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Investing Securities

  • NEW YORK, Sept 6- BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, the U.S. Securities and Exchange Commission said on Tuesday. Mutual funds and money market funds offered by the world's largest asset manager will be able to borrow up to 10 percent of the value of their assets on an "...

  • NEW YORK, Sept 6- A U.S. judge signaled on Tuesday that UBS AG may escape liability for at least a portion of an estimated $2.1 billion of losses stemming from residential mortgage-backed securities it sold in 2006 and 2007 before the U.S. housing market collapsed. District Judge Kevin Castel in Manhattan said U.S. UBS was previously sued by bond insurer Assured...

  • NEW YORK, Sept 6- U.S. Tuesday's Institute for Supply Management report on service-sector activity showed a drop in the index to 51.4, from 55.5 in July and much lower than the consensus expectation for a reading of 55.7. "One data point does not make a trend, thus, given industry growth remains in positive territory, albeit minimally above 50, policy officials are...

  • NEW YORK, Sept 6- U.S. Tuesday's Institute for Supply Management report on service-sector activity showed a drop in the index to 51.4, down from 55.5 in July and much lower than the consensus expectation for a reading of 55.7. The drop in the ISM headline index was the steepest since November 2008.

  • NEW YORK, Sept 6- U.S. Tuesday's Institute for Supply Management report on service-sector activity showed a drop in the index to 51.4, down from 55.5 a month earlier and much lower than the consensus expectation for a reading of 55.7. The drop in the ISM headline index was the steepest since November 2008.

  • The mood in the Hong Kong market has been buoyed by a flood of capital pouring in from the mainland since last week, as investors there actively hunt for yields in a low-interest rate environment. Others are also seeking to front-run a cross-border investment link between Shenzhen and Hong Kong that is expected to be launched in November. Some analysts said Hong...

  • SAO PAULO, Sept 5- Brazil's largest fixed line carrier Oi SA on Monday unveiled a debt restructuring proposal, offering to sell assets and proposing a debt-for-equity swap option that could mean a 70 percent haircut for bondholders. At the same time, the company said it is willing to repay secured creditors such as the Brazil's BNDES development bank in full over...

  • By Nathaniel Taplin and Umesh Desai. SHANGHAI/ HONG KONG, Sept 6- When several large state-owned companies in China unexpectedly defaulted on their debts earlier this year, the government seemed determined to send a clear and unified message: it was time to get rid of zombie companies. But since then, China's signals have become increasingly contradictory and as...

  • BUDAPEST, Sept 5- Central European currencies and equities firmed on Monday after weaker-than-expected U.S. jobs data lowered expectations of an imminent Federal Reserve rate hike, and Poland's central bank was seen keeping its own rates on hold later in the week. Stocks indices in Prague, Warsaw and Budapest rose by 0.5-0.7 percent, outperforming the main...

  • TOKYO, Sept 5- Japanese government bond prices pared losses on Monday after Bank of Japan Governor Haruhiko Kuroda signaled his readiness to ease monetary policy further, which kept a rein on bond yields that hit five-month highs earlier in the day. The 10- year bond yield was flat at minus 0.025 percent, having retreated from the day's high of minus 0.010 percent...

  • TOKYO, Sept 5- Bank of Japan Governor Haruhiko Kuroda signaled his readiness to ease monetary policy further using existing or new tools, shrugging off growing market concerns that the bank is reaching its limits after an already massive stimulus program. But Kuroda acknowledged that the BOJ's negative interest rate policy may impair financial...

  • Sept 5- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 05 September France Auction of BTF treasury notes.

  • HONG KONG, Sept 4- Building up the second-biggest corporate debt pile in China does come at a cost. The aggressive leveraging of Evergrande's balance sheet by its founder and major shareholder Hui Ka Yan shows that while investors and economists have been largely focused on the mountains of debt being built up by China's state-controlled sector, the private...

  • Sept 3- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 05 September France Auction of BTF treasury notes.

  • NEW YORK, Sept 2- U.S. shares inched higher and European shares rallied on Friday after weaker-than-expected U.S. jobs data gave the Federal Reserve more leeway to stand pat on interest rates, while the dollar gained and longer-dated Treasury yields edged up. U.S. nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July,...

  • NEW YORK, Sept 2- Investors pulled $615 million from the Pimco Total Return Fund in August, reducing the fund's size to $85.5 billion, while investors poured $1.7 billion into the smaller Pimco Income Fund, parent company Pacific Investment Management Co said on Friday. For the month, the Pimco Total Return Fund posted returns of negative 0.22 percent after fees,...

  • NEW YORK, Sept 2- U.S. Friday's Labor Department report showed U.S. employers added 151,000 jobs in August, missing the 180,000 mark expected by economists polled by Reuters. "We're in a low-expectation environment and these numbers are still positive," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.

  • NEW YORK, Sept 2- U.S. and European shares gained on Friday after weaker-than-expected U.S. monthly jobs data gave the Federal Reserve more leeway to stand pat on interest rates this month, while the dollar gained and longer-dated Treasury yields edged up. U.S. nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July, with...

  • *Moody's reviews Portugal; DBRS reviews Ireland. LONDON, Sept 2- Euro zone bond markets braced for a number of potentially market-moving events on Friday including a Moody's ratings review of Portugal and a second parliamentary vote of confidence in Spain. Ratings agency Moody's is expected to review Portugal and Commerzbank says the stable outlook is at risk.

  • *2- year yields fall to lowest since Aug. 23. NEW YORK, Sept 2- U.S. "It was obviously lower than expected, which goes counter to in September, but it doesn't necessarily count them out for the year," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.