Indonesia inaugurated its new president on Monday, and analysts say Widodo will have to act fast to turnaround conditions in the struggling economy.» Read More
*Citi, Commerz, DB, ENBD, MS, Stanchart to arrange deal. DUBAI, Sept 1- Emirates NBD, Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.
FRANKFURT, Aug 29- Two years ago, euro zone government leaders hung on Mario Draghi's every word. Now the European Central Bank chief is struggling to get through to them. "The essential cohesion of the Union depends on it," Draghi said in July, repeating the plea on Aug. 7.
The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.
Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.
*Poll forecasts first UK rate hike in Q1 2015, of 25 bps. LONDON, Aug 28- The Bank of England will be the first major central bank to lift interest rates when it makes a move early next year, jumping the gun on the U.S. "But the pace of activity is probably stronger in the UK than in the U.S. and we are seeing a faster decline in the unemployment rate in the UK."
HONG KONG, Aug 28- Anti-corruption officers in Hong Kong on Thursday raided the home of Jimmy Lai, a media magnate and outspoken critic of Beijing who has supported pro-democracy activists through his publications and with donations.
LONDON, Aug 28- The euro rose further off a one-year low against the dollar on Thursday as feverish speculation of an imminent round of quantitative easing by the European Central Bank cooled. The common currency rose 0.1 percent to $1.3213, up from Wednesday's low of $1.3151 on trading platform EBS- the euro's weakest since early September 2013.
LAUNCESTON, Australia, Aug 25- Something doesn't quite add up with China's rising steel production, but falling coal output and imports so far this year. China's raw steel output was 480.76 million tonnes in the first seven months of 2014, up 2.7 percent from the same period a year earlier, according to data from the National Bureau of Statistics.
The action, part of the Elliott's quest to recover around US $1.7 bn in claims from its decade-long dispute with the sovereign, will target financial institutions including Citigroup, HSBC and Standard Chartered, the source said.
SINGAPORE/ ZURICH Aug 22- Royal Bank of Scotland plc might split its international private bank into separate European and Asian divisions to attract Asian buyers who have the financial muscle for a deal but are reluctant to take on European client risk.
*Aims to challenge dominance of New York and London. The strong response from foreign players will boost efforts by China- also the world's biggest producer of gold- to gain pricing power over the metal and to challenge the dominance of London and New York in trading.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
LONDON, Aug 21- Copper steadied on Thursday after U.S. data signaled a strengthening economy, but sluggish growth elsewhere in the world kept the metal under pressure.
LONDON, Aug 21- Standard Chartered on Thursday said it would work with regulators after the United Arab Emirates central bank warned it could face legal action after agreeing to close some customers' UAE accounts in an anti-money laundering settlement. "We have noted the announcement made by the UAE Central Bank.
ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.
LONDON, Aug 21- Copper, aluminum and other base metals fell on Thursday after downbeat data on business activity in China and Europe, but investors were cautious about selling just a day after some were forced to bail out of short positions.
SYDNEY, Aug 21- London copper stayed around $7,000 a tonne mark on Thursday after a gauge on China's factory health showed growth slowed in August, denting optimism over demand fuelled by brightening prospects in the United States.
NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.
*All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.
TOKYO/ SINGAPORE, Aug 20- The dollar touched an 11- month high against a basket of major currencies on Wednesday after positive U.S. housing data the previous day fed hopes that the world's biggest economy is strengthening.