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Janet Yellen

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  • Global stocks higher on Chinese, German data Thursday, 26 Feb 2015 | 3:19 AM ET

    SEOUL, South Korea— Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. KEEPING SCORE: Britain's FTSE 100 was nearly flat at 6,937.52 while Germany's DAX inched up 0.1 percent to 11,221.95. ASIA'S DAY: Japan's Nikkei 225 rose 1.1 percent to 18,785.79 while Hong Kong's Hang...

  • SINGAPORE, Feb 26- Gold rose for a second session on Thursday as recent comments from Federal Reserve Chair Janet Yellen pushed back expectations for the first U.S. rate hike in nearly a decade to later in the year. Spot gold was up 0.6 percent at $1,211.11 an ounce at 0654 GMT after hitting a session high of $1,213.20. Yellen told the Senate Banking Committee on...

  • MSCI's broadest index of Asia-Pacific shares outside Japan fell about 0.2 percent, as investors took profits after Yellen's testimony and a China factory survey's better-than-expected headline number lifted it to a five-month high on Wednesday. Japan's Nikkei stock average outperformed, rising about 0.9 percent to a 15- year high, helped by news that the...

  • *Bonded copper premiums up $2.50 to $90- $95- Shmet. MELBOURNE, Feb 26- London copper was steady on Thursday, as China- based traders trickled in after Lunar New Year, with focus on physical markets for early signs of appetite in the world's top user of the metal ahead of the second quarter, when demand is usually strongest. China should be roaring back to life.

  • SYDNEY/ TOKYO, Feb 26- The dollar nursed modest losses on Thursday, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an expected U.S. interest rate hike. The euro edged up to $1.1364, up from this week's trough of $1.1288, but remained stuck in a $1.12- $1.15 range held since...

  • SINGAPORE, Feb 26- Gold rose for a second session and held above $1,200 an ounce on Thursday as comments from Federal Reserve Chair Janet Yellen led investors to believe U.S. interest rates would start to rise later than expected this year. Bullion was up 0.3 percent at $1,208.50 an ounce at 0302 GMT. She told the Senate Banking Committee on Tuesday that while the...

  • Who's buying Japanese shares? Lunatics: Pro  Wednesday, 25 Feb 2015 | 10:10 PM ET

    Paul Gambles, co-Founder of MBMG Group, explains why he thinks only "speculators and lunatics" are investing in Japan's benchmark Nikkei 225 index.

  • *Pension fund investment strategy also lifts sentiment- analysts SoftBank, Fast Retailing contribute half Nikkei gains. TOKYO, Feb 26- Japan's Nikkei share average rose to a fresh 15- year high on Thursday morning after hedge funds were seen buying futures, while index-heavyweight stocks rose as investors' risk appetite improved on benign comments by Fed...

  • MELBOURNE, Feb 26- London copper was steady on Thursday, as China- based traders trickled in after Lunar New Year, with focus on physical markets for early signs of appetite in the world's top user of the metal ahead of the second quarter, when demand is usually strongest. *Direction remains unclear as top consumer China has a holiday shortened week, with markets not...

  • SINGAPORE, Feb 26- Gold held above $1,200 an ounce on Thursday as recent comments from Federal Reserve chair Janet Yellen prompted some investors to push back the likely timing of a hike in U.S. interest rates. *Spot gold was up 0.1 percent at $1,205.60 an ounce by 0027 GMT. *Gold rose as much as 1 percent on Wednesday after Yellen indicated flexibility in raising U.S....

  • TOKYO, Feb 26- Asian shares prices held near five-month highs on Thursday after upbeat U.S. housing and Chinese factory data, while the dollar nursed modest losses following Federal Reserve Chair Janet Yellen's comments. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed near the five-month high hit on Wednesday while Japan's...

  • SINGAPORE, Feb 26- U.S. crude held steady just below $51 a barrel in early Asian trade on Thursday after rising back above $50 the previous session, while heating oil futures also held steady above $2.10 a gallon. *Heating oil futures were trading at $2.11 a gallon, slightly below a three month high reached earlier in the week, as some of the biggest U.S. East Coast...

  • U.S. lawmakers battle over currency in trade deals Wednesday, 25 Feb 2015 | 7:04 PM ET

    A bipartisan bill introduced this month and proposals from other lawmakers seek to stop trading partners such as China and Japan from manipulating exchange rates to make their goods cheaper for overseas buyers. It encompasses 12 Pacific Rim trading partners including Japan, whose stimulus program has helped lop off a third of the yen's value since late...

  • DIARY-Top Economic Events to March 10 Wednesday, 25 Feb 2015 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the 2015 Banking Outlook Conference- 1800 GMT. LONDON- Federal Reserve Bank of Dallas President Richard Fisher gives a lecture on "Reflections on 10 Years at the Fed: Through the Financial Crisis" at event hosted by the...

  • WASHINGTON— Over two days of testimony to Congress, Federal Reserve Chair Janet Yellen was grilled on everything from the direction of interest rates to the health of the economy to "Audit the Fed" legislation supported by Republicans. On some topics, Yellen shed light. Yellen noted the economy's consistent improvement since she last testified to Congress in...

  • FOREX-Fed disappoints dollar bulls, Aussie turns to data Wednesday, 25 Feb 2015 | 6:02 PM ET

    SYDNEY, Feb 26- The dollar nursed modest losses early on Thursday, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an eventual U.S. interest rate hike. The euro edged up to $1.1362, up from this week's trough of $1.1288, but remained stuck in a $1.12- $1.15 range held since...

  • Nasdaq near 5,000: Should you worry about a bubble?  Wednesday, 25 Feb 2015 | 5:19 PM ET

    Bill Stone, chief investment strategist at PNC Asset Management Group, explains why markets won't see a return of 2000's dot-com bubble burst as the tech-heavy Nasdaq nears levels not seen in 15 years.

  • How the Dow Jones industrial average fared on Wednesday Wednesday, 25 Feb 2015 | 5:10 PM ET

    The Dow Jones industrial average eked out another record high close on Wednesday, while the other major stock indexes ended lower. Investors had their eye on the latest batch of corporate earnings, as well as another day of testimony from Federal Reserve Chair Janet Yellen. The Dow rose 15.38 points, or 0.1 percent, to 18,224.57.

  • *Decline in Apple weighs on S&P and Nasdaq. NEW YORK, Feb 25- Wall Street lagged a rise in global markets on Wednesday, with the S&P 500 and the Nasdaq closing slightly lower even as energy shares gained along with a surge in oil prices. On Wall Street, a sharp drop in shares of Apple Inc took a toll on the S&P 500 and Nasdaq, but the Dow marked another record closing high,...

  • BUENOS AIRES/ NEW YORK, Feb 25- Argentina, a pariah of the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and on Wednesday begun marketing a new bond issue to non-U.S. investors. The government has begun marketing a new issue of Bonar 2024 notes as it seeks to raise cash ahead of upcoming maturities and avoid...