White House Government Agencies

  • NEW YORK, May 19- The U.S. dollar rose slightly against the euro and Swiss franc on Thursday after the president of the New York Federal Reserve said the central bank was on track for a rate hike in June or July, but the greenback slipped against the safe-haven yen on risk aversion. The euro was last down 0.11 percent against the dollar at $1.1204 after the comment from...

  • NEW YORK, May 19- Stocks around the world sold off on Thursday, while the U.S. dollar gained, pressuring oil prices, as increased expectations that the Federal Reserve could raise interest rates in the near term rippled through financial markets. Speaking on Thursday, New York Fed President William Dudley said the Fed is on track for a U.S. rate hike in June or July.

  • Senator Tom Carper, a Democrat from Delaware, has sought information from the Federal Reserve Bank of New York and Society for Worldwide Interbank Financial Telecommunication on steps being taken to protect banks against cybersecurity threats following attacks on the network.

  • *Wal-Mart surges as results beat estimates. May 19- U.S. stocks fell sharply on Thursday after the Federal Reserve signaled the possibility of an interest rate hike as early as June and a stronger dollar and oversupply concerns pressured oil prices. New York Fed President William Dudley said on Thursday that June is definitely a "live" meeting and that a rate hike...

  • TORONTO, May 19- Canada's main stock index fell on Thursday to a one-week low, including losses for energy and financial stocks as Federal Reserve interest rate hike speculation weighed on commodity prices. Among the top decliners was First Quantum Minerals Ltd, down 4.81 percent to C $8.31, while Canadian Natural Resources dropped 2.39 percent to C $37.10.

  • *Wal-Mart surges 7.6 pct as results beat estimates. May 19- Wall Street opened lower on Thursday after the U.S. "The potential for a June rate hike has put the market on edge a little bit but we expect to see one in July and then another hike later in the year," said Ed Hyland, global investment specialist at JP Morgan Private Bank in Atlanta, Georgia.

  • May 19- U.S. stocks were lower at the open on Thursday as oil prices fell and investors remained jittery over prospects of the Federal Reserve raising interest rates as early as next month.

  • May 19- Wall Street was set to open slightly lower on Thursday after strong quarterly results from Wal-Mart and Cisco helped limit the losses sparked by a possibility of the Federal Reserve raising interest rates as early as next month. "One of the drags on the market has been the retailer and some of the names yesterday and today that have done well has tempered...

  • May 19- U.S. stock index futures were lower on Thursday as investors digested the possibility of the Federal Reserve raising interest rates as early as next month. *Fed Vice Chair Stanley Fischer is expected to speak at a conference at 9:15 a.m. ET in New York, while New York Fed president William Dudley will speak at 10:30 a.m. ET. *Wall Street pared gains in...

  • May 19- Hong Kong stocks closed at the lowest level in 2-1/ 2 months on Thursday, joining most Asian markets in sliding on the growing possibility of another U.S. rate hike soon. Investors, already worried about China's economic health, became more cautious as minutes from the last Federal Reserve meeting showed central bank officials felt the U.S. economy could be...

  • TOKYO, May 19- Japan's Nikkei share average ended little changed on Thursday, moving in and out of positive territory as general caution offset some gains from Federal Reserve minutes that boosted the dollar and weakened the yen. Some investors stayed on the sidelines ahead of Group of Seven meetings to be held this week in Japan. Oil shares' drops weighed after...

  • SHANGHAI, May 19- The yuan eased against the dollar on Thursday to its weakest levels since late February, after the central bank fixed the softest midpoint in 3-1/ 2 months as the U.S. But some Fed policymakers said they were concerned financial markets could be roiled by a possible British exit from the European Union in a June 23 vote or by China's exchange rate...

  • TOKYO, May 19- Japan's Nikkei share average was flat in choppy trade on Thursday morning as a late rise in the yen erased earlier index gains that came from increased expectations of a Federal Reserve rate hike in June. The Nikkei share average ended the morning session flat at 16,636.67. "We are seeing the Nikkei edge up tentatively as the yen slides back down to the...

  • SHANGHAI, May 19- China's central bank on Thursday set its yuan/dollar midpoint rate at 6.5531 prior to the market opening, the fix's weakest level since early February, after the U.S. Federal Reserve issued bullish minutes on the rate hike prospect. Thursday's midpoint weakened 0.5 percent from the previous day's fix of 6.5216 per dollar, but was relatively...

  • TORONTO, May 18- Canada's main stock index retreated on Wednesday as mining and energy stocks fell, pressured by lower commodity prices after the U.S. The market got too complacent about the prospect of a Fed rate hike, said Steve Belisle, senior portfolio manager at Manulife Asset Management, who expects financial stocks to outperform some other sectors,...

  • NEW YORK, May 18- The U.S. dollar touched a seven-week high against major currencies on Wednesday after the Federal Reserve signaled an interest rate rise could happen as soon as June, while stocks on Wall Street were buoyed by the resulting rally in bank shares. Bank stocks rose on Wednesday, as banks are seen benefiting from higher interest rates, while...

  • *Stocks, volatile after Fed meeting minutes, end flat. May 18- Wall Street closed flat on Wednesday after a volatile session, supported by bank shares, as the minutes from the Federal Reserve's April meeting signaled a potential interest rate increase in the near term. "It did catch the market by surprise," said Bucky Hellwig, senior vice president at BB&T Wealth...

  • NEW YORK, May 18- Wall Street closed flat on Wednesday after a volatile session, buoyed by a rally in bank shares after the minutes from the Federal Reserve's April meeting signaled a potential near-term interest rate increase.

  • *Most Fed policymakers see path to June rate increase. That view, expressed by most of the Fed's policy-setting committee at the April 26-27 meeting, suggests the U.S. central bank is closer to lifting rates again than Wall Street had expected. Prices for futures contracts on the Fed's benchmark overnight lending rate implied that investors saw a 34 percent...

  • *Fed puts June on the table for rate hike; market sees July. NEW YORK, May 18- The U.S. dollar rose sharply against a basket of currencies on Wednesday after the Federal Reserve signaled an interest rate hike could happen as soon as next month, while stocks on Wall Street fell despite a rally in bank shares. Bank stocks, seen benefiting from higher interest rates, led...