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  • NEW YORK, Dec 21- Lower tax revenues because of job losses in energy and related sectors due to the collapse in oil prices will hit the budgets of oil-producing states through the remainder of this fiscal year and next, Moody's Investors Service said on Monday. Moody's analysts expect to see a similar dynamic to Oklahoma in Alaska, Louisiana, New Mexico, North...

  • minister switch@ SAO PAULO, Dec 21- Most Latin American currencies inched up on Monday on hopes of economic reform in China, but the Brazilian real weakened after the appointment of a leftist economist as finance minister raised concerns of fiscal laxness. The Brazilian real underperformed, weakening 0.6 percent after President Dilma Rousseff named Nelson...

  • *Fitch cuts Brazil to BB+ amid economic, political crisis. BRASILIA, Dec 16- Brazil lost its coveted investment-grade rating on Wednesday after Fitch became the second credit agency to downgrade the country's debt to junk status, citing concerns about an economic and political crisis threatening to topple President Dilma Rousseff. Investors barred from...

  • BRASILIA, Dec 16- Fitch Ratings cut Brazil's credit rating to junk grade on Wednesday, the second such downgrade in three months, citing a deepening recession and political risks associated with the impeachment proceedings against President Dilma Rousseff. Standard& Poor's cut Brazil's rating to junk in September and Moody's Investors Service put the...

  • Futures way up ahead of expected Fed hike Wednesday, 16 Dec 2015 | 7:08 AM ET

    U.S. stock futures were sharply higher this morning, ahead of what's expected to be the first Fed interest rate hike since June 2006.

  • JOHANNESBURG, Dec 16- South Africa's Treasury said on Wednesday it was addressing concerns about the rising risk of fiscal slippage raised by ratings agency Moody's, pledging to focus on debt stabilisation in the medium term. Moody's Investors Service cut its outlook on South Africa to "negative" from "stable" late on Tuesday, citing structural challenges in the...

  • JOHANNESBURG, Dec 16- South Africa's Treasury said on Wednesday concern from ratings agency Moody's of rising risk of fiscal slippage are being addressed and the government will focus on fiscal consolidation and debt stabilisation in the medium term.

  • SAO PAULO, Dec 14- Latin American currencies mostly weakened on Monday as a drop in oil prices to financial crisis-era lows dampened appetite for risky assets ahead of a widely anticipated U.S. Brazil's currency and stocks also slipped after demonstrations demanding President Dilma Rousseff's ouster on Sunday yielded a smaller attendance than earlier...

  • Fosun founder Guo assisting authorities with probe Saturday, 12 Dec 2015 | 4:56 AM ET
    Guo Guangchang, Chairman of Fosun International.

    One of China's best-known entrepreneurs is assisting authorities with an investigation, after an earlier report said the group lost contact with him.

  • *Fosun International's chairman assisting with probe. *Fosun's U.S.-traded OTC stock fell 6.6 pct on Thursday. HONG KONG, Dec 11- Fosun International said on Friday its Chairman Guo Guangchang, one of China's best-known entrepreneurs, is assisting authorities with an investigation, after an earlier report said the group lost contact with its billionaire...

  • CHICAGO, Dec 10- Illinois added another $6.4 billion to its already large unfunded pension liability in fiscal 2015, pushing the total to $111 billion, according to a state legislative report on Thursday. Analysts at the legislature's Commission on Government Forecasting and Accountability said changes in some actuarial assumptions at two of the five...

  • Dec 10- Moody's Investors Service raised it outlook on Cuba's Caa2 debt rating to "positive" from "stable" on Thursday, citing lessened dependence on Venezuela since 2014 and the likelihood that U.S. economic sanctions will be eased further.

  • concern@ SAO PAULO, Dec 10- Latin American currencies were mostly steady on Thursday ahead of a U.S. Federal Reserve policy meeting next week, while Brazilian stocks slipped on concern Moody's Investors Service will cut the country's debt ratings to junk. "The event of losing two investment grade ratings is widely anticipated as political crisis and...

  • SAO PAULO, Dec 9- Moody's Investors Service is studying Brazil's credit rating for a possible downgrade to junk status due to a deteriorating economy, widening fiscal deficit and increasing risks of political paralysis, the ratings agency said on Wednesday. Economic data last week showed Brazil's economy contracted 4.5 percent in the third quarter from a...

  • SAN JUAN/ NEW YORK, Dec 6- Puerto Rico may have dodged a bullet when it avoided default last week, but its decision to commandeer revenue that was supposed to meet future debt payments will invite creditor pushback and possibly lawsuits. Creditors have long criticized Puerto Rico's spending habits, and may have the ammunition to bring those complaints to court...

  • SAO PAULO, Dec 4- The Colombian peso underperformed mostly flat Latin American currencies, tracking a decline in oil prices after news that OPEC was planning to maintain its production near record highs. The group decided to increase its collective output ceiling to 31.5 million barrels per day from the previous 30 million, two OPEC sources told Reuters,...

  • On Tuesday Puerto Rico narrowly missed a formal default on $355 million worth of debt issued by its Government Development Bank by utilizing a "claw back" provision on revenues pledged to pay certain other bonds. Governor Alejandro Garcia Padilla said in testimony before a U.S. Senate Judiciary Committee on Tuesday that an imminent default "looms large."

  • This report could give Fed go-ahead for rate hike Wednesday, 2 Dec 2015 | 8:15 AM ET
    An employee secures customers' orders with bubble wrap before they are shipped at the Amazon Fulfillment Center in Tracy, Calif.

    Firms contributed a better-than-expected 217,000 positions for the month, according to the latest count from ADP and Moody's Analytics.

  • SAO PAULO, Dec 1- Moody's Investors Service stripped Brazil's troubled Banco BTG Pactual S.A. of its investment grade on Tuesday as confidence in the investment bank's future and its bonds slumped following the arrest of its founder André Esteves in a corruption probe. Since Esteves' detention on Nov. 25, managing partners at BTG Pactual have sped up sales of...

  • BRASILIA, Dec 1- Moody's Investors Service downgraded Banco BTG Pactual S.A. two notches to BA2 from BAA3, striping the Brazilian investment bank of its investment grade following the jailing of its CEO and chairman in a corruption investigation. The credit rating agency said it put the bank on review for a further downgrade. "The downgrade of BTG Pactual's...