China tries to dampen fears of more big devaluations

BEIJING (AP) — China tried Thursday to ease fears of more big declines for the yuan as companies from global automakers to Chinese clothing exporters faced a new era of uncertain exchange rates.

So, Mr David Cameron, how can we help? European Union seeks to avert Brexit

European leaders lost no time on Friday in offering David Cameron talks on EU reform, bidding to ease uncertainty about Britain's future in the bloc ahead of the in-or-out referendum the prime minister will call now he has been re-elected.

IMF chief Christine Lagarde praises UK economy

The head of the International Monetary Fund, Christine Lagarde, has endorsed the UK government's economic strategy.

Merkel ally urges ECB not to buy struggling states' bonds

(Reuters) - A senior member of Angela Merkel's party warned the European Central Bank not to pour money into Greece and other struggling euro zone states through bond purchases, saying this would reduce pressure on them to enact much-needed reforms.

China's benchmark money rate falls 48 bps after surprise easing

(Reuters) - China's benchmark money rate fell 48 basis points to 3.18 percent on Monday, after the central bank unexpectedly cut benchmark lending rates by 40 basis points on Friday.

Fed's Fisher: wages rise when joblessness drops below 6.1 percent

(Reuters) - The United States could be on the verge of a worrisome surge in wages if unemployment continues its downward trend, based on research Dallas Federal Reserve Bank President Richard Fisher presented to his colleagues at the Fed's policy-setting meeting this week.

Sovereign fund code seeks new members among central banks

LONDON, Sept 12 (Reuters) -Signatories to an international set of guidelines on governance and transparency for sovereign wealth funds are exploring whether to take in a wider pool of state-backed investors including central banks.

Traders brace for research crackdown as easy money dries up

(Reuters) - Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment.

A capital markets union could be next thing in EU's in-tray

LONDON (Reuters) - The European Union may seek to tighten its grip over financial markets to help find funds to boost economic growth, a move that could stoke anti-EU sentiment in Britain, the EU's largest financial centre.

Dollar Heads for Weekly Gain as Data Support Pace of Fed Taper

The dollar headed for weekly gains against the euro and the yen as improving economic data backed speculation the Federal Reserve will remove stimulus this year.

Hedge funds pose biggest risks in crises: Fed study

(Reuters) - Hedge funds, not banks, may be the most important transmitters of shocks during financial crises, according a study published Monday by the Federal Reserve Bank of San Francisco.

Yuan Starts Direct Trading With Kiwi Dollar in Shanghai

China started direct trading between the yuan and New Zealand’s dollar today as the world’s second-largest economy promotes usage of its currency in global trade and finance.

Windham Capital Receives Tactical Risk Management Award by aiCIO

BOSTON--(BUSINESS WIRE)-- Windham Capital Management has been recognized with the “Strategy & Tactics: Tactical Risk Management” Award at aiCIO’s 4th Annual Industry Innovation Awards, which highlights the best of the best in institutional asset management and servicing for the world’s largest pensions, endowments, foundations, and sovereign wealth funds.

No end in sight for Fed stimulus as inflation sags

WASHINGTON (Reuters) - The Federal Reserve's debate over monetary policy could begin to shift away from the prospect of reducing stimulus toward a discussion about doing more, given the signs of economic weakness and slowing inflation.

Swiss central bank keeps some gold in UK, Canada

GENEVA: The Swiss National Bank has for the first time disclosed where it stashes its 1,040 tons of gold, saying almost a third is kept overseas, in Britain and Canada.

Investors wary of "slow panic" on growth after Cyprus rescue

LONDON (Reuters) - World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to come.

Cyprus Immunity Shows Libor Still Broken Rate: U.K. Credit

Libor ignored the crisis in Cyprus that’s roiling financial markets, showing the global benchmark for $300 trillion of securities remains divorced from reality six months after regulators laid out a plan to fix it.

Euro zone in reverse, China speeds up

LONDON: The euro zone's economic downturn deepened this month, even before Cyprus' bailout troubles, but China's factories took a completely different path and moved up a gear, business surveys showed on Thursday.

PIMCO cuts euro exposure as investors decry Cyprus bailout plan

LONDON (Reuters) - A demand that Cyprus seize money from depositors to help rescue the island's banks is a wake-up call for those who believed the euro zone crisis was solved, institutional investors and hedge funds said.

US fiscal deal could spell trouble for Asia's investment winners

HONG KONG: A resolution to the US fiscal cliff crisis, messy and protracted as it was, provided an immediate boost for financial markets but longer term could spell trouble for some Asian assets that are coming off a stellar 2012.