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NEW YORK/ BUENOS AIRES, Aug 1- Argentina's default this week did not "extinguish or reduce" the South American country's debt obligations, a U.S. judge said on Friday, and he ordered negotiations between the country and holdout investors to continue.
NEW YORK, Aug 1- The International Swaps and Derivatives Association on Friday effectively declared Argentina in default, setting in motion a process that could trigger payments worth up to USD1bn on credit default swaps.
WASHINGTON, Aug 1- Issuance of U.S. municipal bonds fell steeply in July, with sales for the first seven months of 2014 running 15.4 percent below the same period last year, according to Thomson Reuters data released on Friday. Total sales in July were $25.6 billion, 23.8 percent below June and 10 percent below the $28.4 billion sold in July 2013.
PARIS, Aug 1- Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.
NEW YORK, Aug 1- U.S. stock index futures pointed to a slightly lower open on Friday as a weak July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected. *On Thursday, Wall Street suffered its biggest one-day decline in months as data sparked worries the U.S.
NEW YORK, Aug 1- U.S. Data on Friday, however, showed that average hourly earnings- closely monitored as a potential signal of reduced slack that could prompt the Fed to raise rates- rose only one cent.
NEW YORK, Aug 1- U.S. stock index futures pared losses on Friday, after payrolls data in July fell short of expectations, giving the Federal Reserve room to keep interest rates low for a while.
US TREASURIES YIELDS FALL AFTER JULY JOBS REPORT, 10- YEAR NOTE YIELDS DROP TO 2.54 PCT.
*Tesla, GoPro both slip in premarket after results. NEW YORK, Aug 1- U.S. stock index futures were sharply lower on Friday amid investor caution ahead of the July payroll report and its implications for interest rate policy. *The decline in futures suggested that Thursday's dramatic selloff- the biggest for Wall Street in months- was poised to continue.
*Dubai World proposes to make 1st big repayment early, delay 2nd. DUBAI, Aug 1- Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals.
TOKYO, Aug 1- JGBs moved flat to slightly firmer with yields falling a little only in the mid- to 20- year sector, after stock markets slumped in the United States and Europe. The 10- year JGB futures rose 0.06 point to 145.98 while the yield on the cash 10- year bonds stood flat at 0.530 percent. The 20- year yield dipped 0.5 basis point to 1.390 percent.
BUENOS AIRES, July 31- Argentina may have defaulted on its debt for the second time in 12 years on Thursday, but the packed elegant cafes in Buenos Aires show little sign of distress and shoppers rather than protestors fill the streets.
BUENOS AIRES, July 31- Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years after the failure of last-ditch talks with holdout creditors.
RIO DE JANEIRO/ BRASILIA, July 31- Argentina's debt default threatens to worsen trade tensions in South America, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.
BUENOS AIRES, July 31- Argentine economy minister Axel Kicillof said on Thursday that the country was not in default and threatened court action if any bondholders demanded their money back. Latin America's No.3 economy failed to clinch a deal in last-minute talks with holdout creditors, leaving it unable to comply with debt payments that fell due on July 30.
As investors look to the possibility of rising official interest rates in the U.S. and Britain in the coming year their expectations are colored by nasty memories of 2013' s taper tantrum, when bumbled communications by the Federal Reserve caused Treasury yields to spike and emerging markets to suffer.
*Yield curve steepens from five-year lows. NEW YORK, July 31- Most U.S. "There is some month-end buying, both here and in Europe," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
BUENOS AIRES, July 31- Argentina's main government bond, stock market and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the failure of last-ditch talks with holdout creditors.
*Default risks turning Bulgaria into " Argentina of Europe": source. BUCHAREST, July 31- Holders of dollar-denominated bonds at Bulgaria's Corporate Commercial Bank are gearing up for legal action against the government if the bond defaults and the bank is tipped into insolvency, two sources told Reuters on Thursday.