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  • MOSCOW, Dec 19- Russian Finance Minister Anton Siluanov said on Friday that because of the rouble's slide the country's banks have insufficient capital to meet their capital adequacy ratios. The rouble is down around 45 percent against the dollar so far this year. Russia's government has submitted a draft law to parliament that could grant the banking sector a...

  • BANGKOK, Dec 19- Bangkok Bank PCL and Siam Commercial Bank will offer a $1.51 billion bridge loan to Thai Union Frozen Products to finance the purchase of U.S. tuna firm Bumble Bee Seafoods, executives from the two banks said. A senior executive at Bangkok Bank confirmed that Thailand's top lender would participate in providing the loan to Thai Union.

  • *Asia shares buoyed as Wall St surges for second day. SYDNEY, Dec 19- Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. In Asia, Japan's Nikkei climbed 1.9 percent to erase much of it's recent losses, while Australia's...

  • Fed gives banks more time to sell risky holdings Thursday, 18 Dec 2014 | 6:21 PM ET

    WASHINGTON— The Federal Reserve is delaying by two years a requirement that U.S. banks sell off their riskiest investments such as stakes in private equity and hedge funds. Banks say they need more time to complete the sales. The Fed said Thursday that it plans to extend from July 2015 to July 2017 the deadline by which banks will have to sell their stakes.

  • Dec 18- U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes. The U.S. Treasury Department said it expects to ease its sanction rules for banking in Cuba in the coming weeks.

  • The greenback hit a 28- month high against the Swiss franc at 0.9847 franc after the Swiss National Bank said it would impose an interest rate of -0.25 percent on some large deposits held by investors in francs, as it seeks to discourage buying of the currency as a safe haven. The euro hit its lowest level against the dollar since Dec. 8, at $1.2266, while the dollar...

  • The Dow Jones industrial average surged more than 300 points on Thursday, building on gains from a day earlier after the Federal Reserve indicated that it was in no rush to raise interest rates as the economy strengthened. Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected.

  • ZURICH, Dec 18- Denise Anderegg is happy enough about the Swiss National Bank's decision to charge banks for deposits. Foreign banks that accept overseas deposits seeking a safe haven in Switzerland are likely to be hit hardest, according to bankers and economists. Credit Suisse, UBS and cooperative bank Raiffeissen have said they will not be affected by...

  • Jeb Bush to step down from Barclays Thursday, 18 Dec 2014 | 12:54 PM ET

    WASHINGTON— Taking another step toward a presidential run, Jeb Bush is resigning his advisory role with British banking giant Barclays. A Bush spokesman said Thursday that the former Florida governor would leave his senior adviser position at the end of the year. The news comes two days after Bush announced plans to "actively explore" a White House bid.

  • US stocks move higher, building on Fed gains Thursday, 18 Dec 2014 | 11:57 AM ET

    NEW YORK— The U.S. stock market is moving sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. Oracle led a rally in technology shares in midday trading Thursday after the business software maker reported earnings that were better than expected. The Dow Jones industrial average rose...

  • PIMCO SAYS FORMER FEDERAL RESERVE CHAIRMAN BEN BERNANKE PARTICIPATED AT FIRM'S CYCLICAL OUTLOOK FORUM LAST WEEK IN NEWPORT BEACH.

  • MOSCOW, Dec 18- Russia will provide state development bank Vneshekonombank with 30 billion roubles in additional capital, Prime Minister Dmitry Medvedev said on Thursday, part of measures to shield banks from Western economic sanctions. VEB is among a number of state banks sanctioned by the West over Russia's role in the Ukraine crisis, meaning its access to...

  • NEW YORK, Dec 18- Factory activity in the U.S. mid-Atlantic region grew at a slower pace in December, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to 24.5 from 40.8 the month before. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.

  • FRANKFURT, Dec 18- The European Central Bank said on Thursday it would start publishing accounts of its monetary policy meetings next year, a move that will raise the ECB's transparency but still leave it behind other big central banks. The ECB will begin publishing the accounts of Governing Council discussions starting with the meeting on Jan. 22.

  • NEW YORK, Dec 18- The U.S. dollar rose against major currencies for a second straight session on Thursday after the Federal Reserve signaled it would hike rates next year and the Swiss National Bank's statement that it would introduce negative interest rates. "The dollar strength today is a continuation of the Fed reaction," said currency strategist Vassili...

  • US stocks open higher, building on Fed gains Thursday, 18 Dec 2014 | 9:44 AM ET

    NEW YORK— The U.S. stock market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. The market is coming off its biggest one-day rise since October 2013. The Dow Jones industrial average rose 224 points, or 1.3 percent, to 17,580 as of 9:35 a.m. Eastern time Thursday.

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday after its central bank announced a charge on deposits, wary of a flood of money exiting Russia and likely inflows from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent weeks calmed a touch as oil rose for a second day, although the pressure was still on Russia's rouble...

  • *Governor Godwin Emefiele says wants to stop speculators. LAGOS, Dec 18- Nigeria's central bank has barred banks from holding their own funds in dollars in order to end speculative pressure on the ailing naira currency, the governor said on Thursday. Godwin Emefiele told Reuters in a phone interview that he believed the current naira band, set last month, was "...

  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • *Silver up more than 3 pct; platinum, palladium also rise. LONDON, Dec 18- Gold climbed more than 2 percent on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, lifting stock markets and commodities while dampening the dollar. A break of stops above $1,200 an ounce sparked a rally in gold in early European trade,...

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