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Investing Securities

  • NEW YORK, Feb 24- A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International Inc, causing billions of dollars of losses. Justice O. Peter Sherwood of the State Supreme Court in White Plains, New York, said Sequoia...

  • BOSTON, Feb 23- Mutual funds run by Fidelity Investments and T. Rowe Price Group Inc could be poised for a quick win on the upcoming public debut of Snap Inc. That demand could indicate Snap shares would trade above the current estimated IPO range of $14 to $16 a share. T. Rowe's Institutional Large-Cap Growth Fund this week disclosed that it valued its 1.29 million...

  • NEW YORK, Feb 24- U.S. long-dated Treasury debt yields dropped to two-week lows on Friday, weighed down by declines in Europe amid persistent political uncertainty as well as a soft batch of U.S. data that suggested a more mixed outlook for the world's largest economy. "I think we're rallying mostly from what's going in Europe," said Tom di Galoma, managing director at...

  • NEW YORK, Feb 24- Key global stock markets fell on Friday as investors lowered bets that policies of U.S. Oil futures fell, pressuring energy stocks after data showed U.S. crude inventories rose for a seventh week, signaling oversupply despite OPEC's efforts to rein in output. "The market will come to realize that a lot of these pro-growth policies might get pushed...

  • Feb 24- U.S. stock index futures were lower on Friday as a drop in oil prices weighed on the "Trump rally", with investors also seeking details regarding President Donald Trump's plans to boost the economy. *Gain in crude prices helped U.S. stocks edge higher on Thursday as did a renewed pledge by Trump to bring back jobs to the United States. Treasury Secretary Steven...

  • *Yuan flat after Trump calls China "grand champions" of FX manipulation. TOKYO, Feb 24- Asian shares took a breather on Friday, slipping from 1-1/ 2- year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington's stance on tax and currency policies. European shares are expected to be soft, with...

  • TOKYO, Feb 24- Japanese government bond prices gained on Friday, helped by a regular Bank of Japan buying operation, with the yield curve at its flattest in three weeks as the market tracked a recent decline in global debt yields. In Europe, recent debt market volatility eased slightly, with French government bond yields pulling back after rising earlier in the...

  • *Yuan flat after Trump calls China "grand champions" of FX manipulation. TOKYO, Feb 24- Asian shares took a breather on Friday, slipping from 1-1/ 2- year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington's stance on tax and currency policies. And he has said a strong dollar is in U.S. interests, "...

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury Bills. March 14 Netherlands DSL Auction.

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury Bills. March 14 Netherlands DSL Auction.

  • NEW YORK, Feb 23- Investors are showing increasing comfort wading into the markets, lavishing cash on U.S.-based stock and corporate bond funds in the latest week, Lipper data showed on Thursday. Those stock funds attracted $2.7 billion during the week ended Feb. 22, their fourth consecutive week of inflows, and taxable bond funds took in another $4 billion, the...

  • The SEC's decision comes after the U.S. Court of Appeals for the District of Columbia ruled in January that the regulator overstepped its authority when it barred attorney and stock broker Gregory Bartko from working in various financial services sectors, including the transfer agent and municipal securities industries. The SEC has routinely taken civil...

  • WASHINGTON, Feb 23- U.S. regulators joined their European counterparts on Thursday and granted some last-minute relief on a swaps rule, after the derivatives industry said it was overwhelmed with record-keeping requirements by the rule coming online next week aimed at driving down risk in the financial system. The country's banking regulators- the Federal...

  • NEW YORK, Feb 23- Investors added cash to U.S.-based taxable bond funds for an eighth consecutive week, moving $4 billion into the funds, Lipper data showed on Thursday.

  • NEW YORK, Feb 23- Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. Treasury and euro zone government bond yields declined as European Central Bank policymakers also signalled they were not getting carried away by signs the euro...

  • NEW YORK, Feb 23- U.S. "There are more questions being raised in general across all markets about how deeply or quickly the new administration would have an impact on the economy," said Dominic Pappalardo, director of taxable portfolio management at McDonnell Investment Management in Oakbrook Terrace, Illinois. Treasury Secretary Steven Mnuchin spoke on...

  • *Investors look to Trump's address to Congress on Feb. 28. NEW YORK/ LONDON, Feb 23- Gold prices rose 1 percent to a 3-1/ 2- month high on Thursday after minutes from the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike in March, lowering U.S. bond yields and pressuring the dollar. since Feb. 6, and was up 1 percent at $1,249.36...

  • NEW YORK, Feb 23- Yields on U.S. Treasury Secretary Steven Mnuchin said he wants to see a major tax plan passed before Congress by August, but failed to give details about it. "People are thirsty for details on what the tax plan is going to be," said Tom Simons, money market economist at Jefferies in New York.

  • *Budapest stocks off record on OTP Bank, Magyar Telekom retreat. *Bucharest stocks at another 9- year high on Banca Transilvania. BUDAPEST, Feb 23- Budapest stocks retreated from record highs on Thursday, driven by Magyar Telekom which opted against raising its dividend guidance while Central European stock indices mostly rose.

  • *Gold hits highest since Nov. 11. *Investors look to Trump's address to Congress on Feb. 28. LONDON, Feb 23- Gold prices on Thursday hit a three-month high after the minutes of the latest Federal Reserve policy meeting further dampened expectations of an interest rate hike in March, lowering U.S. bond yields and stalling upward momentum in the dollar.