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  • *Moscow stocks plunge; crude trades below $60 a barrel. Three retail trading platforms halted trading in rubles, citing growing signs of stress among the banks that underpin that trade, as speculation mounted that Moscow will impose capital controls within the next few days. "If you have a deeply mono-export culture which is linked to oil, then the consequences of...

  • *Moscow stocks plunge, crude trades below $60 a barrel. Three retail trading platforms halted trading in rubles, citing growing signs of stress among the banks that underpin that trade, as speculation mounted that Moscow will impose capital controls within the next few days. "If you have a deeply mono-export culture which is linked to oil, then the consequences of...

  • NEW YORK, Dec 16- The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone on monetary policy, while a slide in oil prices pushed the Russian rouble to new lows and boosted the safe-haven yen. "That the FOMC sounds dovish either in the statement or the press conference is certainly a risk to the...

  • Federal Reserve stared down a volatile global economy in October to keep its plans for an eventual interest rate hike on track, and is likely to do so again this week amid plunging oil prices and a potential currency crisis in Russia. According to the Bank for International Settlements, U.S. bank exposure to Russia has fallen from $43 billion at the start of 2013 to...

  • *Buyback, dividend hike, guidance lift Boeing, 3 M, CVS. NEW YORK, Dec 16- The Dow and S&P 500 were holding onto small gains in volatile trading Tuesday afternoon, helped by a rebound in energy shares and investor bets the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. U.S. crude, which fell as much as 4.1 percent, was last...

  • WASHINGTON/ PARIS, Dec 16- Alstom SA is close to settling a bribery case with the U.S. Justice Department for $700 million, a person close to the matter said on Tuesday, in what would be the largest criminal fine levied by the United States for foreign bribery. A top Justice Department official said in a speech last month that Alstom executives along with Japanese...

  • *Buyback, dividend hike, guidance lift Boeing, 3 M, CVS. NEW YORK, Dec 16- U.S. stocks rose in a volatile Tuesday session as energy shares rallied and investors bet the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. "Perhaps markets think the Fed will not be as on-schedule on taking out that language," said Quincy Krosby,...

  • NEW YORK, Dec 16- U.S. stocks rose in a volatile Tuesday session as energy shares rallied, and on bets the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. Adding to global concerns, data showed factory activity shrinking in China and euro zone business growth remaining weak. "Perhaps markets think the Fed will not be...

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • *Gold posted biggest weekly gain since October last week. NEW YORK/ LONDON, Dec 15- Gold fell more than 2 percent to one-week lows on Monday for its weakest session so far this year after a late sell-off triggered by oil's continued rout and a stronger dollar ahead of the key Federal Reserve meeting later in the week. "Gold was a victim to the fall in crude," said Tai Wong,...

  • Fed likely to note gains but signal no rate hike Monday, 15 Dec 2014 | 12:30 PM ET

    WASHINGTON— A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement. "I think the odds are that the Fed will drop the' considerable time' wording, but I think some people are making more out of that change than they should," said Diane Swonk, chief...

  • NEW YORK, Dec 15- The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen. "The market is setting up for a less-dovish-sounding FOMC this week," said Martin Schwerdtfeger, a foreign...

  • *Gold posted biggest weekly gain since October last week. LONDON, Dec 15- Gold fell 1 percent on Monday, after posting its biggest weekly gain in two months, as the dollar firmed before a Federal Reserve meeting that could provide clues on the timing of a possible interest rate rise by the U.S. central bank. Spot gold fell to a session low of $1,209.10 an ounce earlier...

  • Loans impacting grant money for Sandy victims Sunday, 14 Dec 2014 | 12:09 PM ET

    NEW YORK— When Superstorm Sandy left Denise Erickson's home with a collapsed foundation, a loan from the Small Business Administration looked like the best deal in town. She got more than $150,000 from the SBA to help fix her family's Bellmore home, but the loan has left her with a $651 monthly payment and a serious case of buyer's remorse. "It's a complicated...

  • NEW YORK, Dec 12- Americans shopping for toy remote-controlled airplanes or helicopters may find, sometime in the near future, that they come with unexpected accessories: A raft of new regulations. The Federal Aviation Administration, by the end of the month, is expected to propose new rules governing small unmanned aircraft systems, the first major overhaul of...

  • NEW YORK, Dec 12- Holders of U.S. inflation bonds are feeling the pain as tumbling oil prices intensify fears of global disinflation and a possible interest rate increase by the Federal Reserve next year. Treasury Inflation-Protected Securities, commonly known as TIPS, become more popular when investors sense inflation is quickening. Since September,...

  • Business events scheduled for the coming week Friday, 12 Dec 2014 | 1:51 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Labor Department releases Consumer Price Index for November, 8:30 a.m.; Commerce Department releases current account trade deficit for the third quarter, 8:30 a.m.; Federal Reserve...

  • Fed member plans to leave when term ends in 2016 Friday, 12 Dec 2014 | 12:01 PM ET

    WASHINGTON— Narayana Kocherlakota, the president of the Federal Reserve Bank of Minneapolis, said Friday he will step down when his current term ends in early 2016, marking the departure of one of the Fed's leading proponents of easier credit conditions to battle unemployment. Before his appointment as head of the Minneapolis bank in October 2009,...

  • Founding Fathers under attack from the Internet Friday, 12 Dec 2014 | 9:00 AM ET

    If dark Web activity increases on the Internet as expected, it's only a matter of time before the Fourth Amendment is riskily reinterpreted.