MUMBAI, Dec 18- India's central bank is expected to keep interest rates on hold on Tuesday despite government pressure for a cut, sticking to its guidance that it will not ease monetary policy before early next year as cooling inflation is still too high for comfort.
Anticipating higher taxes, and discussing whether Washington is closer to a deal on the fiscal cliff, with Mohamed El-Erian, PIMCO CEO & co-CIO. "You will see tax rates go up, and they will be part of a bigger package, and they will hopefully be a stepping stone to other things that need to get done in Washington," he says.
Patient Protection and Affordable Care Act, which was enacted in 2010. They will create online marketplaces where individuals can buy health insurance from companies like UnitedHealth Group, Wellpoint Inc, Aetna Inc and Cigna Corp..
CHICAGO, Dec 17- The U.S. unemployment rate could level off "near important psychological and policy thresholds," depending on how fast discouraged job seekers return to the job hunt, according to research published Monday. That could deal a blow to consumer confidence and spending, the research by top San Francisco Federal Reserve Bank economists suggested.
*Germany fought to constrain ECB's regulatory scope. BRUSSELS, Dec 17- New European Central Bank powers to oversee euro zone banks will help restore confidence in the sector and revive interbank lending, its president, Mario Draghi, said on Monday.
LONDON, Dec 17- Proposed curbs on insurers aimed at preventing a repeat of AIG's 2008 taxpayer bailout could raise the cost of insurance, making more people dependent on the state, a finance sector lobby group said. "As currently designed, there is a high risk of detrimental unintended consequences," the Institute of International Finance said on Monday.
BRUSSELS, Dec 17- New European Central Bank powers to oversee euro zone banks will help restore confidence in the sector and revive interbank lending, its president, Mario Draghi, said on Monday.
LONDON, Dec 17- Proposed curbs on insurers aimed at preventing a repeat of AIG's 2008 taxpayer bailout could raise the cost of insurance, making more people dependent on the state, a finance sector lobby group said. "As currently designed, there is a high risk of detrimental unintended consequences," the Institute of International Finance said on Monday.
DUBAI, Dec 17- Emirates NBD, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400- 500 million for the French lender.
DUBAI, Dec 17- Emirates NBD, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400- 500 million for the French lender.
*AIG offers AIA shares in range of HK $29.65- HK $30.65- sources. HONG KONG, Dec 17- American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.
*AIG to sell shares in range of HK $29.65- HK $30.65- source. HONG KONG, Dec 17- American International Group Inc may raise up to $6.5 billion through the sale of its remaining stake in Asian insurer AIA, a source said on Monday, marking AIG's total exit from a company it has held a stake in for nearly 100 years.
SHANGHAI, Dec 15- China's foreign exchange regulator has removed the $1 billion limit for foreign sovereign wealth funds, central banks and monetary authorities buying Chinese assets through the Qualified Institutional Investor Programme.