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  • LONDON, April 30- Gold steadied on Thursday, as the dollar dropped after the Federal Reserve confirmed a recent slowdown in the U.S. economy could hold off any interest rate hike for the time being. Gold, however, failed to entirely capitalise on the weaker dollar, which fell 0.4 percent versus a basket of leading currencies, on prospects the U.S. economy will...

  • TOKYO, April 30- The Bank of Japan pushed back the timeframe for hitting its ambitious inflation target on Thursday but refrained from expanding its already massive stimulus programme, clinging to its conviction that a steady economic recovery will gradually nudge up prices. BOJ Governor Haruhiko Kuroda said he saw no need to ease monetary policy further for...

  • *Euro surges above $1.12 ahead of euro zone inflation. LONDON, April 30- World stock markets and the dollar remained in a sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve. Jefferies' global equity strategist Sean Darby said markets were now having to readjust fast to the...

  • Swiss central bank takes $32 billion first quarter loss Thursday, 30 Apr 2015 | 3:47 AM ET

    BERLIN— Switzerland's central bank says it took a first-quarter loss of 30 billion Swiss francs as the rapid appreciation of the national currency led to high foreign exchange losses. The Swiss National Bank said Thursday that its loss on foreign currency positions alone came in at 29.3 billion Swiss francs in the quarter, which ended March 31, while the value...

  • Won't rule out acquisitions abroad: Banco Popular CFO

    Banco Popular CFO, Francisco Sancha, says the bank intends to keep growing its market share in Spain, but won't rule out acquisitions abroad.

  • *Governor Kuroda to brief media 0630 GMT. TOKYO, April 30- The Bank of Japan trimmed its consumer price forecasts on Thursday and pushed back the timeframe to hit its ambitious inflation target but refrained from expanding its already massive stimulus programme, predicting a recovering economy will gradually nudge prices higher. It will keep increasing base...

  • MOSCOW, April 28- Russia's central bank is expected to further trim its main lending rate on Thursday following a sharp rally in the rouble and as inflation expectations ease. Central bank Governor Elvira Nabiullina said earlier this month that the stronger rouble should allow the bank to lower its key rate. "We scaled down our expectations for a rate cut from...

  • Thai central bank relaxes curbs on capital flows Thursday, 30 Apr 2015 | 12:51 AM ET

    BANGKOK, April 30- Thailand's central bank on Thursday relaxed curbs on capital outflows, a move aimed at weakening a strong baht that has hurt the country's exports. Thailand will allow Thais to freely purchase foreign currencies for deposit up to a limit of $5 million, the Bank of Thailand said in a statement. It will also allow Thais to purchase properties...

  • BOJ keeps policy steady, eyes on new CPI forecasts Thursday, 30 Apr 2015 | 12:07 AM ET

    TOKYO, April 30- The Bank of Japan maintained its massive monetary stimulus on Thursday, holding off on additional easing for now on hope that rising wages and an expected rebound in private consumption will nudge inflation towards its 2 percent target. As widely expected, the BOJ left unchanged its pledge to increase base money, or cash and deposits at the...

  • Chinese banks' NPL ratio still a key issue: S&P   Wednesday, 29 Apr 2015 | 9:34 PM ET
    Chinese banks' NPL ratio still a key issue: S&P

    Liao Qiang, China Bank Analyst at S&P, discusses the share of non-performing loans in Chinese banks.

  • This is squeezing profit growth of Chinese banks   Wednesday, 29 Apr 2015 | 6:36 PM ET
    This is squeezing profit growth of Chinese banks

    Chinese major lenders saw a "definite decline" in first-quarter net profit because of asset deterioration, says Martin Smith, senior markets analyst at East & Partners.

  • *Fed says economy slowdown is transitory. WASHINGTON, April 29- The Federal Reserve downgraded its view of the U.S. labor market and economy on Wednesday in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates. The Fed's statement put in place a meeting-by-meeting approach on the...

  • *Beijing urging banks to support small businesses. BEIJING, April 30- Private entrepreneurs in China are voicing unprecedented criticism of government, encouraged by policies and rhetoric from Beijing emphasising support for the most productive sectors of the economy. In the past two weeks, Premier Li Keqiang has exhorted Chinese banks to cut their fees and...

  • WASHINGTON, April 29- The Federal Reserve has set up a new system for holding press conferences by telephone, increasing the central bank's flexibility to explain an interest rate hike in months when one of its quarterly press sessions is not already scheduled. The U.S. central bank held a conference call with reporters on Wednesday to test the system, a new...

  • *Fed says economy slowdown is transitory. WASHINGTON, April 29- The Federal Reserve downgraded its view of the U.S. labor market and economy on Wednesday in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates. The Fed's statement put in place a meeting-by-meeting approach on the...

  • FOREX-Dollar drops to nine-week low as U.S. GDP weighs Wednesday, 29 Apr 2015 | 3:49 PM ET

    Q1 GDP growth much lower than expected. NEW YORK, April 29- The dollar sank to a nine-week low on Wednesday after data showed the U.S. economy grew much more slowly than expected in the first quarter, reinforcing expectations for a gradual pace of interest rate rises by the Federal Reserve. "The fact that policymakers continue to view the key drivers of the slower...

  • US STOCKS-Wall St cuts losses following Fed statement Wednesday, 29 Apr 2015 | 2:36 PM ET

    April 29- U.S. stocks were down slightly on Wednesday after a Federal Reserve statement pointed to labor and other areas of U.S. economic weakness, suggesting it was in no rush to raise interest rates. The central bank's policy statement puts it on track to begin a meeting-by-meeting approach toward deciding when to raise rates, which would be the first hike since...

  • NEW YORK, April 29- U.S. stocks briefly added to losses on Wednesday following a Federal Reserve statement that pointed to weakness in the labor market and economy in a sign that the central bank is struggling to proceed with plans to raise interest rates this year.

  • Traders keep bets on December for first Fed rate hike Wednesday, 29 Apr 2015 | 2:14 PM ET

    April 29- U.S. short-term interest-rate futures contracts dropped slightly on Wednesday after the Federal Reserve acknowledged a weak start to growth this year, but attributed the slowdown to transitory factors. Traders are betting December will likely mark the start of the Fed's long-anticipated rate-hike cycle, based on CME FedWatch, which tracks rate...

  • WASHINGTON— Federal Reserve downgrades view on economy, keeps key interest rate at record low.

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