Brazil's economic activity unexpectedly fell in May, central bank data showed on Monday, dragged down by a sharp drop in the farm sector along with declines in tax revenue and industrial output. The IBC-Br index, a leading indicator of gross domestic product, fell 0.7% in May from April on a seasonally adjusted basis, well below the flat reading expected in a Reuters poll.
* Zero rates likely to squeeze Swiss bank lending margins. * Banks expected to pass on cost to borrowers. * Last zero rate phase fuelled higher property prices. By Oliver Hirt, John Revill, Ariane Luthi.
BondCliQ and FactSet also announce corporate bond integration that will further enhance wealth and data insights available via FactSet BondCliQ Inc. announces today that FactSet Research Systems Inc. (FDS), a global financial digital platform and enterprise solutions provider, has made a lead investment in its current funding round.
* Trump threatens 30% tariffs on EU, Mexico. * * US CPI, PPI data due later this week. By Anushree Mukherjee. Gold rose to a three-week high on Monday, boosted by safe-haven demand after U.S. President Donald Trump threatened tariffs on the European Union and Mexico, while silver hit a near 14-year peak.
LOS ANGELES, July 14, 2025 ?B. Riley Financial (RILY), Inc., a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement with an institutional investor, which will reduce the Company's total outstanding debt by approximately $18 million.
New York City lawmakers spent big on social services. But the budget still leaves the city exposed to cuts by the Trump administration and congressional GOP.?
Macy?s, Inc. announced today that its wholly-owned subsidiary, Macy?s Retail Holdings, LLC, intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes due 2033 in a private offering.
* FTSE 100 up 0.4%; FTSE 250 gains 0.3% * AstraZeneca (AZN) gains after drug meets late study goals. * Associated British Foods (ASBFF) up after stock upgrade. June 13 - The UK's blue chip index held just below its all-time high hit last week as investors assessed the trajectory of U.S. tariffs as well as domestic interest rates, while AstraZeneca (AZN) gained on successful drug trial results.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Finance and Markets?. European markets have given something of a gallic shrug to Donald Trump's tariff threat against the region over the weekend, with investor concern instead appearing to build about the intensifying White House attack on Federal Reserve chair Jerome Powell.
By Mike Dolan. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets. European markets. have given something of a gallic shrug to Donald Trump's tariff threat. against the region. over the weekend, with investor concern instead appearing to build about the intensifying White House attack on Federal Reserve chair. Jerome Powell.
NEW YORK, July 14, 2025 Burford Capital Limited (BUR), the leading global finance and asset management firm focused on law, announces the successful completion of its new issuance of $500 million of senior notes on Friday, July 11, 2025.
U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill. Trump should be careful what he wishes for.
Bank of England Governor Andrew Bailey urged caution as the U.S. pushes pro-crypto policies, highlighting risks to financial stability and the nature of money.
German exporters have lost significant ground in global markets since 2021 due mainly to a broad-based deterioration in the country's competitiveness, the Bundesbank said on Monday.
* US president is pressuring Fed to sharply lower interest rates. * Fed policy rate of 1% is typically a sign of economic crisis. * Cuts to that level could reignite inflation, raising government borrowing costs. By Howard Schneider.
U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
* June new yuan loans 2.24 trln yuan vs May's 620 bln yuan. * TSF growth quickest since February 2024. * Economist warns tailwind may fade over the rest of year. * China due to release Q2 GDP data on Tuesday. By Kevin Yao and Ellen Zhang.
By Mike Peacock. Investors may be fixated on Donald Trump's attacks on the Federal Reserve, but the Bank of England also faces increasing political scrutiny, raising alarm bells about the future of central bank independence.
HONG KONG, July 14, 2025 OP Investment Management Ltd., Asia's leading fund platform, is partnering with Geoffrey Barker to launch an offshore Cayman-domiciled fund, the Counterpoint Asian Macro Master Fund. The Fund is led by Geoffrey Barker, a seasoned macro investor with over three decades of experience in global markets.
* China's export growth quickened in June, imports rebound. * Exporters making most of U.S.-China tariff truce, analysts say. * China's trade surplus grew to $114.7 billion last month. By Joe Cash and Ethan Wang.
* Euro, Mexican peso dip after Trump's latest tariff threats. * Overall currency reaction muted. * Trump calls for Powell to step down again. * Traders eye China GDP, US CPI releases. By Rae Wee.
* Trump threatens 30% tariffs on EU. * Focus on US CPI data due on Tuesday. * Gold speculators cut net long positions - CFTC. By Brijesh Patel. Gold prices touched a three-week high on Monday, supported by safe-haven demand after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.
* Euro, Mexican peso dip after Trump's latest tariff threats. * Overall currency reaction muted. * Trump calls for Powell to step down again. * Traders eye China GDP, US CPI releases. By Rae Wee.
* White House's Hassett: Fed has 'a lot to answer for' on cost overruns. * Trump can fire Fed Chair Powell 'for cause,' Hassett says. * Republican lawmaker Hill: Trump can criticize, but not fire Powell. * Potential Fed candidate Warsh calls for 'regime change' at Fed. By David Lawder.
Corrects cost overrun figure to $700 million in second paragraph. U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.
* EU position attracts swift backing from European capitals. * Bloc ready to take 'proportionate countermeasures' if needed. * Macron says Commission must defend bloc's interests 'resolutely' * Trump's biggest grievance is merchandise trade deficit.
Brazil's central bank will sell up to $1 billion in a dollar auction with repurchase agreement on July 15, it said in a statement on Friday. The auction will start at 10:30 a.m. local time on Tuesday, the central bank said, adding the repurchase is set for November 4. In recent months, the central bank has been promoting. auctions. to roll over maturities scheduled for the beginning of each month.
Brazil's central bank will sell up to $1 billion in a spot dollar auction with repurchase agreement on July 15, it said in a statement on Friday. The auction will start at 10:30 a.m. local time, the authority added.
KBRA assigns a long-term rating of AAA to the City of Dublin, OH General Obligation Various Purpose Improvement and Refunding Bonds, Series 2025. Key Credit Considerations The rating was assigned/affirmed because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Canada's main stock index pulled back on Friday from a record high as investors weighed the prospect of increased U.S. tariffs on Canadian goods and after domestic jobs data clipped expectations the Bank of Canada would resume its easing campaign. The S&P/TSX composite index ended down 59.05 points, or 0.22%, at 27,023.25, after notching a record closing high on Thursday.
Kroll Bond Rating Agency has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (WSFS). ?For the tenth consecutive year, WSFS has received a strong Investment Grade debt rating from KBRA.
BlackRock Taxable Municipal Bond Trust (BBN) announced today an increase to its monthly distribution rate, driven by higher Fund earnings. Details are highlighted in the table below: Key dates: Declaration- 7/11/2025 Ex-Date- 8/15/2025 Record- 8/15/2025 Payable- 8/29/2025.
Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning March 10, 2025 through July 9, 2025, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the Trigger E...
-U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data.
U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that is not yet obvious in the data.
* Trump announces new tariffs on Canada. * Consumer price data due next week next major economic focus. * Treasury seeks dealer feedback on T-bill issuance. By Karen Brettell.
Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.
-The U.S. Treasury Department on Friday asked primary dealers for input regarding how it should rebuild its cash balance following the increase in the debt ceiling, and how many Treasury bills it could issue without disrupting the market. The survey was part of Treasury's normal procedure ahead of its quarterly refunding announcement, which is next due later this month.
The U.S. Treasury Department on Friday asked primary dealers for input regarding how it should rebuild its cash balance following the increase in the debt ceiling, and how many Treasury bills it could issue without disrupting the market. The survey was part of Treasury's normal procedure ahead of its quarterly refunding announcement, which is next due later this month.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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