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  • WASHINGTON/ NEW YORK, Feb 26- A bill to give Puerto Rico's ailing public utilities a way to restructure debt under the U.S. bankruptcy code drew skepticism from congressional Republicans but support from Democrats, who said it would relieve the island's problems. The Republican-controlled Judiciary subcommittee on regulatory reform of the House of...

  • *Traders focus on higher U.S. core CPI for January. *Seven-year note auction meets with soft demand. NEW YORK, Feb 26- U.S.

  • Puerto Rico seeks protection of federal bankruptcy code Thursday, 26 Feb 2015 | 2:28 PM ET

    The push comes after a federal judge ruled that a local debt-restructuring law pushed through last year by Puerto Rico's governor was unconstitutional. Melba Acosta, president of Puerto Rico's Government Development Bank, was among those who testified before a U.S. House Judiciary Committee hearing in Washington. Puerto Rico's delegate to Congress, Pedro...

  • NEW YORK— Whenever you hear, "this time is different," the wise move is usually to ignore it. But when it comes to technology stocks, which are flying at levels unseen since the dot-com boom was about to go bust, mutual-fund managers are insisting that this time really is different. And strategists along Wall Street, from Goldman Sachs to Deutsche Bank, say technology...

  • NEW YORK, Feb 26- Low-yielding bond markets could abruptly "wake up" and reprice for tighter U.S. monetary policy, posing problems for the Federal Reserve as it approaches an interest rate hike, a top Fed official said on Thursday. Louis Fed President James Bullard said in an interview with Reuters that the longer the U.S. central bank keeps rates near zero amid such...

  • NEW YORK, Feb 26- Bondholders are split on a proposed bill to give Puerto Rico's ailing public agencies a way to restructure debt under U.S. bankruptcy law, with some saying it would give confidence to the market and others arguing it is a "Wild West" solution. The bill to give Puerto Rico's agencies the ability to file under Chapter 9 of the U.S. bankruptcy code- used by...

  • *Traders focus on higher U.S. core CPI for Jan. NEW YORK, Feb 26- U.S. Well this piece of data was fine, it was roughly as expected, and so now I can be slightly less defensive, "' said Jim Vogel, interest rate strategist at FTN Financial in Memphis, Tennessee.

  • NEW YORK, Feb 26- Argentina has suspended a planned sale of dollar-denominated bonds intended to raise at least $2 billion, two investors with direct knowledge of the deal told Thomson Reuters IFR on Thursday. District Judge Thomas Griesa had ordered Deutsche Bank and JPMorgan Chase and Co to hand over documents relevant to the Bonar 24 bond sale.

  • US STOCKS-Futures flat ahead of data flurry Thursday, 26 Feb 2015 | 7:52 AM ET

    *Salesforce.com climbs after results, outlook. NEW YORK, Feb 26- U.S. stock index futures were little changed on Thursday ahead of a flurry of economic data, after the Dow edged up to a new record a day earlier while the Nasdaq snapped a 10- session winning streak. Federal Reserve Chair Janet Yellen to a House of Representatives committee that yielded little insight...

  • MUNICH, Feb 26- German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco. Shares in Europe's largest insurer fell more than 3 percent on Thursday and were the biggest decliners in Germany's blue...

  • *Raft of corporate earnings keep Europe flat. LONDON, Feb 26- German seven-year bond yields fell below zero for the first time ever on Thursday, as investors positioned themselves for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme. Bets that a U.S. rate hike might come later than expected, triggered by comments by Fed...

  • TOKYO, Feb 26- Foreign investors bought 1.13 trillion yen of Japanese cash shares and futures last week, their largest net buying in more than three months, helping to drive Japanese stock prices to 15- year highs. They bought 153.8 billion yen of cash stocks, data from the Tokyo Stock Exchange showed, and also bought 978.8 billion yen of Japanese stock futures,...

  • German 7-yr bond yields fall below zero as QE nears Thursday, 26 Feb 2015 | 3:39 AM ET

    *Italy yields fall ahead of debt sale. LONDON, Feb 26- German borrowing costs out to seven years fell below zero for the first time and Italian yields dipped ahead of an auction on Thursday in further signs of frantic investor demand for euro zone government debt. Germany and Portugal sold debt at new record lows, in five- and 10- year sales respectively on Wednesday,...

  • JGBs firm after decent demand in 2-year auction Wednesday, 25 Feb 2015 | 11:58 PM ET

    TOKYO, Feb 26- Japanese government bond prices were little changed on Thursday, with the market relieved after witnessing decent investor demand for newly auctioned two-year debt. Auction results have drawn more attention from participants as lower liquidity, a result of massive debt purchases under the Bank of Japan's extensive easing scheme, has made the...

  • BUENOS AIRES/ NEW YORK, Feb 25- Argentina, a pariah of the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and on Wednesday begun marketing a new bond issue to non-U.S. investors. The government has begun marketing a new issue of Bonar 2024 notes as it seeks to raise cash ahead of upcoming maturities and avoid...

  • *Yellen testimony to House identical to Senate testimony. NEW YORK, Feb 25- U.S. Yellen's testimony to the House Financial Services Committee was identical to one she delivered Tuesday to the Senate Banking Committee.

  • BOSTON— A Massachusetts financier has been indicted on fraud and obstruction of justice charges for allegedly defrauding investors in a $40 million mutual fund. Daniel Thibeault, 40, of Framingham, has been charged with securities fraud, wire fraud, aggravated identity theft, and obstruction of justice, according to U.S. Thibeault, a 2004 graduate of Harvard...

  • Feb 25- Lumber Liquidators Holdings Inc, a retailer of hardwood flooring in North America, said the U.S. Department of Justice may seek criminal charges against the company under an Act aimed at curbing illegal harvest of tropical hardwoods. Contracts volume in Lumber Liquidators' options were 9 times normal at about 27,000, according to Trade Alert data.

  • CAPE TOWN, Feb 25- South Africa will increase income tax rates for the first time in 20 years, Finance Minister Nhlanhla Nene said in a gloomy budget speech on Wednesday, as he cut growth forecasts for an economy beset by chronic power shortages. Nene also widened budget deficit estimates for Africa's most developed economy and said the government would have to...

  • BUENOS AIRES, Feb 25- Argentina, shunned by the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and is considering issuing a long-term dollar-denominated bond. Any new bond would be issued under local Argentina law, officials said. Investors piled into a new $500 million bond from the city of Buenos Aires...