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  • NEW YORK, Aug 25- Ray Dalio, the founder of Bridgewater Associates, the world's largest hedge fund, said the firm believes the next big move by the U.S. "The ability of central banks to ease is limited, at a time when the risks are more on the downside than the upside and most people have a dangerous long bias," said Dalio, who helps manage $162 billion at Bridgewater.

  • BEIJING, Aug 25- China's twin cuts in its interest rates and reserve requirement ratio on Tuesday should help it to better implement prudent monetary policy, a senior central bank official said. Lu Lei, the head of the research office at the People's Bank of China, said the borrowing cost for Chinese companies was still rising after adjusting for inflation, and...

  • *China stock indexes fell more than 7 pct before cut. BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stumbling economy and a plunging stock market that has sent shockwaves around the globe. Global shares, bond yields and oil prices all...

  • FACTBOX-China's interest rate and RRR changes Tuesday, 25 Aug 2015 | 7:52 AM ET

    BEIJING, Aug 25- China's central bank cut lending rates for the fifth time since November and trimmed the amount of cash that banks must hold as reserves, stepping up efforts to support a stuttering economy and a plunging stock market that has sent shockwaves around the globe. Below are changes in China's benchmark interest rates and required reserve ratios...

  • LONDON, Aug 25- The dollar jumped nearly one percent against a basket of major currencies on Tuesday and recovered from seven-month lows against the safe-haven yen and the euro as riskier assets got a boost from an interest rate cut by the Chinese central bank. The People's Bank of China said it was lowering the one-year benchmark bank lending rate by 25 basis...

  • BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. "Frankly this shows a bit of panic in my mind," said Andrew Polk, resident economist at the...

  • BEIJING, Aug 25- China's central bank cut interest rates and simultaneously relaxed reserve requirements for the second time in two months on Tuesday, cranking up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The People's Bank of China said on its website that it was lowering the one-year benchmark bank...

  • BEIJING— China cut interest rates for a fifth time in nine months Tuesday in a new effort to shore up slowing economic growth, and its top economic official tried to dispel fears its yuan might fall further in value. The benchmark rate for a one-year loan will be cut by 0.25 percentage points to 4.6 percent and the one-year rate for deposits will fall by a similar...

  • TORONTO/ OTTAWA, Aug 25- Canadian banks are expected to begin feeling the impact of an extended downturn in the energy sector as they exercise caution with new and existing loans to companies and individuals. Investors will this week be poring over the balance sheets and bottom lines of the country's biggest lenders as they post third-quarter results, with Bank...

  • DIARY- Top Economic Events to Sept 7 Monday, 24 Aug 2015 | 8:01 PM ET

    MANNHEIM, Germany- European Central Bank Vice President Vitor Constancio speaks at the ECB session "Effects of non-standard monetary policy measures: evidence and challenges" at the 30th Annual Congress of the European Economic Association- 1040 GMT. MANNHEIM, Germany- European Central Bank Chief Economist Peter Praet speaks at the session "The Euro crisis...

  • Ugly day for banks Monday, 24 Aug 2015 | 7:08 PM ET
    Ugly day for banks

    CNBC’s Bob Pisani looks at a rough day for the financials, including Citi and SunTrust.

  • BERKELEY, Calif., Aug 24- A top U.S. central banker appears to have cooled to the idea of an interest rate hike next month, saying on Monday only that the Federal Reserve will likely begin raising rates "sometime this year." Just two weeks ago, Atlanta Fed President Dennis Lockhart told reporters he was "very disposed" to a rate hike in September. Amid an ongoing U.S. stock...

  • Fed Up group plans counter Jackson Hole conference Monday, 24 Aug 2015 | 4:28 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen may be skipping this year's annual gathering of central bank policymakers in Wyoming, but a group of demonstrators will be making their second appearance at the elite gathering. The Fed Up coalition, made up of community activist groups, has rented a conference room in the same hotel where the Kansas City Federal...

  • Banks face pressure Monday, 24 Aug 2015 | 1:24 PM ET
    Banks face pressure

    CNBC's Kayla Tausche reports on headwinds facing the bank stocks, or the SBDR S&P Bank ETF.

  • NEW YORK— The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. The survey was done by the National Association of Business Economics. "A large and growing majority of business economists expects the Federal Open Market Committee to raise its target for...

  • SHANGHAI/ HONG KONG, Aug 24- China's yuan weakened against the dollar on Monday, pulled down by a collapsing stock market, but losses were capped by a stable central bank midpoint, traders said. The People's Bank of China set the midpoint rate at 6.3862 per dollar prior to market open, slightly stronger than the previous fix of 6.3864. If the CNH liquidity in the...

  • NEW YORK, Aug 21- The dollar tumbled more than 1 percent against the euro and the yen on Friday as strikingly weak Chinese factory data fanned global growth worries and cooled betting that the Federal Reserve will raise U.S. interest rates next month. One indicator of Fed policy expectations, interest rates on overnight indexed swaps, suggested traders now see a...

  • NEW YORK, Aug 21- The dollar fell broadly on Friday, dropping to a two-month low against the euro, as weak factory data from economic giant China added to doubts the Federal Reserve will raise U.S. interest rates next month. The euro, which is used as a "funding" currency borrowed to buy riskier but higher-yielding emerging market currencies, topped $1.13 as investors...

  • NEW YORK, Aug 21- U.S. Investors will closely evaluate a speech by Fed Vice Chair Stanley Fischer at Jackson Hole on Aug. 29 for clues on whether a rate increase in September is likely. "The September rate hike is still possible, but you're not going to get a better feel on that until you see the employment report," said Charles Comiskey, head of Treasuries trading at Bank...

  • NEW YORK, Aug 21- The hangover from the bursting of the housing bubble and competition from electronic trading have helped restrain U.S. dealers from growing their balance sheets and taking more risks, the New York Federal Reserve said in a blog post on Friday. New York Fed analysts Tobias Adrian, Michael Fleming, Daniel Stackman, and Erik Vogt said in the blog that...

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