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  • TORONTO, Jan 21- Canada's main stock index rallied on Wednesday after the central bank cut its benchmark rate in a shock move, helping boost shares of energy companies as well as interest-sensitive banks and other financial issues. "The Bank of Canada's surprise cut to its overnight rate will help to buffer against the impact on employment, household incomes and...

  • OTTAWA, Jan 21- The Bank of Canada stunned markets by cutting interest rates on Wednesday, citing a threat to economic growth and its inflation targets from the dramatic drop in oil prices and said the bank stood ready to ease policy further if necessary. Governor Stephen Poloz said the central bank's surprise move to stimulate the economy provides "insurance"...

  • Not only have the Indian, Danish and now Canadian central banks surprised with interest rate cuts, the Swiss National Bank confounded expectations last week by abandoning its vow to cap the value of the franc against the euro just days after calling the peg a "cornerstone" of Swiss monetary policy. Virtually no economist expected the Bank of Canada to cut rates, as...

  • TD CEO: No deflation yet   Wednesday, 21 Jan 2015 | 3:17 PM ET
    TD CEO: No deflation yet

    Fred Tomczyk, TD Ameritrade President & CEO, discusses disinflation trends in the economy, and the company's quarterly earnings.

  • *Yields rise on ECB bond purchase reports, Canada rate cut. Treasury yields rose on Wednesday as investors unwound positions on reports that European Central Bank has proposed 50 billion euros worth of monthly bond purchases, and after the Bank of Canada made a surprise interest rate cut. The Bank of Canada surprise cut played havoc, with the yield curve going...

  • LONDON, Jan 21- The Swiss currency shock has raised an awkward question many investors have been fearful of asking- what if central banks become as unpredictable and fallible as they are powerful? The Swiss National Bank's sudden decision to abandon its three-year-old cap on the franc- the "cornerstone" of its monetary policy just three days before- led to the...

  • OTTAWA/ FRANKFURT, Jan 21- The Bank of Canada joined the list of "unpredictable" central banks on Wednesday with a shock quarter point rate cut as the European Central Bank prepared a 600 billion euro bond-buying program aimed at lifting Europe out of its economic doldrums. The global economy outside of the United States has turned distinctly gloomy, with Japan...

  • *Sydney, London, Frankfurt among global yuan trading centers. DAVOS/ ZURICH, Jan 21- Switzerland's central bank said on Wednesday it had agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • *Sydney, London, Frankfurt among global yuan trading centers. ZURICH, Jan 21- Switzerland's central bank said on Wednesday it has agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • Washington has ZERO credibility: Bill Ehrman Wednesday, 21 Jan 2015 | 12:28 PM ET
    Speaker of the House John Boehner (R) listens to President Barack Obama deliver the State of the Union address on January 20, 2015 in the House Chamber of the U.S. Capitol in Washington, DC.

    Recent moves by the Swiss and Chinese are about one thing: credibility. Washington, on the other hand, has zero credibility, says hedge-fund manager Bill Ehrman.

  • ZURICH, Jan 21- Switzerland's central bank said on Wednesday that it agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for Swiss investors. Alongside the pact, the PBOC will extend a pilot scheme for foreign investors to Switzerland with a quota of up to 50 billion yuan.

  • Europe needs structural reform: Dimon   Wednesday, 21 Jan 2015 | 11:45 AM ET
    Europe needs structural reform: Dimon

    JPMorgan's James Dimon, shares his thoughts on monetary policy in America and central banking in Europe.

  • Dimon: Economy's pretty good   Wednesday, 21 Jan 2015 | 11:44 AM ET
    Dimon: Economy's pretty good

    "We have it really good," says JPMorgan's James Dimon, providing his outlook on the U.S. economy and discussing what issues need to be addressed to keep America strong.

  • JPM's Dimon: Diversification makes us stronger   Wednesday, 21 Jan 2015 | 11:38 AM ET
    JPM's Dimon: Diversification makes us stronger

    Jamie Dimon, JPMorgan president & CEO, responds to the Goldman Sachs report suggesting JPMorgan would be worth more broken up.

  • Don't invest in banks if you want certainty: Dimon Wednesday, 21 Jan 2015 | 12:29 PM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co. at 2015 WEF in Davos, Switzerland.

    Investors who want certainty about legal costs for financial firms should not buy bank stocks, JPMorgan's Jamie Dimon tells CNBC.

  • My focus on building JPM: Dimon   Wednesday, 21 Jan 2015 | 11:41 AM ET
    My focus on building JPM: Dimon

    JPMorgan president & CEO James Dimon, discusses maneuvering through the mortgage crisis and paying for fines levied against the bank.

  • Jamie Dimon: Banking's regulatory reality   Wednesday, 21 Jan 2015 | 11:30 AM ET
    Jamie Dimon: Banking's regulatory reality

    JPMorgan president & CEO James Dimon, discusses his comments on banking regulations and the record year for financials.

  • *Canadian dollar touches C $1.2420 vs US$, or C $80.52 U.S. cents. *Bank of Canada cuts overnight rate to 0.75 percent, slashes outlook. TORONTO, Jan 21- The Canadian dollar on Wednesday plunged more than 2 percent to its weakest since April 2009 after the Bank of Canada shocked financial markets with an interest rate cut, while bond yields fell to record lows across the...

  • NEW YORK, Jan 21- The dollar fell against the euro on Wednesday after published reports indicated the European Central Bank has proposed a smaller bond-buying program than expected, while the dollar slipped against the yen after the Bank of Japan left its stimulus program unchanged. The euro hit a nearly one-week high against the dollar of $1.168 after the Wall...

  • 2015: A year of volatility?   Wednesday, 21 Jan 2015 | 10:15 AM ET
    2015: A year of volatility?

    At Davos, Christian Meissner, head of global corporate and investment banking at Bank of America Merrill Lynch, talks about the current state of investment banking business and the impact of volatility in the markets.

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