BOSTON, Dec 11- Capital gains pain has arrived for U.S. mutual fund investors. Fidelity's $16 billion Magellan Fund, for example, plans to distribute capital gains of $5.52 a share in 2013. That is up from just 2 cents a share in 2012, according to fund disclosures.» Read More
LONDON, Sept 4- Britain's banks have started paying compensation to companies for mis-sold interest rate swaps and could face a bill of billions of pounds.
*Banks so far paid out 500,000 on swaps compensation. LONDON, Sept 4- Britain's banks have paid out 500,000 pounds of the 3 billion pounds they have set aside to compensate small firms mis-sold complex interest rate hedging products, the Financial Conduct Authority said on Wednesday.
TOKYO, Sept 4- Japanese government bond prices opened slightly higher on Wednesday, shrugging off a rise in U.S. Treasury yields overnight, with the focus shifting to the Bank of Japan's policy-setting meeting. JGB futures rose to as high as 144.17 when an earthquake hit Tokyo around 0020 GMT.
DETROIT, Sept 3- Detroit had no choice but to strike a deal with holders of interest-rate swaps contracts as the city scrambled to guarantee access to cash in the days before its bankruptcy filing, according to depositions by the city's emergency manager and a key financial adviser.
Sept 3- A flurry of bullish bets on Nokia just before markets closed on Friday are in line to pay off handsomely as a result of Microsoft's move to buy the Finnish company's handset business, and has once again raised questions about suspicious timing of such trades.
*Worries over possible military action in Syria ease, pare safe-haven bids. President Barack Obama said he would ask for congressional backing for a military strike against Syria. "The Syria issue had put a floor on bond prices last week.
WASHINGTON, Sept 3- Britain's ICAP Plc said on Tuesday it planned to set up a trading platform for swaps, satisfying a requirement from regulators who are rewriting the rules for the derivatives that helped cause the 2007-09 credit crisis.
*Worries over strike against Syria ease, pare safe-haven bids. President Barack Obama said he would ask for congressional backing for a military strike against Syria. "The Syria issue had put a floor on bond prices last week.
*Worries over strike against Syria ease, pare safe-haven bids. President Barack Obama said he would ask for congressional backing for a military strike against Syria. Traders had braced for a U.S.-led strike against Syria this weekend following chemical weapons attacks that U.S. officials say killed 1,429 civilians.
*ECB overshadowed by Sept. 17-18 Fed meeting. FRANKFURT, Sept 3- European Central Bank chief Mario Draghi will battle to talk down market interest rates on Thursday but a fledgling euro zone recovery and a looming U.S. "I don't think they'll be discussing a rate cut," said Andrew Bosomworth, a senior portfolio manager at Pimco, the world's largest bond fund.
TOKYO, Sept 2- Japan's total bond issuance looks set to hit a record high in the fiscal year starting April 2014 as refinancing of maturing debt would soar even as the country is expected to budget reduced borrowing for the year's spending.
TOKYO, Sept 2- Japanese government bond prices opened slightly lower on Monday, weighed down by improved capital spending data and caution ahead of Tuesday's monthly 10- year JGB auction. Judging from the current trading level of the new issue, the Ministry of Finance is expected to set the coupon of the new issue at 0.8 percent, unchanged from last month.
Treasuries ended Friday little changed on weaker-than-expected economic data, with the possibility of a military strike against Syria adding to jitters ahead of a holiday-lengthened weekend.
*America Movil won't raise KPN offer- spokesman. *Foundation said would move to block America Movil bid. BRUSSELS/ MEXICO CITY, Aug 30- America Movil threatened to abandon its bid for Dutch telecom KPN on Friday, saying it has no plans to raise the 7.2 billion euro offer, after a foundation representing KPN told the Mexican firm to improve its proposal or face a veto.
Treasuries rose on Friday on weaker than expected economic data, with the possibility of a military strike against Syria adding to a safety bid ahead of a holiday-lengthened weekend.
WASHINGTON, Aug 30- Sales of U.S. municipal bonds saw their weakest August in more than a decade, as cities, states and authorities brought $20.57 billion of debt to market, according to preliminary Thomson Reuters estimates released on Friday.
*America Movil ready to cancel bid if foundation maintains stance. *Foundation said would move to block America Movil bid, wants "fair bid". BRUSSELS, Aug 30- America Movil threatened to abandon its 7.2 billion euro bid for Dutch telecommunications group KPN after a company foundation told the Mexican firm to make a higher offer or it would veto the bid.
Underlying concern about a possible military strike against Syria made investors wary of being short safe-haven U.S. debt, particularly over a long weekend, traders said. There's position squaring and concerns over potential involvement in Syria.
NEW YORK, Aug 30- It's taken nearly five-years, but one of the most persistent bond market dislocations left behind by the financial crisis has finally dissipated, likely signalling that the days of super-cheap corporate borrowing costs are numbered.
NEW YORK, Aug 30- U.S. stock index futures advanced on Friday, as the likelihood of an impending Western military strike on Syria appeared to lessen ahead of a flurry of economic data.