From Global Markets 09:32 am
Greece's private sector creditors have agreed to take a 21 percent loss on their bond holdings as part of a 37 billion euro contribution to Greece's rescue plan agreed on Thursday.
From Global Markets 09:19 am
The possibility the United States could default on its debt next month has made the municipal bond market anxious, but the potential compromises Congress and President Barack Obama might strike to avoid a default may be making it even more nervous.
From Global Markets 09:23 am
Morgan Stanley surprised Wall Street with its better-than-expected earnings on Thursday, providing a sharp contrast to its rival, Goldman Sachs, which rattled investors with a 53 percent profit drop earlier this week.
From Tech 11:49 pm
Japan's major consumer electronics makers are expected to show April-June earnings collapsed due to the March earthquake, but focus is turning to whether they can meet their forecasts for a swift recovery, given a fragile global economy.
From Global Markets 10:30 am
Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August.
From Global Markets 10:46 am
Gold fever is gripping Asian investors and could spread to central banks as global growth uncertainties tarnish the appeal of other assets, putting bullion on course for more gains but also provoking fears about supply.
From Global Markets 10:23 am
Definite signs of a slowdown in the United States economy prompted fixed income strategists and analysts to trim their forecasts for rising Treasury note yields since last month, a Reuters poll showed on Wednesday.
From Global Markets 10:16 am
The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government's $14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday
From Global Markets 10:01 am
Investors have started reallocating money into commodities this month, reversing outflows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.
