Rising Asia corporate debt levels may make investors nervous after missed debt payments by a Portugal conglomerate spurred renewed default fears.» Read More
*BoE outlines two possible leverage ratio supplements. LONDON, July 11- The Bank of England proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis.
*Central Bank outlines two possible leverage ratio supplements. LONDON, July 11- The Bank of England proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis.
"We believe that freedom of expression, including of the press, has played an important part in Hong Kong's success," the report, made available by the British Consulate General in Hong Kong, said.
HONG KONG, July 11- Hong Kong's benchmark index finished flat on Friday and had its biggest weekly losses in two months, weighed down by underperforming banks and property counters. The Hang Seng Index closed little changed at 23,233.45, down 1.3 percent on the week- the largest loss since the week ended May 9.
NEW YORK/ LONDON, July 10- Gold surged to 3-1/ 2 month highs on safe-haven buying on Thursday after questions raised about the health of Portugal's top-listed bank sparked worry that a new euro zone banking crisis might be in the offing.
*Bullion at March 19 high after worry of another Europe contagion. NEW YORK/ LONDON, July 10- Gold hit 3-1/ 2 month highs on Thursday on safe-haven buying sparked by worries about Portugal's top listed bank, and after India kept record high duties on bullion that could prompt traders who did not buy gold earlier to return to the market.
"As such we take seriously concerns about press freedom, including fears about self-censorship," it adds, saying London would monitor the situation closely and noting Hong Kong leader Leung Chun- ying's "clear statements on press freedom".
*Bank of England holds interest rates, as expected. LONDON, July 10- The Bank of England held interest rates at record lows on Thursday but the pace of Britain's recovery looks likely to divide its policymakers soon over when to start weaning the economy off its support.
LONDON, July 10- Marks& Spencer's Chief Finance Officer Alan Stewart on Thursday quit to join Tesco, leaving one struggling British retail giant for another.
ST. LOUIS, July 9- U.S. prosecutors are using a new tactic to crack down on banks that fail to fight money laundering: systematically asking suspects in a wide range of criminal cases to help them follow the money back to their bankers.
LONDON, July 9- The London Metal Exchange and technology firm Autilla teamed up on Wednesday to launch a last-minute bid to run the new global silver price benchmark in the closely fought contest to replace the 117- year old London "fix."
*Russia faces threat of more sanctions. MOSCOW, July 9- Russia's economy is stagnating as data showed on Wednesday that capital worth $75 billion has left the country so far this year following sanctions on Moscow over its involvement in Ukraine.
LONDON, July 9- The London Metal Exchange and technology firm Autilla joined forces on Wednesday to propose an electronic system for setting the global silver price benchmark as the deadline neared for replacing London's century-old silver fix.
LONDON, July 9- The euro was steady against the dollar on Wednesday, with traders looking to a speech by European Central Bank chief Mario Draghi and minutes of the U.S. "Its really been very quiet," said Daragh Maher, a strategist with HSBC on Monday.
LONDON, July 9- The euro traded marginally stronger on Wednesday, with traders looking to a speech by European Central Bank chief Mario Draghi and the minutes of the U.S. "Its really been very quiet," said Daragh Maher, a strategist with HSBC on Monday.
BEIJING, July 9- China's consumer inflation cooled slightly more than expected in June, pointing to lingering weakness in the economy which could prompt Beijing to launch further stimulus measures to shore up growth.
*Tencent has biggest fall in over a month after U.S. tech shares fall. HONG KONG, July 9- Hong Kong shares fell on Wednesday after U.S. stocks skidded, with Internet giant Tencent the biggest drag, while Chinese markets were knocked off three-week highs as banks fell. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.1 percent.
U.S. authorities have begun settlement talks with Commerzbank over its dealings with blacklisted countries, the New York Times reports.
The banks are Aurora, Bank of America, Citigroup, Goldman Sachs, HSBC, JPMorgan, MetLife Bank, Morgan Stanley, PNC Financial Services, Sovereign, SunTrust, U.S. Bank and Wells Fargo. The $9.3 billion settlement called for $3.6 billion in cash payments and $5.7 billion in aid such as reduced mortgage loans.
LONDON, July 7- From a small, white-washed basement close to London's Liverpool Street station, Sakthi Ariaratnam is beating banks at what you would have thought was their own game- and it is relatively easy. On a recent Tuesday morning in the heart of London's City financial district, Sakthi's firm Best FX would sell you 124 euros for 100 British pounds.