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  • SINGAPORE, Feb 10- Gold rose for an eighth session out of nine on Wednesday, climbing towards a 7-1/ 2- month high as investors sought the safe-haven asset amid tumbling stock markets and concerns about the global economy. Spot gold was up 0.2 percent to $1,190.71 an ounce by 0310 GMT, after hitting an earlier intraday high of $1,194.06. Federal Reserve Chair Janet...

  • LONDON _ Willis Group Holdings Ltd. on Tuesday reported a fourth-quarter loss of $24 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. Three analysts surveyed by Zacks expected $988.3 million.

  • NEW YORK, Feb 9- Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/ 2- year lows hit last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weak equities also pressured prices. "The longs got out, the shorts jumped back in and there was possibly a whole lot of hedging by producers...

  • NEW YORK, Feb 9- The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc. The U.S. dollar index, which measures the greenback against a basket of world currencies, fell to...

  • *Stops short of $1,200 an ounce on Tuesday. NEW YORK/ LONDON, Feb 9- Gold turned higher on Tuesday but hovered beneath the previous session's 7-1/ 2- month high of $1,200 an ounce, buoyed by risk aversion as equities remained volatile and the dollar extended losses. Spot gold was up 0.1 percent at $1,192.30 an ounce at 2:12 p.m. EST, below the session high of $1,198.90...

  • NEW YORK, Feb 9- Oil prices fell nearly 6 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon. U.S. gasoline futures fell to a 2008 low ahead of the American Petroleum Institute's weekly report...

  • NEW YORK, Feb 9- Oil prices fell almost 3 percent on Tuesday as equity markets remained weak and forecasts of swelling record high U.S. crude stockpiles faced expectations that global demand will not grow quickly enough to erase the overhang of crude any time soon. U.S. gasoline futures fell to a 2008 low ahead of the American Petroleum Institute's weekly...

  • *Stock indexes extend decline to third straight day. *Index of top European shares hits lowest since Sept' 13. NEW YORK, Feb 9- Stock indexes worldwide tumbled for the third straight session on Tuesday on fears of slowing global growth, with particular concern around the health of the banking sector, while benchmark U.S.

  • NEW YORK, Feb 9- The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc. A selloff in major stock markets worldwide and increased worries about Europe's banking sector also shook confidence in the dollar, which has moved in line with risky...

  • *$6 trillion of negative-yielding bonds globally. LONDON, Feb 9- With the historic fall in Japan's 10- year government bond yield below zero on Tuesday, the value of government bonds around the world registering negative yields is now above $6 trillion. Just two months ago, there were $3 trillion of bonds around the world with negative yields, and only 18 months ago...

  • LONDON, Feb 9- Britain's financial watchdog has fined a former senior official at JPMorgan bank 793,000 pounds for failing to be "open and co-operative" over the $6.2 billion losses racked up in the "London Whale" trading scandal. Achilles Macris was head of JPMorgan's Chief Investment Office International in London, and manager of Bruno Iksil, the financial...

  • *UK household debt-to-GDP ratio back at 2002 levels. LONDON, Feb 9- The Bank of England will consider steps to safeguard financial stability if household debt grows faster than the rest of the economy, the bank policymaker in charge of financial stability said on Tuesday. "If credit began to grow faster than GDP, I would want to think very seriously about taking...

  • LONDON— British media trying to report on the terrorism trial of a law student lost a legal challenge Tuesday over unprecedented secrecy surrounding the case. He had been accused of plotting with a jihadi in Syria either to target high-profile people such as former Prime Minister Tony Blair or planning a Mumbai-style mass attack using a rifle.

  • LONDON, Feb 9- The world's top oil trader Vitol sees global oil demand growing by up to 1 million barrels per day in 2016, sharply decelerating from last year as the effect of low oil prices fades. Vitol executive member Chris Bake said at an industry conference in London the Swiss-based trader expects global oil demand to grow by 800,000 to 1 million bpd this year...

  • LONDON— British government plans to strengthen spies' powers to snoop on the Internet are muddled and don't do enough to protect privacy, lawmakers responsible for scrutinizing the country's intelligence agencies said Tuesday. Parliament's Intelligence and Security Committee said the draft Investigatory Powers Bill takes a "piecemeal" approach to...

  • Germany's DAX fell 1.1 percent to 8,879.40 while France's CAC 40 slid 1.7 percent. He met in Paris on Tuesday with his German counterpart, Jens Weidmann, along with the finance ministers of France and Germany for an economic conference. We think that this volatility of the Asian markets has spread to Europe, the eurozone, and the whole world.

  • LONDON— Financial markets turned lower once again on Tuesday after a 5.4 percent slide in Japan's main stock index and the interest rate on the country's benchmark bond dropped into negative territory for the first time ever. On Tuesday, Japan's Nikkei index led the way lower, ending the day down 5.4 percent at 16,085.44. The FTSE 100 index of leading British...

  • DIARY-Top Economic Events to Feb 21 Monday, 8 Feb 2016 | 7:01 PM ET

    Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • NEW YORK, Feb 8- U.S. bank stocks and bonds took a pounding on Monday as recession fears compounded concern about their exposure to the energy sector and expectations that global interest rates are unlikely to rise quickly. I think that's what financials are reflecting- that their net interest margins are going to be further compressed under collapsing bond...

  • The survey came after Sunday's meeting between Saudi Arabia's oil minister, Ali al-Naimi, and his Venezuelan counterpart produced no tangible signs that OPEC and non- OPEC suppliers were ready to meet to discuss the price slump in oil. U.S. crude settled below $30 a barrel, finishing down $1.20 at $29.69. "Everyone's fearing new builds in crude," said Donald Morton,...