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  • NEW YORK, Dec 15- The U.S. dollar rebounded from a roughly six-week low against the euro on Tuesday after data showed inflation pressures rose in the United States in November, cementing expectations for a hike in interest rates by the Federal Reserve on Wednesday. The euro dipped from a roughly six-week high of $1.10600 hit earlier in the session to a session low...

  • LONDON, Dec 14- As the Federal Reserve prepares to raise interest rates for the first time in almost a decade, just two weeks after the European Central Bank extended its bond-buying program, conventional wisdom states the euro should be weakening. The dollar index against major currencies, which hit its highest level since April 2003 of 100.51 on Dec. 2, the day...

  • WASHINGTON, Dec 15- Underlying inflation pressures rose in November, which could give the Federal Reserve more confidence to raise interest rates on Wednesday, even as renewed weakness in gasoline prices kept overall U.S. consumer prices in check. The Labor Department said on Tuesday its so-called core Consumer Price Index, which excludes food and energy,...

  • DUBAI, Dec 15- Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said on Tuesday. Banks have been asked to suggest the interest rate that they want Aramco to pay on the loan, the two sources said,...

  • ATHENS, Dec 15- Greek financial prosecutors have raided a UBS office in Athens seizing records as part of an investigation into possible tax evasion by holders of large bank deposits abroad, court officials said on Tuesday. Germany provided Greek authorities with information on suspected tax evaders last month in a move to help Athens fulfill its promise to...

  • BRUSSELS, Dec 15- A plan to set up a euro zone insurance for bank deposits is the key priority of the European Union to boost the bloc's economy, top EU officials said on Tuesday, pushing for a deal that has been fiercely opposed by Germany. A common bank supervisor and a bank resolution fund have already been established but the third pillar of the project, the...

  • *Gold edges higher after sliding 1 pct on Monday. LONDON, Dec 15- Gold rose on Tuesday as a retreat in the dollar sparked a rebound after the previous day's 1 percent slide, but moves were muted as traders awaited the outcome of this week's Federal Reserve policy meeting. Gold has fallen 10 percent this year, largely on the back of expectations that the Fed is set to hike...

  • As China's economy registers its slowest growth in a quarter-century, non-performing loans among the country's commercial banks may rise to 2 percent of outstanding loans next year according to a report by a Bank of China institute, from 1.59 percent as of end-September, as borrowers struggle to repay their debt. In a statement sent to Reuters, Huarong said it...

  • WASHINGTON, Dec 15- Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and near zero rates. If she is wrong, the Fed could join the European Central Bank and the central banks of Sweden, Israel and Canada, which have...

  • Potential banana skin for the banking industry? Monday, 14 Dec 2015 | 10:52 PM ET
    Potential banana skin for the banking industry?

    Dominic Nixon, global financial services risk leader at PWC, explains survey findings that identify the top risks facing the banking industry.

  • TOKYO, Dec 15- Asian shares steadied in cautious early trade on Tuesday, as investors were reluctant to make any big moves amid volatile crude oil and before a widely anticipated U.S. interest rate increase by the Federal Reserve later this week. Markets were also focused on whether the People's Bank of China would continue to guide its currency lower, with...

  • *Yuan weakens further after China launches trade-weighted index. NEW YORK, Dec 14- The dollar edged higher on Monday, helped by a recovery in oil, although nervousness about what the Federal Reserve will say in its post-meeting statement after a widely expected rate hike limited the greenback's upside. "Oil is certainly a factor, up nearly 2 percent, but I just think...

  • NEW YORK/ LONDON, Dec 14- Gold fell 1 percent on Monday ahead of a Federal Reserve policy meeting this week, which is expected to announce the first interest rate rise in nearly a decade. Spot gold eased 0.8 percent to $1,065.10 an ounce at 2:56 p.m. EST, while U.S. gold futures for February delivery settled 1.1 percent lower at $1,063.40 an ounce.

  • ‘The Big Short’ is actually pretty funny Monday, 14 Dec 2015 | 12:21 PM ET
    The Big Short movie

    Adam McKay pulls off “The Big Short” as a comedy, says former hedge-fund trader Turney Duff. At times, he says, it was like watching a hip-hop video!

  • NEW YORK/ SAN FRANCISCO, Dec 14- Once the Federal Reserve lifts interest rates from near zero, likely this week, the focus will turn to the other legacy of the crisis-era policies: the Fed's bloated balance sheet. The prevailing view is that the U.S. central bank's $4.5 trillion portfolio, swollen by bond purchases aimed at stimulating the economy, will have to shrink...

  • Dec 14- Wells Fargo& Co's head of corporate banking has warned of stresses in the bank's energy portfolio and said the slump in oil prices "feels deeper and broader and could last longer," the Financial Times reported on Monday. Wells Fargo has the largest exposure to oil and gas industry among the big U.S. banks, with its lending to the energy industry, accounting for...

  • Wells Fargo warns of 'stresses' in its energy portfolio

    The ongoing slump in oil prices begins to weigh heavily on services and producers.

  • A rate hike could boost this sector Monday, 14 Dec 2015 | 11:06 AM ET
    Pedestrians walk in front of a Citibank branch in New York.

    In the past, this sector has underperformed the market when the Fed raised rates. Here's why things could be different this time, says Sam Stovall.

  • DUBAI/ TOKYO, Dec 14- Foreign banks are regaining lost ground in the Gulf's financial sector, stealing a march on local lenders as they grapple with job cuts and a liquidity squeeze caused by the plunging oil price. "The recent changes in liquidity and pricing have probably leveled the playing field more equally between the local and international banks," said...

  • Wells Fargo's head of corporate banking warned of "stresses" in its energy portfolio, as the slump in oil begins to weigh on servicers and producers.

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