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There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
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There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.
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DETROIT, May 19- Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing.
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*Democratic Party primary is on Tuesday. But unlike most cities, Harrisburg's financial troubles have thrust it into the national spotlight, most recently with a slap from the U.S. Securities and Exchange Commission for fraud.
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*Early May U.S. consumer sentiment highest in almost six years. NEW YORK, May 17- Prices for U.S. With the better-than-expected retail sales figures on Monday, "you could probably say maybe the consumer is in a little better shape than we were thinking," said Steve Van Order, fixed-income strategist at Calvert Investments in Bethesda, Maryland.
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Martin Kanefsky, who was the chief of the now-defunct Kane Capital Strategies Inc, pleaded guilty in April 2010 to fraud and conspiracy charges related to his role in a scheme to manipulate bids for investment agreements and municipal finance contracts. Among those convicted were bankers who worked at General Electric Co, UBS AG, JPMorgan Chase& Co.
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NEW YORK, May 17- SunTrust Banks Inc won an court order on Friday preventing a Connecticut- based hedge fund from moving forward with a $13 million arbitration over mortgage-backed securities.
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Martin Kanefsky, who was the chief of the now-defunct Kane Capital Strategies Inc, pleaded guilty in April 2010 to fraud and conspiracy charges related to his role in manipulating bids by others from 1999 to 2006.. Among those convicted were bankers who worked at General Electric Co, UBS AG, JPMorgan Chase& Co.
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High fees plus poor performance: The formula is pretty easy to determine what makes a bad mutual fund. Some, though, are worse than others.
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*U.S. consumer sentiment jumps to highest in almost six years. NEW YORK, May 17- Prices for U.S. Combined with better-than-expected retail sales figures on Monday, "you could probably say maybe the consumer is in a little better shape than we were thinking," said Steve Van Order, fixed income strategist at Calvert Investments in Bethesda, Maryland.
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NEW YORK, May 17- Prices for U.S. The Thomson Reuters/ University of Michigan consumer sentiment data, due to be released at 9:55 a.m. is expected to show a brighter outlook in May from April.
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MUMBAI, May 17- Standard& Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for an upgrade.
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MUMBAI, May 17- Standard& Poor's reiterated its negative rating outlook on India's credit rating, which is one notch above junk status, warning of risks if the government carries out less reform than the agency says is needed to boost growth. India's benchmark 10- year yield rose 4 basis points to 7.41 percent from levels before the statement.
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ISTANBUL, May 17- Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from international markets for a decade of economic reform.
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TOKYO, May 17- Japanese government bond prices rose on Friday for a second day after a four-session plunge, bolstered by the Bank of Japan's asset-buying operations and reassured by the previous session's solid five-year sale.
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*Board meets May 21-22; decision seen May 22 0330-0500 GMT. TOKYO, May 17- The Bank of Japan is expected to stand pat on monetary policy next week despite jitters over the recent jump in bond yields, hoping it can stem the volatility by fine-tuning market operations.
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WASHINGTON, May 16- Big banks won key concessions in the battle over who dominates the $630 trillion derivatives markets as the top U.S. regulator adopted watered-down rules to bring swaps onto exchange-like trading platforms.
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*Consumer price index slips 0.4 percent, biggest drop since December 2008. NEW YORK, May 16- U.S.
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BOSTON-- The headlines about exchange-traded funds suggest there are no limits to the growth of these low-cost, easily traded alternatives to mutual funds.