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  • LIMA, Oct 10- Finance Minister Joaquim Levy told Reuters on Saturday that he enjoys the total backing of Brazil's beleaguered President Dilma Rousseff and intends to stay on the job as long as needed to put the books in order and pull the economy out of its slump. "She has personally and explicitly manifested her support to me," Levy said on the sidelines of the...

  • LIMA, Oct 10- Switzerland's central bank sees a low risk of a negative price and wage spiral and is hopeful that a recent "slight" depreciation in the currency will continue,. In an interview on the sidelines of International Monetary Fund meetings in Lima, SNB Chairman Thomas Jordan repeated a pledge to keep interest rates in negative territory and intervene in...

  • TOKYO, Oct 10- A Japanese government-backed fund is considering a range of options to help turn around Sharp Corp including a direct investment, a person familiar with the matter said. The source, who did not want to be named because the matter was private, said INCJ was also looking at a possible joint-investment in Sharp with Taiwan's Hon Hai Precision Industry...

  • LIMA, Oct 10- Bank of Canada Governor Stephen Poloz painted a reasonably cheery picture on Saturday of the Canadian and global economic outlook despite some downgraded forecasts and concerns about China. He said it was "maybe an overstatement" to characterize as gloomy the forecasts by the International Monetary Fund and the talk about them at the annual...

  • LIMA, Oct 10- Bank of Canada Governor Stephen Poloz painted a reasonably cheery picture on Saturday of the Canadian and global economic outlook despite some downgraded forecasts and concerns about China. He said it was "maybe an overstatement" to characterize as gloomy the forecasts by the International Monetary Fund and the talk about them at the annual...

  • MALAYSIA DEPUTY FINMIN: MALAYSIAN RATE HIKE ALSO NOT AN OPTION TO DEFEND RINGGIT AS WOULD HURT HOUSEHOLD SPENDING.

  • INTERVIEW- MALAYSIA DEPUTY FINMIN: STATE FUNDS READY TO BUY DOMESTIC STOCKS TO PUT FLOOR UNDER MARKET, CITES AMPLE SPACE TO ABSORB SELL-OFF BY FOREIGN INVESTORS.

  • LIMA, Peru, Oct 10- Malaysia will use its state funds to put a floor under the country's battered stock market, though currency intervention and interest rate hikes are ruled out as tools to keep sharp falls in the ringgit in check, its deputy finance minister said. Foreign investors have trimmed exposure to Malaysia, causing its stock and bond prices to tank.

  • MALAYSIA DEPUTY FINMIN: FOREX INTERVENTION NOT PREFERRED WAY TO DEFEND RINGGIT, RETURN TO DOLLAR PEG "OUT OF THE QUESTION".

  • *Fallen VW boss wouldn't accept cheating- ex-manager. BERLIN/ LONDON, Oct 10- Like many chief executives, Martin Winterkorn was a demanding boss who didn't like failure. Three weeks after it admitted to cheating U.S. emissions tests, Europe's largest carmaker is under pressure to identify who exactly was responsible.

  • LONDON, Oct 10- Calls for central banks in advanced economies to raise interest rates to discourage investors building up leverage in emerging market assets could be misguided, a deputy governor of the Bank of England said on Saturday. Speaking at a panel at the International Monetary Fund conference in Lima, she said it was preferable to use macroprudential...

  • Oct 10- President Barack Obama's administration has backed away from seeking legislation that would give U.S. law enforcement agencies access to individuals' encrypted messages, the White House said on Saturday. "We are actively engaged with private companies to ensure they understand the public safety and national security risks that result from...

  • Central bank cavalry can no longer save the world Saturday, 10 Oct 2015 | 3:15 PM ET

    LIMA, Oct 10- In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. A report by the Group of Thirty, an international body led by former European Central Bank chief Jean-Claude Trichet, warned on Saturday that zero rates and money printing were not sufficient to revive economic growth and risked becoming...

  • LONDON, Oct 10- Stuart Rose, former boss of the Marks and Spencer store chain and one of Britain's best-known businessmen, will head the campaign to keep the country in the European Union, the "In Campaign" said as it prepared to launch its bid on Monday. "I believe that Britain is stronger in Europe," Rose, who currently chairs online supermarket Ocado and also...

  • LIMA, Oct 10- Bank of Canada Governor Stephen Poloz acknowledged on Saturday that rising high household debt represented a key vulnerability of Canada's financial system but said monetary policy should be the last line of defense in addressing it. The point is that there is more to the story than the debt-to-income ratio, "he said in a speech on the sidelines of...

  • Trade Representative Michael Froman said in an interview with CNN. The United States sealed the Trans-Pacific Partnership with 11 trading partners this week, after more than five years of negotiations. Under a timetable laid out by the U.S. Congress, the text of any trade deal should be made public 30 days after the administration notifies Congress that it...

  • BERLIN, Oct 10- At least 150,000 people marched in Berlin on Saturday in protest against a planned free trade deal between Europe and the United States that they say is anti-democratic and will lower food safety, labor and environmental standards. Organizers- an alliance of environmental groups, charities and opposition parties- said 250,000 people had taken...

  • Draghi tells Greece to stick to the plan: Paper Saturday, 10 Oct 2015 | 12:59 PM ET
    European Central Bank president Mario Draghi waits for questions during a news conference at the ECB headquarters in Frankfurt, Germany, September 3, 2015

    ECB Governor Mario Draghi urged Greece to stick to its latest bailout to pave the way for bank recapitalisation and talks on debt relief.

  • ATHENS, Oct 10- European Central Bank Governor Mario Draghi urged Greece on Saturday to stick to its latest bailout to pave the way for bank recapitalisation and talks on debt relief. Greece's EU/IMF lenders have said the country's top four banks will need between 10- 25 billion euros to shore up their capital base. Other conditions include lifting capital...

  • UK minister who dealt blow to Thatcher govt dies Saturday, 10 Oct 2015 | 12:27 PM ET
    Geoffrey Howe during Laura Parker Bowles and Harry Lopes - Wedding at St Cyriac's Church in Lacock, Great Britain.

    Former U.K. Treasury chief Geoffrey Howe, a prominent figure in Margaret Thatcher's government who helped bring about her downfall, has died at 88.