Indian shares outperformed on Thursday while the rest of region declined on uncertainty over when the Federal Reserve may taper its stimulus program.» Read More
LONDON, Nov 13- Banks and miners led European shares lower around midday on Wednesday as uncertainty over the future of equity-friendly monetary stimulus sapped the appetite for risk.
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.
NEW YORK, Nov 8- U.S. Employers added 204,000 jobs to payrolls, the Labor Department said, topping economists' forecasts for 125,000 new jobs. Ten-year benchmark note prices slid 1-10/ 32 while yields shot up to 2.75 percent from 2.60 percent on the outlook that the Fed could trim bond purchases sooner than March 2014.
NEW YORK, Nov 8- Prices for U.S. "Overall this was a resoundingly strong report, particularly in the context of the government shutdown, which was supposed to wreak havoc on this number," said Tom Porcelli, chief U.S. economist with RBC Capital Markets in New York.
*IPO set to provide insight into China's bad loan problems. Investors are eagerly awaiting forthcoming details from the bad loan manager, whose fundraising is part of China's broader efforts to recruit private capital to help clean up rising bad debts in the financial system.
*IPO set to provide insight into China's bad loan problems. SHANGHAI/ HONG KONG, Nov 8- China Cinda Asset Management gained approval for a Hong Kong IPO that sources say could raise up to $2 billion, kickstarting a deal that will show how a company created for a government bank bailout transforms into a profit-driven entity.
India's move to encourage foreign banks to reposition as wholly-owned subsidiaries may find just a handful of takers, given the regulatory trade-off.
Carson Block, foundeder of Muddy Waters, challenged his latest target, Chinese mobile security software company NQ Mobile, to sue him in the U.S.
*Gold steadies after longest losing streak in nearly 6 months. LONDON, Nov 6- The euro rose off a seven-week low on Wednesday as talk of the U.S. European shares had already inched to a new five-year high results provided the leg up, including from world No. 1 jobs agency Adecco, which flagged increasing demand in Europe.
*Gold flat after longest losing streak in nearly 6 months. LONDON, Nov 6- The euro tip-toed away from a seven-week low on Wednesday as talk of extending the lifespan of the U.S. European shares had already inched to a new five-year high better-than-expected results, including from world No. 1 jobs agency Adecco, which flagged increasing demand in Europe.
HONG KONG, Nov 6- China's Shuanghui International Holdings, which bought U.S. pork producer Smithfield Foods Inc this year, has hired six banks for a Hong Kong IPO, seeking to raise up to $6 billion in what is set to be Asia's Pacific ex- Japan's largest offering in about four years.
Growth in one-time Asian tiger Indonesia may have slowed to 2009 levels in the third quarter, but economists aren't pushing the panic button.
*Westpac's cash profit A $7.1 bln in line with consensus. *Westpac final dividend A $0.88 vs A $0.84 a year earlier. SYDNEY, Nov 4- Westpac Banking Corp notched up record profits and unveiled a special dividend in a stellar year for Australian banks, and expectations are high that the industry will deliver more earnings growth in 2014..
LONDON, Nov 1- Britain's Barclays has suspended several traders amid multiple investigations into possible manipulation of benchmark foreign exchange rates, a banking industry source said on Friday.
JAKARTA, Nov 1- Indonesia's capital raised its minimum wages by 11 percent on Friday, far below demands for a 50 percent rise during a two-day strike that failed to draw the millions hoped for by labour unions.
*South Africa and Ghana ratings downgraded this year. JOHANNESBURG, Oct 31- One is considered a rising African star, the other has been stuck in the economic doldrums since the global financial crisis- for Ghana and South Africa, investor perceptions could not be more different.
LONDON, Oct 31- Citigroup has put its head of European spot currency trading in London, Rohan Ramchandani, on leave, as a global investigation into possible manipulation of foreign exchange rates gathers steam, a source familiar with the matter said on Thursday.
*Foreign banks can participate in asset-backed notes pilot. HONG KONG, Oct 31- Chinese regulators have expanded a pilot plan allowing banks to package loans into tradable securities to include foreign banks, sources said. Chinese Premier Li Keqiang told a cabinet meeting in late August that China would aggressively expand the securitisation of credit assets.
JP Morgan has put its chief currency dealer in London, Richard Usher, on leave, and Bloomberg reported Citigroup had done the same.
LONDON, Oct 31- The cost to banks of cleaning up past misdeeds has soared over $100 billion and is leaving lenders running scared from areas that put them in potential danger of upsetting regulators.