The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
China's economic growth slows to 7.4 percent, raising risk of job losses, impact on trade Credit Suisse profits down 34 percent as revenues fall at investment bank General Motors to ask bankruptcy court to shield it from ignition claims before bankruptcy Asian stock markets rise, shrug off slower Chinese economic growth US stocks rebound from midday slump, extending modest gains for second day Yahoo's 1st- quarter results propelled by Alibaba investment while ad sales start to pick up Intel reports lower 1st- quarter net income amid PC slump but revenue inches higher Twitter buys data analytics partner Gnip for undisclosed sum General Motors sales watched for impact of spate of ignition switch recalls Yellen says rules might need to be strengthened further to bolster largest banks
FARGO, North Dakota/ BANGOR, Maine, April 15- The U.S. "If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery's back," Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University.
TOKYO, April 16- The Bank of Japan will probably not ease monetary policy until July as the central bank chief's bullish outlook on prices has wiped out expectations of a move this month, a Reuters poll showed.
FARGO, N.D., April 15- A top U.S. Federal Reserve official said on Tuesday he will "do what it takes" to get inflation to be around 2 percent, including raising rates sharply if prices unexpectedly start to spiral upward too quickly.
US stocks rebound from midday slump, extending modest gains for second day Yahoo's 1st- quarter results propelled by Alibaba investment while ad sales start to pick up Intel reports lower 1st- quarter net income amid PC slump but revenue inches higher Twitter buys data analytics partner Gnip for undisclosed sum General Motors sales watched for impact of spate of ignition switch recalls Yellen says rules might need to be strengthened further to bolster largest banks Johnson& Johnson's Q1 profit rises 8 pct on lower spending, surge in prescription drug sales Coca-Cola sells more drinks but soda dips; first global soda decline since 1999 US raises concern about China's currency but again avoids labeling Beijing a manipulator Report: US prescription spending rises 3.2 pct in 2013, as prices climb, generic impact wanes
TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the Japan Trust Banks Association- 0615 GMT. LJUBLJANA- Slovenia Finance Minister Uros Cufer speaks at a business conference on the European and Slovenian banking sector- 0700 GMT.
FARGO, N.D., April 15- The U.S. Federal Reserve is coming up short on its goals for both inflation and employment, a top Fed official said on Tuesday, and the central bank ought to do more to ensure they return to healthier levels.
The Obama administration on Tuesday told Beijing it was watching the value of China's currency closely.
BANGOR, Maine, April 15- The Federal Reserve should "explicitly" state that it will keep interest rates near zero until the U.S. economy is within one year of reaching the central bank's employment and inflation goals, a top Fed policymaker said on Tuesday.
ATLANTA, April 15- The U.S. Federal Reserve is considering further steps to force big banks to hold more capital, and sees a case for other stability-enhancing measures for more shadowy areas of Wall Street as well, Fed Chair Janet Yellen said on Tuesday.
TORONTO, April 15- Bank of Nova Scotia sees Mexico as its most promising growth territory and is not deterred by a money-laundering scandal there involving Citigroup's Banamex unit, Scotiabank's head of international banking said on Tuesday.
ISTANBUL, April 15- An annual meeting of Turkey's central bank on Thursday will be closely watched for signs that Prime Minister Tayyip Erdogan's government, strongly opposed to high interest rates, is trying to boost its influence over monetary policy.
NEW YORK, April 15- The dollar erased gains against the euro on Tuesday as traders discounted recent comments from European Central Bank policymakers and an uptick in U.S. inflation wasn't enough to suggest a potential change in the Federal Reserve's dovish stance.
STRASBOURG, April 15- European lawmakers finally signed off on Tuesday on new laws to make it easier to shut problem banks after long wrangling over rules for an industry blamed for triggering the worst economic slump in a generation.
*New rule takes effect in 2019. LONDON, April 15- Global regulators have eased a new rule limiting how much business a bank can undertake with a single customer, as they try to minimise the risk of fallout from a counterparty going bust without imposing excessive burdens on financial firms.
WASHINGTON— The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.
BRUSSELS— The European Union's Parliament on Tuesday completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by failing banks.
LONDON, April 15- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
BEIJING, April 15- Chinese shares listed in Hong Kong suffered their biggest daily drop in 10 weeks, hit by profit-taking in automakers and sharp declines in banks following weak Chinese money supply data.
BEIJING, April 15- China shares fell sharply on Tuesday as the banking sector took a beating after data showed the country's money supply grew at its slowest pace in more than a decade.
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