LONDON, Feb 16 (Reuters) - The rate of homeownership among young, middle-income adults in Britain has more than halved over the last 20 years, according to research that highlights growing generational strains in British society.Only 27 percent of Britons aged between 25 and 34 with incomes in the middle bracket for their age owned a home in 2015/16, down from 65 percent in 1995/96, the Institute...Read More

By Lawrence WhiteLONDON, Feb 16 (Reuters) - Revenues at the world's 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business."In January banks were thinking '2018 will be bad for equities revenues but not as bad as 2017', but now with the volatili...Read More

LONDON, Feb 16 (Reuters) - Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday.Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.5 billion in 2017 from $4.3 billion the previous year, it said...Read More

Feb 16 (Reuters) - For other diaries, please see:Top Economic Events Polling Unit Diary Today in Washington Political and General News DATECOUNTRY AUCTION DETAILS16-FebJapan 1-year discount bill auction19-FebNetherlands DTC auction20-FebGermany Auction of 2-year Treasury notes20-FebSpain Auction of 3- and 9-month Treasury bills20-FebUnited States Sale of 2-year notes21-FebUnited States Sale of 2-y...Read More

Feb 16 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily** Indicates new events-----------------------------------------------------------MONDAY, FEBRUARY 19SYDNEY - Speech by Michele Bullock, R...Read More

Feb 16 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events -----------------------------------------------------------FRIDAY, FEBRUARY 16** GRANADA, Spain - Bank of Spain Governor Luis Maria Linde to participate in...Read More

(Adds details on funds, table, analyst quote, byline)By Trevor HunnicuttNEW YORK, Feb 15 (Reuters) - U.S. fund investors fled the riskier corners of the debt market, pulling the second-highest amount of cash on record from high-yield "junk" bonds during the latest week, Lipper data showed on Thursday.The $6.3 billion in withdrawals from the funds during the week ended Feb. 14 mark a new...Read More

(Adds background)Feb 15 (Reuters) - Global index provider MSCI Inc on Thursday "strongly suggested" that India's three main stock exchanges reconsider their anti-competitive measures that restrict the accessibility of the Indian equity market to foreign exchanges.The National Stock Exchange, BSE Ltd and Metropolitan Stock Exchange said last week that they would stop licensing products a...Read More

SYDNEY, Feb 16 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday the outlook for rising U.S. budget deficits was "very problematic."Investors are worried about the twin deficits in the United States amid a government spending splurge and large corporate tax cuts. Lowe said he would not want tax cuts in Australia to lead to higher deficits. The U.S. national...Read More

Mr. Nolan Watson reportsSANDSTORM GOLD ANNOUNCES 2017 FOURTH QUARTER AND ANNUAL RESULTSSandstorm Gold Ltd. has released its results for the fourth quarter and year ended Dec. 31, 2017 (all figures in U.S. dollars). Fourth quarter highlights: Attributable gold equivalent ounces sold (1) of 12,032 ounces (Q4 2016 -- 13,245 ounces); Revenue of $15.4-million (Q4 2016 -- $16.5-million); Operating cash...Read More

Mr. Nolan Watson reportsSANDSTORM GOLD ANNOUNCES 2017 FOURTH QUARTER AND ANNUAL RESULTSSandstorm Gold Ltd. has released its results for the fourth quarter and year ended Dec. 31, 2017 (all figures in U.S. dollars). Fourth quarter highlights: Attributable gold equivalent ounces sold (1) of 12,032 ounces (Q4 2016 -- 13,245 ounces); Revenue of $15.4-million (Q4 2016 -- $16.5-million); Operating cash...Read More

PANAMA CITY, Feb 15 (Reuters) - Panama consumer prices rose 0.4 percent in January versus the same month a year earlier, the comptroller in the Central American country said on Thursday.In the first month of the year, prices for education, health services, hotels and restaurants rose most, according to the consumer price index.By contrast, prices for food and non-alcoholic beverages fell 1.5 perce...Read More

David Linsley, chief executive of Pembridge Resources plc (LON:PERE), tells Proactive's Andrew Scott they're set to become a cash flow generating copper producer with the acquisition of Yukon-based Minto Explorations.Currently an acquisition vehicle or SPAC, Pembridge will pay US$37.5mln in cash to vendor Capstone Mining plus shares equivalent to a 9.9% stake in the enlarged company.Pembridge will...Read More

By Jonathan StempelFeb 15 (Reuters) - Federal prosecutors on Thursday charged a Chicago trader with wire fraud for allegedly stealing $2.06 million of bitcoin and litecoin from his employer.Joseph Kim, 24, is the first person facing criminal prosecution in Chicago involving the cryptocurrency trading industry, according to the office of U.S. Attorney John Lausch in that city, which announced the c...Read More

(Recasts with governor comments)By Swati PandeySYDNEY, Feb 16 (Reuters) - The Reserve Bank of Australia (RBA) expects to make only gradual progress in reducing unemployment and having inflation return to its 2-3 percent target band, signaling interest rates will stay at record lows for a while yet.The RBA has held rates at 1.50 percent since last easing in August 2016, as it seeks to strike a bal...Read More

SYDNEY, Feb 16 (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday a downgrade of Australia's triple-A sovereign credit rating would be a political event, not an economic one.Australia is among the few countries in the world with a such a rating. Standard & Poor's last month affirmed Australia's rating but kept its negative outlook on the country citing "signif...Read More

Gold prices inched lower, pausing after the dollar's weakness propelled the precious metal to its best day since March a day earlier.Read full newsRead More

FTSE 100 rises 20.84 points Standard Life Aberdeen slumps as Lloyds pulls fundsOld Mutual and Mondi shares jump on President Zuma resignsMosman Oil tanks after placing newsTiou Energy another loser on its Botswana bids CLOSEThe FTSE 100 closed strongly on Thursday, was up 20.84 or 0.29% at 7,234.81, helped by mining stocks which took their cue from the higher prices of metals.The more UK...Read More

SYDNEY, Feb 16 (Reuters) - The Reserve Bank of Australia (RBA) will wait for unemployment to nudge lower and inflation to hop into its 2 percent to 3 percent target range before considering raising interest rates, Governor Philip Lowe said on Friday. "As things currently stand, we expect that progress to be steady, but to be only gradual," Lowe said before a parliamentary economics commi...Read More

(Adds details, background)* Wakatabe seen as advocate of bolder easing* Veteran central banker Amamiya gets other deputy post - Nikkei* BOJ Kuroda likely to be reappointed, easy policy seen intact* Govt to submit nominees to parliament on Friday By Leika KiharaTOKYO, Feb 16 (Reuters) - The Japanese government is considering nominating economist Masazumi Wakatabe, an advocate of bolder monetary e...Read More