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  • March 30- Canadian financial technology firm D+ H said on Monday it agreed to acquire global payment services provider Fundtech for $1.25 billion in cash, in a bid to expand its service offerings aimed at global financial institutions and large U.S. banks. The deal comes nearly two years after it acquired U.S. rival Harland Financial Solutions for about $1.2...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday. BSA The Software Alliance, whose members include Adobe Systems, Apple Inc, IBM, Microsoft Corp and Oracle Corp, and the...

  • WASHINGTON— The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial reporting deadlines. The American organizations invested in the $1.4 billion fund—...

  • March 30- Ben Bernanke launched a blog on Monday, giving the former Federal Reserve chairman a new pulpit from which to make an old argument: why interest rates need to be so low. Bernanke, who handed the reins of the U.S. central bank to Janet Yellen last year, has been hitting the conference circuit more in recent months ahead of the planned publication of his book...

  • BEIJING, March 30- China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. China said this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday left intact a ruling that prevents plaintiffs from suing banks that they say aided and abetted convicted fraudster Bernie Madoff. The high court declined to hear two separate appeals filed by investors in foreign investment vehicles that lost money when Madoff's the Ponzi scheme collapsed in 2008. They...

  • SHANGHAI/ BEIJING, March 30- China on Monday courted home buyers with a bigger tax break as it cut downpayment requirements for the second time in six months, stepping up a fight against sliding house prices that is imperiling the world's second-biggest economy. The People's Bank of China said on its website that commercial banks can now lower their minimum...

  • *Test puts HSBC, Standard Chartered in the spotlight. "By assessing the resilience of the UK banking system against a major external shock we will improve further our ability to identify vulnerabilities and we will ensure that banks have plans in place to address a wider range of possible stresses," BoE Governor Mark Carney said on Monday. That leaves six banks and...

  • TORONTO, March 30- The head of the Bank of Canada said a slump in oil prices is having an "atrocious" effect on the Canadian economy but a cheaper currency and incipient U.S. revival should help exports drive a recovery, the Financial Times reported on Monday. Governor Stephen Poloz said in an interview with the newspaper that the central bank still had many options...

  • SHANGHAI/ BEIJING, March 30- Chinese regulators eased lending and tax policies on real estate on Monday, as Beijing seeks to stop a slide in property prices that has put economic recovery at risk. The People's Bank of China, in a statement on its website, urged financial institutions to support home purchases using a combination of commercial lending and a housing...

  • LONDON, March 30- Gold fell one percent on Monday, down for a second straight session as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates gradually this year. "It seems the market is once again focusing on the Fed raising rates," Deutsche Boerse's MNI senior analyst Tony Walters said. Gold, which does not pay any...

  • WASHINGTON— Ben Bernanke no longer leads the Federal Reserve, but he's hardly letting up in his defense of the ultra-low-rate policies he engineered— and his successor, Janet Yellen, has continued. Both criticisms, Bernanke wrote in " Ben Bernanke's Blog," reflect a misunderstanding of economic reality. After eight years as chairman, Bernanke stepped down from the...

  • PBOC: Investors looking for more stimulus   Monday, 30 Mar 2015 | 4:50 AM ET
    PBOC: Investors looking for more stimulus

    Josh Klaczek, head of Asia financials research at JPMorgan, talks about Asian stocks and the banking sector -- in particular China and the People's Bank of China.

  • *Gold pulls further away from 3- week high as dollar gains. SINGAPORE, March 30- Gold dropped for a second straight session on Monday, slipping further from a three-week high, as the dollar climbed after Federal Reserve Chair Janet Yellen signaled the U.S. central bank may be on course to raise interest rates later this year. Spot gold fell as much as 1 percent to...

  • Chinese banks to see slower profit growth: Pro   Sunday, 29 Mar 2015 | 9:34 PM ET
    Chinese banks to see slower profit growth: Pro

    Matthew Phan, analyst, Asia-Pacific Banks at CreditSights, says rising impairment costs will pressure the profits of Chinese lenders.

  • SINGAPORE, March 30- Gold slipped for a second straight session on Monday, pulling further from a three-week high, after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank may be on course to raise interest rates later this year. *Spot gold was off 0.2 percent at $1,196.98 an ounce by 0036 GMT, after rising for a second week in a row last week.

  • Is the US wrong to reject China-led AIIB?   Sunday, 29 Mar 2015 | 8:10 PM ET
    Is the US wrong to reject China-led AIIB?

    Evan Feigenbaum, vice chairman of Paulson Institute, says the U.S. made a "mistake" in defining the Asian Infrastructure Investment Bank as a "US-China death match."

  • *More than 160,000 jobs lost across 24 banks in two years- data. LONDON, March 30- Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. "The screws will stay tight on headcount," said Aymen Saleh,...

  • March non-farm payrolls seen up 244,000. BRUSSELS, March 29- The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike. Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start...

  • DIARY- Top Economic Events to April 10 Friday, 27 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve vice chair Stanley Fischer speaks at dinner before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 2315 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, March 2015" before the Greater Richmond Chamber of...

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