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  • TOKYO, Dec 16- U.S. oil prices fell in Asian trade on Wednesday, snapping two days of gains that pulled crude back from testing 11- year lows, as investors awaited the outcome of a Federal Reserve meeting that will likely raise interest rates. West Texas Intermediate fell 50 cents to $36.85 a barrel by 0048 GMT after rising more than $1 on Tuesday.

  • SINGAPORE, Dec 16- Gold drifted in a narrow range on Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting at which the U.S. central bank is expected to raise rates for the first time in nearly a decade. *Spot gold edged up 0.2 percent to $1,062.40 an ounce by 0043 GMT, after closing lower in the last two sessions. It is to be followed by a news...

  • FOREX-Dollar firms as markets count down to Fed Tuesday, 15 Dec 2015 | 6:01 PM ET

    SYDNEY, Dec 16- The dollar was broadly firmer early on Wednesday, having bounced on the back of higher Treasury yields as the market counts down the hours to a likely hike in U.S. interest rates. "If ever there was going to be a day of twiddling thumbs ahead of key event risk, surely today is the day," said Ray Attrill, global co-head of FX strategy at National Australia Bank.

  • *3 M falls after forecast cut. *Valeant up on distribution deal with Walgreens. JPMorgan, Morgan Stanley, Citigroup and Bank of America were each up more than 2.7 percent.

  • NEW YORK, Dec 15- U.S. Treasuries prices fell on Tuesday as gains on Wall Street reduced the appeal of safe-haven bonds and stable consumer prices supported views that the Federal Reserve will raise interest rates on Wednesday. "The upbeat CPI report is leading Treasuries given that inflation is one of the key variable that will drive the evolution of the...

  • *3 M falls after forecast cut. *Valeant up on distribution deal with Walgreens. JPMorgan, Morgan Stanley, Citigroup and Bank of America were each up more than 3 percent.

  • BUENOS AIRES, Dec 15- Argentina's central bank has clinched deals with its trading exchanges to limit its losses on controversial U.S. dollar futures contracts once it starts devaluing the peso, a senior source at the monetary authority told Reuters on Tuesday. Under new chief Federico Sturzenegger, the central bank had been considering not even recognizing...

  • OTTAWA, Dec 15- Bank of Canada Governor Stephen Poloz signaled clearly to markets on Tuesday not to expect him to match potential rate hikes by the U.S. His comments on monetary policy, critical as the Fed prepares possibly to raise rates on Wednesday, came at a news conference about a Bank of Canada report on Canada's financial system. A key difference between the...

  • ROME, Dec 15- Italian Prime Minister Matteo Renzi faced a mounting furore on Tuesday and a motion of no confidence in parliament over the rescue of four banks that wiped out the savings of thousands of retail investors. Italy saved Banca Marche, Banca Etruria, CariChieti and CariFe at the end of November, drawing 3.6 billion euros from a crisis fund financed by the...

  • WASHINGTON, Dec 15- Eight years after a devastating recession opened an era of loose U.S. monetary policy, the Federal Reserve on Tuesday began a two-day meeting at which it is expected to turn in the other direction and raise rates in an increasingly normal economy. It is to be followed by a news conference by Fed Chair Janet Yellen to elaborate on the central...

  • LONDON, Dec 15- The European Banking Authority gave banks in the European Union more flexibility than anticipated in how to manage their exposure to shadow banking, in final guidelines published on Tuesday, and delayed the start date by a year to 2017.. Regulators worry that risks will shift from mainstream lenders to the more opaque "shadow banks" like money...

  • WASHINGTON, Dec 15- Underlying U.S. 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 consumer prices in check. The Labor Department said on Tuesday its so-called core Consumer Price Index, which excludes food and energy,...

  • 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...

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