Businesses need to take note of India's three new pillars: digitization, mobility and social media, says Chanda Kochhar, CEO of ICICI Bank.» Read More
*Oil eases falls below $50 on oversupply, China growth concern. NEW YORK, Oct 14- Global equity markets slid for a second day and the dollar eased to its lowest in almost a month on Wednesday as weak U.S. retail sales and a decline in producer prices added to expectations the Federal Reserve will not raise interest rates anytime soon. Mixed earnings from major U.S....
One democratic candidate has an important message and deserved to be on the podium, but he couldn't get a spot, says Kabir Sehgal.
WASHINGTON, Oct 14- U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about whether the Federal Reserve will raise interest rates this year. "The softness of September's figures supports our view that the Fed probably isn't going to hike interest rates until early next year," said...
As JP Morgan changes its method of operation, it’s likely they'll have "disappointing” quarters, says Dick Bove, vice president of equity research and financial sector analyst at Rafferty Capital.
And artificial intelligence will be hot for Chinese consumers, but 3-D printing will be all the rage in Europe.
Wells Fargo delivered third-quarter earnings that topped analysts' expectations on Wednesday.
*Gold climbs to new 3-1/ 2- month high at $1,176.20/ oz. LONDON, Oct 14- Gold steadied near 3-1/ 2 month highs on Wednesday as concerns over deflationary pressures in China fueled expectations the Federal Reserve will hold off raising U.S. interest rates, pressuring stocks and the dollar. Gold, which as a non-yielding asset tends to benefit from ultra-low rates, has...
Bank of America earnings topped expectations, reversing a year-earlier loss related to a settlement with the government over mortgages.
Brennan Hawken, UBS analyst breaks down JPMorgan's quarterly results and shares his thoughts on challenges ahead for the big banks. Also Hawken explains why he's likely to '"load up" on Morgan Stanley.
*Gold climbs to new three-month high. LONDON, Oct 14- Gold hit three-month highs on Wednesday, extending gains for a fourth session, as concerns over deflationary pressures in China fuelled expectations the Federal Reserve will hold off raising U.S. interest rates, pressuring stocks and the dollar. Gold, which as a non-yielding asset tends to benefit from...
Macro-fundamentals and low inflation are headwinds for U.S. financial stocks, explains Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments.
SINGAPORE, Oct 14- Gold extended gains to a fourth straight session on Wednesday, hitting a fresh three-month high, bolstered by a weaker dollar and comments from Federal Reserve officials cautioning against a rate hike this year. Spot gold rose 0.3 percent to $1,171.60 an ounce by 0347 GMT, after earlier climbing to $1,174.31- its highest since July 6.
HONG KONG, Oct 14- Agricultural Bank of China, the country's third-largest listed lender, completed its debut sale of $1 billion dual currency bonds late on Tuesday in London- the first "green bond" from a Chinese bank. This category of fixed-income instrument is growing fast as countries tackle climate change and pollution, a pressing issue in China.
Daniel Tsai, chairman of Fubon Financial Holdings, tells CNBC that he did not have "too big an ambition" when he first joined the family business.
Westpac unveiled a $2.5B capital raising to meet new stricter capital rules, and also pushed home loan rates higher by 20 basis points.
SINGAPORE, Oct 14- Gold held just below a three-month high on Wednesday, bolstered by a weaker dollar and comments from Federal Reserve officials cautioning against a rate hike this year. *Gold, as a non-interest-paying asset, has been well bid since. *Fed Governor Lael Brainard on Monday said the Fed should hold off on rate hikes until it is clear that trouble in...
SINGAPORE- European Central Bank member Yves Mersch speaks on "Market infrastructure integration- What remains to be done?" ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives opening remarks before the 40th Annual Fall Policy Conference hosted by the Federal Reserve Bank of St. Louis- 1430 GMT. WASHINGTON- Federal Reserve Bank of New York...
Despite a mixed earnings report for JPMorgan Chase, "Fast Money" traders believe its shares look enticing.
The "Fast Money" traders took their positions ahead of Wednesday's big earnings.
*Records tax benefit of $2.2 bln. Oct 13- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 6.4 percent decline in revenue and profit declines in three of its four main businesses, underscoring how weak trading markets and low interest rates have hurt banks in recent months. Total revenue fell a more-than-expected 6.4 percent to $23.54 billion.