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Fitch gives thumbs up to California budget restraint
ReutersMay 17 (Reuters) - California Governor Jerry Brown's fiscal 2014 revised budget proposal is built on a "prudent" revenue forecast and "restrained" spending growth, Fitch Ratings said on Friday. The plan "would continue the disciplined approach to...Tags: Weather, Ratings, Finance, Thomson Corporation, Jerry Brown
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US high-yield deal pace slows as investors digest frantic week
ReutersBy Rachelle Kakouris NEW YORK, May 17 (IFR) - Just two new high-yield issues are in the works on Friday as investors digest the previous session's glut of 10 new deals totaling almost USD4bn. That followed more than USD10bn from 18 deals earlier in...Tags: Deutsche Bank AG, Bonds, S&P 500, Petroleum Industry, Goldman Sachs Group, Inc.
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ANALYSIS-Upgrade crowns Turkey's peaceful rise but pitfalls loom
ReutersBy Paul Taylor PARIS, May 17 (Reuters) - Turkey's achievement of investment-grade status crowns a decade of rapid growth, financial stability and political reform by a "tiger" economy on the seam of Europe and Asia, but the rising power still faces...Tags: International Monetary Fund, Ankara (Turkey), Unrest, Conflicts and War, Turkey, European Debt Crisis
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Analysis: Upgrade crowns Turkey's peaceful rise but pitfalls loom
ReutersPARIS (Reuters) - Turkey's achievement of investment-grade status crowns a decade of rapid growth, financial stability and political reform by a "tiger" economy on the seam of Europe and Asia, but the rising power still faces pitfalls in a dangerous...Tags: Ankara (Turkey), International Monetary Fund, European Debt Crisis, Israel, Moody's Corporation
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Fitch cuts Slovenia as bailout worries continue
ReutersNEW YORK (Reuters) - Fitch Ratings on Friday cut Slovenia's long-term foreign currency rating to BBB-plus from A-minus and warned more cuts could be on the way as worries remain over whether the country's shaky banking sector could help prompt a bailout...Tags: Moody's Corporation, Slovenia, Standard & Poor's Financial Services LLC
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ANALYSIS-Bullish yuan herd leaves China fundamentals in the dust
Reuters* Yuan rally since Aug 2012 may be near an end * Bullish trend looks divorced from fundamentals * Companies have taken aggressive short dollar positions * If economy weakens, possible 2011-style short squeeze By Gabriel Wildau SHANGHAI, May 13...Tags: New Zealand, Finance, Exports, Foreign Exchange Market, Economy, Business and Finance
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Junk rating risk casts shadow over Spanish bonds
ReutersLONDON (Reuters) - Spain's borrowing costs will rise if its credit rating is cut as much as market prices imply. The cost of insuring against a Spanish default suggests investors expect another cut in its sovereign ratings, to junk, according to...Tags: Citigroup Incorporated, Morgan Stanley Dean Witter & Company, Moody's Corporation, Economy, Business and Finance, Credit and Debt
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Buying a home better than renting after two years, Zillow says
Sun SentinelBuying a home in South Florida is more affordable than renting after only two years, according to Zillow.com. A first-quarter study by the real estate website showed that Palm Beach, Broward and Miami-Dade counties tied with Detroit for the nation&...Tags: Real Estate Buyers, Fort Lauderdale, Services and Shopping, Palm Beach County, Real Estate
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Turkey welcomes Moody's upgrade, bond yields tumble
Reuters* Upgrade stamps approval on decade of reform * Move expected to boost investment flows * Bond yields hit record lows, Turkish lira weakens * Minister warns of lira appreciation pressure By Daren Butler ISTANBUL, May 17 (Reuters) - Turkey hailed...Tags: Turkey, Government, Moody's Corporation, Globalization, Economy, Business and Finance
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US STOCKS-Futures advance with UMich data, leading indicators due
Reuters* University of Michigan consumer sentiment data, leading indicators on tap * J.C. Penney dips after earnings * Kansas City Southern to join S&P 500 * Futures up: Dow 39 pts, S&P 4.4 pts, Nasdaq 5.75 pts By Chuck Mikolajczak NEW YORK, May 17...Tags: Nikkei, Stock Market, JC Penney Company Inc., Dean Foods Company, Central Bank
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GLOBAL MARKETS-Shares bounce off lows after talk of Fed QE exit
Reuters* Fed officials urge bank to begin stimulus withdrawal * Dollar rises to near 10-month highs * Bund future surges on talk ECB edging towards negative rates * European shares recover as investors buy the dips * Copper up for 2nd day after China data By...Tags: Foreign Exchange Market, Central Bank, Federal Reserve, European Central Bank, China
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COLUMN-Business Development Companies: High yield, high risk
ReutersBy John Wasik CHICAGO, May 17 (Reuters) - In a frantic search for yields, investors often turn toward relatively unknown products. Business Development Companies (BDCs) are one of latest vehicles to grab investor attention - and money. BDCs are...Tags: Ratings, Ares Capital Corporation, Bank of America Corp., Financial Markets, Finance
May 17, 2013
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|Story| South Florida Sun-Sentinel
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