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Detroit emergency manager says city 'clearly insolvent'
Reuters(Reuters) - Detroit is clearly insolvent and could face a possible bankruptcy if talks with labor unions and creditors do not make substantial progress on easing the city's cash crunch, the city's emergency financial manager said on Monday. In his...Tags: Marketing, Economy, Business and Finance, Crime, Law and Justice, Collective Contract, Freedom of the Press
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Japan economy minister says government, Bank of Japan to work for JGB market stability
ReutersTOKYO (Reuters) - Economics Minister Akira Amari said on Tuesday that the government and the Bank of Japan would continue to make efforts to reduce volatility in the Japanese government bond market. "Spikes in Japanese government bond yields would affect...Tags: Japan
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GLOBAL MARKETS-Dollar's strength weakens oil, gold; stocks fall
Reuters* Dollar steady after G7 backs Japan's easing efforts * Dollar hits 4-1/2-year highs versus dollar * Oil, gold prices fall on dollar's strength; U.S., European stocks retreat from recent highs By Richard Leong NEW YORK, May 13 (Reuters) - The dollar...Tags: Foreign Exchange Market, Stock Activities, Financial Markets, G7, Nasdaq Composite
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Ten new deals enter US high-yield pipeline
ReutersBy Rachelle Kakouris NEW YORK, May 13 (IFR) - The high-yield market started where it left off Friday with the new issue window remaining wide open for corporate borrowers across the credit spectrum. Ten new dollar deals entered the pipeline this...Tags: Economy, Business and Finance, Finance, Credit and Debt, Elan Corporation Plc, Fifth Third Bancorp
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US ABS primary market kicks off new week with 3 new auto deals
ReutersBy Charles Williams NEW YORK, May 13 (IFR) - The US ABS primary market was off to a fast start this week with three new auto deals announced in less than an hour. Ford announced its second prime retail transaction of the year, the US$1.342bn Ford Credit...Tags: Services and Shopping, Hyundai, JPMorgan Chase & Co., Ford, Moody's Corporation
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GLOBAL MARKETS-Dollar strengthens, denting oil and gold; stocks stall
Reuters* Dollar firm after G7 backs Japan's easing efforts * Dollar hits 4-1/2-year highs versus yen * Oil, gold prices fall on dollar's strength * U.S., European stocks pause at recent highs By Richard Leong NEW YORK, May 13 (Reuters) - The dollar rose...Tags: Foreign Exchange Market, Financial Markets, Nasdaq Composite, JPMorgan Chase & Co., Metal and Mineral
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Greece plans bond market return first half of next year, PM says
ReutersATHENS (Reuters) - Greece plans to sell bonds at some point early in 2014, ending four years of exclusion from international capital markets, the country's Prime Minister Antonis Samaras said on Monday. This is the most optimistic forecast about a bond...Tags: Economy, Business and Finance, International Organizations, Finance, Financial Markets, Antonis Samaras
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GLOBAL MARKETS-Stronger U.S. dollar dents oil, gold; stocks pause
Reuters* Dollar firm after G7 backs Japan's easing efforts * Dollar hits 4-1/2-year highs versus yen * Oil, gold prices fall on dollar's strength * U.S., European stocks stall at recent highs By Richard Leong NEW YORK, May 13 (Reuters) - The dollar...Tags: Foreign Exchange Market, Stock Activities, Financial Markets, Nasdaq Composite, Metal and Mineral
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Another busy start for US high-yield market
ReutersBy Rachelle Kakouris NEW YORK, May 13 (IFR) - It was another busy start to the week in high yield with four new deals priced and a plethora of new names filling the pipeline for the coming days. While some expressed surprise at the vast amount of new...Tags: Economy, Business and Finance, Finance, Credit and Debt, Loans, Fifth Third Bancorp
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Two EM trades make for blockbuster day in US high-grade market
ReutersBy Shankar Ramakrishnan NEW YORK, May 13 (IFR) - Two emerging market trades transformed what looked like a relatively sedate day into a blockbuster Monday as they collectively raised USD14.25bn, or the bulk of the total USD16.325bn of high-grade paper...Tags: Economy, Business and Finance, Deutsche Bank AG, JPMorgan Chase & Co., Northern States Power Company, Prices
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Argentina faces very different debt default if loses legal fight
Reuters* U.S. appeals court ruling expected in coming weeks * Argentina could take its case to the Supreme Court * Market is prepared for a technical default By Hilary Burke BUENOS AIRES, May 13 (Reuters) - When Argentina defaulted on its debt in 2002, the...Tags: Crime, Law and Justice, Economy, Business and Finance, Credit and Debt, Finance, Collective Contract
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Petrobras 6-part deal to buoy US high-grade issuance
ReutersBy John Balassi NEW YORK, May 13 (IFR) - Although stock futures are in the red Monday morning after a big run last week and weaker-than-expected Chinese economic data, the issuance trend in the credit markets should continue -- supported by investors...Tags: Economy, Business and Finance, Deutsche Bank AG, European Union, Money and Monetary Policy, Citigroup Incorporated
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