Finance news

• Fed's Mester strongly backs U.S. rate hike as prudent first step

  03-01-2016 23:37 via news.yahoo.com
  
  The Federal Reserve's interest rate hike last month was a prudent first step to a more normal policy era and it signaled the central bank's confidence that the U.S. economy will continue to improve, a top Fed official said on Sunday. "I fully supported the ... December action," said Cleveland Fed President Loretta Mester, a somewhat hawkish policymaker who regains a vote on U.S. monetary policy this year.
  
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• Japan central bank turns activist investor to revive economy

  03-01-2016 22:09 via news.yahoo.com
  
  By Tomo Uetake TOKYO (Reuters) - Japan's central bank, which dominates the domestic bond market, has begun to call the shots in the equity market as well -- to the point where asset managers are looking to design investment funds with the Bank of Japan in mind. The bank has blazed a trail in global central banking by becoming something of an activist investor in pursuit of economic revival, using its influence as a mainly indirect owner of shares to support firms that spend more cash at home. Th
  
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• Fed's new rate-hike tools passed key test, Fischer says

  03-01-2016 21:14 via news.yahoo.com
  
  New financial tools meant to help the Federal Reserve pull off its historic interest rate hike last month have worked, easing some internal concerns at the U.S. central bank, the Fed's vice chairman said on Sunday. "One possible concern about our unconventional policies has eased recently, as the Fed's normalization tools proved effective in raising the federal funds rate following our meeting two-and-a-half weeks ago," Stanley Fischer, the Fed's second in command, told an American Economic Asso
  
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• Fed's Fischer worried about limiting Fed's ability to lend in crisis

  03-01-2016 21:14 via news.yahoo.com
  
  A top Federal Reserve official on Sunday worried publicly that new restrictions on the Fed's ability to lend freely if a new financial crisis hits could do more harm than good. "We have to worry a great deal about the fact that we’ve decided that the right way to go is to reduce moral hazard and to make it more and more difficult to intervene in the crisis," Federal Reserve Vice Chair Stanley Fischer said at a meeting of the American Economic Association. The Fed last month adopted a rule
  
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• 14 Hot Stock Picks for 2016 from Top Newsletter Gurus

  03-01-2016 12:15 via news.yahoo.com
  
  For all its swings this year, the stock market ended 2015 close to where it started. And 2016 won’t be any better. At least that’s the view of the market's Rodney Dangerfields, the nickname I like to give ...
  
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• Saudi market plans IPO in 2018

  03-01-2016 07:36 via news.yahoo.com
  
  Tadawul set to become second Arab market after DFM to list its shares. The Saudi Arabia's Tadawul will become the second Arab stock market after Dubai Financial Market (DFM) to list its shares as it announced plans for initial public offering (IPO) in 2018. In 2014, Arab world's largest stock exchange with a market capitalisation of $420 billion said that it is looking to go public but didn't provide any timeframe.
  
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