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  • comments weigh@ SAO PAULO, Sept 23- Latin American stocks and currencies fell on Friday as investors booked profits from a two-day rally after Boston Federal Reserve President Eric Rosengren said he believed rates should be raised gradually now. The two currencies also suffered the impact of a 4- percent slump in crude prices, a key export and source of tax...

  • Berkowitz: Banks will become tech companies over time

    Fairholme Capital Management's Bruce Berkowitz discusses his big hopes for Bank of America, its CEO Brian Moynihan and the industry's use of technology going forward.

  • *Bank of Canada cut interest rates twice last year. OTTAWA/ TORONTO, Sept 23- Canada's annual inflation rate in August dipped to a 10- month low and retail sales unexpectedly fell in July, disappointing markets and reviving talk that the Bank of Canada was more inclined to ease monetary policy than tighten. The Bank of Canada, which last year cut rates twice to...

  • SAN FRANCISCO, Sept 23- The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could...

  • Eight companies made their market debut this week, raising a total of $1.22 billion. Five listed one or more of the six big banks as a lead manager, according to Renaissance Capital, a manager of IPO-focused ETFs. Equity offerings in the United States fell 36 percent to $122.7 billion through the week of Sept. 16.

  • PHILADELPHIA, Sept 23- A trio of Federal Reserve officials said the United States needed to speed up work on issues like income inequality and community development, or risk weaker economic growth and more fractured politics in the future. "This inequality question that has come to the fore, I think, has implications for economic growth, for global strength and...

  • Hong Kong skyline

    Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan.

  • WASHINGTON/ NEW YORK, Sept 23- The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing companies like Goldman Sachs and Morgan Stanley to hold more capital against such investments. The Fed also contemplated other limits like banning Wall Street control of power plants and prohibiting bank holding companies from...

  • Rates settle in, 'down on week' along with dollar index

    CNBC's Rick Santelli discusses bond prices and yields.

  • hike@ SAO PAULO, Sept 23- Most Latin American stocks and currencies fell on Friday as investors booked profits from a two-day rally after Boston Federal Reserve President Eric Rosengren said he believed rates should be raised gradually now. The two currencies also suffered the impact of a drop in crude prices, a key export and source of tax revenue for both Mexico...

  • MILAN, Sept 23 (Reuters)- European shares ended weaker on Friday, pulling back from two-week highs in the previous session after the Federal Reserve signalled an increasingly cautious approach to future rate hikes, with banks leading sectoral fallers. The pan-European STOXX 600 index ended 0.7 percent lower, retreating after closing at its highest level since...

  • WASHINGTON, Sept 23- The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing enterprises like Goldman Sachs and Morgan Stanley to hold more capital against such investments. Those banks would have to hold more capital against energy and commodity investments and the Fed contemplated other restrictions like...

  • Wall Street banks have sharply reduced their involvement in physical commodities in recent years, under pressure from regulators and lawmakers. The biggest players in the field have been Goldman Sachs and Morgan Stanley. Also, critics of Wall Street say that owning and storing commodities like aluminum in warehouses or oil in storage tankers enables banks...

  • Sept 23- Neel Kashkari, president of the Minneapolis Federal Reserve Bank, said Friday that he was more worried about raising rates too quickly than too slowly, largely because the central bank is better equipped to fight high inflation than low inflation. Worry more about too quickly, "Kashkari tweeted, responding to a question about whether raising rates too...

  • The British trader, who caused the collapse of Barings Bank in 1995 when he lost more than $1 billion in unauthorized trades, was released from a Singapore jail in 1999 after serving 3 1/ 2 years. He published a book in 1996 entitled "Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World." He even briefly served as CEO of Galway United Football Club.

  • WASHINGTON, Sept 23- The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing enterprises like Goldman Sachs and Morgan Stanley to hold more capital against such investments. Under current law, Goldman Sachs Group Inc and Morgan Stanley may invest in energy storage and transportation in ways that other banks can...

  • FEDERAL RESERVE PROPOSES NEW LIMITS ON WALL STREET INVESTMENT IN COMMODITY SECTOR.

  • BERLIN, Sept 23- France and Germany warned on Friday against the introduction of new rules that would force banks to set aside more capital, saying this could choke off private lending and hurt growth prospects. Speaking after a meeting of the German-French economic council in Berlin, German Finance Minister Wolfgang Schaeuble and his French counterpart...

  • *No further cuts seen from Bank of England this year. LONDON, Sept 23- Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central bank policy loses its potency, Pimco's bonds CIO said on Friday. Federal Reserve would raise interest rates, and that the Bank of England would not have to cut rates again...

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