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  • NEW YORK, Feb 18- A Federal Reserve official, asked how the central bank plans to manage market expectations when it eventually drops the key "patient" word from its policy statement, said the Fed aims not to surprise investors. "Our agenda is not to surprise markets," Fed Governor Jerome Powell said on Wednesday at New York University. Investors have zeroed in on the...

  • SYDNEY, Feb 19- The U.S. dollar was nursing losses in Asia on Thursday while bonds held hefty gains as investors scaled back expectations on how fast, and how far, the Federal Reserve might raise interest rates in coming months and years. Equities were relatively calm with much of Asia on holiday, and MSCI's broadest index of Asia-Pacific shares outside Japan was...

  • WASHINGTON, Feb 18- Clients and supporters of the U.S. export credit agency will descend on Capitol Hill next week to urge lawmakers to keep the Export Import Bank open as critics ramp up efforts to shut it down. A temporary lifeline extended last year will run out on June 30 unless Congress extends the bank's term, a move strongly opposed by some Republicans who...

  • US STOCKS-Wall St ends nearly flat; Fed minutes support Wednesday, 18 Feb 2015 | 4:31 PM ET

    NEW YORK, Feb 18- The Dow and S&P 500 ended barely lower on Wednesday after a drop in energy shares but declines were limited by minutes from the latest Federal Reserve meeting, which showed policymakers are concerned about raising interest rates too soon. Exxon Mobil, which fell 2.2 percent to $91.01, was the biggest drag on both the S&P 500 and Dow following an...

  • NEW YORK, Feb 18- The Dow and S&P 500 edged down on Wednesday following losses in energy shares, but minutes from the latest Federal Reserve meeting that showed concern from policymakers about raising interest rates too soon limited the decline.

  • FRANKFURT, Feb 18- The European Central Bank agreed a modest increase in emergency funding for Greek banks on Wednesday, putting pressure on Athens to strike a financing deal with its European partners before its lenders run out of money. The ECB Governing Council, meeting in Frankfurt, agreed to raise the provision of Emergency Liquidity Assistance to 68.3...

  • ATHENS, Feb 18- Greece asked the European Central Bank to raise the provision of Emergency Liquidity Assistance to its banks by 5 billion euros before the Governing Council agreed to a smaller sum, banking sources told Reuters on Wednesday. One senior banker estimated that the actual 3.3 billion euro increase in the ELA cap would be enough to meet Greek banks'...

  • WASHINGTON, Feb 18- Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping "patient" from the central bank's rate guidance. The minutes from the Fed's Jan. 27-28 policy-setting meeting, released on Wednesday, show officials...

  • NEW YORK, Feb 18- U.S. stocks were down slightly on Wednesday, briefly trimming losses after minutes from the latest Federal Reserve meeting showed concern from policymakers about raising interest rates too soon. I think June is going to be hard for them to move, but that's not to say they won't, "said Greg Peters, senior investment officer at Prudential Fixed Income...

  • ECB extends liquidity for Greek banks: Report Wednesday, 18 Feb 2015 | 2:31 PM ET
    A European Union and a Greek national flag flutter in front of the Parthenon temple in Athens February 11, 2015.

    The European Central Bank has approved a roughly €68 billion, two-week extension on emergency liquidity for Greek banks, Dow Jones reported.

  • US STOCKS SNAPSHOT-Wall St trims losses after Fed minutes Wednesday, 18 Feb 2015 | 2:12 PM ET

    NEW YORK, Feb 18- The Dow and S&P 500 trimmed losses and the Nasdaq was barely higher on Wednesday as minutes from the latest Federal Reserve meeting showed concern from policymakers about raising interest rates too soon.

  • WASHINGTON, Feb 18- Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping "patient" from the central bank's interest rate guidance. At the central bank's last policy-setting meeting in January, Fed officials debated the impact...

  • Banks aren't lending. Here's who is Wednesday, 18 Feb 2015 | 2:00 PM ET
    Banks aren't lending. Here's who is

    Consumers are turning to credit unions more and more for loans as credit at traditional banks remains tight. CNBC.com Finance Editor Jeff Cox reports.

  • Luxoft scoops up Excelian Wednesday, 18 Feb 2015 | 11:40 AM ET
    Luxoft scoops up Excelian

    Luxoft has announced a deal to buy UK tech consultant firm Excelian. Dmitry Loschinin, CEO of Luxoft, weighs in.

  • *Clock ticks on Athens as ECB governors meet in Frankfurt. FRANKFURT, Feb 18- European Central Bank policymakers debated on Wednesday whether to allow more emergency funding for Greek banks with opinions divided as Athens came under pressure to accept an extended aid-for-reform program. "The question is how things will continue with Greece," said one European...

  • *Optimism for Greece deal cushions euro. NEW YORK, Feb 18- The U.S. dollar rose against a basket of major currencies on Wednesday on expectations that Federal Reserve policy meeting minutes will support a trend of higher U.S. yields, while the euro held within recent ranges on optimism over Greece. "There's a little bit more confidence with being long dollars...

  • *Could fund minority stake in Germany's Lanxess. DUBAI, Feb 18- State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Aramco also has a $4 billion existing loan due to mature later this year, and has...

  • NEW YORK, Feb 18- More U.S. students continued to borrow larger sums for their college education last year, according to data from the Federal Reserve Bank of New York, while total student loan balances tripled over the last decade. The average balance was some $27,000. While the 2007-2009 recession depressed other forms of household debt, Americans continued to...

  • *Clock ticks on Athens as ECB governors meet in Frankfurt. FRANKFURT, Feb 18- The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform programme. As Athens said on Wednesday it would ask for an...

  • JPMorgan reviewing size of trading units - Bloomberg Wednesday, 18 Feb 2015 | 5:41 AM ET

    Feb 18- JPMorgan Chase& Co is considering shrinking some of its trading businesses as it expects a new federal reserve proposal to make these businesses less profitable, Bloomberg reported. JPMorgan is reviewing the size of some of its capital-intensive units such as interest-rates trading, prime brokerage and delta-one equities desk, Daniel Pinto, chief...

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