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  • PRECIOUS-Gold capped below $1,200 as bond yields jump Wednesday, 6 May 2015 | 9:05 PM ET

    SINGAPORE, May 7- Gold remained under pressure on Thursday as higher bond yields dented the investment appeal of the metal, while uncertainty over the timing of a Federal Reserve rate hike also weighed. Spot gold was little changed at $1,190.31 an ounce by 0050 GMT, after losing 0.1 percent in the previous session and still firmly below the key $1,200 level.

  • Verizon Communications Inc is the latest distributor to challenge the traditional pay-TV universe when it launched in April a new slimmed-down package of channels with the option to add on genres such as sports, kids or news. Fox, along with Comcast Corp's NBC Universal, said Verizon's service violates their contracts that allow Verizon to carry their...

  • NEW YORK, May 6- Stocks on major world markets fell on Wednesday, as European borrowing costs reached their highest level this year, while the U.S. dollar slumped against major currencies after weak American economic data. The uncertainty is that these are pretty significant moves, "said Chuck Carlson, chief executive officer at Horizon Investment Services in...

  • *Treasuries compete with $18 bln of Apple, Shell deals. NEW YORK, May 6- U.S. Treasuries fell on Wednesday, weighed down by a global slide in government bond markets that pushed yields to 2015 peaks and large bond sales by Apple Inc and Royal Dutch Shell.

  • May 6- MetLife Inc, the largest U.S. life insurer, reported a better-than-expected quarterly profit due to gains from investments and derivatives. MetLife has long had a substantial derivatives program designed to smooth out risks stemming from changes to interest rates, currency exchange rates and equities. MetLife's total operating revenue fell slightly...

  • *Treasuries compete with $18 bln of Apple, Shell deals. NEW YORK, May 6- U.S. Treasuries fell on Wednesday, weighed down by a global slide in government bond markets that pushed yields to 2015 peaks and large bond sales by Apple Inc and Royal Dutch Shell.

  • BOSTON, May 6- Puerto Rico's troubled electric utility on Wednesday asked a U.S. appeals court for an alternative to restructure some $9 billion in debt, saying it would otherwise be at the mercy of U.S. bond funds. The legal battle moved on Wednesday to Boston where lawyers for both sides argued for more than an hour before the U.S. Court of Appeals for the First...

  • LONDON, May 5- Ten-year British government bond yields surged to their highest level this year on Tuesday, two days before voters go to the polls in the hardest-to-predict national election since the 1970 s. Robust U.S. non-manufacturing data caused gilts to extend losses made earlier in the day when traders were catching up with global bond price falls from...

  • U.S., EU officials clash over derivatives rules Wednesday, 6 May 2015 | 12:50 PM ET

    LONDON, May 6- U.S. and European Union regulators clashed on Wednesday over how to provide solid financial backing for the world's $630 trillion derivatives market and also avoid duplication of rules that would be costly for banks and other players. But the difficulty in getting agreement between the EU and the United States has held up the process.

  • NEW YORK, May 6- U.S. Treasuries fell on Wednesday, weighed down by a global slide in government bond markets that is pushing yields to 2015 peaks and competing corporate bond sales by Apple Inc and others. Germany's 10- year yield hit a 2015 high just under 0.6 percent.

  • *Oil hits 2015 peak on lower U.S. inventory, Middle East tension. "If the rise in yield resulting from dumping Bunds is compounded into other G10 government bonds by possible signs of oil-driven reflation currents, then stocks will have to take notice," said City Index Chief Markets strategist Ashraf Laidi in London. Oil prices hit their highs on the year on...

  • *Fall in bond sales from Russia and ex-Soviet states. LONDON, May 6- Bond sales by companies from Russia and other ex-Soviet countries have fallen to 10- year lows this year, inflating prices for new issues from other regions and leaving funds struggling to place their money. The reduction in new supply from Russia, and to a lesser extent from Latin America, is a...

  • MOSCOW, May 6- Russia's Finance Ministry sold 10 billion roubles of OFZ government bonds at an average yield of 13.72 percent at auction on Wednesday, it said in a statement on its website. The ministry earlier on Wednesday sold 15 billion roubles of fixed-coupon OFZs maturing in 2019 at an average yield of 10.69 percent. Following are details of the auction, taken...

  • *Reflation putting end to deflation scare. SYDNEY/ LONDON, May 6- A rapid revival of commodity prices and a sudden sell-off in top-rated, low-yielding bonds have signalled the passing of this year's global deflation scare, forcing a rethink of both the consumer price outlook and investments worldwide. "There has been a profound easing in financial conditions...

  • *MoneyGram and Synageva soar on buyout offers. May 6- Wall Street was set to open higher on Wednesday as investors focused on healthy corporate earnings reports and a revival in dealmaking, shrugging off a rout in the global bond market and weaker-than-expected U.S. private jobs data. "This is certainly going to change expectations for Friday's numbers," said Joe...

  • HONG KONG, May 6- China has more than tripled the number of central government owned firms allowed to trade commodities derivatives overseas without regulator approval, sources told Reuters, in a move that will give China more clout in global markets for metals, energy and agricultural products. "This will boost trading by Chinese companies, energy in...

  • JPMorgan gets SEC subpoenas over mutual fund sales Wednesday, 6 May 2015 | 5:11 AM ET

    May 6- JPMorgan Chase& Co said it has received subpoenas from the U.S. Securities and Exchange Commission over how it sells its mutual funds. Other government authorities and a self-regulatory organization, apart from the SEC, are also seeking information about the bank's use of proprietary products in its wealth-management business, JPMorgan said in a...

  • ECB set to decide on increasing Greek bank lifeline Wednesday, 6 May 2015 | 5:09 AM ET

    FRANKFURT, May 6- The European Central Bank's Governing Council on Wednesday may nudge up the amount of Emergency Liquidity Assistance teetering Greek banks can borrow, as Athens struggles to avert a potentially catastrophic funding crunch. On Wednesday, Athens sells 875 million euros of six-month Treasury bills to refinance a maturing issue and a 200...

  • GLOBAL MARKETS-Bond rout rattles all assets Wednesday, 6 May 2015 | 4:55 AM ET

    LONDON, May 6- A worldwide selloff in government bonds deepened on Wednesday, with the rise in yields to their highest level this year spreading unease across all asset classes and putting stock markets around the world under pressure. Even top-rated assets sank, with Germany's 10- year yield rising to a 2015 high at just under 0.6 percent. "Another bloodbath in...

  • SYDNEY, May 6- A sudden sell-off in safe-haven bonds, and an equally rapid revival in resource prices, could herald the end of the dog days of deflation and a return to the more reflationary world of old. A positive spin on this would be that the European Central Bank's massively expanded campaign of asset-buying is working far more quickly than even optimists...