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  • NEW YORK— Well, that was a disappointing ending. After years of nearly uninterrupted and strong returns, most mutual funds looked set to deliver another quarter of gains, albeit modest ones, for April through June. That is, it looked that way until the eve of the quarter's end, when a sell-off in global stock markets pulled down many funds.

  • LONDON, July 2- Government bond yields rose across the euro zone on Thursday as investors cut their holdings of both top-rated Bunds and riskier peripheral debt before a Greek referendum on EU-prescribed reforms which could go either way. "There's a very big weekend coming up and it's a really mixed picture today in the market which to me is reflective of very...

  • The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of Germany's...

  • *Uncertainty over Greece's referendum spur bids for bonds. NEW YORK, July 2- U.S. The U.S. Labor Department said U.S. employers added 223,000 workers last month, less than the 230,000 increase projected by economists polled by Reuters.

  • WASHINGTON, July 2- The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a potentially a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented. The Washington- based institution, which is part of a "troika" that includes the European Commission and...

  • LONDON, July 2- International investors, dismayed by Nigeria's decision to delay a naira devaluation they see as long overdue, will hold back from its stock and bond markets, raising risks of a deeper crisis in Africa's biggest economy. "It will take a combination of weaker currency and higher interest rates to get us back to Nigeria," said Kieran Curtis, a bond fund...

  • *Uncertainty over Greece's referendum spur bids for bonds. NEW YORK, July 2- U.S. "Clearly the report was disappointing," said Mark Zandi, chief economist at Moody's Analytics in West Chester, Pennsylvania.

  • *Europe waits for Greek vote, Spain borrowing costs rise. *Gold also dips after U.S. payrolls. Gold fell too, hitting a 3-1/ 2 month low of $1,157 an ounce, while U.S. stock futures extended gains to point a 0.3-0.4 percent rise for the main Wall Street markets when they reopen.

  • LONDON, July 2- Top-rated euro zone government bond yields rose on Thursday as investors cut exposure before U.S. jobs data that may signal the Federal Reserve will raise rates later this year. The rally in peripheral euro zone bonds also stalled following Wednesday's defiant address by Greek Prime Minister Alexis Tsipras urging voters to reject a bailout...

  • July 2- U.S. stock index futures rose slightly on Thursday ahead of a critical job report that could feed into the U.S. *The Labor Department's closely watched report, normally issued on a Friday, will be released on Thursday at 8:30 a.m ET because of the Independence Day holiday. *European stock markets were in a limbo and the mood was one of caution with Greece just...

  • LONDON, July 2- Euro zone government bond yields rose on Thursday as Greek bailout talks stalled again and investors cut exposure before U.S. jobs data that may signal the Federal Reserve will raise rates later this year. A "no" vote may lead to Greece's leaving the euro zone; a "yes" vote would mean the euro zone would immediately get back to working on a deal, French...

  • A "no" vote could lead to Greece leaving the euro zone while its euro zone partners would immediately get back to working on a deal if the outcome was "yes," French Finance Minister Michel Sapin said. "With the exaggerated rally we saw this week there was too much optimism that a deal would be reached but it seems that markets are being more realistic now," said DZ Bank...

  • TOKYO, July 2- Decent demand at a 10- year sale underpinned Japanese government bond prices on Thursday, as yields took their cues from a drop in U.S. The Ministry of Finance's monthly auction of 2.4 trillion yen of 10- year JGBs with a coupon of 0.4 percent resulted in a lowest accepted price of 98.89. Prime Minister Alexis Tsipras on Wednesday urged Greeks to...

  • SHANGHAI, July 2- The deputy head of the National Development and Reform Commission has given assurances that China's primary economic planning policy agency will not allow any enterprise bonds to default, China Securities Daily reported on Wednesday. Although China's onshore bond markets have seen defaults on corporate bonds and medium-term notes over...

  • BUZZ-China stocks rise at open Wednesday, 1 Jul 2015 | 9:33 PM ET

    BUZZ- CHINA STOCKS RISE AT OPEN@** China stocks rise after regulators move to ease trading. **China CSI300 stock index futures for July rise 0.3 percent, to 4,228.2, -59.53 points below the current value of the underlying index. **The Hang Seng index adds 0.8 percent to 26,459.43.

  • BRASILIA, July 1- Brazilian senators on Wednesday debated alternatives to a 2010 law that requires state-run oil firm Petrobras to take a minimum 30 percent stake in new development contracts and function as operator in Brazil's subsalt oil areas. The current rules have been criticized for limiting foreign investment in the Subsalt Poligon, a region off...

  • BOGOTA, July 1- Colombia has ruled out conducting debt swaps with market participants this year, the director of public credit Ana Milena Lopez told Reuters on Wednesday. The government last month announced a debt swap between state entities for up to six trillion pesos that did not involve the market. "We are considering the possibility next year of monetizing...

  • Fannie Mae and Freddie Mac hike pay for their CEOs Wednesday, 1 Jul 2015 | 12:49 PM ET
    Timothy J. Mayopoulos, president and chief executive officer of Fannie Mae (L), and Donald 'Don' Layton, chief executive officer of Freddie Mac (R).

    Fannie Mae and Freddie Mac disclosed huge pay raises for their CEOs, despite opposition from the Obama administration.

  • July 1- Municipal bond researchers at Franklin Templeton, whose funds are among the largest owners of Puerto Rico debt, on Wednesday predicted a "long and costly" legal battle as the Caribbean nation tries to restructure more than $70 billion in obligations. "At the very least, in our assessment, Puerto Rico can expect creditors to seek legal affirmation and...

  • FRANKLIN TEMPLETON ANALYSTS DON' T SEE PUERTO RICO'S PROBLEMS SPILLING OVER INTO THE REST OF U.S.