Exclusive: Italy preparing to take controlling stake in Monte dei Paschi - sources Dec 6, 2016 11:53AM

By Stefano Bernabei and Giuseppe Fonte

ROME (Reuters) - Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday.

The government is already the ailing bank's single largest shareholder with a four percent share, but is planning to buy junior bonds... (continue reading...)

N.Y. Fed raises U.S. fourth-quarter GDP growth view to 2.67 percent Dec 2, 2016 11:34AM

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.67 percent annualized pace in the fourth quarter following stronger-than-expected data on domestic income and jobs growth, the New York Federal Reserve's forecast model showed on Friday.

The latest fourth-quarter GDP estimate was faster than the 2.50 percent growth rate calculated on Nov. 25, the New York Fed said on its website.

(Reporting by Richard Leong)

Fed's Brainard cites promise, risks of 'fintech' Dec 2, 2016 08:52AM

WASHINGTON (Reuters) - New technology that can speed the processing of loans or evaluate credit using only an internet search could revolutionize the financial sector, Fed Governor Lael Brainard said on Friday.

But those innovations must protect consumers and the financial system, and not let practices like redlining take root in the developing "fintech" industry, she said.

"'Run fast and break things' may be a popular mantra in the... (continue reading...)

Traders keep bets on Fed rate hike later this month Dec 2, 2016 08:50AM

(Reuters) - Traders of U.S. short-term interest-rate futures kept bets on Friday that the Federal Reserve will raise interest rates later this month, after a government report showed the unemployment rate in November fell to a nine-year low.

Chances of a rate hike at the Fed's Dec. 13-14 meeting were pegged at 95 percent after the report, based on CME's FedWatch page. Before the release, which also showed a solid 178,000 jobs gained last month, traders saw... (continue reading...)

Unemployment Rate Drops to 4.6% Dec 2, 2016 08:30AM
  • Change in Nonfarm Payrolls 178K vs 180K Expected; UE Rate 4.6% vs 4.9% Expected

The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.

Household Survey Data

In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons... (continue reading...)

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Nov 30, 2016 10:21AM Atlanta Fed slashes U.S. fourth-quarter GDP growth view to 2.4 percent
Nov 30, 2016 09:06AM Fed 'will be on its toes' for impact of fiscal policies: Kaplan
Nov 30, 2016 08:06AM Fed's Kaplan advocates rate hike, nods to Trump policies
Nov 29, 2016 01:14PM Case for rate hike 'clearly strengthened' this month: Fed's Powell
Nov 29, 2016 12:41PM Fed's Powell says case for rake hike 'clearly stronger' since Nov meeting
Nov 29, 2016 08:50AM U.S. rate futures trim gains after GDP data
Nov 29, 2016 08:38AM Puerto Rico in early recovery from 'depression': U.S. Fed official
Nov 29, 2016 07:24AM Exclusive: ECB ready to buy more Italian bonds if referendum rocks market - sources
Nov 28, 2016 09:54AM Growth stalling would be biggest risk to Europe's economy: ECB's Draghi
Nov 23, 2016 02:18PM Mexico central bank says export diversity needed to offset U.S. risks
Nov 23, 2016 02:04PM Fed policymakers confident of need for rate hikes on eve of Trump win
Nov 23, 2016 02:02PM FOMC Minutes: Most Fed Officials Saw Rate Hike as Appropriate 'Relatively Soon' (Full Minutes)
Nov 22, 2016 08:42AM Money Markets: Traders see U.S. rate hike as a sure thing in December
Nov 21, 2016 01:27PM ECB's Draghi says consequences of Trump's win hard to assess
Nov 21, 2016 12:35PM ECB far from having to contemplate stock buys: Coeure
Nov 21, 2016 10:37AM ECB's Villeroy points to 'pragmatic approach' over QE in March
Nov 21, 2016 09:36AM 2017 is when a decade of global monetary easing ends, says BAML
Nov 21, 2016 08:07AM Washington can now help relieve 'only game in town' Fed - Fischer
Nov 18, 2016 02:25PM Fed's Kaplan expects weakness in China's currency as growth slows
Nov 18, 2016 11:08AM Post-election markets not concerning for Fed policy plan: Dudley
Nov 18, 2016 08:18AM Fed's 2017 outlook unchanged post-election: Bullard
Nov 18, 2016 08:00AM Fed's Kaplan says U.S. central bank near to raising rates
Nov 18, 2016 06:34AM Fed's Bullard leaning toward supporting December rate hike
Nov 17, 2016 10:31AM Janet Yellen said its 'fully my intention to serve out my term'
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Nov 17, 2016 08:02AM Yellen says Fed could raise interest rates 'relatively soon'
Nov 17, 2016 08:01AM Yellen: Rate Hike Could Be Appropriate 'Relatively Soon'
Nov 16, 2016 05:37PM Fed's Harker says he supports an interest rate hike
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Nov 16, 2016 06:27AM Fed's Bullard: Would be surprise if Fed didn't hike rates in December
Nov 15, 2016 09:45AM Tarullo: Fed to carefully watch market reaction to Trump administration
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Nov 14, 2016 01:56PM Fed's Kaplan says U.S. needs 'intelligent' fiscal policy
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Nov 10, 2016 01:11PM Fed's Lacker says case for raising rates 'relatively strong'
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Nov 9, 2016 01:57PM Fed's Kashkari sees need for new policies to boost growth
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Nov 9, 2016 05:40AM ECB and Fed can respond to any shock from Trump win: Jazbec
Nov 9, 2016 05:21AM ECB ready to intervene in markets in emergency, Nowotny says
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