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  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence this month to pave the way, though not commit, to an interest rate hike in June. While wage gains were only slight, analysts said the Fed was now likely to drop a reference to patience on the timing of a rate hike...

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence to pave the way this month, though not commit, to an interest rate hike in June. Given today's employment report, right now, June would strike me as the leading candidate for lift off, " Richmond Federal Reserve...

  • MEXICO CITY— Mexico's central bank auctioned off $200 million to shore up the peso Friday as it neared a six-year low against the U.S. dollar this week. The peso came under new pressure on news of increased job creation in the United States, suggesting an improving U.S. economy. The central bank announced in December that it would hold daily dollar auctions of $200...

  • NEW YORK— A strong jobs report shook up the financial markets on Friday. U.S. employers added 295,000 jobs last month, the government said. "We're moving to another chapter here," said Jim Russell, a portfolio manager at Bahl and Gaynor, a wealth manager.

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment growth accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. We think it is on the path to make a rate change in June, "said Sam Bullard, a senior economist at...

  • *Former stock exchange boss seen playing new role. ANKARA/ ISTANBUL, March 6- President Tayyip Erdogan blamed an "interest rate lobby" of speculators for the Turkish lira's slide and said he would discuss its decline with the country's embattled central bank and the government's economy czar. The lira briefly recovered from record lows following his comments,...

  • *Japan Display confirms new plant, source says for Apple. TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, a source said on Friday. Weak sales of smartphone screens in China, aggravated by an unexpected...

  • LONDON, March 6- The dollar hit a new 11- year high against major currencies on Friday as investors bet the monthly U.S. jobs report would add to the chance of rate hikes, even as the European Central Bank embarks on a 1 trillion euro campaign of bond-buying. The euro broke below $1.0980 for the first time since September 2003 as it continued its steady march lower.

  • *U.S. nonfarm payrolls forecast rising 240,000 in February. WASHINGTON, March 6- U.S. employment likely rose strongly in February with the jobless rate slipping, signs that could encourage the Federal Reserve to consider hiking interest rates in June. "The jobs picture remains extraordinary healthy," said Jacob Oubina, an economist at RBC Capital Markets in New...

  • HONOLULU, March 5- Federal Reserve policymakers should not wait too long to raise interest rates, a top U.S. central banker said on Thursday, because doing so could mean "drastically" overshooting on inflation and forcing the Fed to hike rates dramatically. "I think that by mid-year it will be the time to have a serious discussion about starting to raise rates," San...

  • TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, the Nikkei business daily reported. Hit by a supply glut of smartphone screens in China and fierce competition from rival Japan Display Inc that...

  • Time for independent financial firms to shine?  Thursday, 5 Mar 2015 | 6:38 PM ET

    Ralph Schlosstein, president and CEO of Evercore, says big lenders are trimming staffing levels because independent firms are gaining market share. He also discusses the firm's ambitions in Asia.

  • 5 big bank trades on strong stress test marks Thursday, 5 Mar 2015 | 7:03 PM ET

    All 31 tested banks got good marks in the Fed's annual test, but some stocks will pop more than others, "Fast Money" traders said.

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the loss-making electronics maker's restructuring, the Nikkei business daily reported. The request for aid would come in addition to tapping its its main banks Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ for a...

  • WASHINGTON/ NEW YORK, March 5- All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up. But Wall Street banks such as Goldman Sachs, Morgan Stanley and JP Morgan Chase& Co were among the five banks with the lowest readings.

  • Banks capital plans to be released March 11th  Thursday, 5 Mar 2015 | 4:42 PM ET

    Dissecting the bank's stress test results, with Marty Mosby, Vining Sparks and CNBC's Kayla Tausche.

  • WASHINGTON— All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. "This week's tests are a more modest standard than what we will get next week," said Cayetano Carrasco-Gea, senior director at Moody's Analytics. The banks undergoing the stress tests...

  • Fed: Banks have capital to withstand a depression Thursday, 5 Mar 2015 | 5:48 PM ET

    Investors had been closely watching the results, particularly for Citigroup, whose CEO had said his job should be on the line if they failed.

  • The Federal Reserve building is shown in Washington.

    CNBC's Kayla Tausche reports on the results of the Fed's bank stress test. All 31 banks have cleared capital requirement levels and had sufficient capital before shareholder payout. Perspective, with Jack Mohr, thestreet.com, and Jeff harte, Sandler O'Neill.

  • U.S. banks all pass capital hurdle in Fed stress test Thursday, 5 Mar 2015 | 4:30 PM ET

    WASHINGTON, March 5- All 31 U.S. banks passed a 5 percent minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, the central bank said on Thursday, as the industry continues to rebuild buffers after the crisis. Zions Bancorp came in at 5.1 percent in a model run of a severe crisis that included a 25 percent drop in home prices and a stock...

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