Costamare Inc. (CMRE) today reported unaudited financial results for the third quarter and nine-months ended September 30, 2024. I. PROFITABILITY AND LIQUIDITY II. Vessel Acquisitions. Vessel Disposals. III. IV. V. FULL PREPAYMENT OF UNSECURED BONDS VI. VII. VIII.
The Bank of Japan should wait for at least six months before hiking interest rates, until there are signs of sustainable wage gains above inflation, the head of the opposition party that the ruling LDP is courting for support said.
The Czech crown held off a
nearly three-month low on Friday, little moved by data showing a
slowing manufacturing decline as focus turned toward a central
bank rate meeting next week, while central ...
British factory activity contracted very slightly last month for the first time since April, pushed lower by fewer new orders and a broader lack of optimism in the run-up to the Labour government's first budget, a major survey showed on Friday.
Japan's government on Friday lowered its GDP growth forecast for the current fiscal year as weaker exports drag on a fragile economic recovery. In its revised estimates, the Cabinet Office cut its inflation-adjusted gross domestic product growth forecast for the current fiscal year ending in March 2025 to 0.7% from 0.9% projected in July.
Euro zone government bonds were little changed on Friday after a sell-off last month, with investors focusing on a U.S. jobs report later in the day that could set the tone heading into next week's Federal Reserve meeting and presidential election.
Japan's two-year government bond yield hit a 16-year high on Friday, as bets rose for a Bank of Japan interest rate hike after hawkish comments from the central bank's chief. The two-year JGB yield rose to 0.47%, its highest since December 2008.
The dollar steadied against major peers on Friday, with currency moves muted as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The U.S. dollar started the month not far off a one-week low after coming under pressure against the yen and on Thursday.
Japan's rising minimum wage is likely to push up inflation mainly through higher services prices, the central bank said on Friday, signalling confidence over prospects that inflation will sustainably hit its 2% inflation target. Sustained, broadening wage increases are among prerequisites the Bank of Japan has set in raising interest rates from current near-zero levels.
Britain's FTSE 100 index is seen opening higher on Friday, with futures up 0.14%. * UK BONDS: British government bond prices tumbled for a second day on Thursday as investors judged finance minister Rachel Reeves' first budget would boost inflation and cause the Bank of England to cut interest rates more slowly.
Japan's economy is expected to have slowed sharply in the third quarter hurt by sluggish consumption and capital spending, a Reuters poll showed, which could complicate the central bank's plans to hike rates further.
* Nonfarm payrolls forecast increasing 113,000 in October. * Hurricanes, strikes could subtract at least 100,000 jobs. * Unemployment rate estimated to have been unchanged at 4.1% * Average hourly earnings seen rising 0.3%; up 4.0% year/year. * Average workweek forecast to be steady at 34.2 hours. By Lucia Mutikani.
* Factory activity shrinks in Japan, South Korea. * China's Caixin PMI rises in October, aligns with official survey. * IMF warns of deflation risks in China, impact on broader Asia. By Leika Kihara.
The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session.
Global stock indexes jumped on Friday with Amazon.com (AMZN) shares rallying following the company's stronger-than-expected results, while benchmark 10-year Treasury yields rebounded from an earlier drop after a weak U.S. jobs report. Amazon.com (AMZN) shares were last up 7% after its late Thursday report.
Global stock indexes climbed on Friday with Amazon.com (AMZN) shares rallying following the company's stronger-than-expected results, while 10-year Treasury yields hit a four-month high as investors grew wary of buying bonds before the U.S. presidential election on Tuesday.
China's manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey showed on Friday.
China's manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey showed on Friday.
Japan must fund any additional spending plans within its budget rather than issuing more debt, the International Monetary Fund said on Friday, urging the government to get its fiscal house in order as the central bank starts to raise interest rates.
* IMF expects Asia's economy to grow 4.6% in 2024, 4.4% in 2025. * Risks to Asia's economic outlook tilted to downside, IMF says. * Deflationary pressure from China could proke trade tensions. * IMF urges China to fix property woes, boost consumption. * Sudden shift in Fed, BOJ expectations could jolt markets. By Leika Kihara.
- Federal Reserve Governor Adriana Kugler, the newest of the U.S. central bank's seven board members, has run afoul of new ethics rules governing how officials and their families can trade and invest after her spouse bought stock in Apple and another company without her knowledge this summer.
Most Asian central banks will cut interest rates slower than the U.S. Federal Reserve over the coming year, Reuters polls showed, as solid growth has eased pressure to maintain currency stability against a persistently strong dollar.
The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto to Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session.
South Korea's factory activity shrank for a second straight month in October, with output falling by the most in 16 months, a private survey showed on Friday, adding to recent signs of a slowdown in global demand.
Japan's factory activity shrank at the fastest pace in three months in October as weak domestic and overseas demand hurts sales and output, a private-sector survey showed on Friday. The final au Jibun Bank Japan manufacturing purchasing managers' index fell to 49.2 in October from 49.7 in September.
Japan's factory activity shrank at the fastest pace in three months in October as weak domestic and overseas demand hurts sales and output, a private-sector survey showed on Friday. The final au Jibun Bank Japan manufacturing purchasing managers' index fell to 49.2 in October from 49.7 in September.
Australia's central bank will hold its key interest rate at 4.35% on Tuesday and for the rest of the year, according to a Reuters poll of economists, as strong economic activity and sticky core inflation still warrant a cautious approach.
The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts, a Reuters poll found. Some analysts have attributed the dollar's 4% October rally to speculation about the likely result of the Nov. 5 U.S. presidential election.
All financial figures are in Canadian dollars unless otherwise noted Gibson Energy Inc. (GBNXF) announced today that it has agreed to issue $350 million of 4.45% senior unsecured notes due November 12, 2031. The offering is expected to close on November 12, 2024, subject to customary closing conditions.
Martin Marietta Materials Inc (MLM) : * MARTIN MARIETTA ANNOUNCES PRICING TERMS OF DEBT OFFERING. * Martin Marietta Materials Inc (MLM) - PRICING OF ITS OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.150% SENIOR NOTES DUE 2034. * Martin Marietta Materials Inc (MLM) - PRICING OF ITS OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE 2054 Source text: Further company coverage:
Martin Marietta Materials, Inc. (MLM) announced today the pricing of its offering of $750 million aggregate principal amount of 5.150% Senior Notes due 2034 and $750 million aggregate principal amount of 5.500% Senior Notes due 2054.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Aseguradora Agricola Comercial, S.A.. The outlook of these Credit Ratings is stable. The ratings reflect ACSA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
October's "price path has created wider spreads but also brought higher yields that are now in the range where a broader audience may begin to take notice," said NewSquare Capital Senior Fixed Income Portfolio Manager Kim Olsan, noting higher taxable equivalent yields for different tenors of the yield curve.
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.
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