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  • Cashin: Prevent contagion in Portugal     Thursday, 10 Jul 2014 | 9:22 AM ET

    Art Cashin, UBS director of floor operations, discusses how problems in Portugal have spilled over to spook the U.S. stock market.

  • NEW YORK, July 10- The yen hit a five-month high against the euro and an almost two month high against the dollar on Thursday, after concerns about Portugal's largest listed bank and weak Italian economic data hit European shares.

  • *CIMB aims to acquire RHB and Malaysia Building Society. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank in a move that is likely to push larger rival Maybank and others in the region to bulk up too.

  • *Bank of England holds interest rates, as expected. LONDON, July 10- The Bank of England held interest rates at record lows on Thursday but the pace of Britain's recovery looks likely to divide its policymakers soon over when to start weaning the economy off its support.

  • EU shares tank amid Portugal banks fears     Thursday, 10 Jul 2014 | 8:01 AM ET

    CNBC's Karen Tso reports there's a selloff in global markets triggered by disappointing economic data and concerns around troubled Portuguese banks.

  • LONDON, July 10- A mountain of accumulating fines for banks that have broken the rules is making it harder for regulators to work out how much capital lenders need to hold to be safe, Bank of England Deputy Governor Andrew Bailey said on Thursday.

  • *Portugal's PSI share index down 4.4 percent. LONDON, July 10- European shares fell on Thursday as southern European indexes tumbled on weak data from Italy and growing concerns over the financial health of Portugal's largest listed bank.

  • Europe 'papered over' its problems: Pro     Thursday, 10 Jul 2014 | 7:31 AM ET

    Jim Iuorio, TJM Institutional Services shares his thoughts on what's prompting the selloff in European markets.

  • GLOBAL MARKETS-Portugal woes sink European stocks Thursday, 10 Jul 2014 | 7:28 AM ET

    *Earnings, valuations concerns dominate in Europe. LONDON, July 10- Europe's debt-sodden periphery was back at the top of the list of financial concerns on Thursday, troubles around Portugal's biggest listed bank pushing shares sharply lower and quelling demand for an issue of bonds by Greece.

  • Fears surface around Portugal's banks     Thursday, 10 Jul 2014 | 7:08 AM ET

    CNBC's Karen Tso reports European shares fell sharply on weak economic data and fears about Portugal's banks.

  • Bank of England holds steady on rates, split seen soon Thursday, 10 Jul 2014 | 7:00 AM ET

    LONDON, July 10- The Bank of England held interest rates at their record low on Thursday but the pace of Britain's recovery looks likely to split its policymakers soon over when to start weaning the economy off its support.

  • Fed's independence questioned by Republicans again Thursday, 10 Jul 2014 | 5:49 AM ET
    The Federal Reserve building.

    A surge of Republican pressure is bringing the Fed's long-held independence into question again.

  • Hong Kong shares finish higher on Fed relief Thursday, 10 Jul 2014 | 4:08 AM ET

    HONG KONG, July 10- Hong Kong shares ended slightly higher on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

  • MOSCOW, July 10- Russian state companies, the backbone of the economy, can only have accounts at banks with capital of no less than 10 billion roubles or at those with ties to the government, a senior finance ministry official said on Thursday.

  • More litigation for banks ahead: Pro     Thursday, 10 Jul 2014 | 2:40 AM ET

    Alex Koagne, European head of equity analysis on the banking sector at Natixis, says there will be further litigation issues for European banks ahead.

  • LONDON, July 10- European shares edged lower on Thursday, led by Nordic shares after disappointing updates by Norwegian bank DNB and Swedish construction firm Skanska. Norway's largest bank posted lower than expected second-quarter results, partly due to higher loan losses, while Skanska said its Latin American operations showed continued losses.

  • MOSCOW, July 10- The Russian central bank and the Finance Ministry have agreed that state companies will only be allowed to have accounts at banks with capital of more than 10 billion roubles, a senior finance ministry official said on Thursday. The requirement would be lower than an earlier discussed level of 16.5 billion roubles.

  • Ex-UBS exec to head JPMorgan probe-hit China unit Thursday, 10 Jul 2014 | 2:05 AM ET
    David Li, Former UBS' chairman of China operations.

    JPMorgan has picked David Li, formerly of UBS, to head its China business, which has been rocked by a probe into its hiring practices in the region.

  • With Democrats controlling the Senate since the 2008 financial crisis, the bank and its supporters have had the luxury of shrugging off Fed-related laws from the Republican-controlled House of Representatives.

  • *CIMB aims to acquire RHB and Malaysia Building Society- source. KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd is seeking to acquire two lenders to create the country's biggest bank, a source familiar with the deal said, a move that is likely to push larger rival Maybank and others in the region to bulk up too.

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