Aug 20- Brazil's BM&FBovespa SA stock exchange said Wednesday night that it had agreed to join a tax amnesty program to partially pay down a debt with the Revenue Service related to the company's 2007 initial public share offering.» Read More
WASHINGTON, Feb 26- The $3.7 trillion U.S. municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying. Most notably, the three rating agencies cut Puerto Rico's credit score to junk earlier this month.
Feb 26- Credit rating agency Moody's Corp warned that mortgage servicers such as Ocwen Financial Corp could be pushed into subprime lending as their core business comes under increased regulatory scrutiny.
Last week it listed the first Exchange Traded Fund, or ETF, outside China that tracks the onshore bond market. Otherwise, the HKEx stands to lose ground as China moves towards its goal of full convertibility of the yuan, which would allow foreign investors to trade on mainland exchanges in Shanghai and Shenzhen, unfettered by quotas or other constraints.
CARACAS, Feb 24- Venezuela's top economy official vowed on Monday that a new currency exchange platform would undermine the spiraling black market for U.S. dollars by adding a market-based mechanism to existing currency controls.
Feb 24- Detroit's plan to deal with its $18 billion of debt and emerge from municipal bankruptcy would set a troubling precedent for the U.S. municipal bond market, Fitch Ratings said on Monday. "Fitch considers Detroit's plan of adjustment to be hostile to GO bondholders," the rating agency said in a statement.
Feb 24- Oracle Corp said it would buy online data management startup BlueKai to bolster its marketing platform. However, Business Insider reported last week that Oracle was looking to buy BlueKai for about $400 million. Oracle's shares closed at $38.10 on Friday on the New York Stock Exchange.
Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.
Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.
CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.
After suffering steep losses in one fund, the Yucaipa Companies, the money management firm run by the billionaire Ronald W. Burkle, has cut fees for investors in the portfolio, The New York Times reports.
Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.
Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.
The U.S. must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.