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HSBC Names John Flint as Chief Executive

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HSBC said it has appointed John Flint, its head of retail banking and wealth management, as its new chief executive, replacing Stuart Gulliver, who had said he would leave next year.

StanChart Seeks Investors in Power Company at Center of Bribery Probe

A Standard Chartered-controlled Indonesian power-plant maker at the heart of a U.S. Justice Department bribery probe is seeking new investors as it attempts to restructure $195 million in debt and fund a turnaround.

Fed on Track to Raise Rates Despite Weak Inflation, Minutes Show

Most Federal Reserve officials believed at their meeting last month that they would likely raise short-term interest rates again this year, though some said their decision would hinge on whether inflation picks up in coming months.

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Start Of Fed Balance Sheet Drawdown Going Well, Fed's Bostic Says

Federal Reserve Bank of Atlanta President Raphael Bostic said the start to central bank balance sheet reduction is going well, in part because the economy is in a good place to deal with the shift in monetary policy.

Fed's Fischer Doesn't See Financial-Market Bubble

Departing Federal Reserve Vice Chairman Stanley Fischer told NPR he doesn't think the central bank's policies are fueling a financial-market bubble, even as low interest rates can contribute to rising stock prices.

ECB's Praet Still Sees Insufficient Progress Toward Inflation Goal

A top European Central Bank official warned the bank has made "insufficient progress" toward its inflation target, injecting a note of caution as the ECB prepares to scale down its giant bond-buying program.

Supreme Court Hears Arguments in Case Against Jordan's Arab Bank

The Supreme Court on Wednesday weighed whether corporations can be sued under an 18th Century statute authorizing foreigners to file cases in U.S. courts alleging violations of international law.

Fed's Williams: Gradual Rate Rises Needed for Economy

Federal Reserve Bank of San Francisco President John Williams reiterated his expectation the U.S. central bank will need to press forward with rate increases, although he offered no hints on the timing.

Fed's George: Rate Rises Needed to Ward Off Economic Overheating

Federal Reserve Bank of Kansas City President Esther George shrugged off persistently weak inflation data as a major issue bedeviling policy makers and called for more rate increases to keep the economy from running off the rails.

WSJ Survey: Kevin Warsh Seen as Trump's Most Likely Pick to Lead Fed

Economists see former Fed governor Kevin Warsh as the most likely to be nominated by President Donald Trump to lead the Federal Reserve, followed by Janet Yellen and Jerome Powell, according to a Wall Street Journal survey.

(END) Dow Jones Newswires

October 12, 2017 07:15 ET (11:15 GMT)