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  • NEW YORK, Jan 15- Switzerland's move to jettison a three-year-old cap on the franc threw global markets into turmoil on Thursday, sending the currency and most European shares soaring while bond yields and Swiss equities tumbled. Switzerland's main share index fell 8.7 percent in its biggest single-day decline by percentage in 25 years, wiping about $100...

  • Weak oil dictates mutual fund winners and losers in 2014 Thursday, 15 Jan 2015 | 12:33 PM ET

    LONDON, Jan 15- Weak oil prices shaped the performance of mutual funds in 2014 and investors expect the trend to continue, meaning last year's star, India, is likely to keep shining in the months to come. Equity funds were led by those specializing in India- an energy importer- while funds focused on oil exporter Russia dominated the bottom of the league, according to...

  • LONDON, Jan 15- Investors are now so confident the European Central Bank will unveil a government bond-buying stimulus next week that some contrarian traders are betting on a broad market shock if it doesn't. Some analysts, such as those at JP Morgan, reckon the recent plunge in oil, has led to a collapse of bond yields and the euro that indicate markets are...

  • NEW YORK, Jan 15- U.S. The Swiss National Bank lowered its policy rates by 50 basis points, pushing them further into negative territory to -0.75 percent in an effort to help its exporters by easing upward pressure on its currency. "It's a shock and investors feel,' Let's just own Treasuries and be safe,"' said David Keeble, global head of interest rates strategy at Credit...

  • LONDON, Jan 15- All Swiss government bill rates and bond yields out to nine- year maturities traded below zero on Thursday, after the Swiss National Bank stunned markets by scrapping its exchange rate cap on the franc and lowered interest rates to -0.75 percent. "The indicative yield on the June 2024 bond did briefly go below zero today," a spokeswoman for Tradeweb...

  • Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit as assets under management increased. The 2014 net inflows represent a 55 percent jump from the prior year and a record for BlackRock. "While the magnitude of the flows was quite large, it is the composition of the flows that was really interesting,"...

  • *Bank of America falls in premarket after results. NEW YORK, Jan 15- U.S. stock index futures edged higher in choppy trading on Thursday, fluctuating between gains and losses, after the Swiss National Bank scrapped its three-year euro cap on the franc. *Bank of America lost 2.1 percent to $15.71 before the opening bell after the second-largest U.S. bank by assets...

  • BlackRock's earnings beat Wall Street estimates Thursday, 15 Jan 2015 | 7:44 AM ET
    Larry Fink, Chairman and CEO of BlackRock.

    BlackRock, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased.

  • Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased. Of the $87.8 billion that investors poured into BlackRock's long-term funds during the quarter, half went into the iShares exchange-traded fund business, which ended the quarter with $1 trillion.

  • *Markets rocked as Switzerland abandons 3- yr franc cap. LONDON, Jan 15- Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe's shares and bond yields tumbling. The pan-European FTSEurofirst 300 plunged over 2 percent, led by a 5 percent slump in...

  • Benchmark JGBs steady in quiet trade Thursday, 15 Jan 2015 | 4:31 AM ET

    TOKYO, Jan 15- Benchmark Japanese government bonds were steady on Thursday in relatively quiet trade, while the price of the 5- year JGB inched down as investors positioned for an auction in that tenor next week. As widely expected, the Bank of Japan offered to buy 240 billion yen of JGBs in the 10- year to 25- year zone and 140 billion yen of JGBs with maturities over...

  • Kaisa Group last week failed to pay coupons for its dollar bond maturing in 2020, after government officials blocked sales of some of its projects in Shenzhen and several executives unexpectedly exited. Kaisa woes have frozen high-yield bond issuance from Chinese companies in the offshore market, where about $3.9 billion worth of G3 and dim sum bonds from...

  • Jan 14- The Pimco Total Return Fund, one of the world's largest bond funds, ended December with an increase in U.S. government-related holdings and nearly dumped all its holdings of developed countries' foreign currencies-denominated government bonds. The Pimco Total Return Fund had 43.19 percent exposure in U.S. government-related securities in December,...

  • NYMEX-US crude rises above $49 after best day since 2012 Wednesday, 14 Jan 2015 | 7:22 PM ET

    SINGAPORE, Jan 15- U.S. crude rose for a second session on Thursday after surging nearly 6 percent in the previous session in its biggest gain since June 2012 as traders with expiring options bought back futures. *U.S. crude for February delivery was up 43 cents at $48.91 a barrel by 0005 GMT, after briefly hitting a session high of $49.59. *Exchange operator Nasdaq OMX...

  • *Further losses on Wall Street add safety bid for Treasuries. A 0.9 percent drop in retail sales in December, the steepest in 11 months, extended the U.S. bond market's rally in the first two weeks of 2015, which has been underpinned by worries about deflation spreading across Europe and the effect of tumbling oil prices on corporate earnings and capital...

  • NEW YORK, Jan 14- Few mutual fund managers pulled out of oil stocks before the price of crude began plummeting in the fall of 2014, according to Morningstar data. "We're not being too cavalier: some leveraged companies are going to die, and we're trying to pick our spots carefully," said Jayme Wiggins, lead portfolio manager of the $542 million Intrepid Small Cap fund.

  • NEW YORK, Jan 14- Few mutual fund managers pulled out of oil stocks before the price of crude began plummeting in the fall of 2014, according to Morningstar data. "We're not being too cavalier: some leveraged companies are going to die, and we're trying to pick our spots carefully," said Jayme Wiggins, lead portfolio manager of the $542 million Intrepid Small Cap fund.

  • Threat of debt writedowns hovers over Ukraine Wednesday, 14 Jan 2015 | 12:46 PM ET

    LONDON/ KIEV, Jan 14- The collapse in Ukraine's hard currency reserves to just enough to cover five weeks of imports is threatening big government debt writedowns, rather than mere maturity extensions, being needed to put the country on its feet. A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows.

  • The SEC's rules come more than four years after they were first required by the 2010 Dodd-Frank Wall Street reform law. The Dodd-Frank law split up the responsibility for policing the swaps market between the SEC and the Commodity Futures Trading Commission, with the CFTC winning the lion's share. SEC officials said the new rules are similar to the CFTC's.

  • NEW YORK, Jan 14- The U.S. 30- year Treasuries yield fell to a record low on Wednesday as disappointing U.S. retail sales data raised bets the Federal Reserve would not raise interest rates this year. People are very confused so they run into safety assets, "said Stanley Sun, interest rate strategist at Nomura Securities International in New York.