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Janet Yellen

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  • Asian stocks higher on earnings, China factory Wednesday, 25 Feb 2015 | 5:23 AM ET

    Energy stocks rebounded as oil prices broke a five-day slide and climbed back above $50 a barrel. Wall Street also kept an eye on Federal Reserve Chief Janet Yellen's second appearance before Congress in two days. "The market is just trying to figure out whether the next move is up or down," said David Lebovitz, global market strategist at J.P.

  • *Saudi Arabia's oil minister says markets are calm. LONDON, Feb 25- Brent crude held steady around $59 a barrel on Wednesday as Saudi Arabia's oil minister said oil demand is growing and markets are calm. "Markets are calm now... demand is growing," said minister Ali al-Naimi, the driving force behind OPEC's shift in policy at its November meeting, when the group decided...

  • *MSCI world index strains for all-time high. *Gold rebounds from 7- week low plumbed in previous session. Following more rises for Wall Street and in Asia overnight, MSCI's 46- member All Country World Index was up 0.2 percent at 433.74 points and straining for the 434.24 all-time peak it scored back in September.

  • European shares pause rally after mixed corporate results Wednesday, 25 Feb 2015 | 4:20 AM ET

    PARIS, Feb 25- European shares were steady on Wednesday morning, pausing a recent sharp rally that propelled both Britain's FTSE 100 and Germany's DAX to record highs as investors combed through mixed corporate results. Europe's second-biggest insurer AXA rose 4.6 percent after posting a 12 percent increase in 2014 net profit and voicing confidence in its...

  • UPDATE 1-Rouble gains on risk appetite and monthly taxes Wednesday, 25 Feb 2015 | 3:59 AM ET

    MOSCOW, Feb 25- The Russian rouble was slightly stronger on Wednesday, helped by stronger global risk appetite and the onset of the monthly tax period when Russian companies convert forex, but Russian stock indexes fell as oil failed to hold above $60 per barrel. "Despite a large number of factors that are putting pressure on the Russian currency, in the form of...

  • *Yellen refrains from giving clear hint on rate hike timing. LONDON, Feb 25- The dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Janet Yellen suggested the central bank would not be rushed into kicking off the U.S. interest rate tightening cycle. "Some investors were positioned for more hawkish comments and they were...

  • JGBs gains as U.S. bonds rise on Yellen's testimony Wednesday, 25 Feb 2015 | 3:05 AM ET

    TOKYO, Feb 25- Japanese government bond prices rose on Wednesday, with yields hitting three-week lows, as U.S. Treasuries gained after investors interpreted Federal Reserve Chair Janet Yellen's testimony as likely indicating a later date for rate hikes. The benchmark 10- year cash bond yield fell 3.5 basis points to 0.335 percent, hitting its lowest level...

  • TOKYO, Feb 25- Japanese stocks snapped a five-day winning streak on Wednesday as investors grew cautious that the market was becoming overbought, but losses were limited by U.S. Federal Reserve Chair Janet Yellen's message of policy flexibility. The Nikkei share average ended 0.1 percent lower at 18,585.20 points.

  • SINGAPORE, Feb 25- Brent crude edged up towards $59 a barrel on Wednesday, helped by better than expected Chinese factory activity data, the Federal Reserve's flexible stance on U.S. interest rates and the euro zone's approval of reforms proposed by Greece. Brent had climbed 16 cents to $58.82 a barrel by 0537 GMT, while U.S. crude futures fell 11 cents to $49.17 a...

  • SINGAPORE/ TOKYO, Feb 25- The dollar edged down against the yen on Wednesday after Federal Reserve Chair Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle. In closely watched remarks before the U.S. Senate Banking Committee on Tuesday, Yellen said the Fed is preparing to consider interest rate hikes "on a...

  • SINGAPORE, Feb 25- Brent crude rose marginally towards $59 a barrel on Wednesday, helped by better than expected Chinese factory activity data, the Federal Reserve's flexible stance on U.S. interest rates and the eurozone's approval of reforms proposed by Greece. Brent added 22 cents to $58.88 a barrel by 0317 GMT, while U.S. crude futures fell 2 cents to $49.26 a...

  • Euro gets a reprieve from Greek deal, Yellen  Tuesday, 24 Feb 2015 | 9:49 PM ET

    The approval of Greece's new bailout plan, along with the U.S. dollar under pressure due to Fed Chair Yellen's dovish remarks, paved the way for rally in the euro, says Todd Elmer, currency strategist at Citi.

  • Why the Fed is now further behind the curve  Tuesday, 24 Feb 2015 | 9:31 PM ET

    With a booming U.S. economy, interest rates should be raised to normal levels, says Robert Heller, former governor at the U.S. Federal Reserve from 1986-1989.

  • TOKYO, Feb 25- Japanese stocks steadied around a 15- year high on Wednesday morning in a choppy morning session, as cautiousness over an over-heating market was partially countered by U.S. Federal Reserve Chair Janet Yellen's message of policy flexibility. At 0124 GMT, it was up 0.2 percent at 18,643.28 after peaking at 18,648.77 earlier, the highest point since...

  • SINGAPORE, Feb 25- Brent crude rose marginally towards $59 a barrel on Wednesday, helped by the Fed's flexible stance towards interest rates and the eurozone's approval of Greece's reform plan. Brent added 10 cents to $58.76 a barrel by 0137 GMT, while the U.S. crude futures rose 2 cents to $49.31 a barrel. Investors will also look ahead to world's second-largest...

  • MELBOURNE, Feb 25- London copper slipped on Wednesday from a six-week highs hit in the prior session, as China returned from a week long holiday and resumed selling on the prospect of ample local supply. Copper prices climbed on renewed expectations U.S. monetary policy would stay loose for longer after comments by Fed Chair Janet Yellen. *The Federal Reserve is...

  • TOKYO, Feb 25- The dollar edged down against the yen and euro early on Wednesday after Federal Reserve Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates. In closely watched remarks before the U.S. Senate Banking Committee on Tuesday, Yellen avoided the word "patient" in describing the Fed's approach to raising...

  • TOKYO, Feb 25- Asian stocks rose on Wednesday thanks to gains on Wall Street after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates, a reassuring signal for investors worried about a deteriorating global outlook. In remarks to the Senate Banking Committee, Yellen said the U.S. central bank was preparing to consider...

  • SINGAPORE, Feb 25- Gold edged higher on Wednesday after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising U.S. interest rates. *Spot gold was up half a percent at $1,206 an ounce by 0021 GMT, after hitting its weakest since Jan. 5 on Tuesday at $1,190.91. Silver, both spot and futures, rose more...

  • Cramer Remix: The one thing to watch today Tuesday, 24 Feb 2015 | 7:15 PM ET
    Jim Cramer on the set of Mad Money

    Jim Cramer did an impression of Janet Yellen, and it was amazing. The remix party was filled with Fiesta food, pizza, and crazy charts.