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Investing Securities

  • JOHANNESBURG, April 4- South Africa's rand, bonds and banking shares tumbled sharply on Tuesday after S&P Global Ratings cut the country's credit rating to junk in response to President Jacob Zuma's move to sack its respected finance minister. Zuma's cabinet reshuffle has triggered public criticism from within the ruling African National Congress and...

  • *Restructuring talks extended by 3 months to July 31. OSLO, April 4- Rig firm Seadrill warned shareholders on Tuesday that their stock will lose almost all of its value as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities. The company said its banks and other lenders had agreed to extend...

  • TOKYO, April 4- Japanese government bonds mostly gained on Tuesday, bolstered by safe-haven buying as equities dipped and on decent results at an auction of 10- year JGBs. "There was a moderate flight-to-quality move, and also a supportive JGB auction today," said Naomi Muguruma, senior strategist at Mitsubishi UFJ Morgan Stanley Securities.

  • *Qatar to develop world's largest gas field shared with Iran. Qatar declared a moratorium in 2005 on the development of the North Field, which it shares with Iran, to give Doha time to study the impact on the reservoir from a rapid rise in output. The vast offshore gas field, which Doha calls the North Field and Iran calls South Pars, accounts for nearly all of Qatar's...

  • TOKYO, April 4- The dollar wobbled against the yen on Tuesday, buckling against its safe-haven Japanese peer as a risk-averse mood spread through the broader markets. "The dollar is feeling pressure against the yen from an interest rate spread point of view, with Treasury yields having fallen to one-month lows as Wall Street despite decent data," said Shin Kadota,...

  • TOKYO, April 4- Japan's Nikkei share average fell on Tuesday as the safe-haven yen rose and as automakers tumbled on weaker-than-expected U.S. sales. Treasury notes overnight fell to the lowest level since Feb. 27. "Stock investors are becoming nervous about U.S. yields," said Isao Kubo, equity strategist at Nissay Asset Management, adding that markets are focused...

  • NEW YORK, April 3- Canaccord Genuity Group Inc has hired Joseph LaGrasta to spearhead a new exchange-traded funds sales and trading push in the United States, according to a memo seen by Reuters. LaGrasta, who started on Monday, is a longtime veteran of the ETF business. Most recently, he was a director, focused on ETF sales, at BNP Paribas SA, where he worked for three...

  • TOKYO, April 4- The dollar wobbled against the yen on Tuesday, buckling against its safe-haven Japanese peer as a risk-averse mood spread through the broader markets. "The dollar is feeling pressure against the yen from an interest rate spread point of view, with Treasury yields having fallen to one-month lows as Wall Street despite decent data," said Shin Kadota,...

  • April 4- 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 4- 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...

  • JOHANNESBURG, April 3- S&P cut South Africa's credit rating to junk status on Monday, saying the dismissal of its respected finance minister heralded a damaging policy shift, while President Jacob Zuma readied for a showdown with other ANC leaders over the sacking. In an unscheduled review that prompted a selloff in South African assets, the credit agency...

  • April 3- The sale of debt by states, cities, schools and other issuers in the U.S. municipal bond market totaled $86.5 billion in 2017' s first quarter, a drop of 9.5 percent from the same period in 2016, according to Thomson Reuters data on Monday. Bank of America Merrill Lynch ranked second with $11 billion of debt in 118 deals, while J.P. Morgan Securities was third...

  • JOHANNESBURG, April 3- S&P cut South Africa's credit rating to junk status on Monday, saying the dismissal of its respected finance minister threatened a damaging policy shift, while President Jacob Zuma readied for a showdown with other ANC leaders over the sacking. In an unscheduled review that prompted a selloff in South African assets, the credit agency...

  • NEW YORK, April 3- U.S. Treasury notes touched 2.332 percent, their lowest level since Feb. 27, after the disappointing March sales by major U.S. automakers heightened concerns that America's long, robust boom car sales cycle may finally be losing steam. "U.S. auto sales raise questions about consumer demand, consumer spending going forward," said bond strategist...

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks are prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks remain prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • JOHANNESBURG, April 3- S&P cut South Africa's credit rating to junk status on Monday, saying the dismissal of Pravin Gordhan as finance minister threatened a damaging policy shift, while President Jacob Zuma readied for a showdown with other ANC leaders over the sacking. "This has increased the likelihood that economic growth and fiscal outcomes could suffer,"...

  • JOHANNESBURG, April 3- Senior members of the ruling African National Congress met on Monday to discuss the political fallout from South African President Jacob Zuma's controversial sacking of his finance minister and markets showed their displeasure at the move. Zuma faces a confrontation with other leaders of the ruling ANC after he dismissed the...

  • JOHANNESBURG, April 3- S&P Global Ratings downgraded South Africa's sovereign credit rating to BB+ from BBB- grade on Monday, saying the recent firing of its internationally respected finance minister posed a risk fiscal policy. A downgrade to junk would increase South Africa's debt-servicing costs, seen at 144 billion rand in the 2016/ 17 fiscal year.

  • *Portugal/ Germany 10- year yield spread hits almost-four week high. LONDON, April 3- German government bond yields tumbled on Monday after a subway explosion in Russia's St. Petersburg, boosting demand for safe-haven bonds just as a reduction in ECB asset purchases kicked in. Ten-year Bund yields hit a one-month low around 2.76 percent, while two-year yields...