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  • NEW YORK, Nov 7- Argentina, already in default, could see its financial troubles worsen as creditors holding billions of dollars in debt prepare to demand immediate payment, new court filings in New York show. District Judge Thomas Griesa granted to U.S. hedge funds that spurned Argentina's debt restructurings in 2005 and 2010, and then sued for full repayment of...

  • TIMELINE-A history of Detroit's fiscal problems Friday, 7 Nov 2014 | 6:02 PM ET

    Nov 7- A U.S. judge on Friday confirmed Detroit's plan to exit the largest-ever municipal bankruptcy. -Detroit's descent into fiscal insolvency can be traced back to the waning days of long-time Mayor Coleman Young's administration, when the city was already deep in debt and struggling with a budget deficit. Both Young and the Michigan state treasurer raised...

  • Making junk-rated loans to companies that are often owned by private equity firms is a lucrative, high-margin business for major Wall Street banks. Leveraged loans accounted for $254.7 billion, or 74.7 percent, of criticized assets in the 2014 review, compared with $227 billion, or 75 percent, of criticized assets in 2013, the Federal Reserve, the Federal...

  • NEW YORK, Nov 7- The U.S. Treasuries were on track for their best day since Oct. 15, when massive purchases of Treasuries by traders exiting short positions sent benchmark yields below 2 percent to 16- month lows. Market chatter that surfaced on Thursday that payroll gains might hit the 300,000 mark were dashed after the Labor Department reported a 214,000 job...

  • NEW YORK, Nov 7- Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by June 2015, a Reuters poll found, and economists also said the market was underestimating how aggressively the U.S. central bank will tighten policy. Fourteen of 19 primary dealers, or the banks that deal directly with the Fed, said they expect the first...

  • NEW YORK, Nov 7- Pacific Investment Management Co has created a 225 million-euro award program to retain top talent after the surprise departure of co-founder and Chief Investment Officer Bill Gross, Allianz SE said on Friday. The bonus is expected to cost an average of 33 million euros before taxes for each of the next five quarters and 10 million euros for each...

  • NEW YORK, Nov 7- Argentina, already in default on large amounts of debt, could see its financial troubles worsen as 52 creditors holding more than $4.4 billion in defaulted debt prepare to demand immediate payment, new court filings in New York show. In a letter to Griesa filed late Thursday, Carmine Boccuzzi, a lawyer for Argentina, argued many of the plaintiffs are...

  • Nov 7- U.S. regulators plan to allow investment management firm Eaton Vance Corp to launch a new breed of actively managed exchange-traded funds that can keep their holdings secret for months at a time, boosting Eaton Vance shares by 22 percent on Friday. In a notice published late Thursday night, the U.S. Securities and Exchange Commission said it intends to...

  • NEW YORK, Nov 7- The Vanguard Group was the latest U.S. asset manager to post record monthly inflows into its bond funds for October, benefiting from an exit of funds from rival Pacific Investment Management Co. after the departure of its co-founder Bill Gross. BlackRock Inc's bond funds posted record monthly inflows of $5.2 billion in October, the most investors...

  • NEW YORK, Nov 7- U.S. Those expectations were dashed after the Labor Department reported a 214,000 job increase last month, below the 231,000 increase forecast by economists polled by Reuters. These soft spots in the latest jobs report, underpinned by expectations of further policy easing from the European Central Bank and the Bank of Japan to help their...

  • LAGOS, Nov 7- Nigeria's central bank has vowed to defend the naira, despite a drop in oil prices which has unnerved foreign investors and sent its stock and bond markets into a tailspin, Deputy Governor Sarah Alade told Reuters on Friday. The currency closed at 165.90 naira following the central bank's intervention, after weakening to 173.05 naira intraday...

  • NEW YORK, Nov 7- U.S. Treasuries yields came off one-month peaks posted shortly before the release of the government's jobs report as Wall Street opened lower, spurring demand for U.S. government debt. The U.S. Labor Department said employers added 214,000 jobs last month, below the 231,000 increase forecast by economists polled by Reuters.

  • *Dow, S&P 500 coming off record closing highs. NEW YORK, Nov 7- U.S. stock index futures pointed to slight gains at the open on Friday as the October payroll report showed jobs growth continued apace while the unemployment rate fell to a six-year low. I suppose there could be a short-term negative impact to this, since it was below expectations, but I don't see it has...

  • US STOCKS-Futures flat ahead of payroll report Friday, 7 Nov 2014 | 7:05 AM ET

    *Dow, S&P 500 coming off record closing highs. NEW YORK, Nov 7- U.S. stock index futures were little changed on Friday, with investors holding off on making bets ahead of a key jobs report that could indicate whether the market's record levels are justified by the economy's fundamentals. The nonfarm payroll report will be released at 8:30 a.m..

  • JGBs ease as Treasuries slip before US payrolls test Thursday, 6 Nov 2014 | 9:20 PM ET

    TOKYO, Nov 7- Japanese government bond prices slipped on Friday, moving in sympathy with an overnight retreat by Treasuries ahead of a closely-watched U.S. nonfarm payrolls release later in the session. Liquidity-enhancing sales of 20- year to 40- year JGBs conducted by the Ministry of Finance also weighed on the longer-dated maturities.

  • Paul Glassman, San Bernardino's bankruptcy attorney, told the federal judge overseeing the city's bankruptcy that a rejection by voters on Tuesday of a pay-cutting ballot measure for police and firefighters was a "gamechanger" that had thrown the restructuring plan off track. Lawyers for San Bernardino's police and fire unions reacted with dismay and anger...

  • -Lipper@ NEW YORK, Nov 6- Investors in U.S.-based funds added a net $15.4 billion to stock funds in the week ended Nov. 5, data from Thomson Reuters Lipper service showed on Thursday. The ETF inflows were "mostly due to institutional investors hedging some of their short positions that they may have made," said Barry Fennell, a senior analyst with Lipper.

  • Mortgage-backed securities back in vogue? Thursday, 6 Nov 2014 | 5:49 PM ET

    The collapse of mortgage-backed securities drove the financial crisis, but many fund managers are snapping up the precrisis offerings.

  • NEW YORK, Nov 6- The euro stumbled to a two-year low and European government bond yields dipped on Thursday after European Central Bank chief Mario Draghi reiterated plans to revive the struggling euro zone economy by increasing the ECB's balance sheet. Markets had been unsettled leading up to the European Central Bank's monthly policy meeting after Reuters...

  • NEW YORK, Nov 6- U.S. Treasury debt yields rose on Thursday on a pledge from the European Central Bank to take further steps to stimulate the euro zone economy and a hefty supply of higher-yielding corporate supply in advance of Friday's U.S. payrolls report. Benchmark 10- year Treasury note yields earlier approached the 3-1/ 2- week high set on Monday after ECB...