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Diversified Financial Services Specialized Finance

  • SAO PAULO, July 19- Mexico's peso hit a new high following an improved credit outlook for the country and a Reuters report detailing an aggressive timetable for trade talks between Mexico, the United States and Canada, before shedding gains later on Wednesday. Late on Tuesday, rating agency Standard& Poor's revised Mexico's sovereign credit outlook up to "stable"...

  • MUMBAI, July 17- The new chief executive of India's embattled National Stock Exchange said on Monday his immediate priority was to resolve a regulatory investigation facing the country's largest bourse and improve relations with stakeholders. Vikram Limaye took over the NSE on Monday, with the exchange facing a probe from market regulator the Securities...

  • *Russia now relying on local rating agencies. MOSCOW, July 14- Russia began relying only on its own rating agencies to manage its domestic bond market on Friday after the world's top three credit rating agencies quit that market, leaving investors pondering the credibility of the local agencies. Standard& Poor's, Fitch and Moody's have all withdrawn from Russian...

  • COPENHAGEN, July 13- Stock exchange operator Nasdaq said on Thursday it would start publishing information on leveraged positions on the Icelandic stock market in a bid to regain some of the investor confidence lost in Iceland during its 2008 banking meltdown. "High leverage can create unstable prices and can be an indicator of asset bubbles," Baldur...

  • CHICAGO, July 10- A decision on whether Illinois becomes the first U.S. state whose bond ratings tip into junk was not imminent on Monday as credit rating agencies said they were still reviewing the state's newly enacted budget and tax package. Analysts at the three major rating agencies, which rate Illinois one or two notches above junk, declined to comment on the...

  • NEW YORK, July 10- German exchange operator Deutsche Boerse Group has made a $10 million investment in Trumid, a New York- based financial technology startup that runs an electronic corporate bond trading platform, people familiar with the deal said. Trumid, which is backed by venture capitalist Peter Thiel and investor George Soros, will also announce that it...

  • LONDON, July 5- Europe's markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. Under European Union regulations, rating agencies including S&P Global, Fitch, Moody's and DBRS have to set out their planned review dates...

  • LONDON, July 5- Europe's markets watchdog ESMA has told credit rating agencies to publish their European sovereign ratings reports in a tighter window, between 9 pm and 11 pm on Friday London time, sources have told Reuters. Under European Union regulations, rating agencies such as S&P Global, Fitch, Moody's and DBRS have to set out their planned review dates for...

  • S&P has Russia's long-term foreign-currency rating one notch below investment grade at BB+, but revised its outlook on Russia to positive from stable in March. Russian officials have been talking up the prospect that international rating agencies like S&P will lift Russia out of the "junk" category if the Russian economy returns to growth this year after two...

  • SHANGHAI, July 4- The People's Bank of China has published rules allowing foreign rating agencies to assess the credit risks of the country's bonds, a move that could promote deeper risk assessment and pricing in the nation's huge corporate debt market. "We are strongly committed to playing a part in the development of China's domestic bond market," Standard&...

  • SHANGHAI, July 4- The People's Bank of China has published rules allowing foreign rating agencies to assess the credit risks of the country's bonds, a move that could promote more accurate risk assessment and pricing in the nation's huge corporate debt market. Under the previous framework, global ratings agencies could only have minority stakes in...

  • NYSE has faced scrutiny for technical glitches affecting ETFs, including a March issue that prevented some ETFs from completing an auction at the end of the day. In a statement, Samara Cohen, Americas Head of iShares Capital Markets at BlackRock, said "a thriving market for ETFs requires a robust, resilient ecosystem, with multiple participants committed to...

  • NEW YORK, June 27- A Florida man was sentenced on Tuesday to serve 5-1/ 2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase& Co.. Anthony Murgio, 33, of Tampa, pleaded guilty on Jan. 9 to three conspiracy counts, including bank fraud and operating an...

  • June 27- TMX Group Ltd, Canada's biggest stock exchange operator, said on Tuesday it had chosen India's Tata Consultancy Services to implement a single integrated platform for Canada's clearing and settlement businesses. The platform, called TCS BaNCS, will replace legacy systems at Canadian Depository for Securities Ltd and Canadian Derivatives Clearing...

  • CHICAGO, June 21- U.S. futures regulators fined a Memphis trading firm and three associates $5 million on Wednesday for using a manipulative tactic in CME Group Inc's cattle futures, a market grappling with extreme volatility. The Commodity Futures Trading Commission said it penalized McVean Trading& Investments $1.5 million and its chairman, Charles Dow...

  • *S&P warns of downgrade if South Africa c.bank independence eroded. LONDON, June 20- Credit rating firm S&P Global warned South Africa on Tuesday that its rating could be cut deeper into junk territory if the government meddles with the "critical" independence of the country's central bank. S&P stripped South Africa of its coveted investment grade rating back in...

  • LONDON, June 19- Index provider MSCI is likely to open its emerging market benchmark to Chinese mainland-listed shares at its review on Tuesday, but investors are also expecting news on other markets such as Argentina and Saudi Arabia. It will hold conference calls with journalists at 2300 GMT and again at 0700 GMT on June 21. The 169 stocks make up 5 percent of all...

  • HONG KONG, June 16- The Hong Kong stock exchange unveiled a long-awaited proposal for a new stock listing board on Friday that will offer special voting rights and waive profitability requirements, in a drive to attract firms which typically choose New York over the Hong Kong bourse. The proposal would allow Hong Kong Exchanges and Clearing to make a play for...

  • TOKYO, June 16- Trading in shares of Japanese air bag maker Takata Corp will be temporarily suspended on Friday, following media reports that the company is preparing to file for bankruptcy, said Japan Exchange Group, which operates Tokyo Stock Exchange.

  • LONDON, June 14- The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas as the London- run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said. SGX's ownership of the Baltic has enabled the exchange to set its sights on developing new areas, especially...