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Corporate Bonds

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  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of U.S.

  • NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. In a defeat for the bank, clients and Argentina itself, Citigroup said it made its decision in light of...

  • UPDATE 1-Citigroup to exit Argentina custody business Tuesday, 17 Mar 2015 | 9:42 AM ET

    NEW YORK, March 17- Citigroup Inc said on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a U.S. judge refused to lift an injunction that blocked the bank from processing interest payments on $2.3 billion of Argentina bonds. District Judge Thomas Griesa in Manhattan, Citigroup said it made its decision in light of his March 12...

  • NEW YORK, March 16- A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said...

  • BUENOS AIRES, March 13- Argentina on Friday demanded banks operating in the country process bond interest payments despite a U.S. court ruling that prohibited Citigroup Inc from distributing coupon payments on the country's local law bonds. Citigroup is one of several international financial institutions caught up in Argentina's lengthy legal feud with...

  • NEW YORK, March 13- A U.S. housing regulator is set to take two of the world's biggest banks to trial on Monday to try and recoup more than $1 billion in damages over mortgage bonds sold to government-run mortgage finance companies ahead of the 2008 economic crisis. Lawyers for the regulator will face off with attorneys of Nomura Holdings Inc and Royal Bank of...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it attempts to re-enter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • NEW YORK, March 12- A federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it tries to reenter international debt markets. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called...

  • HONG KONG, March 11- Some of developer Kaisa Group's bondholders are pushing for better debt restructuring terms, such as a guarantee for their bonds from Sunac China which has proposed a takeover of its rival, sources familiar with the matter said. This week, Kaisa unveiled a plan for $2.5 billion of its offshore and convertible debt, under which the maturity on...

  • Energy's struggles are far from over: Analyst Tuesday, 10 Mar 2015 | 3:52 PM ET
    A floor hand for Raven Drilling works on an oil rig, drilling into the Bakken shale formation outside Watford City, N.D.

    Falling oil stocks and distressed oil company bonds point to the sector's struggles continuing, a credit analyst said.

  • "That relative value trade is what is driving the market, more than anything else," said Larry Milstein, head of U.S. government and agency trading at R.W. Pressprich& Co. in New York. Germany's 10- year bund fell to a record low of 0.23 percent on Tuesday, the second day of European Central Bank purchases under a 1 trillion-euro program meant to revive inflation and...

  • Citi: Here's why these shares could surge 70% Tuesday, 10 Mar 2015 | 8:26 AM ET
    A trader at the Frankfurt Stock Exchange

    The European economy may appear mired in low growth and low-flation, but shares there may surge as much as 70 percent by end-2016, Citigroup said.

  • HONG KONG, March 9- Chinese property developer Kaisa Group Ltd has proposed cutting the interest and extending the maturities of its offshore bonds in a critical debt restructuring plan it needs to get creditors to agree to or risk defaulting on payments. Kaisa, mired in crisis after the local government in its home base of Shenzhen blocked sales at some of its...

  • Warren Buffett

    Where Buffett goes, others tend to follow, and bankers predict more U.S. firms will issue bonds in Europe after Berkshire Hathaway's euro bond debut.

  • Issuers who aren't from China or Hong Kong account for about 70 percent of offshore yuan bonds and certificate of deposits in the primary market so far this year, Thomson Reuters data shows. Other foreign entities tapping the fledgling dim sum market in the past two months are Australia's Westpac Banking Corp, France's Air Liquide Finance, Germany's KfW...

  • Buffett's Berkshire Hathaway plans debut euro bond Wednesday, 4 Mar 2015 | 12:14 PM ET
    Warren Buffett

    U.S. conglomerate Berkshire Hathaway has mandated banks for a potential debut euro-denominated bond deal.

  • NEW YORK, March 3- A U.S. judge on Tuesday said he would not yet rule on whether Citigroup Inc can process interest payments by Argentina on bonds issued under its local laws following the country's 2002 default. District Judge Thomas Griesa told the lawyers for Citigroup and holdout investors in a hearing in New York that he would not issue a decision on Tuesday...

  • Corporate bond bubble fears are overdone: Analyst Tuesday, 3 Mar 2015 | 3:56 PM ET
    Bond traders

    Brandywine Global's Stephen Smith doesn't see a corporate bond bubble despite huge issuance and growing concern.