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Bank of New York Mellon Corp

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  • LONDON, Sept 26- The dollar held just below a four-year high against a basket of currencies on Friday, fueled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.

  • Dollar heads for 11th weekly gain but tensions grow Friday, 26 Sep 2014 | 4:56 AM ET

    The dollar was back on the front foot against the yen and several other major currencies on Friday, on track for an 11th straight weekly gain.

  • LONDON, Sept 26- The dollar held near a four-year high against a basket of currencies on Friday, fuelled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.

  • LONDON, Sept 26- The dollar was back on the front foot against the yen and several other major currencies on Friday, on track for an 11th straight weekly gain that extends its longest winning streak since its 1971 free float.

  • Why Buffett is always betting big on bank stocks Thursday, 25 Sep 2014 | 9:00 AM ET
    Goldman Sachs Group CEO Lloyd Blankfein (left) and Warren Buffett, CEO of Berkshire Hathaway

    Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.

  • Argentina payment plan adds to creditor frustration Tuesday, 23 Sep 2014 | 4:14 PM ET

    NEW YORK, Sept 23- Argentina is expected to deliver a US $200 m coupon payment in the next week on its restructured Par bonds, but frustrated investors still have little chance of getting their hands on the money.

  • BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez met on Monday with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest default.

  • NEW YORK, Sept 22- U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy.

  • NEW YORK, Sept 22- Citigroup Inc plans to ask a U.S. judge to put on hold an order barring it from processing payments on $8.4 billion in bonds issued under Argentina's local laws following its 2002 default.

  • US STOCKS-Chinese ADRs fall sharply on the day Monday, 22 Sep 2014 | 11:07 AM ET

    NEW YORK, Sept 22- Chinese companies traded in the United States were lower on Monday, dropping heavily after China's finance minister indicated that the country would not increase its stimulus measures. Recent data in China has been weak, leading many analyst to lower their growth forecasts and hope for more aggressive accommodations from the government.

  • BUENOS AIRES, Sept 22- Argentine President Cristina Fernandez on Monday will meet bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country's latest debt default, a government minister said.

  • NEW YORK, Sept 19- A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.

  • LONDON, Sept 17- London's trading rooms are gearing up for an extra long shift to cover Scotland's independence referendum and drafting in extra staff, anticipating a surge in activity when the result comes through early on Friday.

  • LONDON, Sept 17- London's trading rooms are gearing up for an extra long shift to cover Scotland's independence referendum and drafting in extra staff, anticipating a surge in activity when the result comes through early on Friday. The vote on whether Scotland should end its 300- year-old union with England was set for a nail-biting finish.

  • NEW YORK, Sept 12- U.S.-listed shares of Brazilian companies were down sharply on Friday after an opinion poll showed Brazilian President Dilma Rousseff has narrowed the lead of her top challenger, Marina Silva, in a likely runoff race.

  • *Scots vote, Ukraine tension bog down global stock prices. Nervousness about a Scottish vote next week on a split from the United Kingdom and tension between Russia and the West over Ukraine also weighed on stocks and other riskier investments, analysts said.

  • But she needs to route the funds through channels beyond the reach of the U.S. judge who ruled that Argentina must settle a legal fight with a group of New York hedge funds over unpaid debt from a massive 2002 default before servicing its performing debt.

  • BUENOS AIRES, Sept 11- Argentina's Congress on Thursday overwhelmingly passed a debt bill aimed at defying a U.S. court ruling which tipped the country into default for the second time in 12 years. It also encourages investors to move their Argentine debt from the United States or other foreign jurisdictions to either Argentina or France via an exchange of debt.

  • BUENOS AIRES, Sept 11- Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable Argentina to make payments on its foreign-held bonds locally or elsewhere beyond the reaches of the U.S. court.

  • NEW YORK, Sept 10- U.S.-listed shares of South African gold miner AngloGold Ashanti Ltd were among the biggest percentage decliners on the New York Stock Exchange Wednesday after it announced a $2.1 billion rights issue and plans to spin off its non-South African assets in a new British-based company.