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INTERVIEW-Nigeria says switching to foreign debt to lower costs
Reuters* Nigeria says to cut domestic debt over 3-5 years * Says foreign borrowing 800 bps cheaper than local debt * Targets Debt/GDP ratio of 17 pct by 2018 (Adds analyst comment, details) By Chijioke Ohuocha LAGOS, May 20 (Reuters) - Nigeria will increase...Tags: Nigeria, Debt Market, Car Safety Tips and Advice, Economy, Business and Finance, Central Bank
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Solid week of US high-grade issuance expected
ReutersBy John Balassi May 20 (IFR) - Despite heading into Monday with increased interest-rate volatility, and stock futures slightly in the red after a big run last week, the credit markets are likely to see another solid week of issuance on the heels of three...Tags: Nintendo Company Ltd., Federal Reserve, Stock Market, Bonds, Computing and Information Technology Industry
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Troubled Dolton senior center a burden on taxpayers
The Dorchester Senior Center in the south suburbs has a steady stream of visitors: attentive relatives, busy repairmen and, lately, inquisitive federal investigators. The five-story, village-owned building that looks out over a dreary interstate has...
Tags: FBI, Realty, Renovation, Politics, Local Elections
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PREVIEW-BOJ may seek ways to calm bond market, policy on hold
Reuters(Recasts with new lead, adds Reuters surveys) * Board meets May 21-22; decision seen May 22 0330-0500GMT * No policy action expected after massive April stimulus * BOJ may fine-tune market operations to stem bond rout * Strong GDP may prompt BOJ to revise...Tags: Inflation and Deflation, Shinzo Abe, Tokyo (Japan), Economy, Business and Finance, JPMorgan Chase & Co.
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BOJ may seek ways to calm bond market, policy on hold
ReutersTOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy this week despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations. The central bank may...Tags: Inflation and Deflation, Money and Monetary Policy, Financial Markets, Japan, Bonds
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No case for S&P ratings downgrade: India economic affairs secretary
ReutersNEW DELHI (Reuters) - There is no case for downgrading India's sovereign credit rating, Economic Affairs Secretary Arvind Mayaram told the news channel ET Now on Monday, after Standard & Poor's reiterated its negative outlook on the country's credit...Tags: India, Ratings, Credit and Debt, Standard & Poor's Financial Services LLC
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RPT-Investment grade Turkey hopes and fears more investment
ReutersBy Sujata Rao LONDON, May 17 (Reuters) - The coveted investment grade rating has arrived in Turkey and foreign capital may follow - possibly a lot of it. But here's the multi-million lira question: What kind of cash will it be? What Turkey desperately...Tags: Istanbul (Turkey), Weight, Turkey, Market Research, Bonds
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Nikkei hits new 5 1/2-year high on weak yen, signs of improving economy
ReutersTOKYO (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two...Tags: Shinzo Abe, Exports, Toshiba Corporation, Mitsubishi Heavy Industries Limited, S&P 500
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Ghosts of incinerator bond deal haunt Harrisburg election
Reuters* Democratic Party primary is on Tuesday * City is poster child for mismanaged public finances By Hilary Russ May 19 (Reuters) - In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the...Tags: ABC (tv network), Public Finance, Politics, Labor Legislation, Banking
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Analysis: Frontier Markets booming but risks mounting
ReutersNEW YORK (Reuters) - With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets...Tags: Paraguay, Rwanda, Egypt, Investment Service, Economic Policy
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PRESS DIGEST-Australian Business News - May 20
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Leighton Holdings will accelerate cost cutting initiatives to weather deteriorating...Tags: Coal, Travel, Target, Westpac Banking Corporation, Metal and Mineral
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Six more deals feed hungry US high-grade primary market
ReutersBy John Balassi May 16 (IFR) - Even though investors have digested over USD30bn in high-grade supply in just three days, six more issuers were in the USD primary market on Thursday looking to take advantage of tightening credit spreads and lower rates....Tags: Kazakhstan, BNP Paribas, HSBC Holdings plc, Federal Reserve, Money and Monetary Policy
May 20, 2013
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May 20, 2013
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May 16, 2013
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