Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp., a subsidiary of Magnolia Operating, announced today that they intend to offer, subject to market conditions and other factors, $400 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement to eligible purchasers, subject to market conditions.
Retail sales in Brazil rose less than expected in September but recovered from a fall in the previous month, as the strength of Latin America's largest economy keeps in focus amidst the central bank's fight against inflation.
Upstart Holdings, Inc. (UPST) today announced its intention to offer, subject to market conditions and other factors, $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.
Transaction expected to provide additional liquidity to help withstand near-term industrywide challenges GrafTech International Ltd. (EAF) today announced that it has entered into a commitment and consent letter with lenders holding all of its existing revolving commitments, an ad hoc group that holds over 81% of its existing secured bonds to provide new debt financing on competitive terms and extend...
* Futures down: Dow 0.16%, S&P 500 0.25%, Nasdaq 0.31% U.S. stock index futures dipped on Tuesday after Wall Street's rally over the past few days following election results as traders awaited key inflation data later in the week for more signals on the country's economic and monetary policy outlook.
Brazil's central bank said on Tuesday that further deterioration in inflation expectations could extend the monetary tightening cycle, with its policy conduct remaining "a fundamental factor" in steering expectations back towards the 3% target.
Protectionist policies from the incoming U.S. administration will hamper global growth and Europe must be better prepared than in 2018, European Central Bank policymakers warned on Tuesday.
Dish Network Corp.?s creditors have rejected the company?s bond exchange offer just ahead of a key deadline, threatening the proposed merger with DirecTV. What Happened: The steering committee of Dish lenders criticized the deal, calling it one of the largest ?engineered at the expense of creditors? in a letter seen by Bloomberg.
Protectionist policies from the incoming U.S. administration will hamper global growth and Europe must be better prepared than in 2018, European Central Bank policymakers warned on Tuesday.
The policies that U.S. President-elect Donald Trump will implement once in office will likely put upward pressure on inflation on both sides of the Atlantic, European Central Bank policymaker Robert Holzmann said on Tuesday. "He means what he has said and he will probably implement it faster than we expect.
Short-dated U.S. Treasury yields jumped to a fresh 3-1/2-month high on Tuesday as investors priced in the possibility of higher rates from U.S. President-elect Donald Trump's proposed policies on taxes and trade tariffs. The bond market had been closed for a holiday the day before.
* Alibaba (BABA), JD.com (JD) say shopper numbers rose, mum on sales specifics. * Apple (AAPL), Xiaomi (XIACF) among brands breaking 1 bln yuan in sales on Alibaba (BABA) platforms. * Home appliances and collectible toys among standout categories. By Casey Hall.
Euro zone government bond yields rose slightly on Tuesday as investors awaited possible clues about the European Central Bank monetary easing path from German economic data. The ZEW Economic Research Institute will issue figures on German investor morale later in the session.
Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand.
South Korean President Yoon Suk Yeol will visit Peru and Brazil on Nov. 14-21 to attend the Asia-Pacific Economic Cooperation and Group of 20 summits, his office said on Tuesday.
Japanese government bond yields inched up on Tuesday, tracking a rise in U.S. Treasury yields during Asian hours, as investors awaited fresh signals on the outlooks for the United States and Japan. The 10-year JGB yield rose 0.5 basis point to 1%, where it has hovered this week, while 10-year JGB futures fell 0.05 points to 143.6 yen.
* Alibaba (BABA), JD.com (JD) say shopper numbers rose, mum on sales specifics. * Apple (AAPL), Xiaomi (XIACF) among brands breaking 1 bln yuan in sales on Alibaba (BABA) platforms. * Home appliances and collectible toys among standout categories. By Casey Hall.
Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday. The survey from National Australia Bank (NAUBF) showed its index of business conditions held at +7 in October.
Australian consumer sentiment rose sharply in November for a second straight month, reaching a 2-1/2-year high with the mood on the economy and finances finally turning optimistic, a survey showed on Tuesday.
On October 23, 2024, Moody?s downgraded the long-term ratings of The Toronto-Dominion Bank (MLWIQXX) and its U.S. subsidiaries in response to the company?s guilty plea earlier in the month to having engaged in a conspiracy to commit money laundering and agreement to pay a $3 billion fine.
The focus: municipal advisors ? part of your regulatory responsibilities and duties (if you don't agree to evaluate pricing and/or structure, you must expressly disclose it to the client) and broker-dealers (fair dealing).?
Spain's former central bank governor, Pablo Hernandez de Cos, was picked on Monday to lead the Bank for International Settlements, the near century-old institution that brings together rate-setters from around the world. De Cos will replace Mexico's Agust?n Carstens as the BIS's General Manager on July 1, 2025, for a five-year term.
The Bank for International Settlements said on Monday it has appointed former European Central Bank official Pablo Hernandez de Cos as its general manager for a five-year term, starting July 1 2025. De Cos previously headed the Bank of Spain.
Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ending Wednesday, according to the Investment Company Institute.
Forum Energy Technologies Inc (FET) : * FORUM ENERGY TECHNOLOGIES ANNOUNCES CLOSING OF $100 MILLION SENIOR SECURED BOND ISSUANCE Source text: Further company coverage:
Forum Energy Technologies, Inc. (FET) announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds on November 8, 2024. Neal Lux, President and Chief Executive Officer, remarked, ?I am pleased with the team?s hard work to deliver on the strategic plan we outlined earlier this year.
Brazil's government debt as a share of gross domestic product declined in September from the previous month, marking its first drop after 14 straight months of increases, central bank data showed on Monday. The debt of Latin America's largest economy fell to 78.3% in September from 78.5% the previous month, also coming in below the 78.8% forecast by economists polled by Reuters.
Brazil's government debt as a share of gross domestic product decreased to 78.3% in September from 78.5% the month before, central bank data showed on Monday. The Brazilian public sector posted a primary deficit of 7.34 billion reais for the month, smaller than the 8 billion reais deficit forecast by economists polled by Reuters.
A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China's struggle with deflation and Germany's simmering political crisis - with the euro plumbing its lowest levels in almost five months.
Within weeks of Donald Trump's 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax cuts and tariffs on the economy, penciling in rough estimates of what was to come, with some among them concluding higher interest rates may be needed to keep inflation in check.
* Fed raised rates faster than expected after Trump's 2016 election. * Trump's new economic measures may clash with Fed's inflation control efforts. * Powell highlights strong economy but acknowledges lingering high price effects. By Howard Schneider.
Chinese banks extended 500 billion yuan in new loans in October, falling sharply from September and trailing behind analysts' expectations, as a ramp-up of policy stimulus to buttress a wavering economy fell short of boosting credit demand.
Japan's service-sector sentiment worsened and bankruptcy cases rose in October, data showed on Monday, casting doubt on the central bank's view the country was on track to meet its 2% inflation target driven by robust domestic demand.
- New Zealand's central bank will be under greater pressure to ease policy aggressively this month as its rate meeting calendar leaves an unusually long three-month gap until its next gathering, arguing for extra insurance against an economic slump.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Neutral? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones and S&P 500 recording their best week in the year following the election of Donald Trump as the 47th U.S. president.
Japan's 10-year government bond yield was unchanged on Monday, after U.S. Treasury yields fell last week. The 10-year JGB yield was flat at 1% after crossing that level for the first time in three months on Thursday. "The 10-year bond yield seems to be capped at 1%. If the yield surpasses that level, investors buy the bonds," said Gen Taniguchi, market analyst at Mizuho Securities.
* Dollar rebounds on yen, holds recent gains on euro. * Market trims scope for Fed rate cuts, BOJ hikes. * Week includes US CPI, China activity data. By Wayne Cole. The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package.
* BOJ braced for volatility post-U.S. election, summary shows. * Some members highlighted yen moves as key to policy outlook. * One called for rate hike after pause to assess U.S. developments. * BOJ kept rates steady at Oct meeting, near-term hike eyed. By Leika Kihara.
Bank of Japan policymakers were divided on how soon they could raise interest rates with some warning of the risk of renewed market volatility after the U.S. presidential election, a summary of opinions at their October meeting showed on Monday.
The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package.
The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package.
As things currently stand, there is no reason for the European Central Bank not to cut interest rates in December but the decision will be based on the data available then, ECB policymaker Robert Holzmann said in remarks published on Sunday.
* Trump has vowed to deport immigrants in U.S. illegally. * Kashkari says the "implications are not entirely clear" Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday.
Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday.
The Bank of Japan hopes to maintain its 2% inflation target even if climate change causes long-term shocks to future price developments, Governor Kazuo Ueda said on Saturday. But Ueda said the BOJ will "monitor carefully" how the economic impact of climate change, as well as the fallout from government measures to promote the green transition, could affect inflation expectations.
Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower. "I am not concerned about the dynamics in Washington," following Tuesday's election of Trump, Kashkari said in an interview on Fox News.
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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