China's banks this week found themselves turning away would-be depositors as they scrambled to comply with new rules. The Financial Times reports.» Read More
*Physical markets in Asia show weak demand. LONDON, June 18- Gold steadied on Wednesday ahead of the conclusion of a two-day U.S. A high reading for U.S. inflation on Tuesday raised expectations that Federal Reserve Chair Janet Yellen might strike a more hawkish tone, signaling a sooner-than-expected rise in interest rates.
JPMorgan was again ranked the top investment bank by revenue in the first quarter with $5.9 billion, according to a new survey.
*Sterling trades just below $1.70 before BoE minutes. LONDON, June 18- The dollar held firm on Wednesday after a surprisingly high reading for U.S. inflation raised expectations that Federal Reserve Chair Janet Yellen could strike a more hawkish tone on the monetary policy outlook.
LONDON, June 18- The dollar held its gains on Wednesday after a broad firming on the back of higher-than-expected U.S. consumer prices for May that has fanned speculation that the Federal Reserve may inch closer towards hiking interest rates. In the European session, the focus will be on the minutes from the Bank of England's last policy meeting.
SINGAPORE, June 18- Gold was trading in a tight range on Wednesday as a firmer dollar and outflows from bullion funds sapped demand, with many investors waiting for the Federal Reserve to conclude its two-day policy meeting before placing big bets on the metal. *Spot gold was little changed at $1,270.94 an ounce by 0028 GMT, after ending flat in the previous session.
Federal Reserve's Federal Open Market Committee announces decision on interest rates, followed by Federal Reserve chair Janet Yellen's quarterly news conference- 1830 GMT. LONDON- UK Finance Minister George Osborne hosts First UK/China Financial Forum.
NEW YORK, June 17- The U.S. dollar rose on Tuesday as news of a stronger-than-expected pickup in inflation supported the view the Federal Reserve might raise interest rates sooner than some traders had thought.
Wall Street stocks rose modestly, reversing earlier declines, though investors kept a watch on the turmoil in Iraq as the Federal Reserve began its two-day policy meeting. Oil traders, after initial calm on the absence of an escalation in the Iraq crisis overnight, continued to push prices higher.
LONDON, June 17- German two-year bond yields traded near one-year lows on Tuesday, as the European Central Bank released tens of billions of euros into the euro zone banking sector, anchoring short-term interest rates around zero.
NEW YORK, June 17- U.S. stocks bounced back from earlier declines Tuesday to gain modestly as investors shrugged off weaker-than-expected housing data and the latest flaring of tensions in Iraq, and as the Federal Reserve began a two-day policy meeting.
*Caution ahead of Fed meeting, concerns about Iraq crisis. NEW YORK, June 17- The U.S. dollar rose on Tuesday as news of a stronger-than-expected pickup in inflation supported the view the Federal Reserve might raise interest rates sooner than some traders had thought.
JPMorgan is launching its first exchange-traded fund on Tuesday.
NEW YORK, June 17- U.S. stocks were set for a modestly lower open Tuesday on weaker than expected data on the housing market as the Federal Reserve prepared to begin a two-day policy meeting.
WASHINGTON, June 17- Wells Fargo, State Street and JPMorgan Chase& Co are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by U.S. regulators that's meant to mitigate taxpayer losses in another financial crisis, according to a Reuters analysis.
NEW YORK, June 17- U.S. stock index futures edged higher on Tuesday, ahead of impending data on housing and inflation, and as the Federal Reserve prepared to begin a two-day policy meeting. *The S&P 500 has advanced over the past two sessions and is down 0.7 percent from its record close on June 9 as escalating violence in Iraq has given investors reason for caution.
Three major banks are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by U.S. regulators.
*Gold falls after hitting 3- week high in previous session. LONDON, June 17- Gold fell on Tuesday as investors withdrew money from the top bullion fund before a Federal Reserve meeting, while platinum traded flat as details had yet to emerge on a wage agreement in the South African mining sector.
*ECB to release 108 billion euros into banking system. LONDON, June 17- German two-year bond yields held close to one-year lows on Tuesday as the market braced for a liquidity boost from the European Central Bank that is expected to keep downward pressure on short-term interest rates.
U.S. investment bank Goldman Sachs is the employer of choice for those working in the financial services sector globally, a new survey shows.
HONG KONG, June 17- China shares fell on Tuesday after data showed the amount of new foreign direct investment that China attracted in May shrank by the most in 16 months. Industrial and Commercial Bank of China shed 1.3 percent and smaller Industrial Bank slumped 1.5 percent.
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