Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework.» Read More
SINGAPORE, Dec 10- Gold got off to a shaky start on Tuesday after gaining 1 percent in the previous session, as investors turned their attention to a Federal Reserve policy meeting next week that could provide clues on the outlook for the bank's stimulus. *Spot gold had fallen 0.2 percent to $1,237.94 an ounce by 0020 GMT.
Keith Pogson, Senior Partner, Asia Pacific Financial Services at EY, outlines the hurdles ahead for major banks in complying with the new rules, which could cost them millions.
Foreign banks in China have warned that they will suffer severe from new rules aimed at limiting lending by domestic banks. The FT reports.
WASHINGTON, Dec 9- The U.S. municipal bond market shrank at a record pace in the third quarter, and the amount of bonds held by households, the market's biggest investors, fell to the lowest level in nearly seven years, according to Federal Reserve data released on Monday.
NEW YORK, Dec 9- U.S. stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since Aug. 17, 2012.
The remarks from St. Louis Federal Reserve Bank President James Bullard voicing support for a "small taper" were unexpected.
NEW YORK, Dec 9- U.S. stocks ended slightly higher on Monday as investors awaited more clues from the Federal Reserve on whether the U.S. central bank will soon begin to wind down its economic stimulus. Based on the latest available data, the Dow Jones industrial average edged up 5.52 points, or 0.03 percent, to finish unofficially at 16,025.72.
Federal Reserve official on Monday suggested that farmers consider a path toward internationally accepted standards for genetically modified crops, following rejections of U.S. corn shipments by China.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
*France and Germany divided over breadth of the scheme. BRUSSELS, Dec 9- Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework and fix broken lenders whose problems have festered since the financial crisis.
*Valiant says U.S. clients are less than 1 pct of total. ZURICH, Dec 9- Valiant Holding AG on Monday became the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
NEW YORK, Dec 9- Stock markets worldwide rose on Monday and the euro climbed to a six-week high against the dollar after Chinese trade and inflation data boosted optimism about the global economy.
*HSBC considering floating up to 30 pct of UK business- FT. LONDON, Dec 9- HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders. The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm.
As euro zone membership boosted Slovenia's exports and papered over its Communist past, he went into business and his investments prospered.
Harvey Pitt, Kalorama Partners CEO and former SEC chairman, discusses the "toughened" version of the Volcker Rule and what can be expected from the new regulation. Pitt thinks there will be more restrictions across the board.
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
LONDON, Dec 9- Gold edged up on Monday as the dollar eased and investors assessed whether last week's better-than-expected U.S. jobs number was robust enough to lead the Federal Reserve to start withdrawing monetary stimulus soon.
NEW YORK, Dec 9- Wall Street rose modestly at the open on Monday, supported by inflation data from China, but gains were likely to be capped with a number of top Federal Reserve officials speaking throughout the day.
*France and Germany divided over breadth of the scheme. BRUSSELS, Dec 9- European countries are seeking to agree before year-end on how to close failing lenders, part of an ambitious plan to create a single banking framework and fix broken banks whose problems have festered since the financial crisis.