Ultra-low rates have spurred investors to chase yield in ever riskier corners of the bond market, but some are starting to pull out of the race.» Read More
Aug 1- LinkedIn Corp's booming hiring business and rapid international expansion will be the main growth drivers for the next few quarters, analysts said after the corporate networking site's revenue and profit forecast smashed expectations.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
*Nonfarm payrolls forecast rising 233,000 in July. WASHINGTON, Aug 1- U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground. "As long as we have job growth going in the right direction and the labor market tightening up, we are still in a good place," said Robert Dye, chief economist at Comerica in Dallas.
BUENOS AIRES, July 31- Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years after the failure of last-ditch talks with holdout creditors.
*Yield curve steepens from five-year lows. NEW YORK, July 31- Most U.S. "There is some month-end buying, both here and in Europe," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
BUENOS AIRES, July 31- Argentina's main government bond, stock market and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the failure of last-ditch talks with holdout creditors.
ZURICH, July 31- Family-owned Swiss private bank Rothschild Bank AG won't pay its owners, the descendants of the bank's famous founding family, a dividend this year, after it swung to a loss following a decision to cooperate with a U.S. tax evasion crackdown.
*Wall St tumbles with Dow, S&P turning negative for July. NEW YORK, July 31- Doubts on whether stock markets can ride out a tightening of U.S. monetary policy dominated trade on Thursday, sending major U.S. stock indexes down more than 1 percent, while the dollar edged higher against a basket of major currencies.
*Yield curve steepens from five-year lows. NEW YORK, July 31- U.S. "There is some month-end buying, both here and in Europe," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".
*Yield curve steepens from five-year lows. NEW YORK, July 31- U.S. "Starting with GDP yesterday, it certainly set things off," said Ira Jersey, an interest rate strategist at Credit Suisse in New York.
SINGAPORE, July 31- Singapore risks tarnishing its business-friendly reputation by implementing new labour laws that require companies to prioritise hiring locals over foreigners for middle income jobs, analysts say.
*IRS auditing thousands of U.S. citizens in Israel. TEL AVIV, July 31- It was called the " Israel Project", an operation by the U.S. Internal Revenue Service that has uncovered false claims for child tax credits involving an estimated tens of millions of dollars filed by U.S. citizens living in Israel.
ZURICH, July 31- Swiss bank Credit Suisse on Thursday became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
India stocks are headed for a correction in the near term, emerging markets guru Mark Mobius said, as the pace of reforms is likely to disappoint.
Salmaan Siddiqui, who pleaded guilty in 2012 to one conspiracy count and agreed to cooperate with the government, was ordered to forfeit $150,000 by U.S. District Judge Paul Crotty in New York but did not receive any prison term. The two men had worked for Kareem Serageldin, once Credit Suisse's global head of structured credit.
LONDON, July 30- Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tightens its regulatory clampdown on wrongdoing in the financial sector.
Mirror, mirror on the wall, who's the fairest financier of them all? An analysis of one dating app's data breaks it down.
BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.