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  • DIARY- Top Economic Events to May 18 Tuesday, 5 May 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. WASHINGTON- Federal Reserve Bank of Kansas City President Esther George...

  • May 5- CoBank, the largest cooperative bank within the U.S. government-backed Farm Credit System, on Tuesday reported first-quarter net income that was flat compared with a year ago but said loan demand had risen 5 percent. Denver- based CoBank said net income for the quarter ended March 31 was $232.2 million, compared with $231.3 million in the year-ago quarter.

  • NEW YORK, May 5- Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said on Tuesday that he believes the U.S. Federal Reserve will probably not raise interest rates this year, in part because of a lack of wage inflation. Gundlach, an influential bond investor, was speaking at DoubleLine's annual investor event at the New York Yacht Club.

  • LOS ANGELES— Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles. "In its push for growth, Wells Fargo often elevated its profits over the legal rights of its customers," Feuer said.

  • MONTREAL, May 5- Some exchange-traded funds and mutual funds might face liquidity problems if a large number of investors were to run for the exits at the same time, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned on Tuesday. Among changes the Bank of Canada is proposing, Wilkins listed:. -Reducing the amount of benchmark government bonds the Bank of...

  • Banks lead Britain's FTSE lower, focus on election Tuesday, 5 May 2015 | 11:59 AM ET

    LONDON, May 5- Britain's top share index ended lower on Tuesday tracking sharp losses in the U.S. market, with HSBC leading the banking sector down after saying a bank levy was hampering its ability to pay a higher dividend. After trading higher in the first, the blue-chip FTSE 100 index gave up gains and finished 0.8 percent weaker at 6,927.58 points, dragged down by...

  • NAIROBI, May 5- Kenya's shilling weakened against the dollar on Tuesday, hitting a fresh three and a half year low and breaking the technical support level of 95.00. At the 1300 GMT close of trade, commercial banks quoted the shilling at 95.05/ 15 to the dollar, its lowest since November 2011, and down from 94.80/ 90 at Monday's close. "It looks like we've been flirting...

  • LONDON, May 5- Rising expectations that Norway's central bank will cut interest rates this week pushed the Norwegian crown further away from six-month highs against the euro on Tuesday. Norges Bank kept its benchmark rate at 1.25 percent at its last meeting on March 19, surprising many in the market and sending the crown soaring. Traders said the Reserve Bank of...

  • LONDON, May 5- Gold edged higher on Tuesday as the dollar paused ahead of U.S. non-farm payroll data later in the week that could give clues as to when the Federal Reserve will raise interest rates. Gold fell to a six-week low of $1,170 on Friday after the Federal Reserve indicated it saw a slowdown in the U.S. economy as transitory and did not rule out a rate rise this...

  • LONDON, May 5- HSBC warned on Tuesday that Britain's bank tax was preventing it from raising dividend payouts and that was a key concern of investors as the bank assesses whether to move back to Hong Kong from London. Europe's largest bank has ordered a review of whether it should shift its headquarters because of the cost of operating from London and said it would...

  • LONDON, May 5- Gold edged lower on Tuesday as the dollar and European shares rose ahead of U.S. nonfarm payrolls later in the week that could give clues on when the Federal Reserve will hike interest rates. Gold fell to a six-week low of $1,170 on Friday after the Federal Reserve indicated that it saw a recent slowdown in the U.S. economy as transitory and did not rule...

  • HSBC Q1 results: Reaction   Tuesday, 5 May 2015 | 4:10 AM ET
    HSBC Q1 results: Reaction

    Martin Smith, head of markets analysis at East & Partners, discusses HSBC's "favorable" results, which are in line with those of other banks like Lloyds.

  • HSBC profits bounce back as tax inquiry looms Tuesday, 5 May 2015 | 4:51 AM ET

    Shares in global bank rise on Q1 results just days after its annual general meeting, at which it said that it was considering moving from London.

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain's FTSE 100 likely to open 0.7 percent...

  • SINGAPORE, May 5- The Australian dollar rebounded sharply after slipping initially as the Reserve Bank of Australia cut interest rates, as market players wondered whether the RBA's easing cycle may be over for now. Australia's central bank cut its cash rate a quarter point to an all-time low of 2.0 percent on Tuesday, aiming to spur a sluggish domestic economy...

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. "Cautious and uncertain households mean rate cuts are less effective today," said Jasmin Argyrou, senior investment...

  • UBS net profit soars 88%, beating forecasts Tuesday, 5 May 2015 | 2:10 AM ET
    UBS

    The Swiss banking giant reported a hike in profit for its first quarter, despite the SNB's shock decision to unpeg its currency from the euro.

  • SYDNEY, May 5- Australia's central bank cut its cash rate a quarter point to an all-time low of 2.0 percent on Tuesday, aiming to spur a sluggish domestic economy while keeping downward pressure on the local dollar. The Reserve Bank of Australia made the announcement following its monthly policy meeting. A Reuters poll of 27 analysts had found 20 expected a cut...

  • *Stocks hold on to early gains, MSCI Asia ex- Japan up 0.1%. HONG KONG, May 5- Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut. Australian stocks held on to their early gains while the MSCI's broadest index of...

  • SINGAPORE, May 5- Gold retained overnight gains on Tuesday but was stuck below $1,200 an ounce as investors awaited a U.S. nonfarm payrolls report later in the week for clues on when the Federal Reserve would hike interest rates. *Spot gold was little changed at $1,187 an ounce by 0037 GMT. *Silver gained for a third straight session, after climbing to a four-week high...

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