Following reports that the PBoC will provide hefty liquidity injections for its banks, some analysts say something bigger is round the corner.» Read More
DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.
SINGAPORE, Aug 1- DBS Group Holdings, Singapore's biggest bank, on Friday said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans. The result meant Southeast Asia's biggest lender, which earns most of its profit from Singapore and Hong Kong, achieved a record first-half net profit of S $2.2 billion.
July 31- RadioShack Corp investor BlueCrest Capital Management is pushing the struggling electronics retailer to repay lenders who are blocking its plans to shut stores, Bloomberg reported. RadioShack said in March it would close 1,100 stores after reporting a huge drop in sales during the holidays.
July 29- RadioShack Corp may run out of cash as early as October 2015, giving the struggling electronics retailer little time to turn around its business, a Moody's Investors Service report said.
*Net income $1.06/ shr vs. est 99 cents/ shr. July 28- McGraw Hill Financial Inc reported a better-than-expected quarterly profit, driven by growth in its Standard& Poor's ratings unit due to a resurgent bond market. Revenue from the S&P business rose 11 percent to $664 million in the quarter, accounting for nearly half of McGraw Hill's total revenue.
NEW YORK, July 28- Argentina has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost. Argentina defied court-ordered demands to pay all its bondholders by a June 30 deadline, and a 30- day grace period runs out this week.
NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.
July 25- Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstrate overwhelming support for cost-saving retirement benefit changes.
*Second-qtr adjusted earnings $1.12/ shr vs est. July 25- Credit rating agency Moody's Corp reported a higher-than-expected quarterly profit as revenue rose from its bond ratings business, and the company raised its full-year revenue growth forecast.
Some of the names on the move ahead of the open.
Net income attributable to Moody's rose to $319.2 million, or $1.48 per share, in the second quarter ended June 30 from $225.5 million, or $1 per share, a year earlier.
In a regulatory filing, McGraw-Hill Financial Inc said it received a "Wells notice" on July 22 indicating the SEC is weighing filing civil charges for alleged securities law violations over S&P's ratings of six commercial mortgage-backed securities transactions issued in 2011..
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
*Russia has 10 pct of EMEA maturities of $1.17 trillion. MOSCOW, July 23- Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, which includes a peak maturity wall to overcome in 2015, a report by Moody's Investors Service said.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
A proposed merger in Malaysia will create the first Islamic bank that will have enough clout to challenge conventional, often Western, banks.
Tech shares sold off Tuesday after Fed Chief Yellen said some valuations were "stretched," but similar comments on high-yield bonds got a yawn.
NEW YORK, July 15- Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.
Rising interest rates and the creditworthiness of bond issuers are just two ways the most benign securities can pack a punch.
CHICAGO, July 11- The Illinois Supreme Court's ruling extending constitutional protection to public sector retiree health care is a negative credit factor for Illinois, Chicago and local governments seeking to alter pension benefits, Moody's Investors Service said on Friday. Illinois already has the lowest credit rating among states, with Moody's at A3.