Square has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash.» Read More
TOKYO, April 15- The Bank of Japan's massive purchases of government debt hit a milestone this week, sucking liquidity out of the market to such an extent that the benchmark 10- year bond went untraded for more than a day, the first time in 13 years.
LONDON, April 15- The tens of billions of euros euro zone banks set aside for loan losses in their latest annual accounts may have substantially reduced the chance of institutions failing ECB stress tests in the next few months.
BRUSSELS— The European Union's Parliament on Tuesday completed the biggest overhaul of the bloc's financial system since the introduction of the euro currency, passing laws to minimize the risk and cost posed by failing banks.
BEIJING, April 15- Chinese shares listed in Hong Kong suffered their biggest daily drop in 10 weeks, hit by profit-taking in automakers and sharp declines in banks following weak Chinese money supply data.
BEIJING, April 15- China shares fell sharply on Tuesday as the banking sector took a beating after data showed the country's money supply grew at its slowest pace in more than a decade.
*Some wariness towards tensions in Ukraine. Some caution over tensions in Ukraine may be helping to temper the dollar's gains against the yen, said a trader for a European bank in Tokyo. Investors remained wary of developments in Ukraine, where any escalation might quickly cause risk appetite to evaporate.
BEIJING, April 15- China shares fell on Tuesday as weak banking stocks weighed on sentiment after data showed the country's money supply grew at its slowest pace in more than a decade and loan growth slowed. Hong Kong stocks also fell, dragged lower by auto shares, which shed some of the gains seen over the past few days after positive earnings data.
SHANGHAI, April 15- China's yuan softened on Tuesday after the central bank fixed its official midpoint at a seven-month low, as traders said major Chinese industrial companies were stocking up on dollars for trade as well as mergers and acquisitions.
Federal Reserve chairman Ben Bernanke visits India. CANBERRA, Australia- RBA Assistant Governor Guy Debelle speaks to the Economic Society of Australia in Canberra- 0230 GMT. DUBLIN- Irish financial regulator Cyril Roux speaks at conference on' The Future of Prudential Regulation'- 0900 GMT.
American Express Co. rose$. 96 or 1.1 percent, to $85.50. Capital One Financial Corp. rose$. 02 or percent, to $74.06. Discover Financial Services rose$. 13 or. 2 percent, to $55.28.
NEW YORK, April 14- Two former executives of a defunct New York broker-dealer were indicted Monday as part of a widening U.S. investigation into foreign bribery involving their employer and Venezuelan state economic development banks.
*Fiscal year 2014 deficit estimated to fall to $492 billion. WASHINGTON, April 14- Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.
American Express Co. rose $1.54 or 1.8 percent, to $86.08. Capital One Financial Corp. rose$. 26 or. 4 percent, to $74.30. Discover Financial Services rose$. 37 or. 7 percent, to $55.52.
RIO DE JANEIRO, April 14- The group representing Brazil's buyout industry is in talks with the government and lawmakers to implement a lower tax scheme on venture capital funds to help lure more money into the highly-risky segment, senior executives said on Monday.
*ECB's Draghi says stronger euro may trigger more easing. LONDON, April 14- Yields on government debt fell across the euro zone on Monday, with those on German Bunds hitting 10- month lows after European Central Bank chief Mario Draghi said a stronger euro might trigger further monetary easing.
The Congressional Budget Office predicts that health insurance subsidies under the so-called "Obamacare" plan will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.
FRANKFURT/ LONDON, April 14- By expressing concern at the euro's strength, European Central Bank President Mario Draghi is trying to talk down the currency and avoid taking fresh action to tackle worryingly low inflation- but financial markets will test his resolve.
NEW YORK, April 14- U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.
April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.
Erik Oja, S&P Capital IQ U.S. banks equity analyst, explains what contributed to Citi's better-than-expected earnings and why he lowered his price target on the bank.
Making loans for China's smaller businesses more available would likely resolve shadow banking difficulties, Minsheng Banking's vice chairman said.
At the China Entrepreneur Club's annual summit, Liu Yonghao, Vice Chairman at China Minsheng Banking and Chairman of New Hope Group describes how traditional lenders are helping small firms get loans.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.