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  • BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • London, Feb 12- Copper gained on Friday along with oil and shares after upbeat U.S. data offered hope of a rebound in economic growth, but metals investors were on edge ahead of the reopening of Chinese markets next week. Federal Reserve raising interest rates despite signs of an economic slowdown in the United States. However, Fed Chair Janet Yellen on Thursday...

  • *Traders wait for China to reopen with nervousness. London, Feb 12- The price of copper rose on Friday along with oil and European shares on expectations of dovish comments from a senior U.S. Benchmark copper on the London Metal Exchange was trading up 0.7 percent at $4,478 a tonne at 1117 GMT but is on track for its biggest weekly drop in a month.

  • LONDON, Feb 12- The yen was firm on Friday, on track for its biggest weekly rise against the dollar since late 2008, as deepening worries about global growth and whether policymakers have enough ammunition to respond to it underpinned flows into safe-haven currencies. Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro...

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese Finance Minister Taro Aso adopted stronger rhetoric, saying...

  • *Rising yen, falling stocks undermines Japan's economy. TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday the government would take necessary steps to deal with currency volatility, the minister's strongest hint of intervention since the yen began its surge this month. The dollar fell below 111 yen on Thursday to hit its lowest level since October...

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...

  • TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday he hopes the Group of 20 finance leaders gathering in Shanghai later this month will consider a global policy response in the wake of the recent market turmoil. "I want to consider if there are ways that the G20 countries can cooperate in response to recent market turmoil," Aso told reporters at a...

  • *Nominates Samuel Merksamer, John Paulson to board. Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. Sandler O'Neill& Partners LP analyst Paul Newsome said the deal...

  • Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. AIG said it had agreed to nominate Paulson, a billionaire investor and president of Paulson& Co, and a managing...

  • AIG is facing pressure from activist investor Carl Icahn to split into three- an idea that has been rebuffed by Chief Executive Peter Hancock. The insurer, which has frozen its employee pension plan, is looking to cut its gross general operating expenses by another $1.6 billion by the end of 2017.. AIG reported an after-tax operating loss attributable to the...

  • BRUSSELS, Feb 9- European finance ministers will call on the Group of 20 biggest world economies at the end of February to boost global economic growth at a time when an slowdown in China is sending shivers through financial markets. G20 finance ministers will meet at the end of February in Shanghai in China, which holds the rotating presidency of the group, too...

  • NEW YORK, Feb 8- U.S. commodity trader Gerald Group said on Monday it will sell a stake in a subsidiary to a Chinese copper explorer and producer to boost its balance sheet, the latest sign that plunging metals prices are shaking up the global metals landscape. The size of the stake was not disclosed, but Pengxin International Mining Co Ltd will inject equity into...

  • LONDON, Feb 8- Another day, another landmark low for the nickel price. London Metal Exchange three-month nickel traded down to $7,900 per tonne on Monday morning. "Not an inconceivable prospect by any means," according to one analyst, Leon Westgate of ICBC Standard Bank..

  • *Summer, January crashes slash China stocks trading volume. BEIJING, Feb 7- A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent others scurrying to the exit clutching their stomachs. Last summer's 40 percent crash and a 20 percent drop so far in 2016 have sent trading...

  • HONG KONG, Feb 6- Index provider MSCI Inc said on Friday it welcomed China's move to liberalise a major cross-border investment scheme, but that the country's handling of a summer stock sell-off raised concern over the liquidity of its markets. The announcement was the first formal update from the New York- headquartered firm after it said in June it would not...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • SHANGHAI, Feb 5- China stocks dipped on Friday on market views that government moves to raise investment ceilings for overseas investors won't lead to an immediate surge in foreign buying of Chinese equities. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.7 percent, to 2,963.79, while the Shanghai Composite Index lost 0.6...

  • SHANGHAI, Feb 5- In the weeks leading up to the traditional Lunar New Year liquidity squeeze, China's central bank has been busy testing its new "interest rate corridor", a tool that could help reduce the need for deeper monetary policy easing. The People's Bank of China late last year introduced a new band to guide interest rates on loans and deposits, abolishing...

  • SHANGHAI, Feb 5- China's yuan weakened on Friday as local dollar demand ahead of the Lunar New Year holiday offset a steep fall in the greenback in global markets and a stronger central bank midpoint, traders said. The Chinese foreign exchange market will be closed all next week for the Lunar New Year holiday, and corporates typically need dollars to cover...