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Diversified Financial Services Specialized Finance

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  • SAO PAULO, May 14- Brazil's BM&FBovespa SA posted first-quarter net income of 279.7 million Brazilian reais, a 9.2 percent increase over the same period last year, according to a securities filing on Thursday. The result was below the 295 million reais expected in a Reuters poll of four analysts. Market volatility due to economic uncertainty in Brazil and bets on...

  • S&P downgrades Chicago GO bonds to A- from A+ Thursday, 14 May 2015 | 7:11 PM ET
    Chicago

    S&P credit rating agency on Thursday downgraded Chicago's general obligation bonds to A- from A+.

  • S&P downgrades Chicago GO bonds to A- from A+ Thursday, 14 May 2015 | 6:50 PM ET

    NEW YORK, May 14- S&P credit rating agency on Thursday downgraded Chicago's general obligation bonds to A- from A+, which the agency said was three notches above "junk" level, citing the financial challenges the city is facing. The agency said it expects the city will address its liquidity pressures, "whether through full re-negotiations or through utilizing its own...

  • WASHINGTON, May 14- The top U.S. derivatives regulator said on Thursday that his agency has directed exchange market operator CME Group Inc to beef up its enforcement staff and develop plans to detect manipulative "spoofing" tactics. Commodity Futures Trading Commission Chairman Tim Massad discussed the agency's recommendations to CME in prepared...

  • Issues like the cost of trading on exchanges, trading incentives and broker standards, were discussed by the U.S. Securities and Exchange Commission's Market Structure Advisory Committee at its day-long meeting in Washington, D.C. The panel's 17 members include representatives from fund companies, an exchange, off-exchange trading venues, dealers and...

  • TORONTO, May 11- The operator of the Toronto Stock Exchange, TMX Group Ltd, posted a 8.2 percent decline in first-quarter profit on Monday, missing analyst estimates, due to low commodity prices and higher expenses. Operating expenses in the quarter rose 13 percent to $118 million, driven mainly by a charge related to headcount reductions. The Toronto- based...

  • TORONTO, May 11- The operator of the Toronto Stock Exchange, TMX Group Ltd, posted a 8.2 percent decline in first-quarter profit on Monday due to low commodity prices and higher expenses. The Toronto- based company said it had net profit attributable to shareholders of C $42.6 million, or 78 Canadian cents per share, compared with a profit of C $46.4 million, or 86...

  • CHICAGO, May 8- Standard& Poor's Ratings Services put Illinois' A-minus credit rating on a watch list on Friday for a possible downgrade after the state supreme court voided a law aimed at easing the state's huge public pension liability. The credit rating agency said it has a three-month window in which it will focus on the upcoming fiscal 2016 Illinois budget.

  • NEW YORK, May 8- The decision by the Illinois Supreme Court to void a 2013 pension reform law is negative for the state and puts it under increased pressure to devise a way to pay for liabilities created through decades of insufficient contributions, Moody's credit rating agency said on Friday. Illinois will come under increasing pressure to manage its pension...

  • Stock market operator Chi-X exploring sale - source Wednesday, 6 May 2015 | 4:50 PM ET

    May 6- Stock market operator Chi-X Global Holdings, owned by Nomura Holdings Inc and other banks, is exploring a sale that could fetch as much as $400 million, a person familiar with the matter said. Chi-X is working with investment bank Moelis& Co to find potential suitors, according to the person. JPMorgan Chase& Co, Bank of America Corp, UBS Group AG, and Goldman Sachs...

  • May 5- BATS Global Markets said on Tuesday it filed a proposal with the U.S. Securities and Exchange Commission seeking to no longer offer trading in thinly traded stocks. BATS said the proposal, if implemented, would keep trading in the designated stocks on either the Nasdaq Stock Market or the New York Stock Exchange. The securities industry has bandied about...

  • CHICAGO, May 1- Chicago's $20 billion unfunded public pension liability is on track to grow significantly regardless of the outcomes of litigation over the constitutionality of benefit cuts or legislative action, Moody's Investors Service said on Friday. But the credit rating agency warned there will be a growing risk to Chicago's solvency if its four...

  • CHICAGO, May 1- CBOE Holdings Inc, operator of the largest U.S. stock options market, will cut expenses in response to weak trading volumes, the company said on Friday as it reported a decline in quarterly earnings. The owner of the Chicago Board Options Exchange has suffered because investors have not been worried about the potential for a sustained downturn in...

  • CHICAGO, May 1- CBOE Holdings Inc, operator of the largest U.S. stock options market, will cut expenses in response to weak trading volumes, the company said on Friday as it reported a decline in quarterly earnings. Chief Executive Ed Tilly described market conditions as challenging for the owner of the Chicago Board Options Exchange, with first-quarter volumes...

  • CHICAGO, May 1- CBOE Holdings Inc, operator of the largest U.S. stock options market, on Friday reported stronger-than-expected quarterly earnings despite a decline in trading volumes. Net income allocated to common stockholders fell to $42.1 million, or 50 cents per share, in the first quarter, down from $48.5 million, or 56 cents per share, a year earlier.

  • May 1- Credit rating agency Moody's Corp reported a better-than-expected quarterly profit, driven by strong growth in its bond ratings and financial services businesses. High-grade U.S. corporate debt offerings jumped 8 percent to $341.9 billion in the first quarter from a year earlier, marking the strongest three-month period for the asset class since...

  • *Greece could miss upcoming IMF, ECB payments without aid. LONDON, May 1- Most top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary Fund or European Central Bank, a stance that could keep vital ECB funding flowing into the financial system. Greece owes nearly 1 billion euros to the IMF in May...

  • April 30- CME Group Inc on Thursday suspended two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash. Heet Khara and Nasim Salim, both traders of CME Group's gold and silver futures contracts on its Comex exchange in New...

  • SAN FRANCISCO, April 30- CME Group Inc on Thursday barred two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash. Heet Khara and Nasim Salim, both traders of CME Group's gold and silver futures contracts on its Comex...

  • April 30- CME Group Inc, the world's largest futures exchange operator, reported a better-than-expected quarterly profit, driven by increased trading volumes. Net income attributable to CME Group rose about 24 percent to $330.4 million, or 98 cents a share, in the first quarter ended March 31, from a year earlier. The company has been in the spotlight after U.S....