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  • NEW YORK, March 10- The euro rose and global stock markets fell on Thursday as major new stimulus measures by the European Central Bank were offset by a signal from ECB chief Mario Draghi that it will only cut interest rates again in the most extreme of circumstances. The euro recovered from six-week lows against the dollar of $1.0823 to trade at a three-week high...

  • *Treasury to sell $12 billion of 30- year bonds. Treasury yields rose in choppy trading after European Central Bank President Mario Draghi suggested he does not anticipate deepening the ECB interest rate cuts announced on Thursday. "We saw a risk-on move initially on the back of the ECB accommodation and it put Treasury prices under pressure, but the Draghi...

  • *Wall Street flat as risk appetite fizzles out, oil backslides. LONDON, March 10- The euro whipsawed on Thursday as major new stimulus measures by the European Central Bank were offset by a signal from ECB chief Mario Draghi that it will only cut interest rates again in the most extreme of circumstances. Shares jumped 2.5 percent, euro zone bonds rallied and the euro...

  • March 10- U.S. stock index futures rose sharply on Thursday after the European Central Bank cut key interest rates to boost the euro zone economy. Whether that bailout will do anything, or work, doesn't matter at this point, "said Matthew Tuttle, chief executive, Tuttle Tactical Management in Greenwich, Connecticut. ECB President Mario Draghi is scheduled to hold a...

  • March 10- U.S. stock index futures were higher on Thursday ahead of the European Central Bank's decision on monetary policy. *The central bank's statement on interest rates is expected at 1245 GMT and ECB President Mario Draghi is scheduled to hold a conference at 1330 GMT. *While economic data from Asia and Europe show faltering growth, a recovery in the U.S....

  • LONDON, March 10- Expectations for a fresh shot of stimulus from the European Central Bank on Thursday pushed down the euro and government bond yields in the morning, after New Zealand set the bar high with a surprise rate cut that sent its currency tumbling. Europe's main stock markets got off to a solid start, with London's FTSE, the DAX in Frankfurt and the CAC40 in...

  • *Creditors to lend up to 1.8 bln euros under draft plan. MADRID, March 10- Debt-laden engineer Abengoa said on Thursday it had agreed a draft rescue plan with creditors to cut debt and inject fresh cash, in the latest attempt to avoid what could be Spain's biggest bankruptcy. Loss-making Abengoa, which started out 70 years ago as an engineering business in Seville...

  • TOKYO, March 10- Japanese government bond prices were mostly lower on Thursday, licking wounds after sharp fall from record highs hit earlier this week, although the futures ended higher in a divided market driven more by trading flows than any fundamentals. Also, many Japanese players have reduced trading ahead of the end of Japanese financial year on March 31.

  • SEOUL, March 10- South Korea's central bank kept its policy on hold on Thursday and its chief suggested he was not ready to ease policy soon, dampening bond futures prices and bolstering the won currency. The Bank of Korea's monetary policy committee held the policy rate steady at record-low 1.50 percent for a ninth consecutive month. "We will have to see what oil...

  • NEW YORK, March 9- Hedge fund firm Gottex Fund Management has shut down its two-year old mutual fund that offered retail investors a taste of endowment strategies which use hedge funds, private equity and real estate, according to a regulatory filing. Trustees for the Gottex Endowment Strategy Fund said they would liquidate the fund, according to a filing made in...

  • TOKYO, March 10- Japanese firms sitting on more than $3 trillion of cash are buying back their own shares at a record rate, while turning a deaf ear to calls from Prime Minister Shinzo Abe to step up spending on wages and investment to support the economy. Japan's largest companies are under pressure to boost meager returns for their investors, but the volume of cash...

  • NEW YORK, March 9- Argentina settled with an additional seven creditors holding defaulted sovereign bonds for $190 million, Daniel Pollack, the court-appointed mediator in the long-running case said in a statement on Wednesday. Argentina is in desperate need of fresh capital to fund economic growth projects and untwist economic policies implemented...

  • The Westlands Water District, which serves Fresno and Kings counties in central California, agreed to pay a record $125,000 penalty to settle SEC civil charges over its $77 million bond sale in October 2012. Separately, the district's general manager Thomas Birmingham, 60, of Sacramento, will pay a $50,000 penalty, while former treasurer Louie David Ciapponi,...

  • *Treasury sells $20 billion 10- year notes to disappointing demand. NEW YORK, March 9- U.S. "Treasuries were trading weaker ahead of the auction, building in a meaningful pre-auction concession," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut.

  • NEW YORK, March 9- A $20 billion auction of U.S. 10- year Treasury notes failed to draw strong investor interest on Wednesday, falling short of expectations and sparking selling in the bond market that sent benchmark yields toward one-month highs. "This afternoon's 10- year auction did not go very well, despite the need for the issue suggested by the extreme...

  • LONDON, March 9- Iran aims to overhaul its banking sector by tackling non-performing loans and imposing tougher capital requirements after years of isolation, a senior central bank official said on Wednesday, adding the country was working on a Eurobond issue. Many of Iran's banks are still struggling after piling up bad debt during the more than a decade-long...

  • The Westlands Water District, which serves Fresno and Kings counties in central California, agreed to pay a record $125,000 penalty to settle SEC civil charges over its $77 million bond sale in October 2012. The district's general manager Thomas Birmingham, 60, of Sacramento, will pay a $50,000 penalty, while former assistant general manager Louie David...

  • PARIS, March 9- France's public debt management agency has for now ruled out issuing bonds in foreign currencies, the head of its strategic committee said on Wednesday. With about 63 percent of French national debt in foreigners' hands, France relies heavily on foreign investors to buy its government bonds. As one the biggest debt issuers in the euro zone, AFT plans...

  • NEW YORK, March 9- U.S.-based bond mutual funds attracted $4.1 billion in the latest week, reversing outflows from the prior week as investors warmed to corporate debt, according to data released Wednesday by the Investment Company Institute. Investment-grade bond funds, which posted outflows during the prior week, took in $124 million during the week that...

  • NEW YORK, March 9- BlackRock Inc's chief investment officer of global fixed income, Rick Rieder, said on Wednesday his team cut a February position they held shorting, or betting against, the U.S. dollar while betting on Japanese yen appreciation. The BlackRock Strategic Income Opportunities Fund, a mutual fund managed by Rieder that enjoys wide latitude in...