A safety issue involving a Malaysia Airlines jet on Monday may highlight investor sensitivity towards airplane incidents after the disappearance of MH370, analysts say.» Read More
FRANKFURT, April 1- Ailing German public-sector lender HSH has cut its exposure to bad shipping loans by striking a debt restructuring deal involving the merger of debtor Ahrenkiel and two of its shipping peers.
SAO PAULO, April 1- Banco Bradesco SA and Itaú Unibanco Holding SA are considering pulling out of a 6 billion real share offering by Brazil's Grupo Oi SA, two sources with direct knowledge of the situation told Reuters on Tuesday.
*Italian banks rally on Popolare, Monte Paschi boost. Italian mid-tier banks Banco Popolare and Monte Paschi were among top risers on the STOXX Europe 600 index, up 15.8 percent and 4.9 percent respectively, compared with a 0.2 percent rise for the whole index.
*Italian banks rally on Popolare, Monte Paschi boost. Italian mid-tier banks Banco Popolare and Monte Paschi were the top risers on the STOXX Europe 600 index, surging 9.9 percent and 7.6 percent respectively compared with a 0.4 percent rise for the whole index.
ZURICH/ LONDON, March 31- Swiss and British regulators stepped up their scrutiny of alleged manipulation of foreign exchange markets on Monday, as watchdogs take a closer look at whether banks have a tight enough grip on the behaviour of their traders.
LONDON, March 31- Switzerland's competition commission WEKO said on Monday it had formally opened an investigation into eight Swiss, U.S. and British banks over potential collusion to manipulate foreign exchange rates.
*Novartis rises on positive results for heart drug. LONDON, March 31- European equities hit a three-week high on Monday, with Novartis stronger due to good results for its heart drug and miners performing well on expectations that China might stimulate its economy.
ZURICH, March 31- Switzerland's competition commission WEKO said on Monday it had opened an investigation into several Swiss, British and U.S. banks over potential collusion to manipulate foreign exchange rates. WEKO said it is investigating UBS, Credit Suisse, Zuercher Kantonalbank, Julius Baer, JP Morgan, Citigroup, Barclays and Royal Bank of Scotland.
Switzerland's competition watchdog said on Monday it had opened an investigation into several banks over possible collusion to manipulate foreign exchange rates.
As cloud storage company Box eyes a public offering in the coming weeks, its No. 1 competitor, Dropbox, is not far behind.
*Gold marks 3 pct weekly decline. NEW YORK/ LONDON, March 28- Gold turned higher after touching six-week lows under $1,300 an ounce on Friday, but marked its second straight weekly decline as an improving U.S. economic outlook lifted the dollar and bolstered appetite for risk.
NEW YORK, March 28- U.S.
HONG KONG, March 28- The U.S. "I personally doubt that the funds rate is going to start to increase before the middle of 2015," Chicago Federal Reserve Bank President Charles Evans told a Credit Suisse investment conference in Hong Kong.
NEW YORK, March 28- U.S.
*Fed to buy $1 bln- $1.25 bln bonds due 2036- 2044. NEW YORK, March 28- U.S. "If the Fed is going to hike it's going to be the belly of the curve that takes the brunt of the pain as we get closer to actual hikes," said Ira Jersey, an interest rate strategist at Credit Suisse in New York.
*China investment promise boosts basic resources. LONDON, March 28- European shares rose on Friday and looked set to gain for a second straight week after basic resources stocks got a boost from China.
HONG KONG, March 28- The U.S. "I personally doubt that the funds rate is going to start to increase before the middle of 2015," Chicago Federal Reserve Bank President Charles Evans told the Credit Suisse investment conference in Hong Kong.
A group of 24 such companies compiled by Credit Suisse has lost $63 billion in market value, or almost 19 percent, so far in March.
HONG KONG, March 27- A bubble could form in the U.S. economy even as the Federal Reserve unwinds its accommodative policy, a top U.S. central banker said on Thursday, adding policymakers' ability to spot them had improved substantially.
Federal Reserve official said in Hong Kong on Thursday that raising the inflation target from 2 percent to 4 percent is not a good idea.