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  • *U.S. central bank keeps door open to September rate hike. TOKYO, July 30- The dollar firmed to a near one-week high on Thursday ahead of U.S. gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September. "We're seeing some pretty good follow-through, in terms of U.S. dollar-buying,...

  • MANILA, July 30- Gold dipped towards its weakest level since early 2010 on Thursday after the Federal Reserve said the U.S. economy continues to strengthen, supporting a potential interest rate rise when the Fed meets again in September. It sank to as low as $1,077 last week, its weakest since February 2010, after a selloff in New York and Shanghai and has since...

  • MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...

  • TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...

  • China’s weakened property market could hit banks: S&P Wednesday, 29 Jul 2015 | 7:19 PM ET

    China's property market slump could hit the banks according to ratings agency S&P, in the latest warning to the world's second largest economy.

  • NEW YORK— U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. "Yeah, the economy is improving, but they are not really saying that the economy is taking off here," said Tom di Galoma, head of rates trading at ED&F Man Capital. There are several reasons why the Fed...

  • July 29- The Federal Reserve, it seems, is still waiting for the economic equivalent of perfection and risks squandering a good opportunity to begin normalizing interest rates. While this may be part of a well-intentioned effort to prepare the ground for investors and avoid a market shock when the increase finally comes, every delay only further reinforces...

  • WASHINGTON, July 29- The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. Following their latest two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was "...

  • FOREX-Dollar rises as Fed's jobs view hints at rate hike Wednesday, 29 Jul 2015 | 3:35 PM ET

    NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...

  • *Fed leaves interest rates unchanged. NEW YORK, July 29- U.S. "It looks like from the statement they slightly upgraded their language on the labor market," said Shyam Rajan, head of U.S. interest rate strategy at Bank of America Merrill Lynch.

  • WASHINGTON, July 29- The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. Following a two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was "expanding...

  • Fed holds steady on rates, seeks further economic gains Wednesday, 29 Jul 2015 | 2:05 PM ET

    WASHINGTON— The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has...

  • WASHINGTON, July 29- The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. Following a two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was "expanding...

  • UPDATE 1-Sudan cuts subsidy for imported wheat - sources Wednesday, 29 Jul 2015 | 12:22 PM ET

    KHARTOUM, July 29- Sudan's central bank has raised the U.S. dollar exchange rate at which wheat imports are purchased, effectively reducing the subsidy. One banking source and a Sudanese wheat trader confirmed the change saying that the central bank had sent a document to concerned parties changing the rate from 2.9 Sudanese pounds a dollar to 4 Sudanese pounds...

  • Dick Bove: BofA price to double, here's why Wednesday, 29 Jul 2015 | 12:14 PM ET
    Dick Bove

    Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.

  • UPDATE 3-Barclays to speed up cost-cuts and asset sales Wednesday, 29 Jul 2015 | 11:31 AM ET

    LONDON, July 29- Barclays' new chairman sought to stamp his mark on the bank on Wednesday by accelerating the sale of assets and cost cutting after the group produced a 12 percent increase in second-quarter profits. Chairman John McFarlane, who arrived at Barclays in April with a reputation for taking bold action, laid out his plans for the bank after ousting Chief...

  • ANKARA, July 29- Full-year profit forecasts for the Turkish banking sector look set to be lowered in coming days, with second-quarter results expected to confirm the impact of a slowing economy, political uncertainty and a weaker lira. The Banks Association of Turkey forecast average net profit growth of 8 percent for banks in 2015 at the start of the year, while...

  • Bove: Moynihan is right guy for Bank of America Wednesday, 29 Jul 2015 | 10:56 AM ET
    Brian Moynihan

    Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.

  • *Antofagasta cuts annual production guidance. LONDON, July 29- Copper dipped on Wednesday ahead of a U.S. central bank statement expected to set the stage for an interest rate hike in September and a potentially firmer dollar. Copper rallied earlier in the session, sparked by a rebound on the Chinese stock market and hopes of more stimulus in the world's top...

  • FOREX-Dollar holds steady as traders await clues from Fed Wednesday, 29 Jul 2015 | 10:24 AM ET

    NEW YORK, July 29- The dollar held steady against major currencies on Wednesday as traders awaited possible clues from the Federal Reserve on whether it will raise interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments including the European debt crisis and most recently...

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