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  • MOSCOW, July 5- The Russian central bank said on Sunday that the Greek debt crisis did not pose a threat to the Russian banking system, TASS news agency reported, citing a statement from the central bank's press service. The central bank also said the size of Russian banks' assets in Greece as of April 1 this year was around $14 million. "The size of the direct...

  • The central bank set a cutoff rate of 7.73 Egyptian pounds per dollar in an auction that sold $39.6 million on Sunday, compared to a previous low of 7.63 on Thursday. "It's welcome to have, within the current context, a weaker pound because the economy is shifting toward a growth mode so one of the key ways to push this growth forward is through foreign exchange," said...

  • TOKYO, July 4- Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington. Cambodia, Laos, Myanmar, Thailand and Vietnam all have strong economic growth potential, and are promising...

  • ATHENS, July 3- The Financial Times reported on Friday that Greek banks were preparing contingency plans for a possible "haircut" on deposits amid fears of financial collapse, a report the country's banking association said was "completely baseless". The head of Greece's Bank Association dismissed the report as "completely baseless". Louka Katseli, who also...

  • ATHENS, July 3- Greek banks are preparing contingency plans for a possible "haircut" on deposits amid fears of financial collapse, the Financial Times reported on Friday, ahead of a referendum that may decide the country's future in the euro zone. But citing bankers and businesspeople with knowledge of the measures, the Financial Times reported: "The plans, which...

  • LONDON, July 3- If a' No' in Sunday's referendum eventually takes Greece out of Europe's single currency, any "new drachma" or temporary payment unit could be worth as little as a fifth of the euro now in circulation. In the absence of a flow of new euros from the European Central Bank after a "Grexit", Athens' existing stock of hard currency is not expected to be enough to...

  • Greek bank closures may deplete supermarket shelves Friday, 3 Jul 2015 | 11:49 AM ET

    LONDON/ ATHENS, July 3- A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country. With banks closed, people limited to withdrawing 60 euros per day and Greece's future in the euro possibly hinging on a...

  • *HSBC, Lloyds, RBS plan "broad" ring-fence, Barclays differs. LONDON, July 3- Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Unless it makes a U-turn, Barclays will adopt a different structure to its main rivals.

  • VILNIUS, July 3- European Central Bank Vice President Vitor Constancio signaled on Friday that the ECB could loosen funding to Greek banks if Greeks vote' Yes' in a referendum on Sunday on whether or not to accept more austerity in return for aid. Constancio said the significance of the referendum was in making it more or less likely that an agreement could be...

  • Brazil probes forex activity of 15 global banks Friday, 3 Jul 2015 | 3:43 AM ET
    Canary Wharf, London

    Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said.

  • TOKYO, July 3- Japan's Nikkei share average inched up on Friday, paring earlier losses thanks to gains by banking sector shares and other large-caps, although caution ahead of a weekend Greek national vote limited overall action. Banking stocks rose across the board, lifted by a report that Sumitomo Mitsui Financial Group will create targets this fall to reduce...

  • SHANGHAI, July 3- China's yuan weakened on Friday as corporate dollar demand helped offset a stronger official guidance rate set by the central bank, traders said. The People's Bank of China set the midpoint rate at 6.1160 per dollar prior to market open, 0.02 percent firmer than the previous fix at 6.1171. Despite China's central bank cutting official interest...

  • Trust: The key factor missing in Greek debt talks Thursday, 2 Jul 2015 | 9:18 PM ET
    Trust: The key factor missing in Greek debt talks

    Thomas Miller, former U.S. ambassador to Greece from 2001-2004, says there is a low level of trust between Greece and its foreign creditors.

  • Why Greeks will vote 'yes' to bailout terms Thursday, 2 Jul 2015 | 8:43 PM ET
    Why Greeks will vote 'yes' to bailout terms

    Greeks will likely vote "yes" on Sunday after the implementation of capital controls this week and as the consequences of a "Grexit" become more apparent, says Andrew Naylor, executive director of Cicero Group.

  • Foreign exchange trading in Brazil is estimated at about $3 trillion a year, excluding swaps and derivative transactions. The banks named in the Cade probe are Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, Barclays Plc, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase& Co, Morgan Stanley& Co, Nomura Holdings Inc,...

  • NEW YORK— If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed. The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. And it left a key question hanging over stocks and bonds: When and how quickly will the Federal Reserve raise interest rates?

  • Government Accountability Office identified the issue as one of several that banking regulators need to address as cyber security threats become more prevalent and sophisticated. For example, the names, addresses, phone numbers and email addresses of some 83 million household and small business account holders were exposed last year when computer...

  • ISTANBUL, July 2- Qatar National Bank and Bahrain's Arab Bank Corp did not follow up early interest in acquiring HSBC's Turkish business because they are more interested in National Bank of Greece's Turkish arm Finansbank, two people familiar with the matter said. Dutch lender ING Group is set to win the auction to buy HSBC's business, after being one of several...

  • NEW YORK, July 2- The U.S. dollar slipped against a basket of major currencies on Thursday after U.S. jobs data lagged expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses. Nonfarm payrolls increased by 223,000 last month, the Labor Department said. "The numbers overall were...

  • FRANKFURT, July 2- European Central Bank policy setters plan to next discuss the provision of emergency funding for Greek banks on Monday, a person familiar with the matter said. The Governing Council of euro zone central bank chiefs and ECB President Mario Draghi's executive will consider whether to freeze, extend or tighten the Emergency Liquidity...

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