×

Investing Securities

  • JOHANNESBURG, April 3- SP Global Ratings downgraded South Africa's sovereign credit rating to BB+ from BBB- grade on Monday, saying that the recent firing of the internationally respected finance minister posed a risk fiscal policy.

  • NEW YORK, April 3- U.S. Treasury notes touched 2.332 percent, their lowest since Feb. 27, after at least nine people were killed and 20 were injured when an explosion tore through a train carriage in a St. Petersburg metro tunnel. "With everything surrounding all the intrigue, real or discussed between the U.S. administration and Russian officials, the subway bombing...

  • *Graphic on South Africa's economy http://bit.ly/2olKO4J. PRETORIA, April 3- South Africa's new finance minister, Malusi Gigaba, said on Monday he would pursue "tough and unpopular choices" to oversee economic growth and a redistribution of wealth to the black majority and help grow a flagging economy. His appointment last week, after the sacking of the...

  • *Portugal/ Germany 10- year yield spread hits almost-four week high. LONDON, April 3- Italy and Portugal saw their borrowing costs rise on Monday as investors braced for a reduction in ECB stimulus while uncertainty over global politics and policy pushed down German government bond yields. Though policymakers last week stressed that rate rises are not on the...

  • April 3- U.S. stock index futures were little changed on Monday, with investors awaiting the earnings season to see if corporate profits justify lofty valuations, and, more immediately, a meeting between President Donald Trump and China's Xi Jinping. *The week ends with an action-packed Friday when the Labor Department issues it March U.S. jobs report and...

  • *Funds from Prague may flow to Warsaw, Budapest- bond traders. BUDAPEST, April 3- Czech government bonds bucked a decline in yields to multi-month lows in Hungary and Poland on Monday, with eyes fixed on the Czech central bank which may abandon a cap on the crown soon. Volatility jumped in Prague markets after the bank gave up its guidance to exit the cap, which has kept...

  • *Portugal/ Germany 10- year yield spread hits almost-four week high. *Spain resilient following ratings outlook boost from S&P. LONDON, April 3- Portugal and Italy saw their 10- year borrowing costs spike compared to Germany on Monday as the European Central Bank reduced its asset purchases, putting pressure on lower-rated members of the bloc.

  • TOKYO, April 3- Japanese government bond prices were mostly steady on Monday following gains by U.S. Treasuries, although shorter-dated debt sagged with the Bank of Japan set to buy less of the maturities at its regular operations in April. The benchmark 10- year JGB yield was flat at 1.065 percent and the 30- year yield dipped a basis point to 0.835 percent,...

  • April 3- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan Auction of 10- year government bonds 4- Apr Japan 3- month discount bill auction 4- Apr Belgium Auction of Treasury bills 4- Apr Spain...

  • April 3- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan Auction of 10- year government bonds 4- Apr Japan 3- month discount bill auction 4- Apr Belgium Auction of Treasury bills 4- Apr Spain...

  • HOUSTON/ CARACAS March 31- Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a government source familiar with the talks told Reuters on Friday. The negotiations are happening even as political chaos reins in Venezuela after...

  • April 1- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan Auction of 10- year government bonds 4- Apr Japan 3- month discount bill auction 4- Apr Belgium Auction of Treasury bills 4- Apr Spain...

  • April 1- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan Auction of 10- year government bonds 4- Apr Japan 3- month discount bill auction 4- Apr Belgium Auction of Treasury bills 4- Apr Spain...

  • SAO PAULO, March 31- Odebrecht Ôleo& Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won temporary relief from investors despite pledging to honor interest payments on a bond a week after deadline. In a Friday statement, the company known as OOG said investors would receive on April 7 an interest payment on the company's 6.75 percent...

  • The price on Venezuela's benchmark $4 billion bond maturing in September 2027 with a 9.25 percent coupon fell by more than 3.5 cents to around 46.4 cents on the dollar, Thomson Reuters data showed. The country's high court late Wednesday stated it was assuming Congress' role in a ruling authorizing President Nicolas Maduro to create oil joint ventures without...

  • NEW YORK, March 31- Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015. The preliminary all-cash settlement was filed on Friday with the U.S. District Court in Manhattan,...

  • NEW YORK/ BOSTON, March 31- BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12- year decline in assets. The moves affect about 11 percent of its $275 billion active stock fund business but are a drop in the ocean for the company, the...

  • SAO PAULO, March 31- Odebrecht Ôleo& Gás SA, the offshore oil drilling company owned by Brazil's Odebrecht SA, has won a temporary relief from a relevant group of bondholders that will help it pay for operational and capital expenses, signaling progress in talks aimed at restructuring $5 billion in debt. In a Friday statement, the company known as OOG said...

  • JOHANNESBURG, March 31- New South African Finance Minister Malusi Gigaba got a sceptical welcome on financial markets on Friday, with fears growing that budget discipline will falter despite a risk that the country's credit rating will be downgraded to "junk" status. Economists and political analysts questioned the credentials of Gigaba, until now the home...

  • LONDON, March 31- The sacking of South Africa's respected finance minister leaves the country risking a two-notch downgrade on its local currency credit rating, which would see it ejected from a key bond index and cause up to $10 billion in outflows, UBS said on Friday. Investment outflows at that level would effectively double South Africa's current account...