Market Close: On A Busier Than Usual Friday, More Record Low Yields
Byline: Taylor Riggs The tax-exempt market was stronger for the ninth session Friday as traders said the muni rally was unstoppable. The municipal bond market climbed for two consecutive weeks and said...
View ArticleFINRA Fines 3 Firms $40,000 for Muni Violations
Byline: Lynn Hume WASHINGTONA a The Financial Industry Regulatory Authority has fined three Chicago-based firms a total of $40,000 for violations of muni trade reporting and other rules. The sanctions...
View ArticleTexas Lawmakers Set 11% Limit on Spending Increase in Next Budget
DALLAS a A Texas legislative board unanimously adopted a growth plan Thursday that would limit increases in state spending from non-dedicated revenue to less than 11% over the next two years. The newly...
View ArticleGetting Better in Schenectady
Byline: Tonya Chin Schenectady, N.Y., faces an unstable financial future, but increased economic development and better long-term financial planning point to signs of progress, according to an audit by...
View ArticleUpgrade for Barnabas Health
Byline: Tonya Chin Moody's Investors Service upgraded the rating on Barnabas Health, N.J., to Baa1 from Baa2, and revised the outlook to stable from positive. The action affects $899.5 million in pro...
View ArticleMan Group Sells Lehman Estates Exposure for $456 Million
LONDON (Reuters) - Hedge fund manageris selling off its legal claims to the estates of defunct U.S. investment bank Lehman Brothers in a $456 million deal that will boost its net cash position and...
View ArticleCollins Found Guilty in 2nd Trial over Refco Fraud
NEW YORK (Reuters) - A former Mayer Brown partner conspired with top executives at commodities brokerto hide its true financial condition from investors, a federal jury found on Friday [Nov. 16] at the...
View ArticleStarboard Value Asks Office Depot to Revoke Poison Pill
EDITOR'S NOTE: This story has been updated throughout. NEW YORK (Reuters) - Activist hedge fundasked Office Depot Inc. to immediately revoke its "poison pill" provision, claiming it limits the...
View ArticleHostess Brands Plans to Go out of Business
NEW YORK (Reuters) - Hostess Brands Inc., the bankrupt maker of Twinkies snack cakes and loaves of Wonder Bread, is seeking a U.S. court's permission to go out of business after failing to get wage and...
View ArticleCrude Prices Weaken on Sandy and Global Economic Outlook
Daniel Kaye, Senior Economist at NBK says crude oil prices declined in October on the impact of Hurricane Sandy and gloom over the world economy. The results of the US elections have also refocused...
View ArticleMoody's Assigns Baa2 IFSR to Qatar Islamic Insurance Company
Moody's Investors Service assigns Baa2 insurance financial strength rating (IFSR) to the Qatar Islamic Insurance Company (QIIC). The rating outlook is stable. Qatar Islamic Insurance Company (QIIC) was...
View ArticleIMF Says 'Stands Ready to Help' in Tunisia
"The IMF stands ready to help Tunisia with policy advice, technical assistance and, if appropriate, financing. The IMF will continue to remain closely engaged with the Tunisian authorities in providing...
View ArticleRebound in Investment Demand May See Silver over $50 in 2013
Thomson Reuters GFMS has launched its Interim Silver Market Review. Investment demand is seen as the prime driver of the silver price this year, being integral, for example, to both the rally to over...
View ArticleFitch Affirms BMB Investment Bank at 'B-', Revises Outlook to Positive
Fitch Ratings has affirmed BMB Investment Bank's Long-term Issuer Default Rating (IDR) at 'B-' and revised the Outlook to Positive from Stable. At the same time, the agency has affirmed the Viability...
View ArticleIndonesia Issues 10-Year $1 Billion Sukuk
The Government of Indonesia has issued its third sovereign Sukuk. The $1 billion, 10-year bond, is part of a $3 billion trust certificate issuance program. It was rated BB+ by Standard and Poor's, BBB-...
View ArticleSaudi Business Optimism Levels Rise, Says NCB
Composite Business Optimism Index for the non-hydrocarbon sector increases by 10 points to 47 in Q4 2012 on the back of strong sales, new orders and profitability outlook; composite Business Optimism...
View ArticleIslamist Parties: An Agent of Change for MENA Economies?
A special report from London-based consultancy Arabia Monitor focuses on the need for change following the 'Arab Spring' which paved the way for an unprecedented rise of Islamist parties to power,...
View ArticleEuropean Travel Offer on the Cards for Byblos Bank
Byblos Bank is offering cardholders the opportunity this December to fly to Europe. Holders of Byblos Bank Cards may exchange 19,000 Loyalty Points into a travel ticket to the European country of their...
View ArticleQNB Group: GCC Insulated from Severe Global Growth Shock
The outlook for the global economy remains gloomy with some key risks: a looming fiscal crisis in the US, potential for further disruption from Eurozone sovereign debt crises and a potential slowdown...
View ArticleMalawi a Step Closer to IMF Funding
A team from the International Monetary Fund (IMF), led by Tsidi Tsikata, visited Lilongwe 30 October-15 November 2012 for discussions on the first review of Malawi's Extended Credit Facility (ECF)...
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