It was a year when Cynk Technology, a development-stage company with no revenue, was briefly worth $6 billion, and when a long-forgotten closed-end fund focused on Cuba- the Herzfeld Caribbean Basin Fund- saw more trading in one day in December than it had in six years. With a current market value of about $663 billion, if one were to pick a company that would be the...» Read More
*China services sector growth at nine-year low. NEW YORK, Aug 5- U.S. stock index futures dipped on Tuesday after China's economic recovery was put in doubt as growth in its services sector slowed in July to its lowest level in nearly nine years.
*Bond ladders spiced with foreign sovereigns prove a hit. TOKYO, Aug 5- Japanese fund managers spiced up a simple investment product known as bond ladders with high-grade foreign sovereign debt and created an instant hit with domestic banks and credit unions.
NEW YORK, Aug 4- Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.
TOKYO, Aug 5- Japanese government bond prices were narrowly mixed on Tuesday, ahead of a 10- year bond auction later in the day, though demand is expected to be firm as the Bank of Japan has already soaked up a huge amount of that issue. The Ministry of Finance will issue 2.4 trillion yen of 10- year bonds by reopening the current issue with a 0.6 percent coupon.
NEW YORK, Aug 4- The Pimco Total Return Fund, the world's largest bond fund, had net outflows of $830 million in July, marking its 15th straight month of outflows, according to Morningstar data on Monday. The fund, run by Bill Gross, has had about $65 billion in outflows since May 2013, the data showed.
NEW YORK, Aug 4- Bond prices rallied and European bank stocks rose on Monday after Portugal devised a plan to prevent the collapse of one of its biggest lenders.
*Jobs data soothes inflation worries. NEW YORK, Aug 4- U.S. On Monday, prices rose for both intermediate and long maturities, with 3- year to 7- year maturities at center stage, according to Jake Lowery, portfolio manager at Voya Investment Management in Atlanta.
ATHENS, Aug 4- Incoming European Commission President Jean-Claude Juncker played down on Monday the option of an outright writing off of part of the euro zone loans to Greece to make the country's debt more manageable.
LONDON, Aug 4- European stocks rose on Monday and bond yields fell on a banking sector rebound after Portugal prevented the collapse of one of its biggest lenders and shares in the continent's largest bank jumped in the wake of its latest earnings report.
TOKYO, Aug 4- Japanese government bond prices were mostly steady on Monday, underpinned after U.S. Treasuries gained on weaker-than-expected non-farm payrolls data. Market wariness over further gains in JGBs, with prices already at high levels, in addition to caution towards a 10- year debt auction on Tuesday, hemmed bonds in a narrow range.
NEW YORK, Aug 1- Jeffrey Gundlach's DoubleLine Funds had net inflows of $603 million in July, with its flagship DoubleLine Total Return Bond Fund attracting net inflows of $375 million.
NEW YORK/ BUENOS AIRES, Aug 1- Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was declared a "credit event."
After 1 p.m. EDT, more than 700,000 put options contracts were traded across a number of different stocks, including Priceline, Chipotle Mexican Grill and others, most of which expire at the end of Friday's trading, according to Henry Schwartz, president of Trade Alert LLC.
Aug 1- Thousands of bearish options contracts expiring at the end of Friday's session were purchased across multiple stocks Friday afternoon, including Priceline, Chipotle Mexican Grill and others, in a move that traders said "make no sense."
NEW YORK, Aug 1- The International Swaps and Derivatives Association on Friday declared Argentina in default, which could trigger payments worth up to USD1bn on credit default swaps.
NEW YORK, Aug 1- Argentina's lead lawyer told the U.S. judge overseeing its debt dispute with creditors on Friday the government has no confidence in the court-appointed mediator Daniel Pollack after the failure to settle led to a default on sovereign bonds.
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.