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  • NEW YORK, Aug 3- Puerto Rico has defaulted on its debt by paying only a fraction of what was due on bonds due Aug. 1, showing the depth of the island's economic and cashflow problems and potentially opening the door to broader defaults and litigation from bondholders. The U.S. commonwealth paid only $628,000 of a $58 million payment due on its Public Finance Corp...

  • NEW YORK, Aug 3- Puerto Rico has defaulted on its debt by paying only a fraction of what was due on bonds due Aug. 1, showing the depth of the island's economic and cashflow problems and potentially opening the door to litigation. The commonwealth paid only $628,000 of a $58 million payment due on its Public Finance Corp bonds, the head of its Government Development...

  • *July PMI in China curbs risk sentiment. LONDON, Aug 3- Weak data from China helped push oil prices to their lowest in six months on Monday, knocking the Canadian dollar, and sent Asian stocks close to their 2015 lows. The S&P 500, Dow Jones Industrial and Nazdaq markets all looked set to open little changed, shrugging off the troubles of Greece whose stock market...

  • LONDON, Aug 3- The Greek stock market slumped when it reopened on Monday after being shut down for five weeks, while weak data from China helped push oil prices to their lowest in six months and Asian stocks close to their 2015 lows. Surveys showed China's factory activity contracted by the most in two years, ensuring a three-month sell-off in commodity and...

  • HONG KONG, Aug 3- An index of Asian shares outside Japan fell close to this year's lows thanks to a deepening selloff in commodities and concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. "We believe the stock market panic in early July chilled economic activity, which is what the manufacturing PMIs picked up," ING...

  • With most commodities priced in U.S. dollars, the strength of the greenback, and the slowdown in China is leading a rout in commodity markets. "If Saudi Arabia and Iraq keep running full tilt and Libya and Iran get their oil production back on track, crude prices could languish below $60 for the next three years," said Morgan Stanley analyst, Martijn Rats in a research...

  • ANALYSIS-Liquidity risks overhang high-yield ETFs Friday, 31 Jul 2015 | 4:14 PM ET

    NEW YORK, Aug 2- Shareholders in the AdvisorShares Peritus High Yield ETF who sold in late 2014 are probably not the last to pay up for liquidity risk, a growing hazard for some fixed-income investors bracing for the first Federal Reserve interest rate hike in nearly a decade. Fixed-income high yield ETFs have grown to $37 billion in assets, up from about $10...

  • LONDON, July 30- Global work by regulators on whether big asset managers should face tougher rules because of their size has been put on hold to focus on their ability to cope in volatile markets, a task force set up for the Group of 20 leading economies said on Thursday. The Financial Stability Board had proposed a method for identifying large asset managers that...

  • NEW YORK, July 29- Investors in U.S. municipal bonds are sitting on more cash than they have in years, in part because they're wary of the $3.7 trillion market at a time when interest rates are expected to rise. Between March 2014 and March 2015, cash rose by $6.2 billion to $31.9 billion, the biggest such jump in at least 10 years. "A lot of my investors who've been with me...

  • *Suggest debt-equity swap like UK's Co-op Bank. LONDON, July 24- National Bank of Greece bondholders are nervous that they will suffer heavy losses if authorities decide to siphon off all of the bank's healthy assets leaving a "bad bank" to deal with their claims, a source close to a creditor group said. The investors, who hold a significant portion of a 750 million...

  • Lightning Round: It's getting ready to be revalued Tuesday, 21 Jul 2015 | 7:00 PM ET
    Mad Money Lightning Round

    Jim Cramer provides his advice on caller favorite stocks at lightning speed.

  • Banks back rival to Bloomberg messaging system Tuesday, 21 Jul 2015 | 8:36 AM ET
    Wall Street

    A messaging service for business is being launched by some of the world's biggest banks in a bid to challenge Bloomberg's dominance of the market.

  • Fed on rate increase: Bond market? Deal with it Tuesday, 21 Jul 2015 | 7:05 AM ET
    Janet Yellen

    While Wall Street frets over the ability of bond markets to absorb a rate rise, the Federal Reserve has a message for the industry: deal with it.

  • *U.S. policymakers expect volatility, downplay concerns. NEW YORK/ WASHINGTON, July 21- While Wall Street frets over the ability of bond markets to absorb an approaching interest rate rise, the U.S. Private and public comments by Fed officials show that they do not share Wall Street's degree of concern about liquidity, and do not believe that capital rules are...

  • NEW YORK, July 20- Fund companies and brokerage firms should be able to weather a proposal by Democratic U.S. presidential candidate Hillary Clinton that would increase capital gains taxes for some investors, but some fund holders could see higher costs, managers and analysts said. Brokerage firms that rely on customer trading as a revenue source might see a "...

  • *Halliburton, Baker shares up amid decline in oil stocks. July 20- Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. "Though a relatively small market today, we see significant...

  • NEW YORK, July 15- Billionaire activist investor Carl Icahn on Wednesday lambasted BlackRock Inc, the world's largest asset manager, as an "extremely dangerous company" because of the prevalence of its exchange-traded fund products, which Icahn deems illiquid. "They sell liquidity," Icahn said in reference to BlackRock's ETF business. Icahn was speaking at the...

  • Icahn slams BlackRock for bond market volatility Wednesday, 15 Jul 2015 | 5:33 PM ET
    Carl Icahn and Larry Fink at Delivering Alpha in New York.

    BlackRock's Larry Fink and activist Carl Icahn traded jabs in a discussion about the merits of activist investing.

  • Stocks close mildly lower as Greece vote looms Wednesday, 15 Jul 2015 | 4:00 PM ET
    Traders on the floor of the New York Stock Exchange.

    U.S. stocks closed mildly lower on Wednesday as investors remained anxious ahead of an impending Greek parliament vote.

  • July 15- BlackRock Inc, the world's largest asset manager, posted a small rise in second-quarter profit as the company saw net outflows for the first time in nearly three years. Net outflows totaled $36.6 billion, with investors pulling out $7.3 billion from BlackRock's long-term funds. Ten of BlackRock's largest institutional clients have pulled $40 billion...