Argentina will default for the second time in 13 years if it cannot reach a deal with the U.S. hedge funds before July 30. Following a U.S. judge's order, Argentina can't pay investors who accepted lower-valued bonds after its record $100 billion default in 2001 unless it also pays off creditors who didn't participate in previous bond swaps.» Read More
*Transatlantic tug-of-war over derivatives continues. LONDON, June 27- The European Union said it will help build a seamless global market in financial derivatives by accepting rules used in five countries, adding the United States would get the green light too if it showed flexibility.
*Nike up in premarket after results; DuPont cuts outlook. NEW YORK, June 27- U.S. stock index futures pointed to a lower open on Wall Street Friday, with major indexes largely on track to close out a week of modest losses as investors grew cautious over the state of economic growth.
*Nike up in premarket after results; DuPont cuts outlook. NEW YORK, June 27- U.S. stock index futures fell on Friday, with major indexes largely on track to close out a week of modest losses as investors grew cautious over the state of economic growth.
June 26- A lawsuit brought by the U.S. derivatives regulator against a Chicago speed-trading firm and its prominent founder claiming they manipulated prices may go forward, a New York federal judge ruled on Thursday.
LONDON, June 26- Italy, the euro zone's biggest debtor, risks missing out on cheap foreign funding unless the Treasury can win approval to use controversial derivatives to protect itself against currency swings.
Since Detroit filed the biggest municipal bankruptcy in U.S. history last July, Syncora has objected to the city's moves nearly every step of the way- from an early agreement with investment banks over interest rate swaps to the more recent "grand bargain" designed to save the Detroit Institute of Arts.
WASHINGTON, June 25- The U.S. Securities and Exchange Commission voted on Wednesday to adopt the first of a series of crucial rules that lay out when foreign banks that deal in derivatives must comply with U.S. regulations.
*Investors watching Iraq violence; crude prices rise. *Monsanto rallies after results, General Mills lower. NEW YORK, June 25- U.S. stock index futures pointed to a lower open on Wednesday as the latest economic data came in below expectations, giving investors further reasons to take profits amid ongoing tension in Iraq.
BEIJING, June 25- China will encourage banks to sell a greater variety of foreign exchange derivatives as part of a plan to steady the floundering export sector and help companies cope with currency risks.
NEW YORK, June 24- U.S. stock index futures pointed to a flat open on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week.
NEW YORK, June 24- U.S. stock index futures fell on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week. *Equities had a quiet session on Monday, with trading volume light and moves so slight the S&P 500 had one of its narrowest intraday trading ranges ever, according to MKM Partners.
*Wisconsin Energy to buy Integrys for $9.1 bln. NEW YORK, June 23- U.S. stock index futures were little changed on Monday, after a six-day rally in the benchmark S&P 500, as upbeat manufacturing data in China was offset by soft readings on business activity in Europe.
MARSEILLE, France, June 22- Veolia Environnement, a global leader in water and waste management, has a little local difficulty: an ailing France- Corsica ferry operator that weighs on its shares, gives its CEO nightmares and puts the brakes on its strategic plans.
*Oracle slumps in premarket after results. NEW YORK, June 20- U.S. stock index futures were little changed on Friday, on the heels of a five-day rally in the S&P 500 that sent the benchmark index to its latest record high, putting it on track for its fourth weekly gain in the last five.
*Blackberry jumps in premarket after earnings. NEW YORK, June 19- U.S. stock index futures were little changed on Thursday, after four straight days of gains sent the S&P 500 to a fresh record high, ahead of data on the labor market and manufacturing.
NEW YORK, June 18- U.S. stock index futures were little changed on Wednesday, after a three-day winning streak for the S&P 500 index and ahead of a monetary policy announcement by the Federal Reserve.
WASHINGTON, June 17- The new head of the U.S. derivatives regulator on Tuesday filled a number of senior positions, picking a mix of newcomers from Capitol Hill and veterans at the agency, which helps oversee the $710 trillion swaps market.
NEW YORK, June 17- U.S. stock index futures turned negative following a set of data on Tuesday that pointed to a slow recovery in the housing sector and inflation pressures.
NEW YORK, June 17- U.S. stock index futures edged higher on Tuesday, ahead of impending data on housing and inflation, and as the Federal Reserve prepared to begin a two-day policy meeting. *The S&P 500 has advanced over the past two sessions and is down 0.7 percent from its record close on June 9 as escalating violence in Iraq has given investors reason for caution.
*Intel up on outlook, OpenTable soars on Priceline deal. NEW YORK, June 13- U.S. stock index futures pointed to a slightly lower on Friday as some positive corporate news supported markets, though ongoing violence in Iraq gave investors pause.