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  • PIMCO SAYS FORMER FEDERAL RESERVE CHAIRMAN BEN BERNANKE PARTICIPATED AT FIRM'S CYCLICAL OUTLOOK FORUM LAST WEEK IN NEWPORT BEACH.

  • MOSCOW, Dec 18- Russia will provide state development bank Vneshekonombank with 30 billion roubles in additional capital, Prime Minister Dmitry Medvedev said on Thursday, part of measures to shield banks from Western economic sanctions. VEB is among a number of state banks sanctioned by the West over Russia's role in the Ukraine crisis, meaning its access to...

  • NEW YORK, Dec 18- Factory activity in the U.S. mid-Atlantic region grew at a slower pace in December, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to 24.5 from 40.8 the month before. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.

  • FRANKFURT, Dec 18- The European Central Bank said on Thursday it would start publishing accounts of its monetary policy meetings next year, a move that will raise the ECB's transparency but still leave it behind other big central banks. The ECB will begin publishing the accounts of Governing Council discussions starting with the meeting on Jan. 22.

  • NEW YORK, Dec 18- The U.S. dollar rose against major currencies for a second straight session on Thursday after the Federal Reserve signaled it would hike rates next year and the Swiss National Bank's statement that it would introduce negative interest rates. "The dollar strength today is a continuation of the Fed reaction," said currency strategist Vassili...

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday after its central bank announced a charge on deposits, wary of a flood of money exiting Russia and likely inflows from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent weeks calmed a touch as oil rose for a second day, although the pressure was still on Russia's rouble...

  • *Governor Godwin Emefiele says wants to stop speculators. LAGOS, Dec 18- Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the ailing naira currency, the governor said on Thursday. Godwin Emefiele told Reuters in a phone interview that he believed the current naira band, set last month, was "...

  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • *Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble ahead of an end-of-year address...

  • MOSCOW, Dec 18- Russian President Vladimir Putin said on Thursday the central bank and government were taking adequate measures to support the rouble and that Russia's current economic situation was casued by external factors. He told his annual end-of-year news conference: "I believe that the central bank and the government are taking adequate measures."

  • PARIS, Dec 18- European stocks rose early on Thursday, tracking a rally on Wall Street after the U.S. At 0804 GMT, the FTSEurofirst 300 index of top European shares was up 1.4 percent at 1,335.46 points. Fed Chair Janet Yellen told a news conference that "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of...

  • MOSCOW, Dec 18- The Russian government proposed providing up to 1 trillion roubles in additional capital to support the banking sector, a draft law posted on the lower house of parliament's web site showed on Thursday.

  • RUSSIAN GOVT SUBMITS DRAFT LAW ON PROVIDING ADDITIONAL CAPITAL TO BANKING SECTOR FOR UP TO 1 TRLN RBLS- RIA.

  • TOKYO, Dec 18- Japanese stocks enjoyed their best day in 6-1/ 2 weeks on Thursday after the U.S. Federal Reserve expressed confidence in the U.S. economy and promised a "patient" approach to raising interest rates, boosting Wall Street shares. Exporters Toyota Motor Co and Canon Inc climbed 1.5 percent and 1.7 percent respectively, benefitting from a weaker yen.

  • Fed eyes audit push as key political challenge in 2015 Thursday, 18 Dec 2014 | 1:00 AM ET

    Federal Reserve is lobbying to stem a rising threat to its independence as the "Audit the Fed" movement, once seen as usual background noise, looks set to gain momentum in 2015 when Republicans gain control of both houses of Congress. Fed officials are making their case for independence across Capitol Hill, reminding politicians of the damage that can come from...

  • *Wall St racks up biggest daily gain this year. SYDNEY, Dec 18- Asian share markets rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus. In Asia, Japan's Nikkei jumped 2.4 percent, while stocks in Australia climbed 1.8 percent...

  • TOKYO, Dec 18- The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. The dollar index rose to 89.109, flat in Asia but having risen 1.0 percent on Wednesday and coming within a striking...

  • SINGAPORE, Dec 18- Gold hovered near its weakest level in more than two weeks on Thursday after the Federal Reserve signaled it was on track to increase interest rates next year as the U.S. economy strengthens. *Spot gold was up 0.1 percent at $1,189.86 an ounce by 0023 GMT, not far above Wednesday's trough of $1,183.73 which was its lowest point since Dec. 1.

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, which Fed Chair Janet Yellen, at a news conference,...

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