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  • LONDON, Dec 9- Gold rose for a second straight session on Tuesday to above $1,200 an ounce after cautious comments from U.S. Dennis Lockhart, head of the Atlanta Federal Reserve, said late on Monday that he was in no rush to drop the Fed's pledge to keep interest rates near zero for a "considerable time," while San Francisco Fed chief John Williams said the phrase was...

  • SINGAPORE, Dec 9- Gold rose for a second straight session on Tuesday, reversing earlier losses to trade above $1,200 an ounce, as the U.S. dollar gave up early gains. The greenback fell against a basket of major currencies after earlier gains triggered by a Wall Street Journal report that Federal Reserve officials were seriously considering dropping an...

  • NEW YORK, Dec 9- Executives at the biggest U.S. banks are sharing notes with each other before their next round of tests with federal regulators. Banks are struggling to figure out what exactly the U.S. Federal Reserve is looking for when it conducts its annual "stress tests," which measure how banks will hold up during times of economic turmoil, bank executives,...

  • SINGAPORE, Dec 9- Gold gave up some of its overnight gains on Tuesday on a stronger dollar and fears the Federal Reserve could soon raise U.S. interest rates. Spot gold had slipped 0.2 percent to $1,200.60 an ounce by 0349 GMT. Gold will have a hard time holding on to rallies because the gains are mostly from short-covering, "said a trader in Sydney.

  • SYDNEY, Dec 9- Asian share markets were mostly in the red on Tuesday while the U.S. dollar began to edge higher once again aided by a media report the Federal Reserve might take a rhetorical step toward tightening at its meeting next week. Dealers said the dollar got a lift from a Wall Street Journal report that Fed official were seriously considering dropping an...

  • SAN FRANCISCO, Dec 8- Amazon.com Inc plans to shift more of its drone testing outside U.S. borders unless it gets quick permission from U.S. regulators to conduct outdoor trials, the company said in a letter to the Federal Aviation Administration late on Sunday. In July, Amazon sought permission from the FAA to test drones in outdoor areas near Seattle, where one of...

  • "I think' considerable time' captures about as best you can with two words... the appropriate time for liftoff," San Francisco Fed President John Williams told Market News International on Monday, adding that it's still a "reasonable guess" the Fed will begin raising rates in mid-2015. Atlanta Federal Reserve Bank President Dennis Lockhart, like Williams a policy...

  • WASHINGTON, Dec 8- Swiss firm Supreme Foodservice GmbH pleaded guilty on Monday to overcharging the United States for food and bottled water it provided to U.S. armed forces in Afghanistan and will pay $434 million to resolve a series of related cases, according to court documents. The cases were investigated by federal prosecutors and Justice Department...

  • Dec 8- U.S. economic growth is expected to pick up next year, driving down the unemployment rate, but inflation is seen slowing slightly, according a survey published Monday by the Federal Reserve Bank of Chicago. The forecasts, from manufacturers, bankers, analysts and others participating in the regional Fed bank's annual outlook symposium last week, also point...

  • NEW YORK, Dec 8- U.S. health regulators estimate that consumers will suffer up to $5.27 billion in "lost pleasure" over 20 years when calorie counts on restaurant menus discourage people from ordering french fries, brownies and other high-calorie favorites. The FDA said the analysis balances the benefits to consumers when calorie information leads them to eat...

  • SINGAPORE/ SYDNEY, Dec 8- The dollar set a fresh seven-year high against the yen on Monday after surprisingly robust U.S. jobs data bolstered the view that the Federal Reserve could raise interest rates sooner than expected. The surge in payrolls by 321,000 in November easily blew past Wall Street's expectations and served to further highlight the divergence...

  • NEW YORK, Dec 5- Cablevision Systems Corp and a union representing some of its workers in Brooklyn, New York, both declared victory after a judge's ruling on National Labor Relations Board allegations that the company bargained with its workers in bad faith. Since then, Cablevision and the union have been arguing over the issue. Cablevision, which has denied those...

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.

  • WASHINGTON, Dec 5- The Federal Reserve needs to adjust its policy statement to acknowledge clear signs of economic strength and, in particular, stop telling the world that interest rates won't rise for a long while yet, a top Fed official said in an interview on Friday. Cleveland Fed President Loretta Mester told Reuters she is more optimistic about the economy...

  • WASHINGTON, Dec 5- U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates. Nonfarm payrolls surged by 321,000, the most since January 2012, the Labor Department said on Friday. "This greenlights a Fed lift-off in...

  • NEW YORK, Dec 5- Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than previously thought. "This report solidifies the idea that the economy is getting stronger, and the more economic activity on Main Street, the...

  • NEW YORK, Dec 5- Bank shares led gains Friday on Wall Street after November payrolls data came in much stronger than anticipated, raising market expectations a rate hike from the Federal Reserve may materialize sooner than previously thought. "This report solidifies the idea that the economy is getting stronger, and the more economic activity on Main Street, the...

  • Dec 5- The Federal Reserve's first round of interest-rate increases in a decade could start as soon as July, traders were betting on Friday, after a jump in jobs growth last month boosted confidence in the staying power of the U.S. recovery. "This supports the view that the Federal Reserve will start hiking rates in the middle of next year," said Mohamed El-Erian, chief...

  • NEW YORK, Dec 5- The U.S. dollar surged to fresh multiyear highs on Friday after a stronger-than-expected November U.S. jobs report increased expectations the Federal Reserve would begin raising interest rates sooner than currently expected. Earlier this week U.S. central bank officials such as New York Fed President William Dudley and Fed Vice Chairman...

  • NEW YORK, Dec 5- U.S. "This supports the view that the Federal Reserve will start hiking rates in the middle of next year," said Mohamed El-Erian, chief economic advisor at Allianz in Newport Beach, California. Treasuries, and traders shifted bets on Federal Reserve's first round of interest-rate increases to July 2015, compared with September 2015 before the report.