Prices in the one of the world's most expensive housing markets are set to pick up pace, triggering renewed warnings of a potential bubble brewing.» Read More
*Central bank reaffirms no rush to raise interest rates. NEW YORK/ LONDON, July 30- Gold futures ended lower on Wednesday, but traders largely shrugged off a statement from the Federal Reserve hinting the U.S. central bank was in no rush to hike interest rates, which would reduce appetite for the precious metal.
BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.
-Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 29- China's refineries produced the most fuel on record in June and oil consumption reached the highest in 17 months, but there are still doubts as to the true strength of demand.
The ties between Britain’s banks and its economy have always been close, but they seem to have become even tighter in the post-banking bailout era.
A flurry of economic data out of Japan on Tuesday showed an improving labor market and an encouraging household spending picture.
*Ukraine- Russia tensions, Israel- Palestine cut gold's losses. NEW YORK/ LONDON, July 28- Gold was little changed on Monday as traders and investors awaited the outcome of a Federal Reserve policy meeting, while hazarding a guess on what U.S. jobs numbers for the month might be.
LONDON, July 28- The Bank of England won backing from the International Monetary Fund on Monday for keeping interest rates low, even as the IMF welcomed signs that Britain's surprisingly strong economic recovery is broadening.
LONDON— Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
HONG KONG— A popular Hong Kong pro-democracy website has closed, citing political pressure, the latest sign of mounting tensions as the semiautonomous Chinese city braces for a possible shutdown of its financial center by activists fighting Beijing's desire to limit democratic reforms.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 28- One thing has become clear from the latest production reports from the big three iron ore miners: They appear intent on ensuring their dominance by boosting low-cost output.
SHANGHAI, July 28- China's yuan strengthened against the dollar on Monday, as better-than-expected economic data offset a weaker central bank midpoint fixing, traders said, as the spot market continued to push the traded rate closer to the midpoint.
Paul Bloxham, Chief Economist for Australia and New Zealand at HSBC, says Beijing's "mini stimulus" is taking effect to prop up growth for the rest of 2014.
With companies in Asia slowing their capital investment, the region may face a deceleration in economic growth ahead, HSBC said.
Golf, a game often associated with business and affluence, is gaining a broader appeal in South Korea, which means business for the golf industry.
The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.
NEW YORK, July 26- A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.
HONG KONG— As skyscrapers around Hong Kong harbor erupted into a reverie of laser beams and giant digital displays during their synchronized nightly light show, one innocuous 28- story building near the water's edge had stayed dark for months, clad in bamboo scaffolding for a face-lift.
NEW YORK, July 25- Silver- bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in a lawsuit filed in a New York district court on Friday. The lawsuit was filed by J. Scott Nicholson, a resident of Washington DC. The daily silver fix in London is set once a day by the banks in a conference call.
NEW YORK, July 25- Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused in a lawsuit of manipulating silver prices in the physical and futures market, according to a lawsuit filed in a New York district court on Friday.
*Gold fix company to detail new code of conduct. LONDON, July 25- The company operating the gold price' fix' has appointed a supervisory committee to oversee the century-old system of benchmarking gold prices ahead of the implementation of stricter regulations, its website showed on Friday.