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*Investors look to Turkey central bank policy meeting. LONDON, Jan 28- Emerging markets steadied after three days of intense selling on Tuesday, as investors waited to see if Turkey, one of the epicentres of the rout, would hike interest rates to defend its battered lira.
HONG KONG, Jan 28- China shares eked out gains on Tuesday, buoyed by the Chinese banking sector after the central bank injected more cash and a trust firm agreed to a deal that averted a possible default for a wealth-management product.
Ismael Pili, Head of Financials Research, Asia at Macquarie Securities, says investors should hold out on Chinese bank equities until real action is taken to solve liquidity issues.
Shrikant Bhat, Head of Wealth Management at Citibank Singapore, explains why recent financial problems from a Chinese trust fund won't impact investor sentiment.
SHANGHAI, Jan 28- The central bank guided the yuan lower on Tuesday after the dollar rose in global markets, but trading remained range-bound in the run-up to a holiday that will see foreign exchange transactions halted for a week as markets shut. There hasn't been any change, "said a dealer at a city commercial bank in Shanghai.
TOKYO, Jan 28- Asian shares were pinned near five-month lows on Tuesday as concerns that slower growth in China and reduced U.S. monetary stimulus could hurt some emerging economies dependent on exports and foreign capital. But markets are getting nervous, "said Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank.
TOKYO/ SINGAPORE, Jan 28- The dollar regained a firmer footing against the yen on Tuesday, as expectations the U.S. The U.S. central bank is seen as likely to slice another $10 billion from its bond buying, as they focus more on the recovering U.S. economy and less on the recent rumbles in emerging markets.
TOKYO, Jan 28- The dollar regained a firmer footing against the yen on Tuesday, as expectations the U.S. The U.S. central bank is seen as likely to slice another $10 billion from its bond buying, as they focus more on the recovering U.S. economy and less on the recent rumbles in emerging markets. "We expect the Fed taper to continue at a pace of $10 billion per meeting.
WELLINGTON, Jan 28- New Zealand's central bank is on the verge of becoming the first developed country to raise interest rates in the current cycle, with market pricing suggesting a hike at this week's meeting is a close call.
A Chinese trust firm said on Monday it had reached an agreement to resolve a troubled high yield investment product.
Paul Gruenwald, Chief Economist, Asia Pacific at Standard and Poor's, explains why fears of a new credit crunch in China may be overblown.
RBS is taking billions of pounds in extra charges to cover the cost of past misdeeds, sending it deep into the red.
HONG KONG, Jan 28- A foreign investor has moved to sever ties with Mongolia's largest private lender, Golomt Bank, because of its concerns over the lender's weak corporate governance standards, according to documents and a source familiar with the matter.
Chinese investors face a potential high-profile default. CNBC's Eunice Yoon discusses China's emerging credit threat.
NEW YORK/ LONDON, Jan 27- Gold fell around 1 percent on Monday, retreating from a two-month high earlier in the session, as a steadier U.S. equities market and jitters ahead of a key Federal Reserve meeting this week triggered profit taking.
*ECB conducts Asset Quality Review for 130 banks. LONDON, Jan 27- The euro zone's grand plan to clean up its banks could falter because the European Central Bank lacks the power to force bankers, constrained by accounting rules, to accept regulators' view of the risks on their books. Estimates of the banks' total capital shortfall have been as high as $1 trillion.
JERUSALEM, Jan 27- Banking applications on Android phones are most vulnerable to cyber crime, the chief executive and co-founder of Russian anti-virus software maker Kaspersky Lab said on Monday. Eugene Kaspersky said 99 percent of mobile attacks are towards Android-based phones, since Apple has strict controls and does not allow third-party applications.
BRUSSELS/ LONDON, Jan 27- Europe will consider how to challenge the dominance of its big banks this week, but any new rules to isolate risky trading will take years to begin and there will be no attempt to split off market betting from deposit taking.
John Rutledge, SAFANAD chief investment strategist, and Leland Miller, China Beige Book International president, share their thoughts on China's structural problems and whether the country is facing a banking crisis.
LONDON, Jan 27- Gold prices eased on Monday, retreating from the 10- week highs they hit overnight on the back of weakness in global stocks, as traders cashed in gains in the metal ahead of a key Federal Reserve meeting this week. Spot gold was at $1,263.60 an ounce by 1239 GMT, down 0.4 percent, having hit its highest since mid-November overnight at $1,278.01 an ounce.