Japan's Monetary Policy a 'Big Experiment': BoE's Broadbent
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Stephen Koseff, CEO of Investec, talks about full-year earnings and the company's strategy of diversifying away from capital intensive business.
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Stephen Koseff, CEO of Investec, talks about full-year earnings and the company's strategy of diversifying away from capital intensive business.
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The bonus system is no longer fit for purpose and should be scrapped. No bank will ever be brave enough to do this on its own, but it would only take one to open the floodgates.
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NEW YORK, May 22- Oil prices fell on Wednesday as a rise in U.S. gasoline inventories prompted selling, then crude extended losses in late trading after minutes from a Federal Reserve policy meeting sent U.S. stock markets down. Brent crude futures fell $1.31 to settle at $102.60, after shedding nearly a dollar in the previous session.
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WASHINGTON, May 22- The European Central Bank could expand its policy toolkit if needed to battle deflation risks, a top ECB official said on Wednesday, adding that the central bank was also weighing measures to encourage more lending in the euro zone.
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NEW YORK, May 22- Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Fed Chairman Ben Bernanke told Congress on Wednesday the central bank could decide to scale back its stimulus at one of its "next few meetings" if the economy looked set to maintain momentum.
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NEW YORK, May 22- The dollar rose to a 4-1/ 2- year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could slow its asset buying in coming months.
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NEW YORK, May 22- Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. stock markets down and compounded earlier oil weakness stemming from a rise in U.S. gasoline inventories.
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WASHINGTON, May 22- The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.
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WASHINGTON, May 22- Many Federal Reserve officials earlier this month wanted to see more evidence that the U.S. economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday. At the meeting, the Fed voted to keep buying bonds at a $85 billion monthly pace.
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NEW YORK, May 22- U.S. stocks fell on Wednesday with a selloff accelerating in late afternoon trade, after minutes from the latest U.S. The minutes followed comments from Chairman Ben Bernanke who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.
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NEW YORK, May 22- U.S. Treasury yields on the benchmark 10- year note rose above the key two percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman Ben Bernanke added to bond investor fears that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail.
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NEW YORK, May 22- The dollar rallied to a 4-1/ 2- year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the U.S. central bank could begin slowing its asset buying in coming months.
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NEW YORK, May 22- U.S. stocks fell in choppy trading Wednesday, with the Dow briefly falling more than 1 percent, following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to improve.
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NEW YORK, May 22- U.S. stocks fell in choppy trading Wednesday, giving up earlier gains following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts, but may act if the economy continues to improve..
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WASHINGTON, May 22- Many Federal Reserve officials earlier this month wanted to see more evidence that the U.S. economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday.
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*FTSEurofirst 300 index closes 0.2 pct higher. LONDON, May 22- European shares hit a new five-year high on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would retain its stimulus measures until the economy improved.
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WASHINGTON, May 22- The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the U.S. central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.
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*Fed buys up to $1.75 bln in long-dated Treasuries. NEW YORK, May 22- Treasury debt prices fell on Wednesday with benchmark yields briefly rising above 2 percent as Federal Reserve Chairman Ben Bernanke kept alive market worries that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
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If it sounds like Fed Chair Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going.