Yen Shines in Land of the Rising Son
Byline: Robert Guy Oct 16, 2012 (The Australian Financial Review - ABIX via COMTEX) -- The strong yen is causing a great deal of concern in Japan, but some businessmen are taking advantage of the...
View ArticleSwan Hangs on Global Risks
Byline: Jacob Greber and Laura Tingle Oct 16, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Australian Treasurer Wayne Swan has warned that the outlook for global economic growth will...
View ArticleMarket Post: Munis Remain Sleepy after Weekend
Byline: Taylor Riggs The tax-exempt market struggled to wake up Monday morning as traders reported quiet conditions with little activity. "Munis aren't getting any action," a New York trader said....
View ArticleCME Gets OK on New Margin Rules to Blunt Swaps Clearing Costs
CHICAGO (Reuters) - CME Group Inc. said on Tuesday [Oct. 16] it has won regulatory approval for new rules that could blunt an expected rise in margining costs as regulators force as much as $400...
View ArticleU.S. CFTC's Chilton: Fine 'Cheetah' Traders by the Second
DALLAS (Reuters) - High-frequency traders should register with the government, do more testing of software and face penalties for every second that they break the law, a top regulator said on Tuesday...
View ArticleMurphy Oil Corp. to Spin off U.S. Downstream Unit
EDITOR'S NOTE: This story has been updated throughout. EL DORADO, Ark. (Reuters) - Murphy Oil Corp. said it will spin off its smaller retail gasoline business in the United States, review options for...
View ArticleSome Questions for the Asian Economic Century
I returned from a quick trip through parts of Asia on Saturday, thinking that we have reached a critical stage in terms of economic policy and development in many parts of that region, especially in...
View ArticlePushing the Reset Button on LIBOR
The UK Financial Services Authority has unveiled a 10-point plan to revamp LIBOR (the London Interbank Offered Rate) but has stopped short of scrapping the benchmark interest rate. "The system is...
View ArticleMarket Close: Munis End Steady as Retail Primary Launches
Byline: Taylor Riggs The municipal bond market ended steady to stronger Monday after a day that saw mostly muted activity. Despite several retail order pricings being released, most market participants...
View ArticleIndiana University to Tap Advisors for Parking Privatization
Byline: Caitlin Devitt CHICAGO a Indiana University plans to select a financial advisor by the end of the week to help manage the proposed privatization of its parking system. It will be one of three...
View ArticleSouthern Calif. Startup with $160M of Debt Goes Belly Up
Byline: Randall Jensen SAN FRANCISCO a A Southern California company that issued nearly $160 million of municipal bonds for a sewer waste-to-energy business has closed and is in liquidation. Enertech...
View ArticleGreat Plains Regional Med Ctr, Neb., Ratings Lowered to A-Minus by S&P
Standard & Poor's Ratings Services lowered its long-term rating to A-minus from A on the Lincoln County Hospital Authority No. 1, Neb.'s series 2009 and 2002 bonds and its underlying rating (SPUR)...
View ArticleNew Jersey Revenue Collections Are Up
Byline: Tonya Chin New Jerseyas revenue collections for September came in at $2.3 billion a up 3.9% from last yearas figures, according to recent data from the stateas treasury department. The stateas...
View ArticleBofA Hires Margaret Ren as BofA Merrill China Chairman
HONG KONG (Reuters) - Bank of America Corp. hired veteran China banker Margaret Ren as chairman of its China business, a memo obtained by Reuters on Tuesday [Oct. 16] showed, bringing her back into the...
View ArticleIndustry Groups Spend Millions on Lobbying; States & Locals Not So Much
Byline: Lynn Hume WASHINGTON a The Financial Industry Regulatory Authority and four major industry groups spent millions of dollars on lobbyists to push their agendas on Capitol Hill, while the...
View Article-Yes Bank Economist Says RBI Rate Cut Highly Unlikely
Global Banking News-October 16, 2012--Yes Bank economist says RBI rate cut highly unlikely(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 16 October 2012 A senior economist with...
View ArticleUAE GDP to Gain AED65 Billion in 2012
The UAE's nominal gross domestic product is expected to gain nearly AED65 billion ($17.8 billion) in 2012, remaining the second largest Arab economy after Saudi Arabia The country's GDP peaked at...
View ArticleCiti's CEO Pandit Exits Abruptly after Board Clash
EDITOR'S NOTE: This story has been updated with Citi's closing stock price. NEW YORK (Reuters) - Citigroup Inc.'squit as chief executive on Tuesday [Oct. 16] after months of simmering tensions with the...
View ArticleJeffrey Lacker: Job Growth Fluctuates around Trend
Byline: Market News International CHARLOTTESVILLE, Va. - Richmond Federal Reserve Bank President Jeffrey Lacker Friday said jobs growth in the U.S. is on a sluggish trend, and said the central bank's...
View ArticleS&P: Radian Group, MGIC Investment Corp. Ratings Raised to CCC-Plus
Standard & Poor's Rating Services said Monday it has raised its long-term issuer credit ratings on Radian Group Inc. (RDN) to CCC-plus from CCC-minus and MGIC Investment Corp. (MTG) to CCC-plus...
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