Federal Reserve Keeps Interest Rates Low; Sees Economy Improving; Will Keep Buying Bonds
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*CPI, money supply, lending miss forecasts, add to slowdown worry. BEIJING, June 9- China's growth could slow further after data released on Sunday showed subdued activity right across the economy in May in the face of sustained global weakness, raising the possibility of interest rate cuts.
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"That will benefit especially the peripheral European economies who are selling more goods to Germany and attracting more German tourists," Schmieding said.
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Japan's benchmark stock index moved out of bear market territory on Friday following comments by Japan's Government Pension Investment Fund (GPIF) that shook Tokyo financial markets minutes before the close of trade.
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TOKYO, June 7- The U.S. dollar was on the back foot in Asia on Friday after suffering its biggest one-day decline in three years against the yen as market players unwound their bullish bets on the greenback ahead of a closely watched U.S. jobs report.
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TOKYO, June 7- Japan's Nikkei average is expected to open lower on Friday, taking the index into bear market territory, as exporters are likely to take a beating after the yen firmed against the dollar on concerns that the key U.S. jobs report will disappoint.
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LONDON/ BRUSSELS June 6- European Union plans to wrest from London the supervision of Libor and other benchmarks, such as those covering oil and commodities, are "intrusive" and likely to be changed, a top EU lawmaker said on Thursday. The plans are likely to raise hackles in Britain, as Brussels seeks to take on powers currently held by national regulators.
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LONDON, June 6- Britain's energy watchdog Ofgem on Thursday launched a review of how price reporting agencies set wholesale gas and electricity prices, while separately investigating allegations of market rigging and beefing up its enforcement role.
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Regulators are reaching out to try to better understand how "dark pools" operate, The Wall Street Journal reports.
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LONDON/ BRUSSELS June 6- European Union plans to wrest from London the supervision of Libor and other benchmarks, such as those covering oil and commodities, are "intrusive" and likely to be changed, a top EU lawmaker said on Thursday. The plans are likely to raise hackles in Britain, as Brussels seeks to take on powers currently held by national regulators.
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*Johnson Matthey rises after results. LONDON, June 6- Johnson Matthey was the star performer after results as the chemicals firm led European shares slightly higher by midday, with trade expected to remain volatile ahead of U.S. economic data.
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BEIJING, June 6- Growth in China investment and factory output probably remained listless in May on soft domestic demand, a Reuters poll showed, heightening risks that the Chinese economy may cool further in the second quarter.
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LONDON/ BRUSSELS June 6- European Union regulators published guidelines on Thursday to stop banks rigging Libor and other market benchmarks in an interim measure before a more far-reaching EU law comes in.
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*Barclays falls after Nomura places 84.5 mln shares. LONDON, June 6- European shares were flat in early trade on Thursday and were likely to be volatile ahead of U.S. jobs data, while UK lender Barclays underperformed the market, falling after a share placement.
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LONDON, June 6- UK lender Barclays was among the top fallers after a share placement as European equities were expected to be volatile ahead of jobs data in the U.S., a strong reading of which could drive markets lower. Barclays fell 1.7 percent with traders citing market speculation that Nomura had placed 84.5 million Barclays shares on the market at 308.5 pence.
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The Chinese consortium buying International Lease Finance Corp placed about 10 percent of the purchase price in an escrow account, American International Group said in a regulatory filing on Wednesday.
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TORONTO/ CALGARY, June 5- Canada's Penn West Petroleum Ltd named a former Marathon Oil Corp executive as CEO and said it would slash its dividend, cut 10 percent of its staff and review strategic options such as asset sales and joint ventures.
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The decision to remove a 6 percent IOF financial transaction tax on foreign buying of local bonds potentially increases the appeal of fixed-income assets in Brazil, but it is also expected to add volatility to the domestic foreign exchange market.
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BOSTON, June 5- Insurer American International Group Inc has received a delayed deposit payment from the Chinese consortium buying its ILFC airplane leasing business, AIG said in a regulatory filing on Wednesday. Last week AIG said it had not received the payment as scheduled, a development that threatened to derail the deal, worth up to $4.8 billion.
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TOKYO/ SYDNEY, June 5- The dollar's recovery from an early-week selloff paused on Wednesday as investors awaited a trio of U.S. job reports, while the Australian dollar took a hit after disappointing growth data.
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June 3- EMC Corp turned to the bond markets to raise money for the first time on Monday, selling US $5.5 billion in debt to help fund an expanded share buyback program. Much as Apple did in April, data storage equipment maker EMC made its debut largely to benefit shareholders- in what may signal a wider shift in the technology sector.
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