TOKYO, Sept 17- Japanese government bond prices rebounded on Wednesday after an auction of 1.2 trillion yen 20- year JGBs drew solid bids, pulling yields back from 3- month highs. The 10- year JGB yield dropped 2.0 basis points to 0.555 percent, having reversed an earlier rise to a three month-high of 0.580 percent.» Read More
CARACAS, Sept 10- President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month.
NEW YORK, Sept 10- The Pimco Total Return Fund, overseen by Bill Gross, decreased its U.S. government-related holdings for a third straight month in August to 41 percent from 45 percent in July, Pimco's website said on Wednesday.
Sept 10- Twitter Inc said it plans to raise $1.3 billion by issuing convertible senior notes, its first debt offering since its market debut in November. Twitter will also grant initial purchasers an option to buy up to $100 million in each of the offerings. The San Francisco- based company said it would use part of the net proceeds for general corporate purposes.
The lengthy legal battle between Argentina and the funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.
NEW YORK— Fitch Ratings downgraded its credit rating on Sears, citing its declining profits and no clear turnaround plan. The credit ratings agency said Wednesday that it cut Sears' issuer default rating two notches to "CC" from "CCC," which puts the retailer's credit rating deeper into junk status.
TORONTO, Sept 10- Jeff Lowry and his family left a sedate housing market in Tennessee last year and moved to Canada in the midst of a housing boom, where bidding wars and soaring prices were an unpleasant reminder of his American roots.
The lengthy legal battle between Argentina and the investment funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.
NEW YORK, Sept 10- U.S. stock index futures were a touch higher on Wednesday, suggesting investors found few reasons to jump back into the market even after a recent string of weakness. *The S&P 500 fell sharply on Tuesday, closing under its 14- day moving average for the first time since Aug. 12, a cautious signal for short-term momentum.
WASHINGTON, Sept 10- A top U.S. regulator said on Wednesday he would welcome a delay by the European Union that gave more time to resolve a conflict with Washington over making derivatives markets safer.
TOKYO, Sept 10- Japanese government bond prices edged down slightly on Wednesday after U.S. As widely expected, the BOJ offered to buy 400 billion yen of JGBs in the 5- year to 10- year zone, 100 billion yen of JGBs in the 10- year to 25- year zone, and 30 billion yen of JGBs in the 25- year to 40- year zone.
BUENOS AIRES, Sept 9- A majority of Argentina's creditors are opposed to their bonds being moved to a new jurisdiction under a government proposal that would sidestep a U.S. court ruling that toppled it into default, the country's economy minister said on Tuesday.
BUENOS AIRES, Sept 9- A majority of Argentina's debt investors do not want to take up a government proposal to change the jurisdiction governing their bonds, Economy Minister Axel Kicillof told members of the country's Congress on Tuesday. The frozen coupon payment is still held by U.S. intermediary Bank of New York Mellon.
Traders digested a study from the San Francisco Federal Reserve Bank released Monday that showed investors underestimated the speed at which the Fed might raise interest rates, ramping up concerns that the central bank could signal an earlier-than-expected rate hike at its next policy meeting on Sept. 16-17.
NEW YORK, Sept 9- U.S. stocks fell on Tuesday as bond yields hit their highest in a month on expectations interest rates could rise sooner than some investors expect and as Apple shares declined.
LONDON, Sept 9- European shares slipped for a third straight session on Tuesday, with companies that trade dollar-denominated commodities such as oil taking a hit as investors shortened the odds on an early hike in U.S. interest rates.
LONDON, Sept 9- The $700 trillion financial derivatives industry will make a fundamental change to its contracts this year to help regulators wind down failed banks without destabilising markets, the world's main derivatives body said on Tuesday. G20 finance ministers and central bank chiefs will meet in Australia next week to discuss progress.
RIO DE JANEIRO, Sept 9- Moody's Investors Service on Tuesday said it may cut Brazil's credit rating in the next couple of years as the economy slows down, putting added pressure on whoever is elected president in October to change course on economic policy.
NEW YORK, Sept 9- Benchmark U.S. The San Francisco Federal Reserve Bank published research on Monday that showed investor expectations on interest rates differed from those of U.S. monetary policymakers, ramping up concerns the Fed could signal an earlier-than-expected rate hike at its next policy meeting on Sept. 16-17.
"Right now we're in the same playbook we've been all year, where we hit a new high, consolidate for a week or so, and then march higher to another record," says Chris Bouffard, chief investment officer at the Mutual Fund Store in Kansas City, Missouri, which has $9 billion in assets under management.
NEW YORK, Sept 9- U.S. stock index futures are pointing to a flat open on Tuesday, with investors once again finding few reasons to buy following a long-running rally that has taken indexes to repeated records. That represents the longest such streak since 1995, according to MKM Partners.