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  • MOSCOW, Oct 31- Russia's central bank raised its main lending rate by 150 basis points at a board meeting on Friday, citing concerns about above-target inflation, weak oil prices and a toughening of Western sanctions. The central bank has been under pressure to raise rates to defend the sliding rouble, which has shed around 20 percent against the dollar since...

  • Russian central bank raises key rate by 150 bps Friday, 31 Oct 2014 | 6:38 AM ET

    MOSCOW, Oct 31- Russia's central bank raised its main lending rate by 150 basis points at a board meeting on Friday, citing concerns about high inflation.

  • RUSSIAN CENTRAL BANK SAYS THAT IF EXTERNAL CONDITIONS AND INFLATION EXPECTATIONS EASE, BANK READY TO SOFTEN POLICY.

  • Eurozone inflation creeps up to 0.4 percent Friday, 31 Oct 2014 | 6:09 AM ET

    FRANKFURT, Germany— Inflation crept higher in the 18 countries that use the euro in October— but the rise to an annual 0.4 percent offered little relief to the European Central Bank as it tries to boost a weak economy. The European Central Bank is under pressure to introduce more drastic stimulus measures in coming months to boost the ailing eurozone economy,...

  • MOSCOW, Oct 31- Russia's second-largest lender VTB Bank is seeking up to 200 billion roubles in state support to boost its capital, the Vedomosti newspaper reported on Friday, citing a government source and a source at the bank. VTB Bank was hit by Western sanctions in the summer over Russia's role in the Ukraine crisis, limiting its access to international...

  • *Russia grappling with falling rouble, rising inflation. MOSCOW, Oct 31- Russia's central bank is expected to raise interest rates at a board meeting on Friday as it grapples with a falling rouble and rising inflation. But its decision will be tough, as higher interest rates will also weigh on economic growth, which is already slowing sharply as falling oil prices,...

  • Chinese shares close higher, financials firm Friday, 31 Oct 2014 | 3:10 AM ET

    SHANGHAI, Oct 31- Chinese shares ended higher on Friday, with most heavyweight stocks firm as investors bet that China's government would roll out more support measures for the economy. Among financials, Bank of China Ltd rose 3.7 percent, Industrial and Commercial Bank of China Ltd gained 2.2 percent and China Life Insurance Co Ltd climbed 4.7 percent.

  • BEIJING, Oct 31- China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Friday. The FSB's report nevertheless appears to underestimate China's sprawling shadow banking sector, although analysts said this type of debt is not yet at a...

  • Cyrus Daruwala, Managing Director, Asia Pacific at IDC Financial Insights, explains why Australian and Singaporean banks are outperforming market expectations in terms of earnings.

  • China's shadow banking now world's 3rd largest Thursday, 30 Oct 2014 | 7:52 PM ET

    China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report showed.

  • ANZ CEO: 'We're firing on all cylinders'     Thursday, 30 Oct 2014 | 7:19 PM ET

    Mike Smith, CEO of ANZ, outlines the factors contributing to the bank's record annual net profit. He also discusses ANZ's Asia-focused growth strategy moving forward.

  • Will the BoJ alter its inflation target? Thursday, 30 Oct 2014 | 6:36 PM ET

    The Bank of Japan (BoJ) is set deliver its biannual economic Outlook Report, which may offer clues about the central bank's next move.

  • NEW YORK, Oct 30- The dollar on Thursday extended recent gains to a 3-1/ 2- week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

  • Citigroup lowers Q3 results because of legal costs Thursday, 30 Oct 2014 | 5:36 PM ET
    Michael Corbat, chief executive officer of Citigroup Inc.

    The company revised downward its third-quarter net income to $2.8 billion from $3.4 billion.

  • RIYADH, Oct 30- Saudi Arabia's National Commercial Bank IPO-NACO.SE> said the retail portion of its 22.5 billion riyal initial share sale had attracted investor interest amounting to more than double the amount on offer. The kingdom's largest bank by assets is selling 15 percent of its stock, priced at 45 riyals per share, to local investors between Oct. 19 and Nov....

  • Jefferies banker in divorce scandal takes leave Thursday, 30 Oct 2014 | 2:26 PM ET

    A senior Jefferies banker, Sage Kelly, is on leave after intense publicity around salacious allegations made by his wife in divorce proceedings.

  • Yellen: Awareness of economists' diversity needed Thursday, 30 Oct 2014 | 12:59 PM ET
    Federal Reserve Chair Janet Yellen delivers opening remarks at the National Summit on Diversity in the Economics Profession hosted by the Federal Reserve, Oct. 30, 2014, in Washington.

    Janet Yellen was speaking at a conference on diversity in the economics profession organized by the Fed and the American Economic Association.

  • How the unbanked manage their money Thursday, 30 Oct 2014 | 12:35 PM ET
    A customer counts cash to pay for two iPhone 6 smartphones during the sales launch at the Apple Inc. store in New York.

    People without bank accounts adopt different strategies for managing their money. Some may actually help them stay on budget.

  • BEIJING, Oct 30- China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Thursday. China's government is now weighing new rules to tame this less-regulated, riskier type of lending, while trying to ensure that more money from the shadow...

  • NAIROBI, Oct 30- Kenya's Equity Bank Group said on Thursday that pretax profits rose by a quarter in the first nine months of the year, largely due to growth in non-interest income and falling provisions for bad debts. Equity, which focuses on the lower-income part of the market, and also operates in Uganda, South Sudan, Tanzania and Rwanda, said profit rose 25 percent...

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