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  • NEW YORK, March 18- The dollar plunged across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. The dollar also dropped 3 percent versus the Swiss franc, posting its worst daily performance since Jan. 15,...

  • Yellen says inquiry into 2012 Fed leak ongoing Wednesday, 18 Mar 2015 | 4:36 PM ET

    March 18- The U.S. central bank's internal watchdog is probing an alleged leak of confidential information from a 2012 meeting, Federal Reserve Chair Janet Yellen confirmed on Wednesday in her first public comments on the matter. In early October 2012, Medley Global Advisors told its clients the details of a key Fed meeting a day before the Fed released its own...

  • WASHINGTON, March 18- The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal levels. "Just because we removed the word' patient' from the statement doesn't mean we're going to be impatient," Fed...

  • *Indexes up: Dow 1.3 pct, S&P 1.2 pct, Nasdaq 0.9 pct. NEW YORK, March 18- U.S. stocks rallied on Wednesday after the Federal Reserve suggested a less aggressive timeline for raising interest rates even as it opened the door for the first hike in almost a decade. "By lowering its expectations for the pace at which rates will rise, it sent a clear signal that it is in no hurry to...

  • GLOBAL MARKETS-U.S. shares, oil jump after Fed statement Wednesday, 18 Mar 2015 | 3:39 PM ET

    *Wall Street stocks rise after Fed relieves rate hike worries. NEW YORK, March 18- Stocks on Wall Street surged and oil prices jumped as much as 5 percent on Wednesday after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates even as it moved toward its first rate hike in almost a decade. Stocks on Wall Street rebounded...

  • US STOCKS-Wall St surges as Fed statement offers relief Wednesday, 18 Mar 2015 | 3:31 PM ET

    *Indexes up: Dow 1.3 pct, S&P 1.4 pct, Nasdaq 1.2 pct. NEW YORK, March 18- U.S. stocks rallied on Wednesday after the Federal Reserve cut its expected pace of growth and inflation, suggesting a less aggressive timeline for raising interest rates even as it opened the door for the first rate hike in almost a decade. "By eliminating' patient' from its guidance it removed an...

  • NEW YORK, March 18- Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates despite being open to the first rate hike in almost a decade. Brent closed up $2.40, or 4.5 percent, at $55.91 a barrel, after rallying more than $3 after the Fed statement.

  • NEW YORK, March 18- The dollar tumbled across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. As expected, the U.S. Central Bank dropped the word "patient" from its statement in terms of raising interest...

  • ANALYSIS-ECB's money printing may stymie cash generators Wednesday, 18 Mar 2015 | 3:00 PM ET

    LONDON, March 18- The European Central Bank may well be printing money via its landmark government bond buying programme, but it could also be destroying some of the financial system's own printing presses in the process. Little over a week after the ECB launched its 1 trillion euro' quantitative easing' campaign, financial markets are fretting that there is a...

  • *SPDR Gold Trust dropped 0.4 pct on Tuesday. NEW YORK/ LONDON, March 18- Gold prices surged more than 2 percent on Wednesday, on track for the biggest rally since January after the Federal Reserve signaled a more cautious outlook for U.S. economic growth, and the dollar tumbled. "The Fed is now on the launching pad at Cape Canaveral; however, whether the mission is Apollo...

  • WASHINGTON, March 18- The Federal Reserve on Wednesday opened the door further for an interest rate hike as early as June, ending its pledge to be "patient" in normalizing monetary policy. But the U.S. central bank signaled a more cautious outlook for U.S. economic growth and slashed its projected interest rate path, in a sign that it remains concerned about the...

  • *Prices for new homes in China fell at record pace in Feb. LONDON, March 18- Copper took its biggest fall since late January on Wednesday, weighed down by economic weakness in top consumer China and expectations the Federal Reserve will prepare the ground for an increase in U.S. interest rates. In China there was more evidence of economic weakness after prices for...

  • BUENOS AIRES/ NEW YORK, March 18- Argentina will not allow Citigroup Inc. to exit its local custody business, a senior source in the government said on Wednesday, setting up a possible showdown between the leftist government and the banking giant over sovereign debt payments. The bank has found itself at the center of a bitter court battle between Argentina and a...

  • NEW YORK, March 18- Stocks on Wall Street slipped and shares in Europe rose on Wednesday, reflecting diverging policies between the Federal Reserve and the European Central Bank, while oil prices fell as data showed U.S. crude inventories hit a record high. The FTSEurofirst 300 index of top European shares rose 0.33 percent to close at a provisional 1,589.07,...

  • *Alibaba shares little changed as lockup expires. *FedEx falls after lower outlook. NEW YORK, March 18- U.S. stocks fell on Wednesday ahead of a highly anticipated statement and news conference by the Federal Reserve later in the session, with the Fed seen giving clearer clues on how soon it plans to tighten monetary policy.

  • Riksbank cuts rates to be on 'safe side'   Wednesday, 18 Mar 2015 | 11:45 AM ET
    Riksbank cuts rates to be on 'safe side'

    Riksbank has cut its rates again -- to negative 0.25 percent. Stefan Ingves, Governor of Sveriges Riksbank, said they weren't in a currency war, but that inflation has been quite low for a while, and the Riksbank wants to be on "the safe side."

  • PRECIOUS-Gold steady as Fed seen readying for rate rise Wednesday, 18 Mar 2015 | 11:24 AM ET

    LONDON, March 18- Gold prices were steady on Wednesday, staying near four-month lows, as investors remained cautious pending the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year rise in U.S. interest rates. said Adrian Ash, head of research at online dealer BullionVault.com. Spot gold was unchanged at $1,148.10 an ounce by 1514...

  • STOCKHOLM, March 18- Sweden's central bank cut its key repo rate further into negative territory on Wednesday and expanded its bond purchases, saying it was ready to take more measures as a stronger crown threatened to snuff out a pick up in inflation. Sweden's central bank has slashed rates to historic lows to reverse a year-long fall in consumer prices.

  • LONDON, March 18- Britain will raise at least 9 billion pounds selling shares in Lloyds Banking Group in the coming year as it looks to recover 66 billion pounds of taxpayers' money spent bailing out banks in the financial crisis. Britain spent 20.5 billion pounds rescuing Lloyds during the crisis of 2007-9, leaving it with a 41 percent shareholding.

  • NEW DELHI/ MUMBAI, March 18- India plans to strip its central bank of authority to regulate government bonds but leave it in charge of other money market instruments, setting the stage for a confrontation with Reserve Bank of India Governor Raghuram Rajan. What would be the biggest regulatory shakeup in a generation is expected to overshadow policy meetings...

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