The World Bank said it plans to provide Ukraine up to $3 billion in 2014 to support the country's new government in the midst of its current crisis.» Read More
NEW YORK, Nov 6- U.S. stock index futures rose on Wednesday on the possibility the Federal Reserve may keep stimulus measures in place longer than anticipated ahead of data key later this week on the labor market and economic growth.
LONDON, Nov 6- Last month's dive in euro zone inflation has put a European Central Bank rate cut back on the agenda, but with bank-to-bank lending rates already near zero, markets are struggling to see what difference it might make. In recent months, further ECB cuts had all but been written off.
As smaller lenders in China go public, Dickie Wong, Executive Director at Kingston Securities explains why he still prefers larger state-owned banks.
James Thom, Investment Manager at Aberdeen Asset Management, Asia says he isn't massively adjusting his approach on Indonesia despite slowing growth and inflation risks.
Alberto Gallo, Head of European Macro Credit Research at RBS, says the ECB needs to cut rates to avoid the risk of deflation, but it may not happen this week.
Gerard Debenedetto, CEO at AZ Investment Management, discusses how to gain exposure to the broader Chinese economy through their equal weight active index.
SHANGHAI, Nov 6- China's yuan was steady against the dollar on Wednesday as an abundance of dollar supply offset a slightly weaker central bank midpoint, traders said. The People's Bank of China has set a slew of weaker midpoints recently, guiding the Chinese currency away from the string of all-time highs touched in mid-October.
SYDNEY, Nov 6- Asian stock markets were treading water on Wednesday after upbeat U.S. data fanned speculation the Federal Reserve could start slowing its asset buying as early as next month-- depressing bond prices and lifting the dollar. The air of caution was clear in MSCI's broadest index of Asia-Pacific shares outside Japan which ticked down 0.2 percent.
SAN FRANCISCO, Nov 5- The Federal Reserve should wait for stronger evidence of economic momentum before pulling back on its massive bond-buying program, but should then announce a definitive end to the stimulus, a top Fed official said on Tuesday.
SYDNEY, Nov 6- Asian stock markets got off to a tentative start on Wednesday after upbeat U.S. data fanned speculation the Federal Reserve could start slowing its asset buying as early as next month, lifting bond yields and the dollar.
Bank of America CEO Brian Moynihan told CNBC that consumer health and credit quality are both improving.
Bank of America president and CEO Brian Moynihan told CNBC's Maria Bartiromo that he sees unemployment "working its way down."
*Sterling gains on strong UK services data. NEW YORK, Nov 5- The euro slid against the dollar on Tuesday, hurt by speculation the European Central Bank may signal easier monetary policy or even cut interest rates at its policy meeting this week.
*Sterling gains on strong UK services data. NEW YORK, Nov 5- The euro fell against the dollar on Tuesday, hurt by speculation the European Central Bank may signal easier monetary policy or even cut interest rates this week.
LONDON, Nov 5- Italy's Economy Minister Fabrizio Saccomanni said on Tuesday he expects the European Central Bank will take current euro strength into consideration when it discusses interest rates later this week.
*Gold premiums halve in India after Diwali festival. LONDON, Nov 5- Gold prices fell on Tuesday after a reading of U.S. service-sector business activity came in stronger than expected, lifting the dollar, while the euro retreated ahead of a European Central Bank meeting later this week.
LONDON, Nov 5- Italy's finance minister said on Tuesday he expects the European Central Bank will take current euro strength into consideration when it discusses interest rates. He also said the ECB has a role to play in supporting growth, a statement likely to be interpreted as a call for more monetary policy easing.
*Some banks including HSBC contest proposed penalties. BRUSSELS, Nov 5- EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
*Deutsche Bank's co-CEO and reform leader named a suspect. FRANKFURT, Nov 5- Deutsche Bank's struggle to break with the past and achieve a "cultural transformation" has suffered another setback after co-CEO Juergen Fitschen was implicated in a criminal investigation.
Fabrizio Saccomanni, Italy's minister of economy and finance, says measures are needed to inject liquidity and reduce the euro's strength, and argues that no Italian bank will fail the ECB's stress tests.