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  • *Bank of England unexpectedly holds rates, sterling leaps. NEW YORK, July 14- Two major U.S. stock indexes set fresh intraday record highs on Thursday on investors' rosy outlook for big banks' second-quarter earnings, while European shares also rose and oil prices rebounded from the previous session's bruising losses. The view that the U.S. economy is on solid...

  • LONDON, July 14- Some British businesses have said they are putting investment plans on hold after the country voted to leave the European Union last week and sterling has fallen sharply as financial markets adjust to a weaker economic outlook. A clear picture of the initial impact of the vote on the economy will not be clear until the release of economic data...

  • SEOUL, South Korea— South Korea's central bank lowered its growth outlook on Asia's fourth-largest economy on Thursday, citing Britain's decision to leave the European Union. South Korea's economy will likely expand 2.7 percent this year, compared with its April prediction of 2.8 percent, Bank of Korea said. South Korea's export to Britain is not significant...

  • *Base rate at 1.25 pct. *Rate cut expected in coming months- analysts. SEOUL, July 14- South Korea's central bank left rates unchanged as expected on Thursday, slightly downgrading its growth and inflation forecasts and propping the door open to further easing as it monitors the government's ongoing efforts to craft a supplementary budget.

  • Pro: It's a 'take a breather' day

    Alan Valdes, SilverBear Capital Senior Partner, talks about what to watch in the last half hour of trading.

  • *Index reversed gains after crude inventory data, Bank of Canada. TORONTO, July 13- Canada's main stock index turned negative on Wednesday as energy shares slumped with oil on renewed fears of a supply glut and the broader market pulled back after the Bank of Canada held interest rates steady and cut its economic outlook. The heavyweight energy group retreated...

  • Retirees looking for yield

    How retiree investors are protecting themselves right now, with Larry Glazer, Mayflower Advisors co-founder, and John Sweeney, Fidelity Investments EVP.

  • OTTAWA, July 13- The Bank of Canada cut its growth forecast for 2016 but held rates steady on Wednesday, saying exports continued to disappoint and acknowledging it may have underestimated structural challenges facing businesses. In explaining its decision to leave interest rates unchanged even as it cut its expectations for Canadian and global growth, the...

  • OTTAWA, July 13- The Bank of Canada cut its growth forecast on Wednesday as disappointing exports and global uncertainties dampened demand, and warned that while it expected business investment to rise, it may have underestimated structural challenges facing industry. In explaining its decision to hold rates steady even as it cut its 2016 GDP forecast to 1.3...

  • TOKYO, July 13- Japan's government on Wednesday cut its forecasts for consumer prices and economic growth, a blow to the Bank of Japan's ambitious project to achieve 2 percent inflation with massive purchases of government debt. The government expects consumer prices to rise 0.4 percent in the current fiscal year ending in March 2017, down from a 1.2 percent...

  • BEIJING, July 13- China's exports fell more than expected in June as global demand remained stubbornly weak and as Britain's decision to leave the European Union clouds the outlook for one of Beijing's biggest markets. "The uncertainty of Brexit is likely to weigh on demand for China's exports to the EU, similar to the situation when the European bebt crisis in...

  • BEIJING, July 13- China's exports fell more than expected in June as global demand remained stubbornly weak and as Britain's decision to leave the European Union clouds the outlook for one of Beijing's biggest markets. Exports fell 4.8 percent from a year earlier, the General Administration of Customs said on Wednesday, adding that China's economy faces...

  • BEIJING, July 13- China's June exports fell by a more-than-expected 4.8 percent from a year earlier, while imports declined 8.4 percent, also missing estimates. That left the country with a trade surplus of $48.11 billion for the month, compared with $49.98 billion in May, the General Administration of Customs said on Wednesday. Economists polled by Reuters had...

  • WASHINGTON, July 12- Britain's vote in a referendum to leave the European Union has caused uncertainty and increased risks to the U.S. economy but thus far it looks likely to have a pretty "negligible" impact on U.S. growth, the International Monetary Fund said on Tuesday. The IMF said in its formal annual review of the U.S. economy and policies that the June 23 "Brexit"...

  • LONDON, July 12- OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices. However, the Organization of the Petroleum Exporting Countries in a monthly report also cut its forecast for...

  • PARIS, July 12- France's public deficit targets are at risk in the coming years because the government may fail to rein in spending fast enough, the IMF warned on Tuesday as it trimmed its 2017 growth outlook due to Brexit concerns. In an annual in-depth review on the French economy, the International Monetary Fund stuck with a preliminary forecast for growth this...

  • LONDON, July 12- OPEC on Tuesday was upbeat on the oil market outlook for 2017, saying global demand for its crude would be higher than its current production and excess oil inventories would be whittled down. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report. World oil demand will rise by 1.15 million barrels per...

  • LONDON, July 12- OPEC cut its forecast for world economic growth this year on Tuesday, citing increased uncertainty following Britain's vote to leave the EU and said the pace of oil demand growth would slow slightly next year in its first 2017 forecast. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report.

  • TOKYO, July 12- Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalized at a cabinet meeting on Wednesday, the government projects consumer...

  • LONDON, July 12- Bank of England Governor Mark Carney said the central bank may have to react to a weaker economic outlook after Britain's decision to leave the European Union, reinforcing the idea that the BoE is ready to provide the economy with more stimulus.