Fed's 'nearly balanced' language no bar to Sept rate rise

WASHINGTON (Reuters) - The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.

Fed lays out scenarios for 2015 bank stress tests

(Reuters) - The U.S. Federal Reserve said on Thursday it would assume wider corporate bond spreads and a higher oil price in the most strenuous scenario it will use in next year's run of its annual check of banks' health.

U.S. mortgage applications slip in latest week: MBA

(Reuters) - Applications for U.S. home mortgages fell, including both new purchases and refinancings, in the latest week, an industry group said on Wednesday.

China to probe use of foreign currency in trade finance

BEIJING (Reuters) - Chinese regulators will clamp down on banks' and companies' use of foreign currency for trade finance by ensuring that trade deals are authentic and by monitoring for unusual cross-border cash flows, state media reported.

Indonesian Funds Dump Stocks Tumbling Most Amid Global Rally

Indonesia’s biggest mutual funds are liquidating stocks traded in Jakarta as local interest rates rise and growth slows, sending the nation’s benchmark equity index to the biggest drop among major markets this quarter.

Harvard MBA Running Nigeria Fund Says Stocks Too Costly

Uche Orji, the Harvard-trained head of Nigeria’s sovereign wealth fund, said he’s worried about rising stock prices as he prepares to hand over the next tranche of the fund’s $1 billion of holdings to external fund managers.

Asia stocks drop in wake of tepid US hiring

BANGKOK (AP) -- Asian stock markets sagged Monday after a disappointing U.S. jobs report sparked worries about the health of the world's biggest economy.

Norway Oil Fund Made $29 Billion Last Quarter as Stocks Rose

Norway’s $660 billion sovereign wealth fund, the world’s largest, returned 4.7 percent last quarter as global stock markets recovered after central banks from the U.S. to Japan stepped up efforts to stimulate growth.

Global growth fears drag down financial markets

LONDON (AP) — Global financial markets drifted lower Monday as growing concerns about the state of the world economy offset any remaining optimism over central banks' stimulus efforts.

U.S. data helps fuel Canadian dollar rally

TORONTO (Reuters) - Canada's dollar traded at a stronger level than the U.S. currency on Friday for the first time in more than 2 months as investors welcomed a U.S. jobs report that offered signs that the economy there is improving.