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  • HONG KONG, May 25- ChemChina has raised $20 billion in perpetual bonds and preferred shares to finance its acquisition of Swiss seeds maker Syngenta, according to a regulatory filing by the state-owned Chinese company. Bank of China has invested $10 billion via a perpetual bond, making the Chinese lender the single largest financier in the $44 billion deal,...

  • TOKYO, May 25- The dollar was on the defensive on Thursday after the Federal Reserve dialled down on some of the more hawkish policy expectations in the market, while the euro edged back up towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and took the wind out of an earlier bounce by the dollar, which had...

  • SEOUL, May 25- Following is the full text of the statement released by the Bank of Korea in English after the central bank kept interest rates unchanged at on Thursday. "The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.25 percent for the intermeeting period." "Based on currently available information the Board...

  • TOKYO, May 25- The dollar was on the defensive early on Thursday after minutes of the latest Federal Reserve policy meeting were not as hawkish as anticipated, while the euro edged back up towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and took the wind out an earlier bounce by the dollar, which had...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • *Treasury yield curve flattens, Wall Street stocks rise. *Global shares recover after China downgrade. NEW YORK, May 24- Wall Street rose, while the U.S. dollar and bond yields fell on Wednesday after Federal Reserve meeting minutes signaled a gradual approach to interest rate hikes, and oil prices dipped on a draw of U.S. gasoline stocks that was smaller than...

  • NEW YORK, May 24- U.S. stocks ended up slightly on Wednesday, with the S&P 500 hitting a record high close, after minutes of the Federal Reserve's latest meeting showed policymakers view a rate hike coming soon. But, according to the May 2-3 meeting minutes, they also agreed they should hold off on raising interest rates until they knew a recent U.S. economic slowdown...

  • NEW YORK/ LONDON, May 24- Gold prices rose on Wednesday as the dollar slipped and minutes of the Federal Reserve's last policy meeting suggested the U.S. central bank was cautious about raising interest rates. Spot gold traded at $1,256.02 an ounce by 2:50 p.m.. "Gold is largely unchanged after an initial burst higher failed as May's Fed minutes offered little to...

  • WASHINGTON, May 24- Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday. Nearly all policymakers at the May 2-3 meeting also said they favored beginning the wind-down...

  • NEW YORK, May 24- The U.S. dollar slipped on Wednesday, after minutes of the latest Federal Reserve meeting showed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory. "The minutes show that the Fed is going to be cautious and is in no rush to adopt a hawkish tone with respect to...

  • WASHINGTON— Federal Reserve officials signaled in discussions early this month that they would likely start reducing the Fed's huge portfolio of bond holdings later this year, a step that could cause borrowing rates to rise. The minutes of the Fed's May 2-3 meeting, released Wednesday, show that officials not only discussed beginning a reduction of bond...

  • NEW YORK, May 24- Regulations passed after the financial crisis aimed at reducing risk at systemically important banks and other institutions have made it harder to buy and sell corporate bonds, researchers at the New York Federal Reserve said on Wednesday. In October 2015, New York Fed economists, including Tobias Adrian and Or Shachar, said there appeared to be...

  • NEW YORK, May 24- U.S. "People are hitting the pause button to get more clarity from the Fed," said Bill Merz, senior market strategist at U.S. Bank in Minneapolis. In the meantime, U.S. bond yields were pinned down by demand for low-risk assets in the wake of Moody's downgrade of China and the deadly suicide bombing in Manchester, England.

  • ATHENS, May 24- Uncertainty over Greece's bailout review took its toll on Piraeus Bank and National in the first quarter as the country's two biggest lenders focused their efforts on cutting bad debts. Greece's economy contracted in the first three months of the year but less than in the final quarter of 2016, flash estimates by its statistics service showed...

  • Sources told Reuters last week that the European Commission had asked two Veneto- based regional lenders to raise an additional 1 billion euros in private capital as a condition to approve their request for a state bailout. The sources said Italy's stronger banks could once more face pressure to help rescue the lenders, Popolare di Vicenza and Veneto Banca,...

  • *Germany auctions 10- year bonds. LONDON, May 24- The cautious tone of euro zone central bankers in the wake of some of the best economic data in years sent mixed signals to investors in the bloc's debt markets on Wednesday. Government bond yields across the region have been pegged near record lows in recent years as the European Central Bank has spent trillions of...

  • *Fed minutes scheduled to be released at 2 p.m. ET. Investors are also awaiting more details regarding the Fed trimming its $4.5 trillion balance sheet, when the central bank releases the minutes at 2 p.m. ET. "The real take from the Fed is that a June rate hike still seems to pretty much baked in the cake but I'm going to be looking at guidance as how they expect to start...

  • *Hungarian central bank IRS announcement lifts bond prices. *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Hungarian government bonds strengthened on Wednesday after the central bank said that it would offer interest rate swaps which could make bond buying more attractive to commercial banks.

  • BEIRUT— The Lebanese government has reappointed Lebanon's long-serving Central Bank governor for another six year term. The renewal of Riad Salameh's term sends a positive signal to international investors at a time of regional turbulence when Lebanese banks are increasingly under scrutiny from the U.S. The U.S. administration is considering imposing...

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