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  • SAN FRANCISCO, Nov 24- A rule that some U.S. lawmakers want the Federal Reserve to follow when setting monetary policy is now giving conflicting signals on where interest rates should be, a San Francisco Fed study published on Monday showed. The so-called Taylor rule, named after its author Stanford University professor John Taylor, delivers an estimate for the...

  • *China ready to ease further after rate cut- sources. *Oil steady before OPEC meeting. European Central Bank President Mario Draghi also looked to be clearing the way for full-scale government bond buying that investors hoped for, but he was opposed by Germany's Bundesbank.

  • LONDON, Nov 24- If the world's biggest central banks were actually coordinating a global monetary policy, they could scarcely do a better job of convincing financial markets right now. Three weeks on, European Central Bank chief Mario Draghi insists his bank will move "as fast as possible" to raise euro zone inflation using all means available- something...

  • MADRID, Nov 24- The head of Germany's Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move. The remarks from Jens Weidmann, who also sits on the ECB's Governing Council, raise a further question mark over ECB President Mario...

  • *Oil regains some lost ground ahead of OPEC meeting. NEW YORK, Nov 24- U.S. stocks opened higher on Monday, extending a global equity rally in Asia and Europe fueled by merger activity and signals that central banks were willing to step further into the economic breach to support growth and inflation. European Central Bank President Mario Draghi also looked to be...

  • MOSCOW, Nov 24- Russia's economy minister said on Monday that the government was in talks over granting state-controlled bank Gazprombank up to 100 billion roubles in state aid from the National Wealth Fund to boost its capital. Gazprombank, Russia's third-largest bank, has been sanctioned by the European Union and United States over Russia's role in the...

  • RUSSIAN C.BANK OFFICIAL SAYS EXPECTS BANKS' LOAN PORTFOLIO TO GROW BY 12-15 PCT NEXT YEAR, BANKING SECTOR PROFITS OF AROUND 1 TRLN ROUBLES.

  • *Sources say China ready to ease further after rate cut. LONDON, Nov 24- World stock markets ground their way higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and higher inflation. European Central Bank chief Mario Draghi also looked to be clearing the way for the...

  • RUSSIAN BANKS TO MAKE 10 PCT LESS IN 2014 PROFITS THAN IN 2013- DEPUTY CENTRAL BANK HEAD.

  • SHANGHAI, Nov 24- The Shanghai Composite Index extended gains to a three-year high on Monday after the central bank unexpectedly cut interest rates on Friday to help support the economy. The index was up 1.3 percent to 2,518.0 points as of 0210 GMT, its highest level November 2011. CSI300 of the largest companies listed in Shanghai and Shenzhen was up 1.8 percent.

  • China's yuan opens weaker after surprise rate cut Sunday, 23 Nov 2014 | 8:40 PM ET

    SHANGHAI, Nov 24- China's yuan opened at 6.1280 per dollar on Monday, softening slightly from Friday's close after the central bank caught markets off-guard by cutting benchmark lending rates by 40 basis points. The People's Bank of China set the midpoint rate weaker at 6.1420 per dollar prior to market open, compared to 6.1387 per dollar at the previous fix.

  • SHANGHAI/ BEIJING, Nov 24- A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on...

  • Jersey eyes liquidity in Asian, Middle Eastern banks Sunday, 23 Nov 2014 | 12:52 PM ET

    Situated between France and Britain in the Channel, Jersey is a British Crown dependency outside of the United Kingdom and the European Union. It is jostling with larger offshore markets such as Switzerland, the world's leading offshore private banking centre, to manage part of the growing liquidity in Asian and Middle East banks. Presently, 18 percent of the...

  • *Citigroup, Deutsche Bank among banks picked. The sovereign, rated Caa1 by Moody's and B- by Standard& Poor's, has picked Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered to arrange the roadshows and the possible deal, it showed. Pakistan will hold roadshows in the United Arab Emirates on Monday, before heading to London and Singapore on Tuesday,...

  • *China ready to cut rates again, ease bank reserve ratio- sources. BEIJING, Nov 23- China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. Friday's surprise cut in...

  • SHANGHAI, Nov 23- China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.. The People's Bank of China cut one-year benchmark lending rates on Friday, a move celebrated by Chinese corporates struggling against a...

  • RBS admits to data error in European stress test Saturday, 22 Nov 2014 | 8:33 AM ET

    Royal Bank of Scotland admitted it submitted erroneous data for European bank stress tests in October and had in fact only just scraped through.

  • SHANGHAI, Nov 22- China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth. The narrowing of interest rate margins will eat into lenders' profitability, with Cinda Securities' chief strategist, Jiahe Chen, predicting it will...

  • GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. The move came after European Central Bank...

  • Credit Suisse guilty plea on US taxes is official Friday, 21 Nov 2014 | 4:09 PM ET

    WASHINGTON— European bank Credit Suisse's guilty plea to helping wealthy Americans avoid paying taxes has been formalized by a federal judge. District Chief Judge Rebecca Beach Smith in Norfolk, Virginia on Friday entered orders requiring Credit Suisse AG to pay $2.6 billion in fines and restitution to the U.S. government and regulators.

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