The dollar dropped from six-year highs against the yen on Wednesday, weighed down by a fall in U.S. Treasury debt yields.» Read More
NEW YORK, Oct 2- U.S. Treasuries posted their best day since last September 2013 on Wednesday as U.S. bond yields were dragged down by rallying German government debt, weak manufacturing data in Europe and Asia and concerns over how quickly the Ebola virus may spread. "Yesterday there was pretty strong short covering, a lot of people want to be short going into...
*US, Europe equity volatility: http://link.reuters.com/tyh69v. Investors have mostly held their nerve as headlines lurched from a new' Cold War' in eastern Europe to conflict and Western intervention in the Middle East, the threatened breakup of the United Kingdom and secessionist risks in Europe.
*Cash-strapped Spain reluctant to take on bulk of loans. MADRID, Oct 1- Foreign banks are dragging out a 2.3 billion euro rescue plan for bankrupt Spanish motorways, seeking better terms to recoup more of the money they lent the nine toll road companies, three sources said.
Construction spending dropped a seasonally adjusted 0.8 percent after a 1.2 percent increase in July, the Commerce Department reported Wednesday.
HONG KONG, Oct 1- Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said.
TOKYO, Oct 1- The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned initial public offering of state-owned Japan Post, the finance ministry said on Wednesday. Merrill Lynch and Barclays, which had been shortlisted for the IPO, were not included among those selected.
TOKYO, Oct 1- While Japanese retailers struggle to cope with the burden of a sales tax hike, discount store operator Don Quijote Holdings aims to extend its 25- year run of rising profits by taking a different approach: turning Japan into a tourist mecca.
DETROIT, Sept 30- Detroit should be able to access capital markets and borrow at a rate of around 5 percent after it exits bankruptcy, as long as its tax revenue remains stable, a city consultant said on Tuesday.
PARIS, Sept 30- With no deal in sight over pilot pay and up to 300 million euros of strike costs to absorb, Air France-KLM may need to rethink its route to viability.
Sept 30- PennTex Midstream Partners LP, a master limited partnership formed by PennTex Midstream Partners LLC, filed with U.S. regulators for an initial public offering of common units.
Sept 30- Energy logistics company PennTex Midstream Partners LP filed with U.S. regulators for an initial public offering of common units. Citigroup, Barclays, RBC Capital Markets and Tudor Pickering Holt& Co are the lead underwriters for the IPO, the company said in a prospectus filed with the U.S. Securities and Exchange Commission on Tuesday.
*Markets still keeping an eye on developments in Hong Kong. SYDNEY, Sept 30- The dollar hovered at a four-year peak against a basket of major currencies early on Tuesday, on track to post its biggest monthly gain in well over a year even as some analysts warned its three-month long rally was at risk of running out of puff.
*Allianz not planning closer Pimco oversight. FRANKFURT/ NEW YORK, Sept 29- Top executives of Pimco and its German parent, Allianz SE, scrambled on Monday to stem the outflow of money after the stunning exit of star bond manager Bill Gross last week, but even after months of internal strife Allianz said it plans to let Pimco continue to steer its own ship.
By Andy Bruce and Costas Pitas. LONDON, Sept 29- British mortgage approvals slipped a three-month low in August, according to official data, falling slightly more than expected and adding to signs the housing market has cooled in recent months.
ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.
ZURICH, Sept 29- Switzerland's UBS has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck.
Falling crude oil prices may have tempered inflation risks in India, but don't expect the country's central bank to ease monetary policy anytime soon.
Sept 26- Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.
From $1.27 on Friday, predictions by some of the currency market's top 10 banks including Goldman Sachs, Barclays and Morgan Stanley point to the first retreat for the euro to parity or near-parity with the dollar in more than a decade.
UK regulator is talking with six major banks for possible settlement on alleged foreign exchange market rigging.