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  • LONDON, Feb 24- European Union banks will be tested on their ability to raise funds in thin bond markets in a shrinking economy hit by tumbling commodities and property prices, the bloc's banking watchdog said on Wednesday. The European Banking Authority's latest health check, the results of which will be published in the third quarter, will spare lenders from...

  • US TREASURIES ERASE EARLIER PRICE GAINS, 10- YEAR NOTE YIELDS INCREASE TO 1.73 PERCENT.

  • NEW YORK, Feb 24- Major creditors suing Argentina over defaulted bonds have agreed to the economic terms of an agreement to resolve the long-running litigation but need more time to complete the $5 billion deal, a lawyer for the investors said Wednesday. The disclosure came during a hearing before a federal appeals court in New York, where the panel said it will...

  • CARACAS, Feb 24- Venezuela has enough resources to pay fully on Friday a $1.5 billion repayment due on its global 2016 bond, three sources close to the government said, though further debt maturities later in the year may be harder to meet. Mired in recession and reeling from low oil prices, the OPEC member country complied with $10.5 billion debt last year by...

  • week- ICI@ NEW YORK, Feb 24- Investors shied away from the riskiest U.S.-based stock and bond funds during the latest week and added money to safer categories even as fears of an economic pullback began to abate. The $2.3 billion investors pulled from global bond funds during the week ended Feb. 17 brought the streak of consecutive outflows to $47 billion in total,...

  • Two of the defendants, France's Natixis SA and Societe Generale, also agreed to pay $2.8 million to resolve related claims by 21 U.S. states and Washington, D.C.. Several banks have during that time also agreed to pay more than $740 million, led by JPMorgan's $228 million, to resolve related probes by the U.S. Department of Justice and state regulators.

  • US TREASURIES PARE EARLIER PRICE LOSSES, 10- YEAR NOTE YIELDS INCREASE TO 1.69 PCT.

  • Major emerging market economies including Mexico, Brazil, South Korea and India have made fresh moves in the past month to defend their battered currencies, coupling often aggressive open-market intervention with warnings against speculators. China meanwhile spent almost $100 billion of hard cash reserves last month keeping its tightly controlled yuan...

  • BRASILIA, Feb 24- Moody's Investors Services on Wednesday became the third major rating agency to downgrade Brazil's debt to junk, cutting its rating by two notches to Ba2, as the former emerging market star sinks deeper into the worst recession in decades. Moody's said the outlook for Brazil's issuer and bond ratings was negative due to the prospect of further...

  • NEW YORK, Feb 24- UBS AG, Natixis SA and four other banks and brokerages agreed to pay just over $100 million to settle investor claims that they conspired to rig prices for municipal securities. The plaintiffs, including the City of Baltimore and the Central Bucks School District in Pennsylvania, accused the defendants of conspiring to fix prices for municipal...

  • SAO PAULO, Feb 24- The Brazilian real underperformed weaker Latin American currencies on Wednesday after Moody's Investors Services became the latest ratings agency to cut the country's debt rating to junk, downgrading it Market reaction was somewhat muted as many investors were prepared for a third downgrade after Standard& Poor's and Fitch Ratings...

  • NEW YORK, Feb 24- U.S. Oil fell below $33 per barrel on Wednesday after Saudi Arabia on Tuesday ruled out production cuts and an industry report said U.S. crude stockpiles hit a record, underlining the supply glut. "You see rates getting dragged along behind crude a fair bit, there's a view it gives some insight into how the rest of the world is going," said Aaron Kohli, an...

  • US 30- YEAR TREASURY BONDS EXTEND PRICE GAINS TO A FULL POINT, YIELDS FALL TO 2.53 PCT.

  • US TREASURY YIELDS FALL TO SESSION LOWS, 10- YEAR NOTE YIELDS DROP TO 1.67 PCT.

  • BRASILIA, Feb 24- Moody's Investors Services on Wednesday became the third major rating agency to downgrade Brazil's debt to junk, cutting its rating by two notches to Ba2, as the former emerging market star sinks deeper into the worst recession in decades. Moody's said the outlook for Brazil's issuer and bond ratings was negative due to the prospect of further...

  • *Futures down: Dow 141 pts, S&P 16 pts, Nasdaq 48.75 pts. Feb 24- U.S. stock index futures were lower on Wednesday as oil prices fell after top producer Saudi Arabia ruled out production cuts. The data is due at 10 a.m. ET.

  • LONDON, Feb 24- The prospect of more monetary policy easing pushed the Hungarian forint lower on Wednesday and fueled a sharp tumble in bond yields, while the rand also slipped before what is seen as a make-or-break budget for South Africa. Weaker crude prices brought renewed pressure on most other emerging assets after top exporter Saudi Arabia ruled out...

  • LONDON, Feb 24- Gold prices held ground above $1,230 an ounce on Wednesday, acting as foil against risk alongside top-rated government bonds as oil's fall rippled into global equity markets. Technically, gold looks set to test recent highs at $1,240 and then a one-year top of $1,260, MKS Group said in a note. Shares fell in Europe and Asia as a nascent recovery in...

  • TOKYO, Feb 24- Japanese government bond prices edged up on Wednesday, with yields from 10 to 40 years hitting record lows after the Bank of Japan's bond purchase highlighted reluctance of investors to sell bonds with positive yields. The BOJ offered to buy a total of 1.26 trillion yen JGBs. There's fear that flattening will be irreversible, "said Naomi Muguruma,...

  • NEW YORK, Feb 23- Investors who want to ride the wave of millennial generation spending soon may have a couple of products designed to make that easy for them. The two ETFs- Telsey Millennial Consumer ETF and Global X Millennial Generation ETF- are vying to be the first in this area, but must wait for U.S. Securities and Exchange Commission approval that could take a...