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  • NEW YORK, Oct 10- A court-appointed mediator said Friday he would hold a meeting next week between lawyers for Argentina and creditors suing the country in a longstanding dispute over defaulted debt. Argentina defaulted in July for the second time in 12 years after refusing to honor court orders to pay $1.33 billion plus interest to bondholders- a group of hedge...

  • HELSINKI, Oct 10- Finland dropped out of the small group of euro nations with a full set of top credit ratings on Friday as Standard& Poor's cut its rating to' AA+' from' AAA', citing persistent economic growth problems. Finland has yet to return to its 2008 economic output levels after exports dwindled due to the euro zone crisis, problems at its mobile phone and paper...

  • The request would be based on the role of the two institutions in helping Argentina circumvent the US jurisdiction in September by depositing a coupon payment due on its restructured bonds at an account opened by the central bank at Nacion Fideicomisos, a subsidiary of Banco Nacion instead of at trustee bank New York Mellon. US court judge Thomas Griesa in...

  • LONDON, Oct 10- Strong demand for a new Spanish inflation-linked bond this week suggests investors are betting that the European Central Bank will avert deflation and eventually succeed in reigniting consumer price increases in the euro zone. Spain raised 5 billion euros in its second sale this year of bonds providing protection against price increases,...

  • NEW YORK, Oct 10- U.S. long-dated Treasuries yields edged lower on Friday on persisting concerns over global economic growth, while short-dated yields were stable on short-covering after this week's dovish Federal Reserve meeting minutes. Weak German economic data and the International Monetary Fund's third cut to its global growth forecasts this year...

  • LONDON, Oct 10- Russian companies' scramble to swap roubles for dollars has pushed up the cost of such forward swap contracts, building pressure on authorities to boost official interest rates to stabilise the currency market. As availability of dollars and euros on Russian markets dries up, three-month forward rate agreements that allow traders to lock in...

  • NEW YORK, Oct 10- US power company Dynegy looks set to price its new $5.1 bn high-yield acquisition finance bond Friday wider than first expected due to a surge in market volatility over the past few days. The single B rated issuer set price talk this morning at 6.75% area on a minimum US $2 bn five-year non-call 2.5; 7.375% area on a US $1.5- 2.0 bn eight-year non-call...

  • NEW YORK, Oct 10- U.S. stock index futures pointed to a lower open on Friday, putting major indexes on track for a sharply lower week as Thursday's decline on global growth concerns looked to be extended. "All eyes will be on the 200- day moving average" today, said Jonathan Krinsky, chief market technician at MKM Partners in Greenwich, Connecticut, adding that the index...

  • NEW YORK, Oct 10- Dynegy set price talk Friday morning on a new $5.1 bn high-yield acquisition finance bond expected to price later in the day. Leads set talk at 6.75% area on a minimum$ US2bn five-year non-call 2.5; 7.375% area on a US $1.5- 2.0 bn eight-year non-call four; and 7.75% area on a US $1.0- 1.5 bn 10- year non-call five. Morgan Stanley is lead-left on the deal,...

  • US STOCKS-Futures drop, chipmakers weigh on Nasdaq Friday, 10 Oct 2014 | 8:36 AM ET

    NEW YORK, Oct 10- U.S. stock index futures fell on Friday, with the decline particularly pronounced in the tech-heavy Nasdaq index, which was weighed by weakness in chipmakers. Intel Corp fell 2.4 percent to $32.80 while Micron Technology was off 2.3 percent at $29.92. In other tech news, Juniper Networks Inc fell 6.4 percent to $19.59 before the bell a day after it...

  • DYNEGY BOND PRICE TALK 6.75% AREA ON US $2 BN 5 Y; 7.375% A ON US $1.5- 2 BN 8 Y; 7.75% A ON US $1- 1.5 BN 10 Y.

  • NEW YORK, Oct 10- U.S. stock index futures were lower on Friday, suggesting major indexes could be on track for one of their worst weeks in years, as Thursday's decline on global growth concerns looked likely to be extended. *The selloff was spurred by weak data from Germany, Europe's largest economy, as well as comments from a Fed official who suggested investors had...

  • TOKYO, Oct 10- Japanese government bond prices edged down on Friday as participants locked in profits before a three-day weekend. The Tokyo financial markets will be closed on Monday for a public holiday. A slide by Tokyo stocks helped limit losses by JGBs.

  • Oct 10- In changes that have raised the potential investment risks in many 401 retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans. BlackRock Inc, Fidelity Investments and Pacific Investment Management Co- all firms that have seen returns in their...

  • Canada- based Tekmira Pharmaceuticals, which is said to be furthest along among the companies working on a treatment, and Chimerix Inc, whose experimental oral antiviral drug was used on the first U.S. victim of the disease, have seen a huge increase in trading activity in their stock options. On Wednesday, shares of Chimerix fell more than 18 percent in 40 minutes...

  • *U.S. sold $13 bln in 30- year bonds to tepid demand. NEW YORK, Oct 9- U.S. "The guys who were long and bought the market when it was cheap are taking advantage of this rally to sell a little bit," said Richard Gilhooly, an interest rate strategist at TD Securities in New York.

  • NEW YORK, Oct 9- Moody's "manipulated" public pension data in a way that has presented an excessively bleak picture of the $3.7 trillion sector, an advocacy group for state pension funds said in a hard-hitting open letter to the ratings agency. The letter, dated Oct. 8, follows the publication of a report by Moody's last month that claimed public pension liabilities...

  • NEW YORK, Oct 9- U.S. long-dated and benchmark Treasuries yields hit their lowest levels in over a year on Thursday, while short-dated yields hit their lowest in over a month after traders digested the view the U.S. Yields rose from their lows, however, after Labor Department data showing initial claims for state unemployment benefits fell to 287,000 in the week...

  • NEW YORK, Oct 9- The dollar dropped to a three-week low against the yen on Thursday as investors pared back bullish bets on the greenback after minutes of the Federal Reserve's latest meeting on Wednesday prompted investors to push out expectations for the timing of an interest rate rise. Treasury yields and implied rates on Fed fund futures retreated sharply...

  • NEW YORK, Oct 9- U.S. stock index futures pointed to a lower Wall Street open on Thursday, with earlier gains erased as concerns about global growth spurred investors to take profit following a massive advance in the previous session. The third-quarter earnings season got off to a strong start, with both Alcoa Inc and PepsiCo Inc rallying in premarket trading...