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  • *Dollar on best winning streak in daily terms since 2012. LONDON, Feb 15- The dollar ground out an 11th straight daily rise on Wednesday, as investors' focus moved to inflation data in the United States for more support for the idea of a rise in Federal Reserve interest rates next month. Fed chief Janet Yellen testifies for a second day in Congress after spurring more...

  • PARIS, Feb 15- Credit Agricole exceeded market forecasts on Wednesday, despite a 491 million euro writedown causing a sharp fall in the French bank's fourth quarter profit. The bank is the latest in France to report falling retail banking revenues, as lenders grapple with mortgage loan renegotiations and declining fee income. "There is nothing specific to LCL...

  • LONDON, Feb 15- European shares rose in early trade on Wednesday as French lender Credit Agricole led banking stocks higher and earnings provided a boost. Shares in Credit Agricole 3.2 percent after France's biggest retail bank beat forecasts with a smaller than expected earnings drop in the fourth quarter. Federal Reserve Chair Janet Yellen on Tuesday, who...

  • Feb 15- Hong Kong stocks hit a five-month high on Wednesday, after Federal Reserve Chair Janet Yellen's comments on the U.S. economy and rising interest rate hike expectations sent Wall Street to record highs. Alex Wong, Hong Kong- based director of Ample Finance Group, said higher rates would benefit banks, while hurting profitability of real estate plays due to...

  • BEIJING, Feb 15- China's central bank said on Wednesday it lent 393.5 billion yuan to 22 financial institutions via its medium-term lending facility. Interest rates on the MLF loans were unchanged at 2.95 percent for six-month loans and 3.1 percent for one-year loans, the People's Bank of China said on its official weibo account. The central bank lent 150...

  • But Credit Agricole, France's biggest retail bank, beat forecasts with a smaller than expected earnings drop in the fourth quarter.

  • PARIS, Feb 15- Credit Agricole, France's biggest retail bank, beat forecasts with a smaller than expected earnings drop in the fourth quarter after it booked a writedown on the value of its French retail unit, blaming a low interest rate environment. Credit Agricole is the last in a row of France's biggest banks to report about a challenging year for the retail...

  • ABN AMRO CEO Kees van Dijkhuizen discusses his company's latest earnings results.

  • TOKYO, Feb 15- Asian stocks scaled 19- month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs. Spreadbetters saw the boon for equities continuing in Europe, predicting a higher open for Britain's FTSE, Germany's...

  • PARIS, Feb 15- Credit Agricole, France's biggest retail bank, beat forecasts with a smaller than expected earnings drop in the fourth quarter after it booked a writedown on the value of its French retail unit, blaming a low interest rate environment. Credit Agricole's fourth-quarter net income fell to 291 million euros versus 882 million a year ago, although the...

  • SHANGHAI, Feb 15- China's yuan weakened slightly against the dollar on Wednesday, but interbank money rates surged after the central bank drained funds for a third straight day in a further sign of policy tightening. The People's Bank of China set the midpoint at 6.8632 per dollar prior to the market open, firmer than the previous fix of 6.8806.

  • TOKYO, Feb 15- The dollar held gains near a 3-1/ 2- week high on Wednesday after Federal Reserve Chair Janet Yellen signalled a faster pace of U.S. interest rate hikes. Yellen told the U.S. Senate Banking Committee the central bank will likely need to raise interest rates at one of its upcoming meetings, although she expressed caution amid considerable uncertainty...

  • TOKYO, Feb 15- Asian stocks scaled 19- month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate hike next month, keeping the dollar in pole position near three-week highs. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.8 percent, rising to its highest...

  • NPLs will be reduced by year-end: Bank Mandiri CFO

    Pahala Mansury, CFO of Bank Mandiri, says 2017 will be a better year for the bank when it comes to tackling the level of non-performing loans.

  • TOKYO, Feb 15- Japanese stocks rose on Wednesday morning as the dollar jumped after U.S. Yellen told the U.S. Senate Banking Committee the central bank will likely need to raise interest rates at one of its upcoming meetings. "The market takes heart from Yellen's comment and such positive sentiment will likely last throughout the day," said Takuya Takahashi, a...

  • *New loans 2nd highest on record at 2.03 trillion yuan. BEIJING, Feb 14- Chinese banks kept up a strong pace of lending at the start of the year, even with signs of tightening by the central bank, highlighting the challenge Beijing faces as it tries to deflate asset bubbles without risking a blow to economic activity. "This is not across the board or broad tightening...

  • Federal Reserve Chair Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank. *Spot gold fell 0.24 percent, to $1,225.20 per ounce at 0046 GMT, while U.S. gold futures were up 0.11 percent, to $1,226.7. *Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson& Co reduced its stake in SPDR Gold Trust GLD.P, as...

  • Softbank is reinventing the wheel: Expert

    Jesper Koll, CEO of WisdomTree Japan KK, says Softbank is leapfrogging into the asset management space.

  • TOKYO, Feb 15- Asian stocks rose early on Wednesday as Wall Street set record highs overnight after Federal Reserve Chair Janet Yellen spoke in support of an interest rate hike next month, while the dollar hovered near three-week highs. Yellen's comments boosted U.S. bank stocks, helping push Wall Street indexes to record highs overnight. The rise in U.S. stocks...

  • NEW YORK- Federal Reserve Bank of New York President William Dudley participates in a fireside chat before the Cornell College of Business Annual New York City Predictions Event organized by the Cornell College of Business and the Johnson Club of New York City- 0015 GMT. WASHINGTON- Federal Reserve Chair Janet Yellen delivers semiannual monetary testimony...

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