Watchdog warns about big banks' use of government-affiliated loans

WASHINGTON, April 16 - A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower defaulted.

Bonds, Regulatory News 5:01am BST

TABLE-India cbank says reverse repo bids rise to 54.56 bln rupees

April 16 - The Reserve Bank of India said on Wednesday it accepted all 16 bids for 54.56 billion rupees ($905.71 million) at its one-day reverse repo auction held on April 15, through which it absorbs cash from the banking system. For detailed results, please see the table below: --------------------------------------------------------------- REPO --------------------------------------------------------------- DATE BIDS

4:22am BST

S.Korea won down for 3rd day, stocks find support from China GDP

* KOSPI rises after three-day falling streak * Won falls to one-week low in third day of losses By Christine Kim SEOUL, April 16 - The South Korean won slipped to a one-week low on Wednesday on dollar demand linked to dividend payouts, while stocks edged up following three days of losses after data showed China's economy grew slightly more than expected in the first quarter. The local currency was quoted at 1,042.1 against the dollar as of 0233 GMT, down 0.1 percent fr

4:16am BST

India Morning Call-Global Markets

NEW YORK - U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's advance.

4:01am BST
HSBC Holdings PLC 617.90p -0.56%
Lloyds Banking Group PLC 70.94p -2.26%
Barclays PLC 233.15p -1.75%


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