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  • *Oil pares gains, U.S. crude dips below $40. NEW YORK, Nov 18- U.S. stocks strengthened and long-dated Treasury prices cut losses on Wednesday after minutes from the most recent Federal Reserve policy meeting showed a core of officials backed a possible rate hike in December. "I think the market is ready and comfortable for an increasing Fed funds rates," said Alan...

  • *Silver hit 2-1/ 2- month low, platinum at 7- year lows. *Gold prices come off lows after Federal Reserve minutes. NEW YORK/ LONDON, Nov 18- Gold prices inched higher after tapping a nearly six-year low on Wednesday as the market reacted to the minutes of a recent U.S.

  • *Qualcomm, Target drag on S&P. Nov 18- The S&P 500 hit a session high on Wednesday after minutes from the Federal Reserve October meeting showed a solid core of officials rallied behind a possible December rate hike. "I think the market is ready and comfortable for an increasing Fed funds rate," said Alan Rechtschaffen, portfolio manager at UBS Wealth Management...

  • WASHINGTON, Nov 18- A solid core of Federal Reserve officials rallied behind a possible December rate hike at the central bank's last policy meeting, but central bankers also debated evidence the U.S. economy's long-term potential may have permanently shifted lower. After a summer and early fall that saw the Fed rattled by U.S. market volatility and a sell-off...

  • NEW YORK, Nov 18- Federal Reserve officials on Wednesday continued to flag December as a possible time to raise interest rates after seven years near zero, with two expressing confidence they will be able to pull it off smoothly despite fears of an abrupt market reaction. Cleveland Fed President Loretta Mester repeated her position that the U.S. economy is now...

  • Barclays to pay $150M more in forex probe Wednesday, 18 Nov 2015 | 10:40 AM ET

    Barclays will pay an additional $150 million penalty to New York State's financial regulator, the NYDFS said on Wednesday.

  • Baidu launches online bank to rival Alibaba, Tencent Wednesday, 18 Nov 2015 | 10:00 AM ET
    Baidu launches online bank to rival Alibaba, Tencent

    Chinese Internet companies are entering China's financial services market.

  • Baidu launches online bank to take on Alibaba, Tencent Wednesday, 18 Nov 2015 | 6:29 AM ET

    Internet giant Baidu has partnered with Citic Bank to launch an online bank, as it looks to rivals Tencent and Alibaba.

  • BEIJING, Nov 18- Three Chinese central bank officials were given administrative warnings after investigators found their division had padded salaries and misused official vehicles, the Communist Party's corruption watchdog said on Wednesday. The three all work for the People's Bank of China's credit reference centre, and included its Communist Party...

  • *Central bank gives' window guidance' from Friday- trade source. SHANGHAI, Nov 18- China has moved to restrict trade at offshore yuan clearing banks, sources told Reuters on Wednesday, stepping up capital controls even as Beijing positions its currency for inclusion in the International Monetary Fund's reserve basket. The move suggests Chinese regulators still...

  • Three China central bank officials punished for graft Wednesday, 18 Nov 2015 | 4:35 AM ET

    BEIJING, Nov 18- Three officials of China's central bank, the People's Bank of China, have been given administrative warnings for contravening government anti-graft rules, the Communist Party's corruption watchdog said on Wednesday.

  • SHANGHAI, Nov 18- Offshore yuan clearing banks and related offshore participant banks have had their trading in bond repos and account finance suspended by the central bank, people with direct knowledge of the matter told Reuters. That move would limit the transfer of funds outside of the country, restricting capital outflows and contributing to holding the...

  • BEIJING, Nov 18- China's commercial banks sold a net $20.1 billion in foreign exchange settlements in October, the country's foreign exchange regulator said on Wednesday, falling sharply from September's $109.2 billion amid signs of easing capital outflows. Capital outflows eased in October as the domestic stock market recovered after a crash over the...

  • CHINA'S COMMERCIAL BANKS' NET FOREX SALES $20.1 BLN IN. BEIJING, Nov 18- China's commercial banks sold a net $20.1 billion of foreign exchange in October settlements, the foreign exchange regulator said on Wednesday, compared with $109.2 billion in September. Capital outflows eased in October as the domestic stock market recovered after a crash over the summer...

  • VTB Bank: Russia sanctions losing their bite Tuesday, 17 Nov 2015 | 9:14 PM ET

    VTB Bank handily beat earnings forecasts in the third quarter, as Western countries' sanctions begin to lose their bite, the bank's chairman told CNBC.

  • Barclays faces another heavy forex fine Tuesday, 17 Nov 2015 | 7:57 PM ET

    The looming penalty comes as US agencies' far-reaching forex probe also pursues fresh claims against Deutsche Bank, the FT reports.

  • DIARY-Top Economic Events to Nov 30 Tuesday, 17 Nov 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley and Federal Reserve Bank of Atlanta President Dennis Lockhart participate in "Federal Reserve Perspectives" discussion before the Clearing House Annual Conference- 1300 GMT. NEW YORK- Bank of England Executive Director for...

  • WASHINGTON, Nov 17- The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would "severely damage" the U.S. economy. The Obama administration opposes the proposal because it would hinder the Fed's ability to help the economy,...

  • NEW YORK, Nov 17- Gregory Peters, who helps manage more than $565 billion of assets at Prudential Fixed Income, said he is favoring investment-grade financial sector bonds and higher-quality junk bonds, as the Federal Reserve prepares to end its long tease of the markets and raise benchmark interest rates. Peters, a senior investment officer who runs the...

  • Wells Fargo taps Tim Sloan for president, COO Tuesday, 17 Nov 2015 | 5:13 PM ET
    Wells Fargo Bank in San Francisco.

    Tim Sloan was previously the head of wholesale banking, which he will continue to oversee in his new role as president.

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