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  • FACTBOX-Job cuts across Europe's banks Monday, 21 Dec 2015 | 10:06 AM ET

    LONDON, Dec 21- Some of Europe's biggest banks have said in the last six months they plan to cut more than 130,000 jobs as they ramp up plans to cut costs, sell businesses and restructure. Earlier this month, Dutch lender Rabobank said it would cut 9,000 jobs, joining Deutsche Bank, UniCredit, Credit Suisse, HSBC and Standard Chartered to announce hefty job culls since...

  • *Europe's 10 biggest banks announced 130,000 job cuts since June. By Anjuli Davies, Sinead Cruise and Steve Slater. LONDON, Dec 21- Regulation, anaemic economic growth and technology changes will force banks across Europe to find more savings in 2016, with jobs likely to be the biggest casualty, according to investors and analysts.

  • The Board of Governors of the Federal Reserve seal is displayed on the floor outside the board room in Washington, D.C.

    European markets posted strong gains during Thursday's session, closing higher, after the Fed announced its first rate rise in almost a decade.

  • Asian markets close up, after Fed hiked rates overnight Thursday, 17 Dec 2015 | 3:11 AM ET

    Asian stock markets closed in positive territory, taking cues from a positive finish in Wall Street overnight after the Fed raised interest rates.

  • SINGAPORE, Dec 17- Temasek is willing to give Standard Chartered time to work on its turnaround before deciding on the fate of its underperforming $4 billion stake in the UK bank as part of a portfolio reshuffle, people familiar with the matter said. Pressured by weak returns from low interest rates and a commodities rout, the Singapore state investor is taking a...

  • WASHINGTON, Dec 16- U.S. housing starts in November rebounded from a seven-month low and permits surged to a five-month high, signs of strength in the housing market that could give the Federal Reserve more confidence to raise interest rates on Wednesday. "The headwinds remain strong in the manufacturing sector, but the Fed right now is more focused on the strong...

  • *Gold down 9 pct this year in anticipation of hike. *GRAPHIC: Gold vs U.S. rates: http://reut.rs/1RNyAc0. LONDON, Dec 15- Gold bulls hoping an anticipated rise in U.S. interest rates will paradoxically boost the metal's price might just be disappointed, as the wider environment offers little to justify a rebound.

  • SHANGHAI, Dec 15- South Korea sold 3 billion yuan of yuan-denominated bonds in China's interbank market on Tuesday, the first time a foreign sovereign has issued so-called panda bonds, traders said. The People's Bank of China gave South Korea the green light for the bond issue in China's interbank market earlier this month. The South Korean bonds are jointly...

  • *Jiangxi copper, Antofagasta agree on 9 pct drop in fees. MELBOURNE, Dec 15- London copper dropped on Tuesday ahead of the Federal Reserve's crucial policy meeting this week, however, hopes for demand growth in top consumer China put a floor under prices. Prices have been trapped in range as traders cut risk ahead of the Fed meet; but a bearish trend may resume early...

  • HONG KONG, Dec 15- Standard Chartered plc has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team, people familiar with the matter told Reuters. Asia- focused lender Standard Chartered expanded its energy M&A advisory team just before the global financial crisis by acquiring...

  • *Will trim 150 billion euros in assets by 2020. AMSTERDAM, Dec 9- Dutch cooperative bank Rabobank plans to lay off nearly a fifth of its workforce to boost profit and prepare for tougher European banking guidelines, it said on Wednesday. The bank said it would shed 9,000 of its 47,000 staff by 2018 and would cut 150 billion euros worth of assets from its balance sheet...

  • LONDON, Dec 9- Gold steadied on Wednesday, supported by softness in the dollar and European shares, but investors remained cautious ahead of an anticipated Federal Reserve rate rise next week. Spot gold rose 0.3 percent to $1,077.91 an ounce by 1107 GMT. "There is not going to be any surprise at the next Fed policy meeting... everybody is expecting a rate hike," Citi...

  • SHANGHAI, Dec 9- South Korea has set December 15 as the date it will issue 3 billion yuan worth of yuan-denominated bonds in the Shanghai- based Chinese interbank market, South Korea said on Wednesday. In doing so South Korea will become the first foreign country to issue sovereign "Panda" bonds in China. A book-building of the three-year "Panda" bonds will be...

  • METALS-Copper steady, focus on China trade data Tuesday, 8 Dec 2015 | 8:46 AM ET

    *China trade stays subdued in November. LONDON, Dec 8- Copper prices held steady on Tuesday as weak trade data from China fuelled worries about demand growth was offset by higher imports of the metal by the world's top consumer helped limit losses. "The latest trade data is disappointing as far as exports and imports are concerned, it's another weak growth signal...

  • *China trade stays subdued in November. LONDON, Dec 8- Copper prices fell on Tuesday as weak trade data from China fuelled worries about demand growth, but higher imports of the metal by the world's top consumer helped limit losses. "The latest trade data is disappointing as far as exports and imports are concerned, it's another weak growth signal for China and it's...

  • *$3 trillion- plus government bond market coming of age. *Returns of 3 pct and up appeal to funds starved for yield. LONDON, Dec 8- It is still happening at a snail's pace, but with yields stuck around zero across developed markets, the search for decent returns from government bonds is finally drawing the world's biggest asset managers towards China.

  • *China's copper imports jump 10 pct to 460,000 T in Nov. *China's aluminium exports surge to equal second highest ever. China's trade performance remained weak in November, with exports falling by a more-than-expected 6.8 percent from a year earlier, the fifth straight monthly decline, preliminary government data showed on Tuesday.

  • *OPEC maintains near record output. NEW YORK, Dec 4- Oil prices fell on Friday after news that the Organization of the Petroleum Exporting Countries was planning to maintain its production near record highs despite depressed prices, as OPEC continued to guard its share of an oversupplied market. OPEC's announcement sent ripples through wider markets and...

  • *Media report says Saudis considering proposing OPEC output cut. LONDON, Dec 3- Saudi Arabia has given oil traders the first glimmer of clarity on what it might take to prompt the world's biggest crude exporter to change course on policy, suggesting that its laissez faire attitude may be wearing thin. Iraq, Iran and Russia, meanwhile, would appear to have torched any...

  • Saudi Arabia, the largest oil producer in the Organization of the Petroleum Exporting Countries, was prepared to propose members cut oil output by 1 million barrels per day next year if non- OPEC countries joined in, industry publication Energy Intelligence reported. Saudi Arabia has long insisted it would cut production only if fellow OPEC members and non-...