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  • NEW YORK, Nov 3- Bank of America Corp, the No. 2 U.S. bank, has agreed to sell its $87 billion money-market fund business to BlackRock Inc in one of the cash-management industry's largest deals ever. "Combining our business together with the Bank of America assets and distribution puts us in a unique competitive position," said Tom Callahan, co-head of global cash...

  • NEW YORK, Nov 3- Bill Gross, the closely watched bond investor, on Tuesday warned that the flatness of the Treasury yield curve could have harmful effects on lending across all credit markets, resulting in stunted profit growth in the United States. In his latest Investment Outlook, Gross, who oversees the $1.4 billion Janus Global Unconstrained Bond Fund, said the...

  • NEW YORK, Nov 2- Bill Gross just got a huge vote of "no confidence" from billionaire investor George Soros. Soros Fund Management LLC, which Soros chairs, pulled its roughly $500 million from an account run by Gross at Denver- based Janus Capital Group Inc, a source familiar with the matter said on Monday. The $500 million had been managed through a private investment...

  • NEW YORK, Nov 2- Bill Gross just got a huge vote of "no confidence" from billionaire investor George Soros. Soros Fund Management LLC, which Soros chairs, pulled its roughly $500 million from an account run by Gross at Denver- based Janus Capital Group Inc, a source familiar with the matter said on Monday. The $500 million had been managed through a private investment...

  • NEW YORK, Nov 2- Benchmark 10- year Treasury yields hit their highest in over five weeks on Monday, while shorter-dated yields reached the highest in over six weeks on continued expectations of a possible Federal Reserve rate hike in December. "It's just still continued follow-through from the Oct. 28 Fed statement," said Justin Hoogendoorn, head of fixed income...

  • HONG KONG, Nov 2- Europe's biggest lender HSBC is setting up a majority-owned securities joint venture in China, taking advantage of Chinese rules that favor Hong Kong- established banks over foreign peers in the world's second biggest economy. HSBC's aim is to establish a foothold in issuing bonds in China, which the bank sees as an area of strong future growth.

  • Nov 2- U.S. stock index futures were marginally higher on Monday as investors digested reports on factory activity from China and Germany, ahead of U.S. manufacturing data and earnings reports. *Asian stocks declined after China's official factory data on Sunday showed activity unexpectedly shrank for a third straight month in October, though the contraction...

  • China cracks the whip to tame market rigging Monday, 2 Nov 2015 | 6:00 AM ET
    China cracks the whip to tame market rigging

    China is stepping up efforts to find market sell off perpetrators, arresting the country's top investor over the weekend.

  • JGBs edge down ahead of Japan holiday Monday, 2 Nov 2015 | 2:21 AM ET

    TOKYO, Nov 2- Japanese government bonds edged down on Monday, though a stock market rout kept bond-selling pressure in check. Trading activity was thin, according to market participants, as some investors adjusted portfolios ahead of Tuesday's national holiday in Japan. The Nikkei stock index tumbled 2.1 percent, as weak Chinese manufacturing surveys...

  • MELBOURNE, Nov 2- London copper dipped to a one-month low on Monday after China's factory growth contracted in October, raising concerns that successive easing measures in the world's top metals user are failing to jump start the real economy. *Three-month copper on the London Metal Exchange traded down 0.3 percent at $5,095 a tonne by 0119 GMT, having earlier...

  • NEW YORK, Oct 30- The U.S. judge overseeing litigation stemming from Argentina's $100 billion default in 2002 ordered the country to pay holders of several billion dollars of its defaulted bonds whenever it pays holders of bonds issued in two debt restructurings. District Judge Thomas Griesa in Manhattan ruled on Friday in favor of plaintiffs in 49 lawsuits...

  • MOVES-BlackRock ETF executive steps down Friday, 30 Oct 2015 | 1:34 PM ET

    NEW YORK, Oct 30- A top executive within BlackRock Inc's iShares exchange-traded fund business is stepping down. Joe Cavatoni, head of Americas iShares Capital Markets, is leaving that role, according to a memo distributed within the firm this week. BlackRock's iShares business is the world's largest manufacturer of ETFs with $1 trillion in assets under...

  • Argentina loses new bond payment ruling-US judge Friday, 30 Oct 2015 | 1:32 PM ET

    District Judge Thomas Griesa in Manhattan ruled in favor of plaintiffs in 49 of the 51 "me-too" lawsuits who are seeking the same relief as holdout bondholders, including several hedge funds, that won a court ruling directing Argentina to pay them $1.33 billion plus interest.

  • *U.S. reschedules 2- year note auction to Nov. 4. NEW YORK, Oct 30- U.S. Some investors added U.S. bonds back to their holdings on expectations of further bond-buying stimulus from the European Central Bank and the Bank of Japan to combat deflation.

  • TOKYO, Oct 30- Japanese government bonds fell on Friday, tracking losses in U.S. GDP data, but the Japanese bonds pared some of their losses when the Bank of Japan kept monetary policy on hold. If the Fed is going to go ahead with a rate hike, that could reduce expectations of BOJ easing, "said Makoto Noji, senior rates strategist at SMBC Nikko Securities.

  • DIARY-Top Economic Events to Nov 12 Thursday, 29 Oct 2015 | 8:01 PM ET

    WASHINGTON- The Board of Governors of the Federal Reserve System will hold an open meeting to discuss a proposed rule establishing total loss-absorbing capacity and long-term debt requirements for global systemically important banking organizations, as well as a final rule on margin and capital requirements for uncleared swaps of prudentially...

  • NEW YORK, Oct 29- Investors piled $8.2 billion into stock exchange-traded funds over the week ended Oct 28, the third week of inflows for those funds and the most new money since mid-September, Lipper data showed on Thursday. "It was a good week for the markets," said Pat Keon, a research analyst at Lipper. The swift movement by U.S.-based ETF buyers into funds such as the...

  • *U.S. sells $29 billion 7- year notes to solid demand. NEW YORK, Oct 29- U.S. "The number may be good enough for the Fed to not view the economy negatively," Collin Martin, director of fixed income at Schwab Center for Financial Research in New York.

  • *Treasury yields rise further on possible December Fed "liftoff". NEW YORK, Oct 29- Stock markets around the world fell and bond yields rose as investors weighed the implications that a U.S. interest rate rise before the end of the year would have for the global economy and markets. Wall Street was lower, giving up some of Wednesday's gains.

  • IMF SPOKESMAN SAYS FUND ENCOURAGES RUSSIA, UKRAINE TO ENGAGE IN CONSTRUCTIVE DISCUSSIONS ON RESTRUCTURING OF $3 BLN EUROBOND.