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  • WASHINGTON, Oct 22- U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors. The Securities and Exchange Commission approved the so-called "risk...

  • Sept CPI slightly above forecast, gives dollar added boost. NEW YORK, Oct 22- The U.S. dollar extended broad-based gains on Wednesday after marginally higher-than-expected U.S. inflation data coupled with earlier concerns over European banks sent the greenback to one-week highs against the euro. The sharp drop in U.S. yields last week was driven by fears of a...

  • EDINBURGH, Oct 22- European shares nudged higher on Wednesday, supported by a raft of positive corporate earnings and mild inflation data from the United States which may encourage the U.S. However, the session was volatile, with euro zone banks under pressure after Spain's Efe news agency reported that several European lenders might fail EU bank stress tests.

  • MIDEAST STOCKS-Markets rally further on solid Q3 results Wednesday, 22 Oct 2014 | 10:17 AM ET

    *Qatar's Doha Bank disappoints investors. DUBAI, Oct 22- Most stock markets in the Middle East continued to recover from last week's sharp declines on Wednesday thanks to generally strong third-quarter earnings and a supportive global environment. Dubai's bourse rose 2.3 percent, largely on the back of lenders Emirates NBD and Dubai Islamic Bank, both of which...

  • Slide in energy sector drags US stock market lower Wednesday, 22 Oct 2014 | 1:28 AM ET

    NEW YORK— Stocks fell broadly on Wednesday, snapping a four-day winning streak for the Standard& Poor's 500 index, as investors shaken by recent swings in the market sold some of their holdings. "The market is still nervous," said John Manley, chief equity strategist at Wells Fargo Funds Management. Stocks were higher most of the morning on hopes that the European...

  • LONDON, Oct 22- Sterling and the euro suffered in another choppy day on currency markets on Wednesday, the single currency trading briefly below $1.27 for the first time in a week after a news report that raised concerns over European banks. That followed a Reuters report on Tuesday that the European Central Bank was looking at buying corporate bonds to add to the...

  • *One named bank- Austria's Erste- denies report. MADRID/ VIENNA, Oct 22- The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish...

  • LONDON, Oct 22- European shares slipped and the euro hit a one-week low on Wednesday as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. Spanish news agency Efe cited several unidentified sources saying three banks in Greece, three Italian lenders, two Austrian banks, as...

  • *ABB, Husqvarna rally after positive results. The STOXX Europe 600 euro zone bank index recovered to trade just 0.2 percent lower, however, with Spain's economy minister saying he was confident Spanish lenders would do well in the European Central Bank's checks, and Austria's Erste Bank denying it was among those that had failed the test. Erste Bank was down 1.6...

  • LONDON, Oct 22- Most Bank of England policymakers are firmly against raising interest rates, seeing little evidence of inflation pressures while the slowing euro zone poses growing risks, minutes of their latest meeting showed. The majority of the Bank's rate-setters saw good reasons to keep rates at their record low of 0.5 percent at their Oct. 7-8 meeting,...

  • Erste Group says confident on stress test outcome Wednesday, 22 Oct 2014 | 4:52 AM ET

    VIENNA, Oct 22- Austria's Erste Group Bank has no reason to believe it will fail a stress test of major euro zone lenders based on the conversations it has had so far with supervisory officials, it said on Wednesday. "Out of the supervisory dialogue we have no indication we won't pass," a spokesman said. Central bank Governor Ewald Nowotny had said last week that most...

  • *BoE minutes eyed for UK interest rate clues. LONDON, Oct 22- The euro hit a one-week low against the dollar on Wednesday following a Reuters report that the European Central Bank was considering buying corporate bonds, highlighting the diverging policy outlooks for the euro zone and the United States. Fresh ECB easing could restore the interest rate gap between...

  • TOKYO, Oct 22- Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda. His weekly research notes- with witty insights stretching from monetary policy to how the poor lime crop in Mexico is inflating margarita prices- have become a...

  • DIARY -Top Economic Events to Nov 3 Tuesday, 21 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board holds open meeting to discuss a final rulemaking requiring sponsors of securitization transactions to retain risk in those transactions- 1930 GMT. LONDON- Bank of England publishes minutes of latest Monetary Policy Committee meeting. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn...

  • TOKYO, Oct 22- Izuru Kato is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan's stimulus policy as "monetary shamanism" is ringing loud in the ears of bank Governor Haruhiko Kuroda. His weekly research notes- with witty insights stretching from monetary policy to how the poor lime crop in Mexico is inflating margarita prices- have become a...

  • WASHINGTON, Oct 21- U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis. "Lenders have wanted and needed to know what the new rules of the road are and this rule defines them," said Mel Watt, the head of the...

  • WASHINGTON, Oct 21- U.S. regulators on Tuesday issued a rule requiring banks that sell loans to investors to keep part of the risk on their own books, a measure aimed at preventing the sloppy loans that sparked the 2007-09 credit crisis. "Lenders have wanted and needed to know what the new rules of the road are and this rule defines them," said Mel Watt, the head of the...

  • WASHINGTON, Oct 21- The U.S. Federal Deposit Insurance Corp unveiled a final rule on Tuesday that requires banks to retain at least 5 percent of the risk on their books when they bundle loans, securitize them and sell them to investors. The rule, expected to be adopted by the FDIC later on Tuesday, aims to prevent a repeat of the 2007-2009 financial crisis, when banks'...

  • New rules adopted in hopes of spurring home loans Tuesday, 21 Oct 2014 | 10:32 AM ET

    WASHINGTON— Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market. The board of the Federal Deposit Insurance Corp. voted 4-1 Tuesday to adopt...

  • LONDON, Oct 21- Banks and shares in peripheral countries led a European rally on Tuesday after sources told Reuters the European Central Bank is considering buying corporate bonds to revive the region's economy. After a year-long review of Europe's 130 biggest banks, the ECB is set to announce on Oct. 26 which have valued their assets properly and which have not,...

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