Startup investments totaled $9.47 billion in the first three months of the year, up from $6.01 billion in the first quarter of 2013. It was the highest since the second quarter of 2001, when investments reached $11.5 billion. Since March, shares of companies such as Netflix, Twitter and Facebook have sagged.» Read More
March 19- WASHINGTON, March 19- The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates.
NEW YORK, March 19- U.S. stocks fell on Wednesday after the Federal Reserve dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates.
NEW YORK, March 19- The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates. Treasuries and mortgage-backed securities to $55 billion from $65 billion.
WASHINGTON, March 19- The U.S. Federal Reserve expects to push interest rates up a bit more aggressively in 2015 and 2016 than policymakers thought likely just a few months ago. The Fed has held overnight rates near zero since December 2008.
*KB Home rallies after results, Adobe Systems falls. NEW YORK, March 19- U.S. stocks barely budged on Wednesday as investors paused after a two-day rally and looked ahead to comments from Federal Reserve Chair Janet Yellen.
*Central Bank cuts reserve requirements for franc deposits. KINSHASA, March 19- Democratic Republic of Congo will begin issuing longer debt maturities from April and slash reserve requirements for local currency deposits as it seeks to wean its economy off the U.S. dollar, a senior central bank official said on Wednesday.
JPMorgan Chase agreed to sell its physical commodities business to Mercuria, catapulting the Swiss firm into the top tier of commodities traders.
*UK insurers hurt by budget measures. *Spain's IBEX outperforms as Inditex reassures. Legal& General was down 13 percent and Aviva down 7.5 percent after UK finance minister George Osborne announced the plans as part of the UK budget.
NEW YORK, March 19- The world's major stock and bond markets were little changed on Wednesday as investors awaited comments from Federal Reserve Chair Janet Yellen at the conclusion of the Fed's two-day policy meeting.
NEW YORK, March 19- The dollar got a lift on Wednesday from expectations the Federal Reserve will look beyond the drag of a harsh winter on America's economy and keep unwinding its monetary stimulus.
*Metals brokerage business to stay with JPMorgan, source says. NEW YORK, March 19- JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.
March 19- U.S. investment bank JPMorgan Chase& Co. has sold its physical commodities arm to Mercuria for $3.5 billion in cash, catapulting the Swiss trade house into the top tier of commodities traders.
"Across the board this is the most trusted financial system in the world," says Thomas Donohue, U.S. Chamber of Commerce CEO & president, discussing the U.S. financial system and why he believes there is a misconception that capital markets are a burden.
*Fed widely expected to pare bond purchases by $10 bln. NEW YORK, March 19- U.S. government debt prices were little changed on Wednesday as investors waited for the Federal Reserve to possibly change its guidelines on the timing of raising interest rates as job growth remains sluggish and inflation stays stuck below its target.
NEW YORK, March 19- U.S. stocks edged modestly lower at the open on Wednesday, following two days of gains, as investors awaited comments from Federal Reserve Chair Janet Yellen at the conclusion of a two-day Fed policy meeting.
FRANKFURT/ PARIS March 19- France's big banks are embracing an unlikely challenge- to prise away some of Germany's mighty Mittelstand of small and medium-sized enterprises from their local banking partners.
SHANGHAI/ HONG KONG, March 19- A denial by China's central bank that it is involved in emergency talks to bailout a troubled property developer reinforced signals Beijing is now more willing to let banks and other investors take losses on loans. However, the reports "did not accord with reality", the People's Bank of China said in a post on China's Twitter- like Weibo.
*Lee seen starting as Bank of Korea governor April 1. SEOUL, March 19- A South Korean parliamentary committee on Wednesday endorsed Lee Ju- yeol, a former central bank deputy chief, to become the next Bank of Korea governor and help steer Asia's fourth-biggest economy towards a durable recovery.
SEOUL, March 19- South Korea's authorities are inspecting units of four foreign banks over a spike in yuan holdings, regulatory sources told Reuters on Wednesday, reflecting Seoul's concern about potential risks posed by the rapid rise in exposure to China's markets and its currency.
*Focus on UK jobs data, annual budget. LONDON, March 19- The dollar rose against the yen and euro on Wednesday, drawing comfort from expectations the Federal Reserve will further unwind monetary stimulus, looking beyond the impact on the economy of a harsh winter. The dollar edged up 0.2 percent to 101.625 yen, staying above a one-month low of 101.20 yen hit on March 3.
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.