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  • LONDON, Feb 26- Gold rose 1 percent on Thursday after comments from the Federal Reserve pushed back expectations for the first U.S. rate hike in nearly a decade, and as Chinese buyers snapped up metal on their return from the Lunar New Year break. Fed chair Janet Yellen indicated in testimony to the Senate Banking Committee on Tuesday and the House of...

  • FOREX-Aussie up, kiwi down in becalmed FX markets Thursday, 26 Feb 2015 | 4:05 AM ET

    *New Zealand shows surprise trade surplus. LONDON, Feb 26- The Australian and New Zealand dollars were the main movers among major currencies on Thursday, pushed in opposite directions by contrasting signals on the health of two struggling economies. Federal Reserve chief Janet Yellen have done little to move on the debate over when U.S. interest rates will rise,...

  • SINGAPORE, Feb 26- Gold rose for a second session on Thursday as recent comments from Federal Reserve Chair Janet Yellen pushed back expectations for the first U.S. rate hike in nearly a decade to later in the year. Spot gold was up 0.6 percent at $1,211.11 an ounce at 0654 GMT after hitting a session high of $1,213.20. Yellen told the Senate Banking Committee on...

  • SYDNEY/ TOKYO, Feb 26- The dollar nursed modest losses on Thursday, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an expected U.S. interest rate hike. The euro edged up to $1.1364, up from this week's trough of $1.1288, but remained stuck in a $1.12- $1.15 range held since...

  • SINGAPORE, Feb 26- Gold rose for a second session and held above $1,200 an ounce on Thursday as comments from Federal Reserve Chair Janet Yellen led investors to believe U.S. interest rates would start to rise later than expected this year. Bullion was up 0.3 percent at $1,208.50 an ounce at 0302 GMT. She told the Senate Banking Committee on Tuesday that while the...

  • SINGAPORE, Feb 26- Gold held above $1,200 an ounce on Thursday as recent comments from Federal Reserve chair Janet Yellen prompted some investors to push back the likely timing of a hike in U.S. interest rates. *Spot gold was up 0.1 percent at $1,205.60 an ounce by 0027 GMT. *Gold rose as much as 1 percent on Wednesday after Yellen indicated flexibility in raising U.S....

  • TOKYO, Feb 26- Asian shares prices held near five-month highs on Thursday after upbeat U.S. housing and Chinese factory data, while the dollar nursed modest losses following Federal Reserve Chair Janet Yellen's comments. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed near the five-month high hit on Wednesday while Japan's...

  • DIARY-Top Economic Events to March 10 Wednesday, 25 Feb 2015 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the 2015 Banking Outlook Conference- 1800 GMT. LONDON- Federal Reserve Bank of Dallas President Richard Fisher gives a lecture on "Reflections on 10 Years at the Fed: Through the Financial Crisis" at event hosted by the...

  • WASHINGTON— Over two days of testimony to Congress, Federal Reserve Chair Janet Yellen was grilled on everything from the direction of interest rates to the health of the economy to "Audit the Fed" legislation supported by Republicans. On some topics, Yellen shed light. Yellen noted the economy's consistent improvement since she last testified to Congress in...

  • FOREX-Fed disappoints dollar bulls, Aussie turns to data Wednesday, 25 Feb 2015 | 6:02 PM ET

    SYDNEY, Feb 26- The dollar nursed modest losses early on Thursday, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an eventual U.S. interest rate hike. The euro edged up to $1.1362, up from this week's trough of $1.1288, but remained stuck in a $1.12- $1.15 range held since...

  • FDA approves new antibiotic combo from Actavis Wednesday, 25 Feb 2015 | 6:02 PM ET

    The drug from Actavis PLC contains two ingredients, cephalosporin and avibactam, designed to help fight antibiotic-resistant bacteria. The Food and Drug Administration approved Avycaz to treat certain abdominal infections, in combination with another drug, and for complicated urinary-tract infections, including kidney infections, for which there are...

  • Feb 25- Morgan Stanley said it will pay $2.6 billion to the U.S. Department of Justice and United States Attorney's Office for the Northern District of California to resolve potential claims stemming from sale of mortgage bonds before the financial crisis.

  • WASHINGTON, Feb 25- The United States ordered Takata Corp on Wednesday to preserve all air bag inflators removed through the recall process as evidence for both a federal investigation and private litigation cases, the U.S. Transportation Department said.

  • WASHINGTON, Feb 25- Federal Reserve Chair Janet Yellen on Wednesday fended off a stream of aggressive questions from Republican lawmakers who accused the central bank of making Democratic political causes a higher priority than its stewardship of the U.S. economy. Speaking in front of the House of Representatives Financial Services Committee, the normally...

  • WASHINGTON, Feb 25- MetLife Home Loans LLC will pay $123.5 million to resolve alleged Federal Housing Administration mortgage lending violations, the U.S. Department of Justice said on Wednesday. The unit, a subsidiary of MetLife Inc, knowingly violated the False Claims Act between September 2008 and March 2012 by originating and underwriting mortgage loans...

  • MetLife will pay gov't $123.5M in mortgage settlement Wednesday, 25 Feb 2015 | 1:49 PM ET

    NEW YORK— MetLife's home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn't meet federal requirements. The Justice Department said Wednesday that MetLife knew the business was issuing hundreds of loans that didn't meet federal requirements, which means they were not...

  • WASHINGTON, Feb 25- Federal Reserve Chair Janet Yellen on Wednesday fended off a stream of tough questions from Republican lawmakers who accused the U.S. central bank of having a liberal bias even as the Fed tries to maintain its independence. Several Republican members of the House of Representatives Financial Services Committee pressed Yellen on her...

  • GOP lawmakers accuse Yellen of playing politics Wednesday, 25 Feb 2015 | 1:02 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen came under fire Wednesday from House Republicans, who challenged the central bank's lack of accountability during her second day of testimony to Congress. After she gave her semiannual economic report, GOP lawmakers on the House Financial Services Committee grilled Yellen with a basket of complaints.

  • U.S. stocks are little changed in midday trading as Federal Reserve Chair Janet Yellen continues her Congressional testimony. The Dow Jones industrial average was up 13 points, or 0.1 percent, at 18,222 as of 11:55 a.m. Eastern time Wednesday. Oil rose 89 cents to $50.24 a barrel in New York.

  • *Greece debt deal supports euro but doubts persist. NEW YORK, Feb 25- The dollar fell against a basket of currencies on Wednesday on Federal Reserve Chair Janet Yellen's suggestion the U.S. central bank would not rush into raising interest rates, spurring traders to trim bullish dollar bets. Treasuries from recent highs, as Yellen's testimony to Congress...