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  • NEW YORK, July 28- The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday. "Anybody who bought euros amid the 1 percent rally yesterday is likely to take some money off the...

  • LONDON, July 28- Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans at knockdown prices. New York- based Cerberus Capital Management has bought more than 27 billion euros of European loans in the last 2-1/ 2 years, acting along with rivals...

  • LONDON, July 28- Gold edged higher on Tuesday but remained near 5-1/ 2- year lows as markets braced for this week's two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase. Gold hit a low of $1,077 on Friday, its cheapest since early 2010, in a fifth week of losses. "Gold is treading water despite a...

  • LONDON, July 28- The dollar rose from a two-week low against the yen on Tuesday, as investors brushed off China's stock market rout and focused instead on the possibility of a 2015 U.S. interest rate rike ahead of the start of a Federal Reserve meeting. The dollar gained a third of a percent to 123.66 yen, up from its low of 123.01 yen on Monday. "We're in for a little bit of a...

  • This is the top credit risk for Asian banks

    Eugene Tarzimanov, VP and senior credit officer at Moody's Investors Service, explains why the unwinding of asset bubbles is the biggest risk for Asian banks in the months ahead, followed by China's slowdown.

  • SHANGHAI, July 28- China's central bank will inject 50 billion yuan into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. On Monday, China's benchmark CSI 300 equity index fell 8.5 percent, reversing a government-engineered recovery since in July. The People's Bank of China injected a net 30 billion yuan into the...

  • SHANGHAI, July 28- China's central bank will inject 50 billion yuan into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. On Monday, China's benchmark CSI 300 equity index fell 8.5 percent, reversing a government-engineered recovery since in July. The People's Bank of China injected a net 30 billion yuan into the...

  • WASHINGTON— The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. "Our economy is in a much better state," Yellen told Congress earlier this month. The economy still faces an array of threats, from subpar U.S. manufacturing and business investment to troubles in Europe and Asia, which have roiled...

  • American businesses need the Export-Import Bank Monday, 27 Jul 2015 | 10:45 AM ET
    Fred Hochberg and Penny Pritzker

    The Commerce Secretary and head of the Export-Important Bank urge Congress to put U.S. businesses first and reauthorize the bank.

  • July 27- The China Securities Financial Corporation has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilise the stock market, three people in the banking industry with direct knowledge told Reuters. News of the move helps explain why Chinese stock markets fell sharply again late on Monday- marking their worst...

  • SHANGHAI, July 27- The China Securities Financial Corporation returned some of the funds it borrowed from commercial banks intended to stabilise the stock market ahead of schedule, three people in the banking industry with direct knowledge told Reuters. The news comes after Chinese markets posted their worst performance since 2007 on Monday, as investors...

  • Opus Bank posts 2Q profit Monday, 27 Jul 2015 | 7:09 AM ET

    IRVINE, Calif. _ Opus Bank on Monday reported second-quarter earnings of $17.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Opus Bank shares have increased 33 percent since the beginning of the year.

  • Time to buy banks? Monday, 27 Jul 2015 | 5:30 AM ET
    Time to buy banks?

    Chris Wheeler, U.S. banks analyst at Atlantic Equities, discusses which banks have high exposure to volatile China.

  • FRANKFURT, July 27- Bank lending across the euro zone improved further in June as home buyers dashed for cheap loans and brushed off uncertainty over Greece, European Central Bank data showed on Monday. The latest data suggests consumers have largely ignored political troubles in Greece, which had closed down its banks and came close to falling out of the...

  • There's no competition in high street forex: CEO Monday, 27 Jul 2015 | 3:50 AM ET
    There's no competition in high street forex: CEO

    Kristo Käärmann, CEO and co-founder at Transferwise, talks about the fees banks charge for foreign currency and explains how his company reduces these costs.

  • SYDNEY/ HONG KONG, July 27- Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Financial spreadbetters expected Britain's FTSE 100 0.3 percent lower, Germany's to open 0.4 percent down, and...

  • UBS CEO: Why we released our results early Monday, 27 Jul 2015 | 1:30 AM ET
    UBS CEO: Why we released our results early

    Sergio Ermotti, CEO of UBS, discusses the company's decision to publish its earnings early following a report in a Swiss newspaper.

  • DBS CEO: Happy with Q2 results Monday, 27 Jul 2015 | 12:33 AM ET
    DBS CEO: Happy with Q2 earnings

    Piyush Gupta, CEO of DBS, attributes the upbeat second-quarter results to factors such as higher interest rates margin. He later explains why Asia's economic challenges have been "over-exaggerated."

  • UBS Group CEO, Sergio Ermotti

    Swiss lender UBS saw its profits soar over 50 percent in the second quarter compared to last year, after the bank reported earnings a day early.

  • SHANGHAI, July 27- China's yuan was flat against the dollar on Monday after the central bank set the official guidance rate almost unchanged, sending a message that monetary authorities wish to see the currency steady for the moment, traders said. The People's Bank of China set the midpoint rate at 6.1176 per dollar prior to market open, effectively flat at 0.01...

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