HOULTON, Maine, Nov. 1, 2024 ?Katahdin Bankshares Corp. (KTHN), parent company of Katahdin Trust Company, has extended an offer to repurchase any or all of its outstanding 5.375% Fixed Senior Unsecured Notes having a maturity date of June 15, 2026. These notes presently are held of record by nine institutional investors, in an aggregate principal amount of $14.5 million.
-U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that the labor market remained on solid footing ahead of Tuesday's election.
Euro zone bond yields fell on Friday after data showed the U.S. labour market slowed sharply in October, bolstering market expectations for Federal Reserve rate cuts. U.S. nonfarm payrolls grew by just 12,000 in October, in a month when hurricanes and strikes impacted the figures.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the month of November 2024. Portfolio and municipal market commentary will be published on or around November 1, 2024 and can be retrieved here.
Brazilian industrial production grew by more than expected in September, in another sign of economic strength which is likely to bolster bets on an acceleration in monetary tightening by the central bank at its meeting next week. Industrial output rose by 1.1% in September from August, government statistics agency IBGE said on Friday, above the median estimate of a 0.9% increase in a Reuters poll.
An October jobs gain far short of expectations makes a Federal Reserve interest-rate cut next week a near certainty, traders bet on Friday, and firms up the chance of further reductions in December and well into next year.
U.S. stock index futures slightly pared gains on Friday after job additions in October were much lower than estimated, while the unemployment rate remained steady. A Labor Department report showed nonfarm payrolls rose 12,000 in October, compared with an estimate of 113,000, according to economists polled by Reuters. The unemployment rate stood at 4.1%, as forecast.
* * Aerospace strikes cut manufacturing jobs by 46,000. * Jobless rate unchanged at 4.1%, labor force shrinks. * Payrolls survey response rate lowest in over 30 years. By Lucia Mutikani.
Copper prices rose on Friday as disappointing U.S. October jobs gain has firmed up chances of Federal Reserve interest-rate cut next week to weaken the dollar. Three-month copper on the London Metal Exchange rose 0.6% to $9,558 per metric ton during official rings.
CHANGZHOU, China, Nov. 1, 2024 On October 22-23, the World Economic Forum hosted the "Accelerating Industrial Transformation and?Decarbonization 2024" summit in Tokyo, Japan. Helena Li, Executive President at Trinasolar, delivered a speech titled "Empowering the Digital Age: Aligning ICT and Clean Energy for a Sustainable Future".
Lomholt-Thomsen to focus on global growth and client strategy NIQ, the world?s leading consumer intelligence company, announced the appointment of Steen Lomholt-Thomsen as its new Chief Commercial Officer, effective November 1, 2024.
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:
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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