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  • LONDON, Oct 28- The Swedish crown hit a four-year low against the dollar and a four-month trough against the euro on Tuesday after Sweden's central bank surprised investors by cutting interest rates to a record low of zero percent. Riksbank chief Stefan Ingves said the central bank is ready to take unconventional measures that analysts said could include...

  • *Rate cut bigger than expected. STOCKHOLM, Oct 28- Sweden's central bank cut interest rates more than expected to zero on Tuesday to ward off prolonged deflation risk, and said it would delay tightening policy until the middle of 2016.. Like the neighboring euro zone, Sweden is grappling with persistently low inflation and wants to avoid slipping into a deflation...

  • *Q3 net profit at 762 mln Sfr vs 737 mln Sfr in poll. ZURICH, Oct 28- UBS put aside 1.8 billion Swiss francs in the third quarter for potential legal costs and said it was talking to the U.S. Department of Justice about resolving an investigation into currency market rigging. The increase in legal reserves shows Switzerland's largest bank is struggling to move on from...

  • LONDON, Oct 28- World stocks inched up and U.S. bond yields steadied after almost three weeks of gains on Tuesday with Federal Reserve policy setters expected to end six years of aggressive monetary stimulus. With the euro zone running into turbulence again and China's giant economy also struggling for pace, the prospect of a world without U.S. stimulus has...

  • LAGOS, Oct 28- Nigeria's central bank has cut the limit on banks' foreign currency borrowings to 75 percent of shareholders' funds from 200 percent, according to a central bank circular seen by Reuters on Tuesday. The regulation replaces a 2001 rule capping foreign borrowings, including Eurobonds, at 200 percent of shareholders' funds as Nigeria tries to manage...

  • NIGERIA'S CENTRAL BANK CUTS LIMIT ON BANKS' FOREIGN CURRENCY BORROWINGS TO 75 PCT OF SHAREHOLDERS' FUNDS FROM 200 PCT- CENTRAL BANK CIRCULAR SEEN BY REUTERS.

  • Sergio Ermotti, CEO of UBS, says he is confident the bank has started to address the litigation issues but the timescale for resolution is out of his hands.

  • Geopolitics concerning clients: UBS CEO     Tuesday, 28 Oct 2014 | 2:40 AM ET

    Sergio Ermotti, CEO of UBS, says geopolitical issues need to be resolved before clients come back to the market with a "constructive attitude".

  • Stress tests 'credible and tough': UBS CEO     Tuesday, 28 Oct 2014 | 2:00 AM ET

    Sergio Ermotti, CEO of UBS, says the ECB's stress tests were "credible and tough", adding that the banking sector still faces "a lot of headwinds".

  • UBS warns on $1.9B litigation charges Tuesday, 28 Oct 2014 | 3:21 AM ET
    A delivery man passes in front of a UBS logo in New York.

    UBS posted forecast-beating net profits of $802 million but warned on litigation charges of $1.9 billion.

  • No sign of mistrust as U.S. clients flock to big banks Monday, 27 Oct 2014 | 11:00 PM ET

    WASHINGTON, Oct 27- The five biggest U.S. retail banks added 25 million new deposit accounts since 2010, a study showed on Monday, a sign that banks can continue to grow despite a lack of public trust after the credit crisis. U.S. Bancorp added 4.7 million new deposit accounts in the four years between March 2010 and 2014, a 40 percent rise, the study showed.

  • Could China end up in a liquidity trap?     Monday, 27 Oct 2014 | 9:12 PM ET

    Viktor Shvets, Head of Strategy Research, Asia at Macquarie, describes the indicators which suggest that China could be facing a liquidity trap.

  • SYDNEY, Oct 28- The U.S. dollar nursed modest losses early on Tuesday, having slipped broadly in a sluggish session overnight on expectations of more dovish comments from the Federal Reserve. It also ceded a bit of ground against the euro, which last traded at $1.2698 off Monday's low of $1.2665. The common currency had risen as high as $1.2723, but failed to break...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. Europe had gained credibility, said Karen Petrou, co-founder of Federal Financial Analytics in Washington. Federal Reserve was still...

  • *Morgan Stanley strategists remain' overweight banks'. PARIS/ LONDON, Oct 27- European stocks fell on Monday as investors booked recent gains after the European Central Bank review of the region's banks and a German business sentiment index dropped to its lowest in almost two years. Among the few gainers, shares in Austria's Erste Group Bank added 3.5 percent and...

  • BOGOTA, Oct 27- Colombia's central bank will hold its benchmark interest rate at 4.5 percent until at least the end of the year because of economic uncertainty at home and abroad, according to a Reuters survey on Monday, while the peso will continue depreciating. "Being conscious of the moderation in local economic growth in the second half of the year, it still...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 firms would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019,...

  • PRECIOUS-Gold falls on oil drop; Fed meeting in focus Monday, 27 Oct 2014 | 12:13 PM ET

    NEW YORK/ LONDON, Oct 27- Gold dropped on Monday as crude oil prices tumbled, but further losses were limited by recovering physical demand and expectations the Federal Reserve will wait a long while before hiking interest rates. Gold, however, was underpinned as China's net gold imports from Hong Kong jumped to a six-month high in September.

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT /9.30 AM ET Monday, 27 Oct 2014 | 10:08 AM ET

    MILAN- Italy's Monte dei Paschi di Siena is likely to try to plug a capital shortfall uncovered by Europe- wide stress tests through asset sales and possibly another cash call, but longer term a takeover could be inevitable. LONDON- Europe's banking healthcheck showed countries and lenders are implementing global capital rules at vastly different speeds, and...

  • *Gold steadies after three-day losing streak. LONDON, Oct 27- Gold steadied on Monday ahead of this week's Federal Reserve meeting, with a retreat in the dollar and a softer tone to stock markets after downbeat German economic data helping the metal snap three straight days of losses. Gold's outlook this week will depend largely on a Fed policy meeting, when the U.S....

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