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Bank of China main backer as ChemChina raises $20 billion for Syngenta deal

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HONG KONG ChemChina has raised $20 billion (15.4 billion pounds) mainly in perpetual bonds to finance its purchase of Swiss seeds firm Syngenta , with Bank of China becoming the single largest investor providing half of that funding, according to a regulatory filing.

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BOJ's Sakurai rules out near-term hike in bond yield target 7:41am BST

SAGA, Japan Bank of Japan board member Makoto Sakurai ruled out the chance of an imminent hike in the central bank's bond yield target, stressing the need to maintain its massive stimulus programme to prop up inflation and fend off overseas economic risks.

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Fed's Evans sees serious policy miss on U.S. inflation 2:27am BST

Chicago Federal Reserve President Charles Evans signalled a cautious stance towards further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is "a serious policy outcome miss."

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Wall Street rises, dollar falls on Fed minutes; oil retreats 24 May 2017

NEW YORK Wall Street rose, while the U.S. dollar and bond yields fell on Wednesday after Federal Reserve meeting minutes signalled a gradual approach to interest rate hikes, and oil prices dipped on a draw of U.S. gasoline stocks that was smaller than expected.

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Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017 24 May 2017

WASHINGTON Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday.

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ECB must not change course as inflation weak despite growth - policymakers 24 May 2017

FRANKFURT Euro zone economic growth may be improving - and European Central Bank policy will reflect this - but inflation remains weak so there is no need to deviate from the policy path already laid out, top ECB policymakers said on Wednesday.

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Euro zone stability risk contained but rising - ECB 24 May 2017

FRANKFURT Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.

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Ex-Fed Bernanke: BOJ may need to coordinate new fiscal plan to lift inflation 24 May 2017

TOKYO Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate a new fiscal spending plan with the government, allowing for inflation to accelerate above its 2 percent target without worsening the debt burden.

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Japan manufacturers' mood slips despite economic recovery: Reuters Tankan 24 May 2017

TOKYO Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery.

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Japan manufacturers' mood slips despite economic recovery - Reuters Tankan 24 May 2017

TOKYO Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery.

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