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  • UK charges Euribor 6 with six-year rate-rigging plot Wednesday, 13 Jan 2016 | 6:33 AM ET

    LONDON, Jan 13- Six French, German, British and Danish bankers, who have been charged in Britain with being part of a six-year scheme with traders at major banks to manipulate Euribor benchmark interest rates, are set to face a jury trial on Sept. 4, 2017. Christian Bittar, once one of Deutsche Bank's most profitable derivatives traders, Achim Kraemer, who is still at...

  • Yuan eases marginally despite central bank's steady fix Tuesday, 12 Jan 2016 | 11:14 PM ET

    SHANGHAI, Jan 13- China's central bank held the yuan steady at its daily fixing, keeping its foot on the brake to stop a slide in the currency resuming, but the yuan still eased slightly on strong corporate demand. The People's Bank of China held the line for a fourth straight session by setting the yuan midpoint rate at 6.5630 per dollar prior to market open on...

  • DIARY-Top Economic Events to Jan 27 Tuesday, 12 Jan 2016 | 7:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks on economic outlook for the U.S. economy at the Greater Boston Chamber's Government Affairs Forum- 1245 GMT. FRANKFURT- European Central Bank Executive Board Member Sabine Lautenschlaeger to speak at Third Austrian Bankers Business Lunch- 1100 GMT. THURSDAY, JANUARY 14 ATLANTA- Federal...

  • MOSCOW, Jan 12- Russia's ailing state development bank VEB can honor its debt repayments for the first quarter of this year without additional state support, three government and banking sources said. But the bank, which has been hit by Western sanctions over Moscow's role in Ukraine, will definitely require a large injection of capital from the government...

  • PARIS, Jan 12- Emerging economies may need to resort to radical interventions in financial markets, similar to the sweeping measures taken by rich countries during the financial crisis, to cope with sharp capital outflows, the head of Mexico's central bank said. Bank of Mexico Governor Agustin Carstens told a conference of central bankers in Paris on Tuesday...

  • PARIS, Jan 12- Further interest rate hikes by the U.S. Federal Reserve should be gradual or they risk hurting already fragile emerging economies, where many companies borrow in dollars, the head of the International Monetary Fund said on Tuesday. Christine Lagarde said a tightening in U.S. monetary policy, which started last month with the first rate hike in a...

  • Profit fears arise as Q4 earnings kicks off Tuesday, 12 Jan 2016 | 6:34 AM ET
    Profit fears arise as Q4 earnings kicks off

    Lindsey Bell, S&P Capital IQ, shares her outlook on the upcoming quarter. Guidance is going to be key, says Bell.

  • BEIJING, Jan 12- China's cabinet has named Pan Gongsheng, a deputy governor of the country's central bank, as its new top foreign exchange regulator to manage the country's currency reserves and steer yuan reforms. Pan will replace Yi Gang as head of China's State Administration of Foreign Exchange, the cabinet said on Tuesday. Analysts don't expect the...

  • Six bankers charged: UK begins Euribor rigging case Tuesday, 12 Jan 2016 | 2:42 AM ET
    Colin Bermingham, a former trader at Barclays Plc, arrives at Westminster Magistrates' Court in London, U.K., on Monday, Jan. 11, 2016. Bermingham is one of 11 ex-traders facing charges for manipulating the euro interbank offered rate (euribor) benchmark made an appearance to be formally indicted at a London court Monday

    Six bankers were formally charged in a British court on Monday with conspiring to manipulate Euribor benchmark interest rates.

  • TAIPEI, Jan 12- Taiwan's central bank has prepared around $170 million in U.S. dollars in cash in the event election changes bring about an onslaught of demand for the U.S. currency from the island's residents, three people familiar with the matter said. Taiwan votes for a new president and parliament on Saturday in which the main opposition...

  • *WMPs often offer double-digit returns based on risky assets. SHANGHAI/ BEIJING, Jan 12- China's banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products, five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.

  • SHANGHAI, Jan 12- China's banking regulator said on Monday that new non-performing loans held by Chinese banks more than doubled in 2015 from the previous year, according to two people with direct knowledge of the matter. The NPLs in China's banking sector increased 257.4 billion yuan to 1.43 trillion yuan during 2014, suggesting that new NPLs last year surged...

  • SHANGHAI/ BEIJING, Jan 12- China's banking regulator and the main bond clearinghouse have asked commercial banks to reduce yields offered on their wealth management products, five sources with direct knowledge of the matter told Reuters Tuesday. Bank wealth management products, which are marketed by banks but often backed by risky third party assets...

  • Dallas, Jan 11- Four U.S. interest-rate hikes are "not baked in the cake" for the Federal Reserve this year, particularly given global stock market volatility set off by fears over a cooling Chinese economy, a top Fed official said on Monday. "This is an unusual start to the year, obviously," Robert Kaplan, the Dallas Fed's new president, told reporters after a talk here.

  • DIARY-Top Economic Events to Jan 22 Monday, 11 Jan 2016 | 7:01 PM ET

    TUESDAY, JANUARY 12 DALLAS- Federal Reserve Bank of Dallas President Rob Kaplan speaks before the North Texas Economic Forum hosted by Dallas chapters of Financial Executive International, Association for Corporate Growth and National Association of Corporate Directors- 0050 GMT. PARIS- European Central Bank Executive Board Member Peter Praet, Bank of...

  • ABUJA, Jan 11- Nigeria's central bank is halting dollar sales to non-bank foreign exchange operators and letting commercial banks accept dollar deposits with immediate effect, its governor said on Monday, in an effort to shore up dwindling foreign reserves. Africa's biggest economy, an OPEC member state that depends on oil sales for about 95 percent of its...

  • ATLANTA, Jan 11- There may not be enough fresh data on inflation to support a second U.S. interest rate increase in January or March, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday in comments that help give shape to the Fed's possible rate path. Investors currently are split over whether the second rate hike will take place in March or April,...

  • ATLANTA, Jan 11- There may not be enough fresh data on inflation to support another U.S. interest rate hike by March, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday in comments that help give shape to the Fed's possible rate path. "How much will we know about inflation trends or inflation developments going into the mid-March meeting?

  • SAO PAULO, Jan 11- Global bond offerings by Latin American banks could recover this year, with a focus on senior rather than subordinated securities, as some Mexican, Colombian and Peruvian lenders face growing refinancing and funding needs, JPMorgan Securities said on Monday. In a client note, analyst Natalia Corfield forecast $12.5 billion of new Latin...

  • LONDON, Jan 11- Six bankers were formally charged in a British court on Monday with conspiring to manipulate Euribor benchmark interest rates, while another five accused in the case did not appear for the hearing. The case involving 11 former Deutsche Bank, Barclays and Societe Generale employees is Britain's fourth prosecution of rate-fixing allegations...

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