NEW YORK/ SAN FRANCISCO, Dec 11- Now that the central question before the Federal Reserve has shifted from whether to cut its extraordinary stimulus to when exactly to pull back, the debate at next week's meeting will center on how best to communicate that plan.» Read More
WASHINGTON, Dec 10- The U.S. Senate is likely to vote next week on President Barack Obama's choice of Janet Yellen to be the next chief of the Federal Reserve, a senior Senate Democratic aide said on Tuesday. Yellen, the Fed's vice chair, is widely expected to win Senate confirmation, which would make her the first woman to lead the U.S. central bank.
*Rambus rallies after settling with Micron. NEW YORK, Dec 10- U.S. stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-sensitive economic data.
WASHINGTON, Dec 10- The U.S. Commodity Futures Trading Commission on Tuesday adopted the Volcker rule, which bans proprietary trading by banks, according to Bart Chilton, a Democrat member of the derivatives regulator.
*EU seen creating euro zone banking union. NEW YORK, Dec 10- The euro climbed to a six-week peak against the dollar on Tuesday, helped by expectations of a banking deal in the euro zone and a growing view that the Federal Reserve would need additional positive data before it can decide to reduce its economic stimulus.
WASHINGTON, Dec 10- Two U.S. regulatory agencies on Tuesday voted to unanimously approve the Volcker rule to restrict banks from trading for their own profits. The U.S. Federal Deposit Insurance Corp board of directors and the U.S. Federal Reserve Board of Governors both approved the rule on Tuesday morning.
WASHINGTON, Dec 10- Emerging markets could adjust to the withdrawal of the Federal Reserve's massive monetary stimulus as long as it happens gradually, World Bank President Jim Yong Kim said on Tuesday.
*Market awaits decision on euro zone banking union. NEW YORK, Dec 10- The euro rose to a six-week high against the dollar on Tuesday, helped by expectations of a banking deal in the euro zone and a growing view that the Federal Reserve would need additional positive data before it can decide to reduce its economic stimulus.
BRASILIA, Dec 10- The sooner the U.S. Federal Reserve starts to scale back its massive economic stimulus, the smoother the transition will be for the global economy, Brazilian central bank chief Alexandre Tombini said on Tuesday.
WASHINGTON, Dec 10- The U.S. Commodity Futures Trading Commission, one of five regulators due to adopt the so-called Volcker rule on Tuesday, said it canceled a public vote on the issue because of the threat of a snowstorm in the Washington area. Federal Reserve and the Federal Deposit Insurance Corp- would hold their scheduled votes on Tuesday.
SINGAPORE, Dec 10- London copper held close to one-month highs on Tuesday as expectations that the Federal Reserve could soon start tapering its economic stimulus undermined the dollar, while steady consumer buying from China put a floor under prices.
SINGAPORE, Dec 10- Gold got off to a shaky start on Tuesday after gaining 1 percent in the previous session, as investors turned their attention to a Federal Reserve policy meeting next week that could provide clues on the outlook for the bank's stimulus. *Spot gold had fallen 0.2 percent to $1,237.94 an ounce by 0020 GMT.
WASHINGTON, Dec 9- The U.S. municipal bond market shrank at a record pace in the third quarter, and the amount of bonds held by households, the market's biggest investors, fell to the lowest level in nearly seven years, according to Federal Reserve data released on Monday.
Dec 9- An advisory panel of medical experts on Monday voted to recommend that U.S. health regulators approve an experimental drug for ulcerative colitis and Crohn's disease developed by Takeda Pharmaceutical Co..
NEW YORK, Dec 9- U.S. stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since Aug. 17, 2012.
The remarks from St. Louis Federal Reserve Bank President James Bullard voicing support for a "small taper" were unexpected.
Nutritional supplement maker Herbalife said Monday that former federal official Maria Otero has joined its board of directors and cited her experience working for the U.S. State Department.
NEW YORK, Dec 9- U.S. stocks ended slightly higher on Monday as investors awaited more clues from the Federal Reserve on whether the U.S. central bank will soon begin to wind down its economic stimulus. Based on the latest available data, the Dow Jones industrial average edged up 5.52 points, or 0.03 percent, to finish unofficially at 16,025.72.
WASHINGTON, Dec 9- U.S. household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery. The Federal Reserve said on Monday household wealth increased $1.9 trillion to $77.3 trillion in the third quarter, the highest level since records started in 1945..
WASHINGTON, Dec 9- The U.S. Supreme Court on Monday extended the time it will take to hear a case challenging White House recess appointments to the National Labor Relations Board and granted the Senate's top Republican 15 minutes during the Jan. 13 oral arguments.
Federal Reserve official on Monday suggested that farmers consider a path toward internationally accepted standards for genetically modified crops, following rejections of U.S. corn shipments by China.