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  • TOKYO, March 30- The dollar hovered near a one-week high against a basket of currencies on Thursday, buoyed by a weaker euro which sagged as prospects of the European Central Bank stepping away from monetary easing faded. The common currency had dropped about 0.5 percent overnight following a report by Reuters that European Central Bank policymakers were wary...

  • ZAGREB- The central bank governors of Croatia, Slovenia, Macedonia, Kosovo, Bosnia and Montenegro will participate in a conference focused on benefits the euro could have on the local economies 2100 GMT. FRANKFURT- Deutsche Bundesbank Executive Board member Andreas Dombret will deliver speech on German banking sector at Frankfurt School of Finance&...

  • ZAGREB- The central bank governors of Croatia, Slovenia, Macedonia, Kosovo, Bosnia and Montenegro will participate in a conference focused on benefits the euro could have on the local economies 2100 GMT. FRANKFURT- Deutsche Bundesbank Executive Board member Andreas Dombret will deliver speech on German banking sector at Frankfurt School of Finance&...

  • Visitors pass a sign as they exit the Bank of America Merrill Lynch Financial Centre in London, U.K.

    Andy Sieg, head of Merrill Lynch Wealth Management, said the changes "will help us operate more effectively as a business."

  • InvestaBank halted the deal, announced at the end of October, after Carlos Djemal, a 25 percent stakeholder, was arrested in the United States and accused of laundering more than $100 million. Edgar Bonilla, vice president of legal affairs for the National Banking and Securities Commission, said in an interview that during the inspection of the bank, the...

  • NEW YORK, March 29- Stocks rose slightly on Wall Street on Wednesday, just enough to buoy a global equities index, while crude futures hit a week high after a smaller-than-expected build in U.S. inventories. Chicago Fed President Charles Evans said he favors further rate hikes this year, while Boston Fed President Eric Rosengren said the Fed should raise rates...

  • ABUJA, March 29- Nigeria's central bank has approved a licence for the Development Bank of Nigeria, the finance ministry said on Wednesday. The development bank has $1.3 billion in seed money provided by the World Bank, African Development Bank and German state bank Kfw, the finance ministry said on its Twitter feed. The ministry has previously said that 50...

  • ABUJA, March 29- Nigeria's central bank has approved a license for the Development Bank of Nigeria, the finance ministry said on Wednesday. The development bank has $1.3 billion in seed money provided by the World Bank, African Development Bank and German state bank Kfw, the finance ministry said on its Twitter feed. The ministry has previously said that 50...

  • *Charged with being part of scheme to breach Iran sanctions. ISTANBUL, March 29- Shares of Turkish state lender Halkbank suffered their biggest one-day fall on Wednesday after U.S. prosecutors charged a senior executive with participating in a multi-year scheme to violate sanctions against Iran. Halkbank, Turkey's fifth-largest listed bank by assets,...

  • ABUJA, March 29- Nigeria's central bank has approved a licence for the Development Bank of Nigeria, the finance ministry said on Wednesday. The bank aims to support small-scale businesses as the country contends with its first recession in 25 years. It has a commitment from the World Bank for $1.3 billion in seed money.

  • ABUJA, March 29- Nigeria's central bank has approved a license for the Development Bank of Nigeria, the finance ministry said on Wednesday. The bank aims to support small-scale businesses as the country contends with its first recession in 25 years. It has a commitment from the World Bank for $1.3 billion in seed money.

  • LONDON, March 29- Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday. Investments banks Goldman Sachs and Nomura were among those who sent messages to employees in London, Europe's...

  • SAO PAULO/ BRASILIA, March 29- Brazilian banks set aside a record amount of capital to cover bad loans in February, the central bank said on Wednesday, signaling caution as Latin America's largest economy struggles to emerge from its worst recession on record. Loan loss provisions averaged the equivalent of 6.9 percent of Brazil's outstanding bank loans last...

  • *Charged with being part of scheme to breach Iran sanctions. ISTANBUL, March 29- Shares of Turkish state lender Halkbank were heading on Wednesday for their biggest one-day fall after U.S. prosecutors charged a senior executive with participating in a multi-year scheme to violate sanctions against Iran. Halkbank, Turkey's fifth-largest listed bank by assets,...

  • Bill Ackman at the New York Stock Exchange.

    Ackman's Pershing Square Holdings saw returns for its main fund tumble 13.5 percent net of fees in 2016.

  • LISBON, Portugal— Portugal's central bank has given an upbeat assessment of the country's economic outlook, with an export-driven recovery taking national output close to a pre-2008 level within two years. The Bank of Portugal revised its economic forecasts upward Wednesday. Portugal's budget deficit has also fallen to a 42- year low of 2.1 percent.

  • SHANGHAI/ BEIJING, March 29- China Construction Bank Corp, the country's second-biggest lender by assets, reported on Wednesday a slightly higher 2016 net profit amid a squeeze on bank margins. The results came a day after two other of China's leading banks, Bank of Communications and Agricultural Bank of China, reported modest profit growth as they battle the...

  • LONDON, March 29- Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday. Investments banks Goldman Sachs and Nomura were among those who sent messages to employees in London, Europe's...

  • European Central Bank chief Mario Draghi attends the Committee on Economic and Monetary Affairs at the EU headquarters in Brussels on June 21, 2016.

    One ECB source said the bank has been overinterpreted by markets at its March 9 meeting.

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