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UPDATE 1-BNY Mellon cuts fees to settle Massachusetts forex case

UPDATE 1-BNY Mellon cuts fees to settle Massachusetts forex case


UPDATE 1-BNY Mellon cuts fees to settle Massachusetts forex case

Posted: 23 Dec 2013 10:55 AM PST

BOSTON, Dec 23 (Reuters) - Bank of New York Mellon Corp will cut fees by $15.45 million to resolve a Massachusetts complaint over its handling of foreign exchange transactions, state officials said...

UPDATE 1-Uruguay says central bank President Bergara to be economy minister

Posted: 23 Dec 2013 10:20 AM PST

MONTEVIDEO, Dec 23 (Reuters) - Uruguay's new economy minister will be Mario Bergara, who currently heads the central bank, President Jose Mujica said on Monday.

Bank of Canada Deputy Governor Murray to retire in April

Posted: 23 Dec 2013 09:55 AM PST

TORONTO, Dec 23 (Reuters) - Bank of Canada Deputy Governor John Murray will retire in April, the central bank said on Monday, marking the second announced departure from the bank's governing council...

FOREX-Dollar drops in thin trade; U.S. growth prospects cap losses

Posted: 23 Dec 2013 09:55 AM PST

* U.S. consumer spending posts largest increase in five months

Uruguay says central bank president Bergara to be new economy minister

Posted: 23 Dec 2013 09:52 AM PST

MONTEVIDEO, Dec 23 (Reuters) - Uruguays central bank president Mario Bergara will become the country's new economy minister, president Jose Mujica said to reporters on Monday.

GLOBAL MARKETS-U.S. growth hopes help shares shrug off China money market jitters

Posted: 23 Dec 2013 08:23 AM PST

* World share markets rise as trading winds down for holidays

BNY Mellon resolves Massachusetts forex case with fee discount

Posted: 23 Dec 2013 08:05 AM PST

BOSTON, Dec 23 (Reuters) - Massachusetts' top securities regulator said on Monday his office has revolved an administrative complaint with Bank of New York Mellon Corp over its handling of foreign...

CEE MARKETS 2-OTP shares fall on concern over Hungarian forex loans

Posted: 23 Dec 2013 07:43 AM PST

* OTP off lows, but weaker on concern over banks * Equities firm, year-end flows move currencies * IMF to return to Romania for talks, leu slightly stronger By Sandor Peto BUDAPEST, Dec 23 (Reuters)...

UPDATE 2-Canada economy grows more than expected, boosting recovery hopes

Posted: 23 Dec 2013 07:10 AM PST

OTTAWA, Dec 23 (Reuters) - The Canadian economy showed unexpected strength in October, growing for the fourth month in a row and boosting market hopes that the country might finally be shaking off...

UPDATE 2-Saudi Arabia starts to curb spending growth in 2014 budget

Posted: 23 Dec 2013 07:05 AM PST

RIYADH, Dec 23 (Reuters) - Saudi Arabia's 2014 state budget projects spending will rise a modest 4.3 percent from this year's plan, the slowest rate in a decade, suggesting the kingdom is starting to...

CANADA FX DEBT-C$ strengthens as economic data supports

Posted: 23 Dec 2013 06:48 AM PST

* Canadian dollar at C$1.0602 or 94.32 U.S. cents * Economy grows at 0.3 pct rate in Oct * Bond prices lower across the maturity curve By Leah Schnurr TORONTO, Dec 23 (Reuters) - The Canadian dollar...

Sterling trims early gains after strong U.S. data

Posted: 23 Dec 2013 06:43 AM PST

LONDON, Dec 23 (Reuters) - Sterling pared early gains against the dollar in thin trade on Monday, as strong consumer spending data from the United States helped the dollar recover.

FOREX-Dollar drops in thin trade; U.S. growth prospects offer support

Posted: 23 Dec 2013 06:42 AM PST

* U.S. consumer spending posts largest increase in five months

UPDATE 2-Egypt central bank allows pound to weaken further

Posted: 23 Dec 2013 06:38 AM PST

* Pound weakened for first time last week since Mursi ouster

GLOBAL MARKETS-U.S. growth hopes help shares shrug off China money market jitters

Posted: 23 Dec 2013 05:28 AM PST

* Chinese money rates swing higher amid liquidity squeeze

FOREX-Dollar drops in thin trade, but Fed taper offers support

Posted: 23 Dec 2013 05:11 AM PST

LONDON, Dec 23 (Reuters) - The dollar fell on Monday as some positioned for a soft U.S. inflation reading, though with the Federal Reserve starting to withdraw some of its huge monetary stimulus, the...

Saudi Arabia sets 4.3 pct spending rise in 2014 budget plan

Posted: 23 Dec 2013 03:56 AM PST

RIYADH, Dec 23 (Reuters) - Saudi Arabia's government announced its 2014 state budget plan on Monday, projecting that spending would rise a modest 4.3 percent from this year's planned amount.

Saudi Arabia sets 4.3 pct spending rise in 2014 budget plan

Posted: 23 Dec 2013 03:55 AM PST

RIYADH, Dec 23 (Reuters) - Saudi Arabia's government announced its 2014 state budget plan on Monday, projecting that spending would rise a modest 4.3 percent from this year's planned amount.

Egypt pound slips again at forex auction

Posted: 23 Dec 2013 02:40 AM PST

CAIRO, Dec 23 (Reuters) - The Egyptian pound weakened at a foreign exchange auction on Monday, sliding for the third time in a row at the central bank's regular dollar sale as it continued to trade...

TABLE-Economists raise Brazil 2014 inflation view, cut GDP forecast

Posted: 23 Dec 2013 02:37 AM PST

SAO PAULO, Dec 23 (Reuters) - Economists raised their forecast for Brazil's inflation next year while slightly cutting their estimate for economic growth, a weekly central bank poll showed on Monday....

Pound rises against euro, dollar on UK optimism

Posted: 23 Dec 2013 01:44 AM PST

LONDON, Dec 23 (Reuters) - Sterling firmed against the dollar and the euro on Monday, as investors remained buoyant about the prospects of the British economy going into the new year.

FOREX-Dollar slips in thin trade, but Fed taper offers support

Posted: 23 Dec 2013 01:11 AM PST

LONDON, Dec 23 (Reuters) - The dollar eased on Monday, tracking a drop in long-dated Treasury yields, though with the Federal Reserve starting to withdraw some of its extraordinarily large monetary...

GLOBAL MARKETS-Asia shares inch ahead, China money rates spike anew

Posted: 22 Dec 2013 08:11 PM PST

* Asian markets supported by Wall Street gains, better U.S. data

FOREX-Dollar drifts as market succumbs to holiday mode

Posted: 22 Dec 2013 07:46 PM PST

* Major currencies in holding pattern after recent volatile weeks

GLOBAL MARKETS-Asian shares creep higher, wary of China credit strains

Posted: 22 Dec 2013 03:22 PM PST

* Asian markets supported by Wall Street gains, better US data
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