FAMAGUSTA, Cyprus— Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender. Bank of Cyprus says it has completed the sale of its loss-making operations in Ukraine to Alfa Group for 202.5 million euros— 10 percent less than the original price.» Read More
*C.bank holds policy-setting meeting on March 27. MANILA, March 20- The Philippine central bank, in its strongest hint that interest rates may be hiked soon, said on Thursday that "measured" adjustments in monetary policy may be needed even though it expects inflation to stay within its target.
SINGAPORE, March 20- Gold hovered near three-week lows on Thursday as the U.S. dollar jumped on expectations the Federal Reserve could end its bond-buying programme this fall, hurting the metal's safe haven appeal as a hedge against inflation.
TOKYO, March 20- Japanese government bond prices were mostly steady on Thursday, with a slip in Tokyo stocks helping offset negative pressure from an overnight retreat by U.S. A regular bond-buying operation by the Bank of Japan, part of the central bank's massive monetary stimulus scheme, also underpinned JGBs.
SYDNEY, March 20- London copper fell on Thursday but remained well above three-and-a-half year lows hit the session before, after the Federal Reserve chair signalled interest rates could rise next year, eroding support for liquidity friendly commodities.
SINGAPORE, March 20- Gold hit its weakest in three weeks on Thursday as the U.S. dollar jumped on expectations the Federal Reserve could end its bond-buying programme this fall, hurting the metal's safe haven appeal as a hedge against inflation. *Cash gold hit a low of $1,325.34 an ounce, the weakest since Feb. 28, and stood at $1,328.84 by 0012 GMT, down $2.00.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.
Mar 20- For other related diaries, please. MUMBAI, India- The Reserve Bank of India Deputy Governor Kamalesh Chandra Chakrabarty will give a keynote address at an industry event- 0330 GMT. SANTIAGO- Chile Central Bank President Rodrigo Vergara Montes and Finance Minister Alberto Arenas will give presentations at a business forum- 1230 GMT.
TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the Japan Chamber of Commerce and Industry- 0715 GMT. BERKS, United Kingdom- Bank Of England Monetary Policy Committee member speaks at the Thames Valley Chamber of Commerce. ZURICH- Swiss National Bank holds Monetary policy assessment- 0830 GMT.
*Fed trims monthly bond buying to $55 bln. NEW YORK, March 19- The dollar jumped on Wednesday as Federal Reserve Chair Janet Yellen surprised world markets by hinting that the central bank may accelerate the timetable for ending low U.S. interest rates.
*See for data on primary dealers. March 19- The Federal Reserve will not begin raising interest rates until the second half of 2015, despite comments from Fed Chair Janet Yellen that suggested increases might come sooner, a survey of top Wall Street economists showed on Wednesday.
March 19- The Federal Reserve is telling us that not much has changed in the economy except rates are going to go up faster. That is either growing hawkishness or a communications flub by Janet Yellen in her first Federal Open Market Committee press conference.
*Monte Paschi is Siena is world's oldest bank. ROME/ MILAN, March 19- In just six months, Antonella Mansi has cut the umbilical cord that for 500 years united Monte dei Paschi di Siena to its medieval home town.
*Gold drops further after Fed says to revamp rate guidance. NEW YORK/ LONDON, March 19- Gold fell about 2 percent on Wednesday, its biggest one-day drop in three months, as the dollar rallied after the Federal Reserve dropped a set of guideposts it had been using to help the public anticipate when it would finally start bumping borrowing costs up from zero.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The Federal Reserve will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later, Fed Chair Janet Yellen said on Wednesday.
NEW YORK, March 19- U.S. stocks fell on Wednesday after comments from Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates.
*Trader comments could challenge Bank of England. LONDON, March 19- British regulators are examining evidence relating to a 2012 meeting of currency dealers and Bank of England officials which potentially challenges the central bank's assertion it had not condoned sharing details of client orders.
*Fed widely expected to pare bond purchases by $10 billion. NEW YORK, March 19- U.S. government debt prices sank on Wednesday on the perception that Federal Reserve policy-makers will start raising interest rates sooner than expected.
*Fed trims monthly bond buying to $55 bln. NEW YORK, March 19- The dollar jumped on Wednesday as traders expanded early gains against the euro and the yen after U.S. central bankers cut back bond purchases and cited foul winter weather as a factor for worrying softness in American economic data.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The Federal Reserve on Wednesday pushed forward with plans to slowly wind down its stimulus but said it will likely need to keep rates low even after the economy regains its health given lasting scars from the financial crisis.
*Gold drops further after Fed says to revamp rate guidance. NEW YORK/ LONDON, March 19- Gold fell 1.8 percent on Wednesday as the dollar rallied after the Federal Reserve dropped a set of guideposts it had been using to help the public anticipate when it would finally start bumping overnight borrowing costs up from zero.
Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.
Brennan Hawken, UBS director of equity research, breaks down the quarterly earnings of Morgan Stanley and Goldman Sachs.
Kevin Kabat, Fifth Third Bancorp president & CEO, discusses the bank's quarterly earnings and the current regulatory environment in financials. Serving our customers is a key cog in helping move the economy forward, says Kabat.