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  • WASHINGTON, March 2- Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike. The five members of the Fed's Washington- based board of governors, including Yellen, have spoken less definitively, though governors including Jerome Powell have...

  • *China's rate cut within expectations, partly priced in- analysts. SHANGHAI, March 2- China stocks posted modest gains on Monday after the central bank cut interest rates over the weekend, with some investors expressing disappointment that it didn't cut rates more deeply. "It's not a surprise," said Wu Kan, head of equity trading at investment firm Shanshan Finance...

  • KEEPING SCORE: Japan's Nikkei 225 gained 0.3 percent to 18,847.19 and South Korea's Kospi added 0.2 percent to 1,989.27. Hong Kong's Hang Seng Index rose 0.3 percent to 24,898.25 and the Shanghai Composite Index advanced 0.4 percent to 3,322.23. CHINA RATE CUT: The People's Bank of China cut interest rates for the second time in three months Saturday, reducing...

  • SHANGHAI, March 2- China stocks were up in volatile trade on Monday morning after the country's central bank cut benchmark interest rates over the weekend, with property stocks rising and banking shares giving up early gains. The People's Bank of China cut interest rates for the second time in over three months as the government steps up efforts to support a...

  • LONDON, March 1- More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. This increased scrutiny also follows weaknesses in vetting exposed by problems at the Co-Op Bank, where the former chairman, Paul Flowers, was waved through in 2010 despite disclosing...

  • BEIJING, Feb 28- China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest effort to support the world's second-largest economy as its momentum slows and deflation risks rise. "The focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends in...

  • China's central bank cuts rates again to boost economy Saturday, 28 Feb 2015 | 5:46 AM ET

    BEIJING— China's central bank cut interest rates for the second time in three months Saturday, adding to signs the country's leaders are worried the economic slowdown is deepening too sharply. The People's Bank of China announced a rate cut on one-year loans by commercial banks by 0.25 percentage point to 5.35 percent. Last year, China's economic growth fell to...

  • BEIJING, Feb 28- China's central bank said on Saturday it would cut benchmark interest rates by 25 basis points to 5.35 percent. The People's Bank of China said it would further liberalise interest rates and lift the ceiling for the floating range for the saving rate to 1.3 times the benchmark rate. The central bank said it would cut the benchmark saving rate by 25...

  • WASHINGTON— Federal Reserve Chair Janet Yellen met Friday with a group of conservative activists who are unhappy with the way the central bank is conducting its interest-rate policies. Yellen rejected the GOP criticism as unfounded. Representatives of the Heritage Foundation and Cato Institute also participated in the meeting.

  • NEW YORK/ WASHINGTON, Feb 27- Puerto Rico's Doral Bank has failed and a local rival will take over its operations, authorities said on Friday after accidentally releasing the information early and sending shares down 46 percent before trading was halted. The FDIC announced on Friday that the bank had been closed and its banking operations and deposits will be...

  • Shares of the bank plunged 46.3 percent and were then halted on Friday, after the FDIC recalled a press release announcing that the bank was closed. The FDIC said the press release, announcing that it had been appointed as receiver to the bank, had been sent in error. Doral was closed by the Office of the Commissioner of Financial Institutions of Puerto Rico, which...

  • WASHINGTON, Feb 27- The U.S. Federal Deposit Insurance Corporation said on Friday Puerto Rico-based bank Doral Financial Corp was closed, and its business taken over by Banco Popular de Puerto Rico.

  • The FDIC, which is overseeing the shutdown and shift of operations, said Banco Popular will take over eight of Doral's 26 former branches and work with three other banks to operate the other 18 locations on the island. Banco Popular North America will operate Doral's three branches in New York City and Centennial Bank will take over its five branches in Florida.

  • NEW YORK, Feb 27- Shares of San-Juan, Puerto Rico- based lender Doral Financial Corp plunged 46.3 percent and were then halted on Friday, following a U.S. Federal Deposit Insurance Corp recall of a press release announcing that the bank was closed. The FDIC said the press release, announcing that it had been appointed as receiver to the bank, had been sent in error.

  • NEW YORK, Feb 27- Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues that the U.S. economy, given time, can rebound to normal growth. The paper by four top U.S. economists, presented on Friday to a roomful of powerful central bankers in New York,...

  • NEW YORK, Feb 27- The dollar index dipped on Friday on month-end selling but remained on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. "The trend is still in place to support the dollar," said Eric Viloria, currency strategist at Wells Fargo...

  • LONDON, Feb 27- Global investors increased their bets on stocks during February as major equity markets broke through all-time highs, fuelled by the promise of more monetary stimulus, Reuters' monthly asset allocation poll showed. As around 20 central banks have cut interest rates since the start of 2015, and with the European Central Bank set to launch...

  • NAIROBI, Feb 27- In a world where many central bankers fret about deflation, defaults and currency break-ups, Somalia's central bank chief has a more straightforward mission: helping a financial industry that grew up in war to survive in peace. Money transfer firms which kept cash flowing into Somalia during two decades of conflict when the nation's formal...

  • LONDON, Feb 27- For all the record inflows pouring into euro zone stock markets as the European Central Bank readies its bond-buying plan, there is still some way to go for economic powerhouse Germany to break its own stock-market records. Banking-sector stocks such as Deutsche Bank and Commerzbank are down a whopping 70 to 90 percent from their pre-crisis...

  • *Dollar index eases from previous day's 1- month high. Jan CPI, durables goods data raise rate-hike bets. LONDON, Feb 27- The dollar index fell on Friday amid month-end selling but was still on track for a record eighth month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise later this year.

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