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  • NEW YORK, Aug 26- Longer-dated U.S. Treasuries prices stumbled on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The movement of the yield curve is consistent with Dudley's comments, "said Gene Tannuzzo, portfolio manager at...

  • Fed official says September rate hike 'less compelling' Wednesday, 26 Aug 2015 | 3:10 PM ET

    WASHINGTON— The head of the New York Federal Reserve Bank said Wednesday he's less inclined to support a Fed rate hike in September amid recent global turmoil, including falling oil prices and a slowdown in China. William Dudley said the developments pose downside risks for the U.S. economy and have fueled market volatility. But growing worries about economic...

  • BNY Mellon has calculation problems: Report Wednesday, 26 Aug 2015 | 2:17 PM ET

    BNY Mellon has been experiencing problems with how the net asset value of funds is being calculated, according to people familiar with the situation.

  • Bruising sell-off tests market faith in central banks Wednesday, 26 Aug 2015 | 1:48 PM ET

    LONDON, Aug 26- A bruising 48- hour sell-off in global stocks driven by fears of slowing growth has rocked market confidence in central bankers' ability to fight deflation, restore economic health and keep a six-year-old bull run going. Federal Reserve official William Dudley said hiking interest rates next month seemed less appropriate, while a European...

  • NEW YORK, Aug 26- Most U.S. Treasuries prices rose on Wednesday after a top Federal Reserve official scaled back his view of a rate increase in September in the wake of market turbulence stemming from worries about China's economy. The Fed is no hurry to raise rates even though it wants to get off to zero-bound rates, "said Brian Brennan, portfolio manager at T. Rowe...

  • NEW YORK, Aug 26- An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday. Dudley, a dovish policymaker and close ally of Fed Chair Janet Yellen, however left the door open to raising rates for the first time in nearly a decade when the...

  • NEW YORK, Aug 26- A Federal Reserve interest rate hike next month seems less appropriate given the recent global market turmoil has increased the risks to the U.S. economy, an influential Fed official said on Wednesday. New York Fed President William Dudley said the prospects of a September rate hike "seems less compelling to me than it was a few weeks ago."

  • ATHENS, Aug 26- Greek banks need to be recapitalised for a third time to bolster their equity base and attract back deposits they lost during a months-long standoff between the leftist government and its international lenders. Greece's European and IMF lenders have urged Athens to open up the market for the hiving off or disposal of non-performing loans and to...

  • Bove: These banks exposed to stock liquidity risk Wednesday, 26 Aug 2015 | 7:45 AM ET
    Dick Bove

    Big investment banks like Goldman Sachs and Morgan Stanley are most at risk of liquidity challenges as markets sell off, Dick Bove says.

  • Big banks... where's the money coming from? Dick Bove Wednesday, 26 Aug 2015 | 6:53 AM ET
    Big banks... where's the money coming from? Dick Bove

    Despite upgrades for several big banks, Dick Bove, Rafferty Capital, explains why he thinks investors need to stay on the sidelines for now.

  • Russia's Sberbank beats Q2 forecast on provisions Wednesday, 26 Aug 2015 | 7:00 AM ET
    A man walks past a branch of Sberbank Rossii on March 7, 2014 in Simferopol, Ukraine.

    Russia's top bank Sberbank made net profit of 54.6 billion roubles ($786 million) in the second quarter, better than analysts had forecast.

  • China's yuan reverses fall to close firmer, volumes surge Wednesday, 26 Aug 2015 | 5:58 AM ET

    SHANGHAI, Aug 26- China's yuan reversed earlier declines to close slightly stronger against the dollar on Wednesday, with volumes surging to the second biggest since records were available. Traders said the market was increasingly divided over the currency's direction after the People's Bank of China on Tuesday cut the one-year benchmark bank lending rate...

  • Russian banks: An unresolved business? Wednesday, 26 Aug 2015 | 4:30 AM ET
    Russian banks: An unresolved business?

    Chris Weafer, founding partner at Macro-Advisory, says Russian banks are assessing risk on exposure by using a more "favorable" exchange rate – from pre-oil declines - than the current rate.

  • *PBOC says "still downward pressure" on China growth. HONG KONG/ SHANGHAI, Aug 26- China's turbulent stock markets slipped again on Wednesday, as a double-barrelled blast of central bank stimulus failed to convince investors of Beijing's ability to jolt the world's second biggest economy out of its slowdown. The response from China's two main stock indexes- never...

  • Despite volatility, this expert still prefers A-shares Wednesday, 26 Aug 2015 | 12:18 AM ET
    Despite volatility, this expert still prefers A-shares

    Wong Kok Hoi, MD & CIO at APS Asset Management, says “new economy” stocks listed in China's A-share markets will outperform in the long run.

  • SHANGHAI, Aug 26- China's yuan fell against the dollar on Wednesday after the central bank cut the one-year benchmark bank lending rate by 25 basis points and reserve requirements by 50 basis points for most big banks. The People's Bank of China set the midpoint rate at 6.4043 per dollar prior to market open, 0.09 percent weaker than the previous fix of 6.3987 and...

  • SHANGHAI, Aug 26- China's yuan weakened early on Wednesday after aggressive monetary easing by the central bank on Tuesday evening. The People's Bank of China set the midpoint rate at 6.4043 per dollar prior to the market open, its weakest level since August 2011, and firmer than the previous day's closing quote of 6.4124. "It is not the first time for China to roll...

  • COLUMN-Fed 'put' no cause for relief: James Saft Tuesday, 25 Aug 2015 | 3:00 PM ET

    Aug 25- Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Unsurprisingly the CBOE Volatility Index, which measures how sharply investors expect stocks to move, surged by as much as 90 percent to more than 50, its highest since January 2009. "There is a growing chorus that the Fed needs to bail...

  • Rate hike still on table? Bank thinks so Tuesday, 25 Aug 2015 | 2:31 PM ET
    Rate hike still on table? Bank thinks so

    CNBC's Dom Chu reports that Citi is sticking with a prediction of a September rate hike for the Fed.

  • WASHINGTON, Aug 25- Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. Ahead of the Fed's July 28-29 policy-setting meeting, directors of the Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed...

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