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  • *Brent crude drops below $40 a barrel. NEW YORK, March 14- A gauge of stocks across the globe ticked up on Monday, with Wall Street buoyed by consumer stocks and Europe up on a positive view of the auto industry. Oil prices fell as Iran dashed hopes of a coordinated production freeze any time soon, returning the focus to the crude supply glut that has sent prices crashing.

  • SAO PAULO, March 14- Banco Santander Brasil on Monday completed its 150 million reais acquisition of prepaid payment card company ContaSuper, which the bank plans to turn into its digital arm. ContaSuper, a startup founded by Brazilians Marcio Salomao and Alfredo Moraes, has 360,000 clients and could reach up to 1 million this year, Chief Executive Ezequiel...

  • *Brent crude drops below $40 a barrel. NEW YORK, March 14- A gauge of stocks across the globe ticked up on Monday, with Wall Street shares again tracking the price of oil lower and Europe up on bets banks will benefit from monetary policy. "You have a little pullback this morning and I don't see it as anything more than that, unless something material, i.e. the Fed goes back...

  • U.S. Federal Reserve Chair, Janet Yellen (l), ECB President, Mario Draghi (c) and Bank of Japan Governor Haruhiko Kuroda (r).

    After the ECB's bumper stimulus package last week, investors will be closely following central bank speak this week, with five major policy decisions expected.

  • The European Central Bank in Frankfurt, Germany

    Central banks can't depend on rate cuts alone to stimulate growth, says Marc Bushallow. This is what the global economy really needs.

  • DHAKA, March 14- Bangladesh's Finance Ministry will make a major announcement on Tuesday about the central bank, a ministry spokesman said on Monday, after cyber criminals stole $81 million in one of the largest bank heists in history. Muhith did not specify what the statement would say, but has expressed unhappiness that Bangladesh Bank did not inform him about...

  • LONDON, March 14- Gold steadied on Monday, paring earlier gains as stock markets and the dollar gained, with moves muted ahead of closely watched policy meetings of U.S. and Japanese central banks this week. The metal, which is highly sensitive to monetary policy and resulting currency moves, bounced to a 13- month high on Friday after the European Central Bank...

  • ALMATY, March 14- Kazakhstan's second-largest lender by assets, Halyk Bank, warned investors its net income and dividend payout may fall sharply this year due to a depreciation of the tenge currency and a slowdown in the oil-dominated economy. The bank said on Monday it expected its net income to drop to 60- 80 billion tenge this year from 120 billion tenge in 2015..

  • NEW YORK, March 14- The dollar rose on Monday in tight trading, adding to Friday's gains against the euro and other European currencies as investors pursued riskier European assets and awaited a packed slate of upcoming central bank meetings this week. "It seems like the market has sort of stabilized itself in the former trading range we had before Draghi made the...

  • CAIRO, March 14- Egypt's 5- year and 10- year treasury bond yields jumped at Monday's auction, data from the central bank showed, hours after the central bank devalued the pound in a special foreign currency auction, as bankers expect an imminent rate hike. Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate...

  • FRANKFURT, March 14- Britain's' special status' deal with the European Union, aimed in part at securing London's future as a financial centre, could ultimately bolster the power of the European Central Bank, the chairman of Royal Bank of Scotland said on Monday. The arrangement allows Britain to tweak EU rules, eroding the power of the European Banking Authority, a...

  • Goldman Sachs headquarters in New York City.

    Raj Mahajan achieved a rare when he rejoined Goldman Sachs last year with the coveted title of partner. Then he got to work on fixing the pipes.

  • LONDON, March 14- European equities extended gains on Monday following funding plans from the ECB for the region's lenders, with autos gaining on the sector's positive outlook and Italian banks rising on the prospect of a possible rescue deal. "Demand so far this year has been better than expected in Europe, while volumes in the U.S. and China continue to hold up...

  • DUBAI, March 14- Saudi Arabian Monetary Agency Governor Fahad al-Mubarak said he was committed to maintaining monetary policy to keep the kingdom's decades-long currency peg of 3.75 riyals per dollar in comments published on the central bank website on Monday. Currency speculators have put pressure on the riyal in recent months because of the impact of...

  • CAIRO, March 14- Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy in an effort to rebalance markets and ease a foreign exchange shortage that had stifled business activity and hit confidence. Egypt devalued the pound to 8.85 per dollar from 7.73 and simultaneously pumped nearly $200 million into...

  • LONDON, March 14- Currency markets were off to a relatively quiet start on Monday, stabilising after last week's wild swings, as investors geared up for Japanese and U.S. central bank policy meetings that could offer them fresh direction. There are also interest rate decisions from the Swiss, Australian and Norwegian central banks this week along with the Bank of...

  • *Italian banks lead Europe shares higher. *Asia shares gain, investors eye central bank meetings. LONDON, March 14- Shares rose in Europe and Asia on Monday, adding to gains chalked up in the wake of last week's stimulus package from the European Central Bank, as investors turned their attention to policy decisions from the Bank of Japan and Federal Reserve.

  • LONDON, March 14- European shares rose on Monday as funding plans from the European Central Bank for the region's lenders buoyed markets, while Italian banking stocks surged on the prospect of a possible rescue deal. Germany's DAX also rose 1.9 percent to climb back over the 10,000 points mark- a key level for many technical traders- for the first time since...

  • LONDON, March 14- European shares rose on Monday, extending gains made in the previous session and with banking stocks among the top performers, as funding plans from the European Central Bank buoyed the sector. Analysts said euro zone banks in the so-called "peripheral" nations of Italy, Spain and Portugal were continuing to rally on the ECB's plans for a new round...

  • ALMATY, March 14- Kazakhstan's Halyk Bank, the central Asian nation's second-largest lender by assets, reported a 5.2 percent rise in 2015 net income on Monday, partly driven by a devaluation of the tenge currency and higher interest rates. The bank said in a statement its net profit rose to 120.3 billion tenge from 114.4 billion tenge a year earlier, beating its...

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