The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.» Read More
The upcoming European banking asset quality review will represent the sector's "last chance" to prove its credibility.
Jim Antos, Bank Analyst at Mizuho Securities Asia, says the lender's second quarter results will likely be disappointing as global recovery remains slow.
ISM- New York index July at 1345 GMT. SYDNEY, Aug 4- London copper was a tad firmer on Monday after weak U.S. employment data soothed concerns that the Federal Reserve would soon begin to draw back liquidity that has cushioned demand for metals.
France has gathered support to challenge regulators imposing penalties on banks at a G-20 meeting after $8.9 billion fine was levied on BNP Paribas.
SINGAPORE, Aug 4- Gold was well-supported above $1,290 an ounce on Monday as surprisingly weak U.S jobs data diminished fears the Federal Reserve will raise interest rates soon, and as weaker stocks prompted some safe-haven bids. *Spot gold was little changed at $1,293.06 an ounce by 0019 GMT, after gaining nearly 1 percent on Friday following the weak U.S. data.
Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis.
LISBON, Aug 3- Portugal will spend 4.9 billion euros to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
LISBON, Aug 3- Troubled Portuguese lender Banco Espirito Santo is expected to be split into "bad" and "good" banks under a multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities, people familiar with the talks said on Sunday.
*No policy change expected but UK looks likely first mover. *India and Australia set to stay put. The European Central Bank, Bank of Japan, Bank of England and the central banks of India and Australia all hold meetings.
WASHINGTON- Swedish Finance Minister Anders Borg holds a press conference from the U.S.-Africa Leaders Summit in Washington- 1100 GMT. ATHENS- European Commission President Jean-Claude Juncker visits Athens and meets Greek Prime Minister Antonis Samaras- 0800 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.
Treasury is proposing a new regulation to make the financial system more transparent, says Undersecretary David Cohen.
*Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.
NEW YORK, Aug 1- U.S. stocks were little changed on Friday, paring big losses that had been indicated by trading before the market opened, as a weak July jobs report allayed concerns the Federal Reserve might raise interest rates sooner than many had expected.
BEIJING, Aug 1- China's central bank will keep up reasonable growth in credit and social financing and fine-tune its monetary policy in a timely way, the bank said on Friday.
NEW YORK, Aug 1- U.S. stock index futures pointed to a slightly lower open on Friday as a weak July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected. *On Thursday, Wall Street suffered its biggest one-day decline in months as data sparked worries the U.S.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
Duncan Farr, banks specialist at Macquarie Group, says it will be tough for Banco Espirito Santo to raise the required fresh capital it needs.
Royal Bank of Scotland said that an independent Scotland could significantly increase its costs and have a material impact on its business.
SHANGHAI, Aug 1- China's yuan was flat against the dollar on Friday after the central bank set its official midpoint barely changed from the previous day and it was set to show a marginal gain on the week.
Erin Davis, senior equity analyst at Morningstar, discusses Lloyd's Banking Group's results and says that while the bank will probably pay a very small dividend in 2014, it will then "quickly ramp it up".
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