TOKYO, Nov 25- European Central Bank Governing Council member Christian Noyer said on Tuesday the central bank's statements on the size of its balance sheet are not a firm commitment but an expectation of how large the balance sheet will grow. "The statement by the Governing Council is not formulated as a firm commitment but as an expectation," Noyer said.» Read More
*H2 profit up 8 pct to $5.69 bln. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $14 billion company to shareholders, mostly offloading assets it acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
FED'S BALANCE SHEET TO HIT $4.5 TRILLION WHEN BOND-BUYING LIKELY ENDS IN OCTOBER- FED MONETARY POLICY REPORT.
*Siemens CEO earns praise for shrewd moves in Alstom battle. On Friday, the French government announced it had chosen U.S. conglomerate General Electric over Siemens and its bidding partner Mitsubishi Heavy Industries in the contest to acquire the energy assets of Alstom.
The central bank's Board of Governors was set to discuss "medium-term monetary policy issues" at 10 a.m. EDT, according to a Fed notice. The Fed board and the FOMC also held a joint session to kick off April's policy meeting in Washington. After three rounds of post-recession bond-buying the Fed's balance sheet has grown to nearly $4.5 trillion.
*Shell to focus on Gorgon, Prelude LNG in Australia. MELBOURNE, June 17- Royal Dutch Shell launched a long-anticipated sale of most of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.7 billion as it moves to focus on developing its own gas assets in Australia.
TWELVE OF 17 PRIMARY DEALERS SURVEYED SEE FED STOPPING BALANCE SHEET REINVESTMENTS AFTER OR AT SAME TIME AS FIRST RATE HIKE.
Bernanke said the Fed does not need to shrink its $4 trillion-plus balance sheet for it to normalize monetary policy.
Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.
The stock market is bolstered by the strength of corporate balance sheets, said Cantor Fitzgerald CEO Shawn Matthews Tuesday on "Squawk on the Street."
Kraft Foods Group said fourth-quarter revenue likely declined about 11 percent from a year earlier due to reductions in trade inventories, but raised its forecast for 2013.
Chris Wheeler, bank analyst at Mediobanca, tells CNBC that the big question is what state the balance sheets of European banks are in.
Ashok Shah, CIO at London and Capital, tells CNBC that banks have been given a ¿free lunch¿ borrowing at very low cost in order to boost their profitability.
The U.S. economy is on the mend and has been getting better, but JPMorgan CEO Jamie Dimon said chief executives he has spoken to have told him they are already making decisions to protect their companies from a looming "fiscal cliff."
Thanks to the Federal Reserve, Jamie Dimon and the Obama administration, the U.S. economy is “bleeding”, John McCain, the Republican Senator from Arizona and former presidential candidate, told CNBC.
Sheila Bair, former FDIC chair, says stress tests are good, but they cannot substitute capital rules. She also explains why money market funds remain at risk and require more oversight, with CNBC's Maria Bartiromo.
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Looking for a euro-dollar trading strategy among the torrent of European news reports? Here's an idea.
Bill Gross, Pimco Co-CIO & founder, explains there is a misconception that Pimco is short US Treasuries. Investors can find pristine balance sheets in countries like Canada, he adds.