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Janet Yellen

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  • LONDON, Dec 18- European stocks surged on Thursday, with the market supported by a rise in Greek shares after the leader of the main opposition party said he was committed to keeping Greece in the euro should his leftist party take power next year. The FTSEurofirst 300 index of top European shares closed up 3 percent at 1,356.23 points, its biggest percentage rise...

  • Survey: Sluggish factory activity in mid-Atlantic Thursday, 18 Dec 2014 | 11:29 AM ET
    A machinist operates a lathe at the Windle Mechanical Solutions manufacturing facility in Philadelphia.

    Factory activity growth in the mid-Atlantic slowed in December, the Philadelphia Federal Reserve Bank says.

  • LONDON, Dec 18- European stocks surged on Thursday, with the market supported by a rise in Greek shares after the leader of the main opposition party said he was committed to keeping Greece in the euro should his leftist party take power next year. The FTSEurofirst 300 index of top European shares was up 2.8 percent at 1,353.52 points, its biggest rise since...

  • Average US 30-year loan rate falls to 3.80 percent Thursday, 18 Dec 2014 | 10:26 AM ET

    WASHINGTON— Average U.S. long-term mortgage rates fell this week, with the benchmark 30- year loan rate reaching a new low for the year. Mortgage company Freddie Mac says the nationwide average for a 30- year mortgage dropped to 3.80 percent this week from 3.93 percent last week. It is now at its lowest level since May 2013.

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday after its central bank announced a charge on deposits, wary of a flood of money exiting Russia and likely inflows from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent weeks calmed a touch as oil rose for a second day, although the pressure was still on Russia's rouble...

  • Santa Claus rally on, but it could depend on this Thursday, 18 Dec 2014 | 7:38 AM ET
    A trader works the floor of the NYSE.

    The Fed may have helped prime the stock market for a Santa rally, if oil remains calm and there are no new flare-ups in overseas markets.

  • Fed's balancing act: Summers  Thursday, 18 Dec 2014 | 7:36 AM ET

    Larry Summers, Harvard University, discusses the Fed's decision to be patient about raising rates and the risk of secular stagnation.

  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • Fed speak sparks rally  Thursday, 18 Dec 2014 | 7:03 AM ET

    CNBC's Steve Liesman weighs in on Janet Yellen's pledge to use patience when planning to raise interest rates.

  • Europe shares rally, led up by rebound for oil stocks Thursday, 18 Dec 2014 | 6:53 AM ET

    LONDON, Dec 18- European stocks rose on Thursday, led higher by energy-related stocks as oil rose and by strength in financials after the U.S. At 1135 GMT, the FTSEurofirst 300 index of top European shares was up 1.9 percent at 1,341.86 points. Oil companies topped the index, with Norway's Seadrill up 8.7 percent and Statoil up 6.4 percent, as Brent crude jumped 3...

  • Stock rally could depend on oil pressure Thursday, 18 Dec 2014 | 5:59 AM ET
    Traders work on the floor of the New York Stock Exchange, Dec. 17, 2014.

    The Fed may have helped prime the stock market for a Santa rally, if oil remains calm and there are no new flare-ups in overseas markets.

  • *Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...

  • Oil prices good for emerging markets  Thursday, 18 Dec 2014 | 5:50 AM ET

    Geoff Dennis, head of GEM equity strategy at UBS, says low oil prices are good for growth in most emerging markets.

  • Fed: No 'anxious' desire to increase rates  Thursday, 18 Dec 2014 | 5:00 AM ET

    Discussing the recent Fed meeting, Tim Speiss, chairman of personal wealth advisors at EisnerAmper, says the central bank appears to be on "a slow and focused process" when raising rates, with no apparent rise until the end of the first quarter of 2015.

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble ahead of an end-of-year address...

  • PARIS, Dec 18- European stocks rose early on Thursday, tracking a rally on Wall Street after the U.S. At 0804 GMT, the FTSEurofirst 300 index of top European shares was up 1.4 percent at 1,335.46 points. Fed Chair Janet Yellen told a news conference that "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of...

  • US stocks rise; Oracle leads technology stocks higher Thursday, 18 Dec 2014 | 1:47 AM ET

    NEW YORK— U.S. stocks rose sharply Thursday, led gains in by technology stocks as Oracle surged following a strong earnings report. EARNINGS BEAT: Oracle posted better-than-expected results late Wednesday in its first quarterly report since co-founder Larry Ellison gave up the helm of the business software maker. The stock rose $3.62, or 8.8 percent, to $44.78.

  • Fed eyes audit push as key political challenge in 2015 Thursday, 18 Dec 2014 | 1:00 AM ET

    Federal Reserve is lobbying to stem a rising threat to its independence as the "Audit the Fed" movement, once seen as usual background noise, looks set to gain momentum in 2015 when Republicans gain control of both houses of Congress. Fed officials are making their case for independence across Capitol Hill, reminding politicians of the damage that can come from...

  • Why the Fed thinks US economy still needs its help Thursday, 18 Dec 2014 | 12:05 AM ET

    WASHINGTON— If you didn't know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong. So the U.S. central bank declared it would be "patient" in deciding when to raise its benchmark rate from a record low, where it's been since December 2008. "There is no preset time," Fed Chair Janet Yellen explained at a news conference.

  • SINGAPORE, Dec 18- Gold climbed on Thursday after the U.S. I think gold can stabilise between $1,180 and $1,200, "said Mark To, head of research at Hong Kong's Wing Fung Financial Group. Spot gold was up 0.8 percent at $1,197.60 an ounce by 0301 GMT.