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
MOSCOW, March 12- Russia's central bank will probably keep key policy rates on hold at its regular meeting on Friday, economists say, but any escalation of tensions over Ukraine could prompt a further tightening in monetary policy.
SHANGHAI, March 12- China's yuan fell slightly on Wednesday as corporate dollar demand appeared to exceed supply, with the recent central bank-engineered yuan devaluation translating into genuinely bearish market sentiment, traders said.
NEW YORK, March 11- The Pimco Total Return Fund, the world's largest bond fund, slashed its holdings of mortgages in February to the lowest level since at least late 2011 on bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Tuesday.
WASHINGTON, March 11 (Reuters)- The Obama administration said on Tuesday that 4.2 million people have signed up for private health insurance under Obamacare, and indicated that total enrollment could surpass a 6 million-enrollee forecast by the end of March.
*PBOC may cut bank reserves if GDP growth below 7.5 pct- sources. BEIJING, March 12- China's central bank is prepared to take its strongest action since 2012 to loosen monetary policy if economic growth slows further, by cutting the amount of cash that banks must keep as reserves, sources involved in internal policy discussions say.
*Germany's Schaeuble points to differences. BRUSSELS, March 11- European ministers agreed on Tuesday to strengthen a scheme to tackle troubled banks, seeking to win the blessing of EU lawmakers for a reform to fortify the euro zone against crises. It could even fall to European Union leaders, who meet in Brussels on March 20-21, to decide.
ADMINISTRATION SAYS 4.2 MLN PEOPLE HAVE ENROLLED IN PRIVATE HEALTH INSURANCE UNDER OBAMACARE AS OF MARCH 1.
WASHINGTON, March 11- The Obama administration on Tuesday said the number of people enrolled in private health insurance under Obamacare reached 4.2 million on March 1, amid independent reports of a sustained decline in America's huge uninsured population.
Emerging currencies weaken with commodities on China concerns. NEW YORK, March 11- The euro fell against the dollar and the yen on Tuesday after European Central Bank policymakers indicated traders may have overlooked the message that the bank may still act to stimulate the euro zone economy.
In an investor alert titled "Bitcoin: More than a Bit Risky," the Financial Industry Regulatory Authority said recent events such as the bankruptcy of Bitcoin exchange operator Mt. "Speculators drawn to bitcoin trading should understand that bitcoin prices have fluctuated widely, and wildly," said Gerri Walsh, FINRA's vice president for investor education.
March 11- As a symbol of Britain's ill-advised romance with banking and dubious foreign money, a new prime London property investment fund is hard to beat.
*Fannie Mae, Freddie Mac would be liquidated under plan. WASHINGTON, March 11- The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.
FRANKFURT, March 11- The European Central Bank will press euro zone banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in the coming months, signalling a new, more aggressive era of banking supervision.
Jive has hired Qatalyst Partners, the investment bank led by Silicon Valley dealmaker Frank Quattrone, to find a buyer, the blog Re/Code reported, citing sources. Jive approached Oracle Corp, SAP AG and Workday Inc, but was rebuffed by them, the sources told the blog.
FRANKFURT, March 11- The European Central Bank will press banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in coming months, signalling a new, more aggressive era of banking supervision in the bloc.
March 11- Among the most crucial elements of the European Central Bank guidelines released on Tuesday for this year' asset quality review of euro zone lenders is how the results will flow through to the way banks present themselves to markets and investors.
March 11- The European Central Bank on Tuesday released the guidelines for its review of balance sheets at the euro zone's 128 largest banks, which it plans to complete in October. The exercise will cover 3.72 trillion euros of risk-weighted assets.
Riccardo Barbieri, chief European economist at Mizuho International, says UniCredit could be vulnerable the turmoil in Ukraine, given its exposure to eastern europe.
LONDON, March 11- British oil company BP said none of its currency traders had engaged in inappropriate trading activity, after a media report alleged one of them had received information from a dealer at Lloyds Banking Group.
WASHINGTON, March 11- The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.
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.