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  • LONDON, Jan 28- Stocks and the dollar retrenched on Wednesday amid speculation the Federal Reserve will take a dovish turn in its post-meeting statement later as signs emerge that the greenback's strength is hurting company profits. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts saw European shares...

  • *Surprise monetary easing in Singapore helps U.S. dollar. LONDON, Jan 28- The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting. "The Fed is going to be patient and we could see investors price out chances of a...

  • Citi to change screening process that hurts unbanked Wednesday, 28 Jan 2015 | 6:28 AM ET

    Citibank has reached an agreement with New York Attorney General to change its screening processes for checking and savings accounts.

  • *Dollar up on surprise monetary easing in Singapore. LONDON, Jan 28- Gold eased on Wednesday as the dollar steadied on expectations the Federal Reserve is unlikely to deliver significant changes to its policy outlook, though concerns about the global economy might push back the timing of a rate rise. "I don't think we can expect a big change in the Fed's policy...

  • STOCKHOLM, Jan 28- Sweden's central bank may be the next to adopt unconventional policies to fight falling prices, but it is unlikely to match the impact of others as the bond market is small, yields are low and banks are already flush with cash. The U.S. Federal Reserve and Bank of England have taken similar steps. While growth in Sweden looks relatively solid at an...

  • RUSSIAN CENTRAL BANK EXPECTS RETAIL LENDING GROWTH TO SLOW, COULD BE CLOSE TO ZERO IN 2015- FIRST DEPUTY GOVERNOR.

  • RUSSIAN CENTRAL BANK EXPECTS BANKS' EARNINGS TO DROP TO 200- 300 BILLION ROUBLES IN 2015- FIRST DEPUTY GOVERNOR.

  • BEIJING, Jan 28- Chinese regulators will launch a fresh investigation into stock margin trading, and banks have been told to tighten supervision of their lending practices to ensure loans aren't funnelled into stock markets, three sources with direct knowledge of the matter told Reuters. The China Securities Regulatory Commission and the China Banking...

  • *Surprise monetary easing in Singapore helps U.S. dollar. LONDON, Jan 28- The dollar rose against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, on expectations the Federal Reserve is unlikely to deliver significant changes to its policy outlook. "The Fed is going to be patient and we could see investors price out chances of a...

  • Hong Kong key index rose on Fed hopes Wednesday, 28 Jan 2015 | 3:13 AM ET

    Jan 28- Hong Kong's key share index rebounded on Wednesday as investors speculated that the Federal Reserve may delay raising interest rates until the second half of the year. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings Ltd, unchanged at HK $0.02, Mission Capital Holdings Ltd, up 40.0 percent at HK $0.14 and China...

  • Yahoo Inc gained more than 6 percent in after-hours trading on its plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand its prized e-commerce investment over to shareholders. European shares were expected to keep their bullish tone since the European Central Bank unveiled quantitative easing last week,...

  • WASHINGTON, Jan 28- The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by...

  • MELBOURNE, Jan 28- London copper moved away from 5-1/ 2- year lows on Wednesday, propped up by a weaker dollar after a drop in U.S. capital goods orders sparked talk the Federal Reserve might push back its timeline for raising interest rates. Copper prices have been walloped by persistent signs of weakening growth in top user China as well as sickly European demand...

  • MELBOURNE, Jan 28- London copper climbed away from 5-1/ 2 year lows on Wednesday, propped up by a weaker dollar after worsening U.S. durable goods orders sparked concerns the Federal Reserve may push back its timeline for raising interest rates at a meeting later in the session. *Three-month copper on the London Metal Exchange climbed by 0.7 percent to $5,458 a...

  • SINGAPORE, Jan 28- Singapore's central bank on Wednesday reduced the slope of its monetary policy band in an unexpected easing of policy ahead of its scheduled review in April. "Since the last Monetary Policy Statement in October, developments in the global and domestic inflation environment have led to a significant shift in Singapore's CPI inflation...

  • UPDATE 1-Canada's RBC and BMO move to cut prime rates Tuesday, 27 Jan 2015 | 5:04 PM ET

    TORONTO, Jan 27- Royal Bank of Canada, the country's biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut. Canada's biggest banks, which also include Toronto-Dominion Bank, Bank of Nova Scotia,...

  • TORONTO, Jan 27- The Royal Bank of Canada, Canada's biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut. It is the first of Canada's big six banks to cut its prime lending rate in the wake of the Bank of...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate customers after "...

  • ZURICH, Jan 27- UBS said on Tuesday it had introduced a charge on deposits for certain large account balances in Switzerland, in a move which follows the surprise jump in the Swiss franc's exchange rate earlier this month. The Swiss National Bank shocked financial markets on Jan. 15 by removing a three-year-old cap on the franc's value against the euro and...

  • JOHANNESBURG, Jan 27- Wrapping up a monetary policy speech last week, Nigerian central bank governor Godwin Emefiele declared that the naira, which has crumpled to 190 to the dollar with the drop in oil prices, was "appropriately priced". However, when currency dealers in Lagos and other financial centres in Africa and Europe got to work the next morning and turned...

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