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  • CAIRO, July 6- Egypt's central bank, faced with accelerating inflation, late on Thursday raised its key interest rates by 200 basis points for the second policy meeting in a row, confounding economists who had forecast it would hold them. Egypt floated its currency in November, and since then its pound has roughly halved in value. The central bank raised interest by...

  • Growth stocks make sense with sluggish macro data

    Discussing the winners and losers in the markets with Charlie Bobrinskoy, Ariel Investments, and Stephanie Link, TIAA Investments.

  • Customers wait in line for an ATM outside of a Wells Fargo bank branch in Los Angeles.

    Roosevelt Investments' Jason Benowitz expects the yield curve to stay flat - and he said that will pressure bank earnings.

  • The Federal Reserve Bank building in Washington, D.C.

    Jason Benowitz, senior portfolio manager at Roosevelt Investments, discusses his outlook on the banks after he's pulled back his position for the financials sector.

  • SOFIA, July 6- First Investment Bank, Bulgaria's third biggest lender, is sounding out potential investors about options that could include taking a stake in the bank, striking a strategic partnership or providing capital to boost growth, its CEO said. Strong profits last year allowed Fibank to meet central bank recommendations for it to raise about 206 million...

  • NEW YORK, July 6- U.S. Analysts said traders were still grappling with hawkish comments from the heads of the European Central Bank and Bank of England last week, which would be negative for safe-haven government bonds in Europe and the United States. "Youre seeing some liquidation as people are trying to wrap their heads around what the central banks have in mind,"...

  • LONDON, July 6- Germany's 10- year government bond yield hit its highest level since January 2016 on Thursday, comfortably breaching 0.50 percent as minutes of a European Central Bank meeting fanned expectations of an unwinding of central bank stimulus. It fit with a speech by ECB President Mario Draghi last week that sparked a sharp selloff in bond markets.

  • *Central bank filed court challenge against mandate change. JOHANNESBURG, July 6- South Africa's main public watchdog stood by its bid to force the central bank to target growth rather than inflation, dismissing a legal challenge that the move was unconstitutional. The head of the Public Protector Busisiwe Mkhwebane, set off a political row last month when she...

  • LONDON, July 6- Russian acquisitions by overseas buyers have hit their highest level since before sanctions were imposed in 2014, Thomson Reuters data shows, with a renewed willingness to do business with Moscow. Bankers say the increase is an indication that Western banks and companies are more willing to deal with Moscow, despite the sanctions imposed by the...

  • ABU DHABI, July 6- Arab countries are finalising plans to create a regional cross-border payments and settlements system as an alternative to the current arrangement, which has been hit by a rise in compliance costs and downsizing by some banks. The Arab Regional Payments System will act as a correspondent for its participants such as banks and financial...

  • KIEV, July 6- Ukraine's central bank said on Thursday that the government's delays in passing reforms mean Ukraine will probably receive $3 billion in aid from the International Monetary Fund this year instead of the $4.5 billion originally envisaged. The central bank also said uncertainty hangs more generally over Ukraine's ability to implement the IMF...

  • FRANKFURT, July 6- European Central Bank rate setters meeting last month opened the door to dropping a long-standing pledge to boost the ECB's bond-purchase programme if necessary, minutes of the meeting showed on Thursday. But, confirming a Reuters exclusive, the central bankers said they could review at future meetings the promise to increase the "size...

  • *Central banker says deficit threatens France's credibility. PARIS, July 6- France's new government must lose no time reining in its budget deficit, the central bank governor said on Thursday, warning that rising interest rates could trigger a sovereign debt shock. Bank of France governor Francois Villeroy de Galhau said that respecting the 3 percent deficit...

  • BEIJING, July 6- China's central bank said on Thursday that it will strengthen the ability to adjust interest rates and improve efficiency of its medium-term lending facility, standing lending facility and reverse repos operations. The People's Bank of China has been relying more on market-based policy tools, including the MLF, SLF and repurchase agreements...

  • BEIJING, July 6- China's central bank said on Thursday that it would strengthen its ability to adjust interest rates and improve the efficiency of its medium-term lending facility, standing lending facility and reverse repo operations in 2017.. In a report on financial market development in 2016, the People's Bank of China said it would increase the yuan's...

  • BEIJING, July 6- China's central bank said on Thursday that it would strengthen its ability to adjust interest rates and improve the efficiency of its medium-term lending facility, standing lending facility and reverse repo operations in 2017.. In a report on financial market development in 2016, the People's Bank of China said it would increase the yuan's...

  • *Deutsche has signalled commitment to London post-Brexit. FRANKFURT, July 6- Deutsche Bank is evaluating whether to move a large part of its securities trading business from London to Frankfurt or elsewhere in Europe as it prepares for Britain's exit from the European Union, a source told Reuters on Thursday. Germany's largest lender is considering creating a...

  • LONDON, July 6- Emerging currencies stayed on the back foot on Thursday after the previous day's slides, with South Africa's rand holding near seven-week lows due to a scare caused by proposals to nationalise the central bank and expropriate land. Federal Reserve minutes kept the dollar near one-week highs and while some policymakers said weak inflation made...

  • SHANGHAI, July 6- China stocks inched up on Thursday, helped by strong gains in resource firms on expectations of robust mid-year earnings. China's central bank skipped open market operations for the 10th day in a row on Thursday, citing "relatively high" liquidity levels in the banking system. "The draining recently indicates that the central bank will not send...

  • SHANGHAI, July 6- China's main indexes weakened on Thursday morning, as consumer and health care firms fell, offsetting strong gains in resource stocks on expectations of robust mid-year results. China's central bank skipped open market operations for the 10th day in a row on Thursday, citing "relatively high" liquidity levels in the banking system.

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