank of England on Thursday sharply increased its forecast for British economic growth in 2017, but appeared to be in no rush to raise interest rates, warning of "twists and turns" on the road out of the European Union. The currency fell and British government 10- year bond yields were on track for their...

  • hike@ SAO PAULO, Feb 2- Latin American currencies strengthened on Thursday after the U.S. Brazil's benchmark Bovespa stock index inched up 0.2 percent, supported by blue-chip shares such as miner Vale SA and state-controlled oil company Petróleo Brasileiro SA. Gains were limited by falling shares of Banco do Bradesco SA after the bank forecast slow lending...

  • Daniel Loeb

    Third Point CEO Dan Loeb says he expects to see an acceleration of US economic growth and raised his fund's financials exposure.

  • NEW YORK, Feb 2- U.S. Treasury prices gained on Thursday a day after the Federal Reserve gave a more dovish-than-expected statement, and as uncertainty over policies from President Donald Trump increased safety buying of U.S. debt. "People's takeaway was that the Fed has elongated their view that they really don't have to do very much and are waiting on a pickup of...

  • SAO PAULO, Feb 2- Banco Bradesco SA expects slow lending growth and high loan-loss provisions this year, as Brazil's No. 3 bank remains cautious over the pace of economic recovery and the ability of households and companies to take on new borrowing. Banks in Brazil are struggling with the country's harshest recession since 1901 and fallout from a sweeping...

  • *Q4 net loss 1.9 bln euros vs forecast loss of 1.16 bln. FRANKFURT, Feb 2- Deutsche Bank fell further behind its Wall Street rivals in 2016, lagging their strong rebound in bond trading in the last three months of the year and increasing pressure on CEO John Cryan ahead of an expected strategy update this spring. Germany's flagship lender posted on Thursday a net...

  • Feb 2- Wall Street looked set to open lower on Thursday as the Federal Reserve gave little insight into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. The Fed left interest rates unchanged on Wednesday but gave no firm signal of a hike in March, as it awaits more clarity on President Donald...

  • This financial play is the perfect Trump stock: Bill Miller

    Bill Miller, LMM chairman & CEO, provides his top financial stock pick and outlook on housing.

  • *European stocks mixed, Wall Street seen opening lower. *Pound dips after Bank of England says rates could rise or fall. Britain's pound nonetheless fell against the dollar and euro after the Bank of England, while raising its forecast for British growth this year, also kept policy unchanged and said rates could go either way depending on the economic outlook.

  • LONDON, Feb 2- Central bankers' "15 minutes of fame" are coming to an end as governments around the world focus increasingly on fiscal spending and trade, Bank of England Governor Mark Carney said on Thursday. The comment was one of the most pointed from a major central bankers about the difficulties now being faced after years of propping up economies with asset...

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