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Ken Peng of Citi Private Bank likes financial sector stocks in Asia in 2018 and also notes currency gains against the dollar in key markets. » Read More
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THURSDAY, JANUARY 04 PHILADELPHIA, Pennsylvania- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before event, "Meltzer's Contributions to Monetary Economics and Public Policy," in Philadelphia- 1830 GMT. PHILADELPHIA, Pa.- Cleveland Fed President Loretta Mester participates in panel "...
*Saudi index edged up just 0.2 pct in year, Dubai fell 4.6 pct. *Saudi's National Commercial Bank surges on bonus share issue. Among other major Gulf markets, Dubai fell 4.6 percent and Qatar, hit by a boycott imposed by other Arab states, lost 18.3 percent.
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THURSDAY, JANUARY 04 PHILADELPHIA, Pennsylvania- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before event, "Meltzer's Contributions to Monetary Economics and Public Policy," in Philadelphia- 1830 GMT. PHILADELPHIA, Pa.- Cleveland Fed President Loretta Mester participates in panel "...
Anton Schutz, Mendon Capital Advisors CIO & president, discusses how the tax bill can impact big banks.
Vertical Group's Richard Bove discusses upgrading Goldman Sachs after saying he believes the bank's CEO Lloyd Blankfein should leave.
The analyst says Goldman's disclosed $5 billion hit to fourth-quarter earnings from the new tax law "makes the outlook for 2018 somewhat better."
Dec 29- Zach Lazarus, chief executive officer of A Green Alternative, a marijuana dispensary in San Diego, California, has lost count every time he re-opened a bank account after it was closed because of his connection to the cannabis industry. Despite making legal inroads in the United States, with California the latest state to legalize marijuana for...
The "Squawk on the Street" crew discusses Goldman's announcement about the impact of the new tax bill on the company's quarterly results.
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Goldman Sachs on Friday said the tax legislation will result in a decrease of about $5 billion in its fourth-quarter earnings.
SHANGHAI, Dec 29- China's central bank said it will let some commercial banks temporarily keep fewer required reserves to help them cope with the heavy demand for cash ahead of the Lunar New Year holiday, a step that analysts say does not signal any policy shift. In recent years, the People's Bank of China has provided some form of liquidity support for banks to deal...
SHANGHAI, Dec 29- China's central bank on Friday said it will let some commercial banks temporarily keep fewer required reserves, to help them cope with heavy demand for cash ahead of the Lunar New Year. The People's Bank of China usually provides short-term liquidity support for banks to help deal with greater demand for cash ahead at that time of year.
SHANGHAI, Dec 29- China's central bank on Friday said it is setting up a temporary liquidity facility that will let commercial banks have more cash available ahead of the coming Lunar New Year. Traditionally, there's great demand in China for cash ahead of Lunar New Year. In 2018, the first day of Lunar New Year is Feb. 16.
WEDNESDAY, JANUARY 3 PRAGUE- Czech National Bank will release the minutes of its December 2017 Monetary Policy Meeting. WARSAW- National Bank of Poland holds monetary policy council meeting. WEDNESDAY, JANUARY 10 BUDAPEST- Hungarian Central Bank to publish the minutes of its November rate-setting meeting 1300 GMT.
HOUSTON, Dec 28- Oil prices will need to rise further for energy companies to significantly expand drilling activities, according to a survey released on Thursday by the Federal Reserve Bank of Dallas. But prices above $60 a barrel are needed to see a significant uptick in activity, according to the survey, which questioned 134 firms headquartered in Texas,...
NAIROBI, Dec 28- Most of Africa's main currencies were seen trading at a steady level over the next week as markets remained sluggish over the holidays, although the Zambian kwacha was expected to weaken, traders said. The Kenyan shilling is expected to maintain the same level in the coming week with markets being closed on Jan. 1 for the new year's holiday, traders...
MOSCOW, Dec 28- Russia's Deposit Insurance Agency, set up by the government to pay out deposits in the event a bank goes bust, has used 80 percent of its credit line from the central bank in payouts so far, it said on Thursday. The DIA, which was established in 2004, said in emailed comments to Reuters it had used a total of 821 billion roubles out of a credit line of up to...
SHANGHAI/ BEIJING/ HONG KONG, Dec 28- In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. The two couples sank about 5 million yuan into the investment product, which offered 9.5 percent annual interest over two years- substantially higher than the 3.75...
DUBAI, Dec 28- Arada, a newly-created United Arab Emirates- based property developer, has secured a 1 billion dirhams Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of Sharjah, it said on Thursday. Abu Dhabi Commercial Bank and Dubai Islamic Bank acted as joint mandated lead arrangers and bookrunners on the transaction,...
BEIJING, Dec 28- China's banking regulator has issued draft measures for amending its licensing and oversight of some foreign-funded bank activities, a move it says is aimed at promoting investment in the country's fast-growing financial sector. China has vowed to further open up its financial sector to outside investors and level the playing field.
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