CHICAGO, March 6- Moody's Investors Service on Friday dropped the credit rating for the Chicago Board of Education to Baa3, just one notch above the junk level, due to pension pressures affecting the school system and the city of Chicago. The two-notch downgrade, affecting $6.3 billion of the school district's general obligation bonds, came a week after Moody's...» Read More
MOSCOW, Sept 9- Russian gas producer Gazprom plans to start investor meetings at the end of September to test the market for a possible Eurobond issue, two banking sources said on Tuesday. The sources told Reuters that Gazprom planned to start meeting investors from Sept. 23. Gazprom is not under any Western sanctions over Russia's role in Ukraine.
*Euro STOXX 50 down 0.3 pct, FTSEurofirst 300 flat. The euro zone blue-chip Euro STOXX 50 index fell 0.3 percent to 3,259.47 points. "As the bond markets all gently back up in yield, the equities look round wondering where the prop was that they were resting on," Andy Ash, head of sales at Monument Securities, said.
LONDON, Sept 9- Emerging stocks hit one-week lows on Tuesday and most currencies fell versus the robust dollar as investors re-assessed the likely timing of a U.S. interest rate hike, but a delay in EU sanctions fueled a rebound in Russian assets.
TOKYO, Sept 9- JGB prices dipped on Tuesday with an auction of 30- year bonds drawing tepid demand, as yen weakness and a rise in Japanese shares sapped demand for low-yielding JGBs. Many domestic real money accounts took a wait-and-see stance, as the dollar soared to a 6- year high of 106.16 yen, sending Japanese stock prices higher.
WASHINGTON, Sept 8- The top U.S. derivatives regulator has referred evidence of potential criminal manipulation of a key benchmark known as "ISDAfix" to the Justice Department for possible prosecution, Bloomberg reported on Monday.
NEW YORK, Sept 8- Benchmark U.S. "This is a Fed district that is very dovish, so it did catch the market's attention," said Wilmer Stith, fixed income portfolio manager for Wilmington Trust in Baltimore, Maryland, in reference to the San Francisco Fed.
Sept 8- Hundreds of hedge funds, mutual funds and other institutional investors lined up on Monday to hear Alibaba Group Holding Ltd's management pitch the company's shares, as the Chinese e-commerce giant kicked off a two-week IPO marketing blitz.
NEW YORK, Sept 8- Shares of China- based Vimicro International Corp are up more than 14 percent amid a spike in bullish call buying on Monday. Options volume on Vimicro is up to nearly 42 times the normal level, with 2,551 calls and 37 puts traded, according to data from options analytics firm Trade Alert.
*Confidence wanes over Ukraine ceasefire. The ceasefire, which took effect on Friday evening, was largely holding on Monday in eastern Ukraine, but comments from Ukrainian President Petro Poroshenko vowing to defend the eastern port of Mariupol kindled traders' skepticism.
NEW YORK, Sept 8- U.S. stock index futures are indicating slight losses at the open on Monday, though major indexes remain near record levels and the equity market's recent momentum appears intact. Among the biggest movers on Monday is Hertz Global Holdings Inc, up 5.2 percent to $29.95 after it said its chief executive had stepped down for personal reasons.
NEW YORK, Sept 8- U.S. stock index futures are modestly lower on Monday, but indexes remain near record levels, suggesting an upward momentum for equities that Morgan Stanley expects to continue. From current levels, Morgan Stanley's new target represents upside of 5.8 percent.
NEW YORK, Sept 8- U.S. stock index futures are slightly lower on Monday, with investors finding few reasons to extend a long-running rally that has taken indexes to repeated records amid overseas concerns and few domestic catalysts.
HOUSTON, Sept 8- In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value.
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