NEW YORK, Sept 22- New York's financial regulator said on Monday his agency will focus on cyber security over the next year, saying the possibility of a systemic attack to the financial system is one thing that keeps him awake at night.» Read More
MUST TAKE STEPS TO BOOST PRODUCTIVITY, INCREASE LABOR FORCE PARTICIPATION.
GROWTH FORECAST TO 2 PCT FOR 2014 FROM APRIL FORECAST OF 2.8 PCT, DUE TO WEAK FIRST QUARTER.
IMF WARNS OF POTENTIAL RISK TO FINANCIAL STABILITY FROM LOW INTEREST RATES.
GROWTH AROUND 2 PCT FOR NEXT SEVERAL YEARS, BELOW HISTORIC AVERAGE; SEES ECONOMY REACHING FULL EMPLOYMENT ONLY BY END-2017.
IMF SEES RISK OF' SIGNIFICANT' MARKET VOLATILITY IN MONTHS AHEAD, EVEN IF U.S.
WASHINGTON, June 16- The International Monetary Fund cut its growth forecast for the United States on Monday and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.
IMF SAYS IF INFLATION STAYS MUTED, FED COULD KEEP RATES NEAR ZERO LONGER THAN MID-2015.
IMF SEES' MEANINGFUL' REBOUND IN U.S.
US TREASURIES YIELDS RISE TO SESSION HIGHS AFTER MANUFACTURING DATA, 10- YEAR NOTES YIELD 2.60 PERCENT.
PARIS, June 16- French Prime Minister Manuel Valls refused on Monday to yield to the demands of rail workers on strike for close to a week against a planned reform of the sector.
WASHINGTON, June 16- U.S. manufacturing output rose solidly in May as production increased across the board, bolstering expectations that economic growth would rebound strongly this quarter. Factory production increased 0.6 percent last month after slipping by a revised 0.1 percent in April, the Federal Reserve said on Monday.
*China confident will hit growth of 7.5 pct- Premier Li. *Oil prices at highest this year on Iraq supply threat. LONDON, June 16- Copper rose from last week's one-month low on Monday as investors took heart from China's efforts to stem any growth slowdown, and as concerns over a Chinese investigation into warehousing fraud faded.
June 16- Star Bulk Carriers Corp said it would buy fellow dry bulk carriers Oceanbulk Shipping LLC and Oceanbulk Carriers LLC in an all-stock deal that will make Oaktree Capital Management its largest shareholder.
A dozen former BNP insiders and senior trading executives said it had in recent months handed over a host of documents relating to its oil dealings with Sudan and Iran, including details on trading houses' and oil majors' involvement in the trades.
*U.S. considering talks with Iran over Iraq. *Medtronic to buy Covidien for $42.9 bln. *Geopolitical tensions in Ukraine also flared as Russian natural gas exporter Gazprom reduced supplies to Ukraine after Kiev failed to meet a deadline to pay off its gas debts in a dispute that could disrupt supplies to the rest of Europe.
*Main European bourses 0.3-0.5 pct lower as Iraq, Ukraine tensions weigh. LONDON, June 16- Fighting in Iraq and renewed tension in Ukraine drove a global shift into traditional safe-haven currencies, precious metals and bonds on Monday, and kept oil near a nine-month high.
SAO PAULO, June 15- Moise Y. Safra, a billionaire member of the Safra family of financiers, who for over half a century have catered to an affluent clientele spanning from São Paulo to New York and Monte Carlo, died on Sunday, two sources with knowledge of the situation said.
June 16- Hillshire Brands Co said it will withdraw its recommendation to its shareholders to vote for its acquisition of Pinnacle Foods Inc, following Tyson Foods Inc's offer to buy Hillshire. Hillshire said it does not have the right to terminate the merger agreement with Pinnacle Foods on the basis of the Tyson Foods offer.
MANAMA, June 16- When Bahrain announced plans last December to cut fuel subsidies, it was a rare step towards economic reform in a region where lavish cradle-to-grave welfare systems are the norm.