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  • LONDON, Oct 23- Britain's Lloyds Banking Group has failed in an attempt to strike out a key allegation by a group of investors, suing it for allegedly misleading them in the run-up to its acquisition of Halifax Bank of Scotland in January 2009. The Lloyds Shareholder Action Group, including 5,700 private investors and 300 financial institutions such as pension...

  • *China steps up stimulus program. The People's Bank of China said it was lowering its one-year benchmark bank lending rate by 25 basis points to 4.35 percent as part of China's most aggressive monetary-easing policy since the 2008-2009 global financial crisis. China's easing announcement, coming just a day after the European Central Bank signaled it is ready...

  • BEIJING, Oct 23- China's central bank cut interest rates on Friday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy. Yet underscoring China's drive to deepen financial reforms, which many believe are necessary to invigorate the economy, the People's...

  • LONDON, Oct 23- Emerging market stocks were on track for their fourth week of gains on Friday, lifted by expectations of more stimulus from the European Central Bank and by further Chinese easing. MSCI's emerging market stock index snapped a three-day losing streak to rise 1.4 percent to the highest in more than two months, reflecting gains around the globe.

  • JPMorgan fires cheaters Friday, 23 Oct 2015 | 7:00 AM ET
    JPMorgan fires cheaters

    JPMorgan laying off 12 junior bankers for cheating on accounting tests.

  • BEIJING, Oct 23- China's central bank on Friday cut interest rates and lowered the amount of cash banks must hold as reserves, besides freeing up deposit rates, after reporting this week its slowest quarterly economic growth since the global financial crisis. The central bank also said China's inflation stayed on a lower level overall, leaving some room for a...

  • LONDON, Oct 23- World stocks soared again on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signalled that it is ready to increase the scale of its stimulus measures. The FTSEurofirst was up 2 percent ahead of U.S. trading and added to what was always going to be a fourth straight week of gains for MSCI's...

  • BEIJING, Oct 23- China's central bank cut interest rates for the sixth time since November on Friday, and it again lowered the amount of cash that banks must hold as reserves in another attempt to jumpstart a slowing economy. China's monetary policy easing is at its most aggressive since the 2008/ 09 global financial crisis, underscoring concerns within Beijing...

  • UPDATE 1-Markets cheer China rate cut Friday, 23 Oct 2015 | 8:07 AM ET

    LONDON, Oct 23- European shares turned higher and the Chinese offshore yuan fell against the dollar on Friday after China cut deposit and lending rates to ease monetary policy in the face of slowing growth. Comments by European Central Bank chief Mario Draghi on Thursday pointed to potentially more policy easing in future. For markets, this is a risk-positive...

  • BEIJING, Oct 23- China's central bank on Friday cut the reserve requirement ratio for all banks, for the fourth time this year, while also lowering the interest rate, in a bid to lift a sagging economy. The People's Bank of China said it would cut the RRR by 50 basis points for all banks, taking the ratio to 17.5 percent for the country's biggest lenders.

  • RPT- CHINA C.BANK SAYS CUTS RESERVE REQUIREMENT RESERVE RATIO FOR MOST BIG BANKS TO 17.5 PCT.

  • RPT- CHINA C.BANK SAYS BANKS' RESERVE REQUIREMENT RATIO CUT EFFECTIVE AS OF 24 OCT.

  • RPT- CHINA CENTRAL BANKS SAYS TO INCREASE REGULATION OF INTEREST RATES.

  • RPT- CHINA CENTRAL BANKS SAYS TO LIBERALISE DEPOSIT RATES FOR COMMERCIAL BANKS AND CREDIT COOPERATIVES.

  • CORRECTED- CHINA C.BANK CUTS BANKS' RESERVE REQUIREMENT RESERVE RATIO BY 50 BPS.

  • BEIJING, Oct 23- China's central bank cut interest rates for the sixth time since November on Friday in another attempt to jumpstart a slowing economy. The People's Bank of China said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.35 percent, effective from Oct. 24. China has pursued its most aggressive policy...

  • PRAGUE/ WARSAW, Oct 23- The zloty gained on Friday on rising risk appetite after the European Central Bank signalled it could unveil more stimulus measures by the end of the year, taking heat off the Polish currency before a national election over the weekend. Markets have also taken relief in the ECB's latest signals it may launch new measures or expand its 60...

  • FOREX-Euro flat but shaky after ECB ambush Friday, 23 Oct 2015 | 4:33 AM ET

    LONDON, Oct 23- The euro hovered just above two-month lows on Friday, still struggling after a series of signals on likely further action by the European Central Bank drove the single currency's biggest one-day fall since January a day earlier. Banks including Goldman Sachs and the currency market's second biggest global player, Deutsche Bank, who have been...

  • MOSCOW, Oct 23- Russian Central Bank First Deputy Governor Dmitry Tulin said on Friday that inflationary expectations remained high and that price stability was the main goal of the bank's monetary policy.

  • Sberbank CEO presents a new strategy in London Friday, 23 Oct 2015 | 2:30 AM ET
    Sberbank CEO presents a new strategy in London

    Herman Gref, CEO of Sberbank, says the company will have to decrease its expenditure and that it is under attack from new businesses and regulations.

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