July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.» Read More
LONDON, March 21- Nasdaq OMX's new London- based derivatives exchange has achieved 10 percent market share in one of its contracts, a level of liquidity that will draw more market participants to connect, its chief executive said.
March 21- Pacific Investment Management Co on Friday launched the Pimco Global Income Opportunities Fund, one of the largest closed-end funds to list on the Toronto Stock Exchange, according to a statement by the firm.
*Ghana also put hold on planned 2014 $1 bln Eurobond. ACCRA, March 21- Ghana has cancelled plans to issue a 5- year domestic bond worth 300 million cedis this month, the central bank said on Friday, a move analysts said was to avoid a further spike in already high yields. Abalo said Ghana's finance ministry had made the decision not to go ahead with the auction.
MOSCOW, March 21- Finance Minister Anton Siluanov said on Friday that Russia may cancel its foreign borrowing plans for 2014 and reduce issuance of domestic debt if the country's borrowing costs rise. Western sanctions imposed on Russia over its annexation of Ukraine's Crimea region could make borrowing more expensive and push up bond yields, he said.
*Fed to buy $1 bln- $1.25 bln bonds due 2036-2044. Louis Fed President James Bullard, Dallas Fed President Richard Fisher, Minneapolis Fed President Narayana Kocherlakota and Fed Governor Jeremy Stein.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures pointed to a slightly higher open on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
*Launch of two palladium ETFs in South Africa lifts metal. LONDON, March 21- The price of autocatalyst metal palladium hit its highest since August 2011 on Friday as a miners' strike in South Africa ground on and concerns grew that the standoff between major producer Russia and the West over Ukraine could escalate.
*Nike shares fall in premarket after outlook. NEW YORK, March 21- U.S. stock index futures edged higher on Friday, with major indexes on track for a week of strong gains, though geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
Muni investors are still worried about the outcomes of the financial struggles of Detroit and Puerto Rico. Reuters asked a number of 2014 U.S. Lipper Fund Awards' winners for answers.
NEW YORK, March 20- Yields on U.S. 2- year Treasuries hovered near their highest in six months on Thursday, a day after Federal Reserve Chair Janet Yellen signaled the central bank might raise U.S. interest rates sooner than expected.
CHICAGO, March 20- For active income investors, the next year or so will be a trying time of tough love. On Wednesday, Federal Reserve Chairman Janet Yellen signaled that interest rates may rise as early as next spring, and the market reacted with force, continuing a pullback that began nearly a year ago.
NEW YORK, March 20- The dollar rose to a three-week high against other major currencies on Thursday after Federal Reserve Chair Janet Yellen surprised world markets by signalling that increases in U.S. interest rates were not as far away as most had thought.
NEW YORK, March 20- The dollar powered higher against other major currencies on Thursday after Federal Reserve Chair Janet Yellen surprised world markets by signalling that increases in U.S. interest rates were not as far away as most had thought.
NEW YORK, March 20- U.S. Treasuries prices were roughly unchanged on Thursday a day after Federal Reserve Chair Janet Yellen spooked traders by signaling the U.S. central bank's policy-makers may start raising interest rates sooner than expected.
*Ukraine in view as Russia seizes naval bases. *Lennar Corp, Jabil Circuit both rise after results. NEW YORK, March 20- U.S. stock index futures pointed to a modestly lower open on Thursday as investors continued to digest comments from Federal Reserve Chair Janet Yellen, who raised the specter of an earlier-than-expected rate hike.
*China's yuan deepens slide, hits one-year low. LONDON, March 20- The dollar powered higher against its major currency peers on Thursday after a surprise message from Federal Reserve head Janet Yellen that rises in U.S. interest rates were not as far away as most had thought.
LONDON, March 20- Britain's financial watchdog said on Thursday it had fined former Credit Suisse bond trader Mark Stevenson 662,700 pounds, in its first enforcement action for manipulating the 7.2 trillion pound UK government bond market.
*Ukraine in view as Russia seizes naval bases. NEW YORK, March 20- U.S. stock index futures were lower on Thursday as investors continued to digest recent comments from Federal Reserve Chair Janet Yellen, who raised the specter of an earlier-than-expected rate hike.
CAIRO/ DUBAI, March 20- After Egypt's new finance minister took office last month, one of his first acts was to downgrade the government's assessment of its finances. He was acknowledging what may become the biggest threat to Egypt's economic recovery after years of political turmoil: a rising public debt burden.
MOSCOW, March 20- Russian Finance Minister Anton Siluanov said on Thursday he saw no need for the early repayment of Eurobonds bought from Ukraine. "There are no grounds for early repayment," he told journalists at a local business conference. Anyway Ukraine is working on a programme with the International Monetary Fund... and we hope they will have the resources. "