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Barclays PLC

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  • NEW YORK, Feb 27- U.S. stocks edged down late in Friday's session on the last trading day of February, led by technology stocks, but oil prices rebounded for their first monthly gain since June. European shares broke multi-year records ahead of the European Central Bank's planned moves to stimulate growth. The Nasdaq was the weakest of the three major U.S. indexes,...

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • NAIROBI, Feb 27- In a world where many central bankers fret about deflation, defaults and currency break-ups, Somalia's central bank chief has a more straightforward mission: helping a financial industry that grew up in war to survive in peace. Money transfer firms which kept cash flowing into Somalia during two decades of conflict when the nation's formal...

  • LONDON, Feb 27- European shares held steady at seven-year highs on Friday as investor confidence stayed buoyant ahead of the European Central Bank's monthly 60- billion-euro money-printing programme set to start in March. "The market's had a good run and it's the end of the month so we're going to see it drift lower today as people book some profit," ETX Capital's...

  • *Dollar index eases from previous day's 1- month high. Jan CPI, durables goods data raise rate-hike bets. LONDON, Feb 27- The dollar index fell on Friday amid month-end selling but was still on track for a record eighth month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise later this year.

  • LONDON, Feb 27- European shares rose to fresh seven-year highs on Friday, extending a two-month rally fuelled by the European Central Bank's money printing programme which starts in the coming weeks. About two-thirds of the way into Europe's earnings season, 55 percent of companies have met or beaten profit forecasts. Overall, fourth-quarter earnings are...

  • *Dollar index eases from previous day's 1- month high. LONDON, Feb 27- The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year. The index had rallied 1.1 percent on Thursday, bringing it...

  • Hutton, will join Barclays PLC's wealth and investment management division in the Americas next month as general counsel, a company spokeswoman said on Wednesday. "It's been a memorable journey," McKay wrote in a memo to Dominick employees, adding that he accepted Barclays' offer "after much tortured thought." The bank's former chief executive, Robert Diamond,...

  • US new home sales fall slightly in January Wednesday, 25 Feb 2015 | 10:00 AM ET

    The Commerce Department said Wednesday that new home sales slipped 0.2 percent last month to a seasonally adjusted annual rate of 481,000. This marks a slight decrease from sales of 482,000 homes in December, but represents a solid 5.3 percent gain from a year ago when harsh winter weather caused home-buying to stall. "Activity for the rest of the year is likely...

  • Dollar slips as Yellen shows no rush to raise rates Wednesday, 25 Feb 2015 | 12:11 AM ET

    The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.

  • SINGAPORE/ TOKYO, Feb 25- The dollar edged down against the yen on Wednesday after Federal Reserve Chair Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle. In closely watched remarks before the U.S. Senate Banking Committee on Tuesday, Yellen said the Fed is preparing to consider interest rate hikes "on a...

  • TOKYO, Feb 25- Asian stocks rose on Wednesday thanks to gains on Wall Street after Federal Reserve Chair Janet Yellen suggested the Fed would not rush into raising interest rates, a reassuring signal for investors worried about a deteriorating global outlook. In remarks to the Senate Banking Committee, Yellen said the U.S. central bank was preparing to consider...

  • NEW YORK, Feb 24- U.S. Treasuries prices rallied on Tuesday, erasing early losses after testimony from Federal Reserve Chair Janet Yellen kept the door open for a later than midyear interest rate hike and a two-year note auction met with strong demand. In remarks to the Senate Banking Committee, Yellen described how the Fed's rate-setting policy committee would...

  • *Barclays move prompted by Moody's downgrade. LONDON, Feb 24- Barclays will remove Russian foreign currency debt from its global bond indexes, putting it off-limits for many international investors, after Moody's became the second agency to downgrade the country's credit rating to junk. "The downgrade does signal more limited access and higher costs for hard...

  • LONDON, Feb 24- The global "savings glut" that has driven stocks to record highs and bond yields to record lows will soon start to disappear, leading to higher interest rates around the world as populations age, according to a Barclays study. Barclays says that trend will weigh heavily on financial asset prices in the coming decades. Barclays estimates this shift in...

  • LONDON, Feb 24- Monetary easing expectations weighed on the Israeli shekel and Turkish lira on Tuesday amid broader weakness among emerging market currencies, though the rouble stabilised after recent heavy falls. Markets shrugged off an announcement that Barclays would eject 10 dollar- denominated and one euro- denominated Russian bond from its Global...

  • *Fed's Yellen testifies to Congress at 1000 EST/ 1500 GMT. LONDON, Feb 24- World shares held near all-time highs on Tuesday on relief that Greece had submitted reform plans and the dollar was firmer on expectations that Fed chair Janet Yellen would keep the bank nudging towards U.S. rate hikes. The dollar gained 0.4 percent to 119.34 yen and was up roughly 0.15...

  • US probes banks over metals pricing: Report Tuesday, 24 Feb 2015 | 4:50 AM ET

    U.S. officials are investigating at least 10 major banks for the possible rigging of precious-metals markets, according to The Wall Street Journal.

  • The banks are HSBC Holdings Plc, Bank of Nova Scotia, Barclays Plc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS Group AG, the Journal said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said...

  • The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said on...