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  • NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...

  • What exactly is a market correction? Friday, 21 Aug 2015 | 4:07 PM ET
    Trader on the floor of the New York Stock Exchange.

    CNBC explains: What is a correction? How do they come about? What do they mean for the stock market?

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. Austin, Texas- based Guaranty Bank closed in August 2009, and the FDIC arranged for its deposits to be assumed by BBVA...

  • NEW YORK Aug 18- Puerto Rico postponed until later this week its first bond sale in public markets since it defaulted, investors said on Tuesday, an offering that according to Fitch ratings agency may attract high-yield municipal funds. According to data company IPREO, the $750 million deal for the Puerto Rico Aqueduct and Sewer Authority was slated to price on...

  • BEIJING, Aug 11- China's top economic planning agency approved two policy lenders- China Development Bank Corp and Agricultural Development Bank of China- to issue renminbi-denominated bonds offshore, the National Development and Reform Commission said on Tuesday. Reuters reported in June that Chinese regulators would allow mainland financial...

  • BEIJING, Aug 11- China Development Bank Corp, the country's biggest policy lender, has been approved to issue 5 billion yuan in renminbi-denominated bonds in Taiwan to help fund its offshore yuan business, China's economic planning agency, the National Development and Reform Commission, said on Tuesday. Taiwan is one of a number of economies that have developed...

  • BOSTON, Aug 6- Some of the U.S. state and county-run investment pools that oversee more than $200 billion in local government cash are loading up on riskier corporate debt to produce yields that outpace the industry average by many times over, according to a Reuters analysis of their financial disclosures. "I don't want to call it the Wild Wild West, but it sure seems...

  • SAO PAULO, Aug 5- The board of Vale SA, the world's largest iron ore producer, on Wednesday approved plans to raise 1 billion reais from the sale of debt notes to expand the railway system at its Carajas ore mine. Credit ratings agency Moody's Investors Service rated the senior unsecured notes at Baa2, the second-lowest investment-grade ranking, with a "negative"...

  • NEW YORK, Aug 3- Puerto Rico has defaulted on its debt by paying only a fraction of what was due on bonds due Aug. 1, showing the depth of the island's economic and cashflow problems and potentially opening the door to broader defaults and litigation from bondholders. The U.S. commonwealth paid only $628,000 of a $58 million payment due on its Public Finance Corp...

  • Puerto Rico to miss debt payment, signalling default Friday, 31 Jul 2015 | 8:10 PM ET
    The Puerto Rican flag flies near the Capitol building as the island's residents deal with the government's $72 billion debt on in San Juan, Puerto Rico

    Puerto Rico will miss a debt repayment Saturday, the government confirmed, as one of the largest ever US municipal debt restructurings beckons.

  • NEW YORK, July 31- Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday. But Puerto Rico is expected to default on a $58 million payment on Public Finance Corporation bonds due Saturday...

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • Focus on fixed income ahead of Fed: Jeff Rosenberg Wednesday, 29 Jul 2015 | 7:07 AM ET
    Focus on fixed income ahead of Fed: Jeff Rosenberg

    Jeff Rosenberg, BlackRock, and Robert Wolf, 32 Advisors CEO, discuss the impact of an interest rate hike on the markets.

  • Why this BlackRock strategist expects September rate hike...

    Jeff Rosenberg, BlackRock, and Robert Wolf, 32 Advisors CEO, share their expectations on interest rates and its impact on bonds. Also a look at deflationary risks to the markets.

  • *Myanmar currently unrated by top 3 agencies. HONG KONG, July 17- Citigroup Inc and Standard Chartered Plc are set to advise Myanmar on its first credit rating, according to people with direct knowledge of the matter, paving the way for the country to issue its maiden international bond. "Getting a credit rating is of the first importance for Myanmar, helping it to...

  • *Myanmar currently unrated by top 3 agencies. HONG KONG, July 17- Citigroup Inc and Standard Chartered Plc are set to advise Myanmar on its first credit rating, according to people with direct knowledge of the matter, paving the way for the country to issue its maiden international bond. After decades of isolation from international capital markets under...

  • Gundlach: I'm a value guy at heart Wednesday, 15 Jul 2015 | 12:32 PM ET
    Gundlach: I'm a value guy at heart

    Bond king Jeffrey Gundlach of DoubleLine Capital, shares his thoughts on where he is finding value, including taking his short position off against Delta Air Lines.

  • NEW YORK, July 10- A U.S. federal judge on Friday ordered Chesapeake Energy Corp to pay $379.7 million to bond investors, after the natural gas company waited too long to tell them of its plan to redeem their $1.3 billion of bonds six years early. District Judge Paul Engelmayer in Manhattan agreed with bond trustee Bank of New York Mellon Corp that holders of...

  • NEW YORK, July 10- A U.S. federal judge on Friday ordered Chesapeake Energy Corp to pay $379.7 million to bond investors, after the natural gas company waited too long to tell them of its plan to redeem their $1.3 billion of bonds six years early. District Judge Paul Engelmayer in Manhattan agreed with bond trustee Bank of New York Mellon Corp that holders of...