NEW YORK, Oct 24- A U.S. judge has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default. An interest payment is due Dec. 31 by Argentina on U.S. dollar-denominated bonds issued under its local laws. Citigroup has said it faces...» Read More
NEW YORK, Aug 8- U.S. stock index futures edged up on Friday, reversing sharp losses earlier that came on the back of a U.S. government authorization of air strikes in Iraq, which added to concerns about escalating conflicts in Ukraine and the Gaza Strip.
President Barack Obama authorized targeted air strikes in Iraq, stoking fears of another drawn-out conflict in the region. Fighting also resumed in Gaza between Palestinian militants and Israel while NATO's calls for Russia to "step back from the brink" of war in Ukraine were still ringing in ears of volatile markets.
President Barack Obama authorised targeted air strikes in Iraq, raising worries of another drawn-out conflict in the region. It came as fighting also resumed in Gaza between Palestinian militants and Israel and with NATO's calls for Russia to "step back from the brink" of war in Ukraine still ringing in ears of volatile markets.
The creditors are considering an offer from Citigroup, JP Morgan, HSBC and Deutsche Bank of 80 cents on the dollar for their roughly $1.66 billion of Argentine debt, Thomson Reuters IFR reported on Wednesday.
Ten-year notes, whose yields topped 2.50 percent on Tuesday, were up 17/ 32 in price at the New York close to yield 2.417 percent, the lowest payout since June 20, 2013, according to Reuters data. A big increase in Treasury prices, which pushed five-year yields to a four-week low, came after a report that a Ukrainian Mig-29 fighter was downed by rebel forces in Ukraine.
*Ukraine crisis threatens euro zone economy, Draghi says. A big jump in Treasury prices, which also took 5- year yields to a four-week low, came after a report that a Ukrainian Mig-29 fighter was downed by rebel forces in Ukraine.
NEW YORK, Aug 6- The possibility of a wave of "me-too" claims against Argentina is threatening to scupper any of the relief the sovereign might eventually gain from ongoing talks between international banks and litigant investors.
The creditors are considering an offer from Citigroup, JP Morgan, HSBC and Deutsche Bank of 80 cents on the dollar for their roughly $1.66 billion holdings of Argentine debt, Thomson Reuters IFR revealed on Wednesday. Argentina's Economy Ministry declined to comment but has said previously there was nothing to prevent private parties reaching an agreement.
*Ukraine crisis threatens euro zone economy, Draghi says. A big jump in Treasury prices, which also took 5- year yields to a four-week low, came on an AFP report of a fighter plane downed in Ukraine, according to financial market sources.
*Ukraine crisis threatens euro zone economy, Draghi says. NEW YORK, Aug 7- U.S. But Treasuries rose again as European Central Bank President Mario Draghi told reporters in Frankfurt that the Ukraine crisis threatened the euro zone economy.
TORONTO, Aug 7- Manulife Financial Corp unexpectedly hiked its dividend for the first time since the financial crisis on Thursday, as it reported quarterly profits that jumped on stronger financial markets but was just shy of analysts' expectations.
NEW YORK, Aug 7- U.S. stock index futures edged up on Thursday ahead of jobless claims data, amid a backdrop of an escalation of tensions as Russia banned Western food imports in retaliation against Western sanctions.
*Areva's BBB- long term rating just one notch above junk. *Areva earnings guidance not in line with S&P assumptions. PARIS, Aug 7- French nuclear group Areva could find its investment grade credit rating under threat after warning of lower sales last week, which upset the assumptions of the only agency that rates its debt.
LONDON, Aug 7- Russian bond yields surged to multi-year highs on Thursday as food import restrictions fanned inflation fears, while the rouble hit new 4-1/ 2 month lows, leading a swathe of emerging currencies slipping against the dollar.
The problem is particularly acute in Italy, where the economy shrank again in the second quarter and where Prime Minister Matteo Renzi has led calls for greater flexibility in European budget rules to allow it to spend more.
LONDON, Aug 7- The first Russian riposte in a sanctions tussle with the West over Ukraine kept European shares and the euro under pressure on Thursday, as markets waited to hear how the European Central Bank would respond to the crisis.
*BOJ's asset purchase programme blunts JGB impact of reallocation. TOKYO, Aug 7- Japanese government bonds fell on Thursday after sources said the Government Pension Investment Fund plans to shift more of its portfolio from bonds to riskier assets such as equities.
TOKYO, Aug 7- Japanese government bond prices were mostly steady on Thursday as the Bank of Japan began its regular two-day policy meeting, at which the central bank is expected to maintain its massive asset purchases and its optimistic view on the economic outlook.
BUENOS AIRES, Aug 6- The U.S. judge in charge of Argentina's debt default case on Wednesday ordered Bank of New York Mellon to hold on to money deposited by the government rather than disburse the funds to holders of the country's restructured bonds.
NEW YORK, Aug 6- Holdout creditors are considering an offer from international banks of 80 cents on the dollar for their roughly US $1.66 bn holdings of Argentine debt, sources close to the negotiations said on Wednesday.