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  • MOSCOW, May 27- Sberbank Chief Executive German Gref said on Friday that people should forget about the central bank reducing its stake in Sberbank to 25 percent for the next two years. The Russian central bank holds 50 percent of the share capital plus one voting share in Sberbank, the country's largest lender. Sberbank is one of several large Russian state banks...

  • EU MEMBER STATE REGULATORS SHOULD STRESS-TEST BANKS FOR CYBER RISKS- EUROPEAN BANKING AUTHORITY CHAIRMAN.

  • WASHINGTON/ SINGAPORE, May 27- Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post. The U.S. Federal Bureau of Investigation has blamed North Korea for the attack on Sony's Hollywood studio.

  • BEIJING, May 27- China's central bank condemned two recent news reports from foreign media about the country's currency reforms and monetary policy, the People's Bank of China said on its official weibo account on Friday. The reports "fabricated facts, misled readers, misled markets," the statement said, adding the central bank would investigate taking legal...

  • *Sees value in investment grade corporate bonds in US, Europe. TOKYO, May 27- Even though the Federal Reserve is expected to raise interest rates, long-term U.S. bond yields are unlikely to rise due to China's slowdown and negative rates in Japan and Europe, the top fund manager of Invesco Ltd's $240 bln global bond funds said. Gregory McGreevey, Atlanta- based CEO of...

  • SYDNEY/ SINGAPORE, May 27- The dollar stayed in consolidation mode on Friday after its rally to two-month highs ran out of steam with bulls looking for fresh guidance from the head of the U.S. central bank. If it's all kind of planned or if it's just individual members speaking, "said Jesper Bargmann, head of trading for Nordea Bank in Singapore, referring to the Fed...

  • CAMBRIDGE, Mass.— Federal Reserve chair Janet Yellen is expected at Harvard to participate in a "conversation" about interest rates. Yellen is one of the featured speakers at Harvard's Radcliffe Day, an event that also will feature Fed predecessor and Harvard alumnus Ben Bernanke. Yellen is scheduled to chat about interest rates with Gregory Mankiw, a Harvard...

  • Members of the Young Southeast Asian Leaders Initiative greeted U.S. President Barack Obama after he spoke at an event in Ho Chi Minh City on May 25. Vietnam is a young country - the 90 million-strong population has median age of just 30.

    Customers walk into a Timo cafe and hear the espresso machines humming. They can listen to a sales pitch as they sip a free cup of coffee.

  • May 26- Here is a short recipe: Take a weakening service sector, contracting corporate profits and capital expenditure, add a Federal Reserve rate hike and stand well back. "Depending on the incoming data and the evolving risks, another rate increase may be appropriate fairly soon," Federal Reserve Governor Jerome Powell said on Thursday, becoming the latest to...

  • WASHINGTON, May 26- Hackers who stole $81 million from Bangladesh's central bank have been linked to another cyber attack, this time on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures Entertainment, cyber security company Symantec Corp said in a blog post on Thursday. If confirmed, the Philippines incident would represent the fourth known...

  • *TD says wildfire impact' less than 5 cents/ share'. TORONTO, May 26- Canada's biggest banks warned on Thursday of further losses from oil loans in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter earnings. TD's chief financial...

  • Federal Reserve Governor Jerome Powell, a voting member of the U.S. central bank's rate-setting committee, said in a speech in Washington that he felt the economy was on a "solid footing" and within reach of the Fed's inflation and employment goals. But he added that the uncertainty surrounding Britain's June 23 referendum on whether to leave the European Union...

  • NEW YORK/ LONDON, May 26- Gold lost its early gains on Thursday, hovering just above the prior session's seven-week low as the U.S. was bolstered by hawkish comments from a Federal Reserve president. A U.S. rate hike may come "fairly soon" if data confirm the economy is continuing to grow and labor markets are still tightening, said Federal Reserve Governor Jerome...

  • TORONTO, May 26- Canada's biggest banks on Thursday warned of further losses in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter results. TD Bank's Chief Financial Officer Riaz Ahmed said that despite a recent recovery in oil...

  • *STOXX up 0.1 pct after touching 4- week high in previous session. MILAN/ LONDON, May 26 (Reuters)- European shares steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular raised fears that others in the region may follow to strengthen their balance sheets. Europe's banking sector index gave up part of those...

  • Federal Reserve Chair Janet Yellen

    Market fears are being scaled back globally, and it's great news for banks in the U.S. and abroad.

  • G7 and BOJ made no progress on yen's ascent. That may force it, and other central banks, to resort to 'helicopter money,' option, says Scott Minerd.

  • *Euro hits session high of $1.1216. NEW YORK, May 26- The U.S. dollar fell against the euro, yen, and franc on Thursday after U.S. economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July. "The market is not really seeing any signs here of an improvement in business spending," said Thierry...

  • Santelli: It's all about divergence

    CNBC's Rick Santelli discusses the latest action in the bond market, central bank policy and how interest rates will behave.

  • LONDON, May 26- The central banks of Ukraine and Moldova cut interest rates on Thursday, marking an acceleration in the number of times monetary authorities around the world have eased policy in recent weeks to counter slowing growth or inflation. TURKEY May 24/ April 20/ March 24; Jan. 20. PARAGUAY May 24; June 18 1/ 8 file:/// C:/...

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