The first Swiss banks have signaled their readiness to work with U.S. officials in a crackdown on wealthy Americans evading taxes.» Read More
*CPI data due on Thursday, Dec. 12 at 1200 GMT. BANGALORE, Dec 11- Indian inflation is forecast to remain close to 9- month highs in November, a Reuters poll showed, putting further pressure on the central bank to follow up on its back-to-back interest rate hikes despite slowing economic growth.
Canadian National Railway Co. rose$. 05 or. 1 percent, to $56.34. Canadian Pacific Railway Ltd. fell$. 42 or. 3 percent, to $152.54. Kansas City Southern fell$. 19 or. 2 percent, to $119.69.
*Valiant, Berner Kantonalbank say will come clean. ZURICH, Dec 10- The first Swiss banks have signalled their readiness to work with U.S. officials in a crackdown on wealthy Americans evading taxes and many more are expected to follow in the coming weeks, in the latest blow to Switzerland's cherished bank secrecy.
TORONTO, Dec 10- Lululemon Athletica Inc named a new chief executive on Tuesday and said founder Chip Wilson will step down as chairman, as the upscale yogawear retailer tries to expand globally and put a series of embarrassing quality issues and other gaffes behind it.
Canadian National Railway Co. fell$. 14 or. 2 percent, to $56.15. Canadian Pacific Railway Ltd. fell$. 79 or. 5 percent, to $152.17. Kansas City Southern rose$. 88 or. 7 percent, to $120.76.
*Valiant, Berner Kantonalbank say will come clean. *Vontobel to take part, but free of US undeclared assets. The deal between the United States and Switzerland, agreed in August, is part of a U.S. drive to lift the veil of Swiss bank secrecy.
WASHINGTON, Dec 9- U.S. household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery. The Federal Reserve said on Monday household wealth increased $1.9 trillion to $77.3 trillion in the third quarter, the highest level since records started in 1945..
*Valiant says U.S. clients are less than 1 pct of total. ZURICH, Dec 9- Valiant Holding AG on Monday became the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.
*HSBC considering floating up to 30 pct of UK business- FT. LONDON, Dec 9- HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders. The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm.
LONDON, Dec 9- Gold was steady on Monday as the dollar eased and investors assessed whether last week's better-than-expected U.S. jobs number was robust enough to lead the Federal Reserve to start withdrawing monetary stimulus soon. "Clearly the overall tapering is reflected in the gold price," Credit Suisse analyst Karim Cherif said.
LONDON, Dec 9- Gold was little changed on Monday as the dollar eased and investors assessed whether last week's better-than-expected U.S. jobs number was robust enough to lead the Federal Reserve to start a withdrawal of stimulus soon. "Clearly the overall tapering is reflected in the gold price," Credit Suisse analyst Karim cherif said.
Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank to come to the euro zone's rescue again with more than just another interest rate cut.
The company, operator of Sears department stores and the Kmart discount chain, has been selling or spinning off assets and closing stores for the past few years to try to turn around its business. Sales have been dropping since Lampert combined Sears and Kmart in an $11 billion deal in 2005..
*Fed buys $5.13 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. The market priced in most of a worse case scenario heading into the number, "said Aaron Kohli, an interest rate strategist at BNP Paribas in New York.
LONDON, Dec 6- Gold climbed in volatile trade on Friday, bouncing from session lows reached after U.S. jobs data beat forecasts, as traders who had bet on even larger losses rushed to cover their positions. Spot gold was up 0.7 percent at $1,233.41 an ounce at 1439 GMT, off an earlier low of $1,211.80.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "It pulls forward some expectations, potentially for a December taper," said Ira Jersey, an interest rate strategist at Credit Suisse in New York, though he added that Credit Suisse sees a move in January as more likely.
Dec 6- Gold rose on Friday, regaining some ground after sharp losses the previous day, but was still on course for a weekly loss as investors focused on U.S. employment data that might lead to the curbing of monetary stimulus.
SEOUL, Dec 6- For 61- year old construction worker Chae Chang- geun, an ethnic Korean from China, Seoul is a place to make money but not a place to call home.
ZURICH, Nov 29- Swiss banks should come clean to U.S. officials conducting a tax probe before an end-of-year deadline and face up to resultant penalties, or risk more costly prosecution later, Switzerland's financial regulator warned on Friday.