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  • *Singapore generates 95 pct of power from natural gas. SINGAPORE, March 19- Singapore is taking steps to reduce its almost total reliance on fossil fuels in power generation by offering commercial customers the city-state's first dual solar and conventional electricity contract. The relatively high electricity price and falling solar costs have helped...

  • SINGAPORE, March 19- U.S. crude futures fell towards $44.50 a barrel on Thursday after oil stocks rose to their highest level in at least 80 years but a weaker dollar put a floor under prices as the U.S. *U.S. crude for April delivery fell 11 cents to $44.55 by 0031 GMT on Thursday after closing up $1.20, or almost 3 percent, in the previous session. *U.S. crude stocks climbed...

  • New York, March 18- A majority of Wall Street's top banks now see the Federal Reserve holding off until at least September before raising interest rates for the first time since 2006 after the U.S. central bank on Wednesday downgraded its assessment on the economy and forecast a gentler path of rate hikes over the next two years. Just two weeks ago, the top...

  • NEW YORK, March 18- The dollar plunged across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. The dollar also dropped 3 percent versus the Swiss franc, posting its worst daily performance since Jan. 15,...

  • WASHINGTON/ LONDON, March 17- The British units of foreign banks could be required by UK regulators to submit to annual health exams for the first time, banking and industry sources said, potentially bringing Britain's policies into line with those of the U.S. The UK's Prudential Regulation Authority has recently started asking foreign banks to submit data, the...

  • By Richard Leong and Gertrude Chavez-Dreyfuss. NEW YORK, March 17- The collapse in crude oil prices may have reduced revenues of oil exporters, but it has not soured their appetite for U.S. government debt. With the dollar hovering near a 12- year peak against a basket of currencies, OPEC and oil exporters are hedging the drop in their oil income from profits on a...

  • *World shares hit one-week high; Asia gain from dollar pause. *Bank of Japan maintains policy, economic assessment. Solid gains for Asian markets overnight failed to transfer to Europe where the recent rally in euro zone shares and bonds stalled as the euro notched its first two-day run of gains in three weeks, a disadvantage for the bloc's exporters.

  • *World shares hit one-week high; Asia gain from dollar pause. *Bank of Japan maintains policy, economic assessment. Solid gains for Asian markets overnight gave way to up and down trading in Europe.

  • NEW YORK, March 16- A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said...

  • SYDNEY, March 15- A consortium of private equity firm KKR& Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A $8.2 billion. "GE Capital is one of the most respected providers of consumer finance in Australasia," said Ed Bostock, director of KKR Australia.

  • BUENOS AIRES, March 13- Argentina on Friday demanded banks operating in the country process bond interest payments despite a U.S. court ruling that prohibited Citigroup Inc from distributing coupon payments on the country's local law bonds. Citigroup is one of several international financial institutions caught up in Argentina's lengthy legal feud with...

  • "In January 2015, UBS was added to an ongoing putative class action against other banks in federal court in New York on behalf of a putative class of persons that transacted in physical silver or a silver financial instrument priced, benchmarked, and/or settled to the London silver fix at any time from January 1, 1999 to an unspecified date," UBS said in the report.

  • LONDON, March 13- U.S. investment bank Goldman Sachs slashed its forecasts for the euro on Friday, predicting that it will fall through parity with the dollar within a year and plunge to a new record low of $0.80 by the end of 2017.. Goldman now sees the euro at $0.95 within 12 months, compared with $1.08 at the time of its last published forecasts in late January, $0.85...

  • NEW YORK, March 13- A U.S. housing regulator is set to take two of the world's biggest banks to trial on Monday to try and recoup more than $1 billion in damages over mortgage bonds sold to government-run mortgage finance companies ahead of the 2008 economic crisis. Lawyers for the regulator will face off with attorneys of Nomura Holdings Inc and Royal Bank of...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it attempts to re-enter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • Buy these financial stocks: Analysts Thursday, 12 Mar 2015 | 5:56 PM ET
    A sign is displayed outside Citigroup Center in New York.

    For investors looking to get into financial stocks after the latest stress test, there are certain names that stand out, two analysts said.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks traded higher as mixed economic data indicated to some investors that the Fed will not raise interest rates as early as anticipated.

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions and other violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...