Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support performance of fixed income assets like leveraged finance.
- Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed's 2% goal, adding a bit more color to her call for a cautious approach to further rate reductions.
Credit ratings and the role of rating agencies have changed in response to an evolving market over the past 16 years, according to speakers during an online California Debt and Investment Advisory Commission.
* Bowman notes little recent progress on inflation. * Cook confident in disinflation, sees further rate cuts. * Investors see 55% chance of a rate cut next month. By Howard Schneider and Ann Saphir.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Arabia Insurance Company s.a.l.. The outlook of these Credit Ratings is stable. The ratings reflect AIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Arabia Insurance Company ? Jordan. The ratings reflect AICJ?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile, and appropriate enterprise risk management.
- Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a cautious approach to any further interest rate cuts, noting that inflation remains a concern and the labor market is strong.
KBRA assigns a rating of BBB to MSD Investment Corp.'s $265 million senior unsecured notes that are comprised of three tranches. Key Credit Considerations The rating and Outlook are supported by MSD's diversified $4.0 billion investment portfolio with a high percentage of senior secured first lien loans to 82 portfolio companies in 26 sectors.
* Bitcoin close to overnight record high. * Sterling spikes briefly after strong inflation data. By Chuck Mikolajczak. The U.S. dollar rose on Wednesday, restarting its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's plans for interest rates and U.S. President-elect Donald Trump's proposed policies.
Two Federal Reserve governors on Wednesday laid out competing visions of where U.S. monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease.
?. Australia and New Zealand Banking Group. Issue of EUR 1,500,000,000.00. Floating Rate Senior Unsecured Notes due May 2027. Series no 2123 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 1,000.00 IS EUR 8.72. POOL FACTOR.
U.S. Treasury yields moved higher on Wednesday and benchmark 10-year yields consolidated near a more than five-month high as investors weighed when the Federal Reserve may pause its interest rate cutting cycle as U.S. economic growth remains above expectations.
An?actively-managed?real?assets?fund?seeks?to?navigate?growth?and?inflation risks. NEW?YORK, Nov. 20, 2024 - World?renown economist?Nouriel?Roubini and?Atlas?Capital?Team?Inc, a pioneer in modern investment solutions, are proud to announce the launch of its inaugural exchange- traded fund on the Nasdaq, the?Atlas America Fund.
Phoenix Capital Group proudly announces the expansion of its Capital Markets team with the addition of three new licensed representatives who joined in the second half of 2024. The Capital Markets team is responsible for working with investors who participate in the company?s 9?13% annual yield corporate bond offerings.
New report shows strong interest in transparency and personalized pricing Zilliant, the leader in pricing lifecycle management, today announced the findings of its inaugural Consumer Price Index Survey. The study of 2,003 U.S. consumers1 was designed to understand emerging pricing trends and consumer sentiment in today?s dynamic market.
-Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. World economies and equity markets have had a robust year, with global growth expected to average 3.1% this year, a Reuters poll published in October showed.
The University of Chicago embarked on the Illinois Finance Authority's largest financing ever to transform its capital structure and fund major projects.
MicroStrategy? Incorporated today announced the pricing of its offering of $2.6 billion aggregate principal amount of its 0% convertible senior notes due 2029. The notes will be unsecured, senior obligations of MicroStrategy.
The U.S. Federal Reserve will trim interest rates next month but make shallower cuts in 2025 than expected just a month ago due to the risk of higher inflation from President-elect Donald Trump's proposed policies, according to most economists in a Reuters poll.
The Federal Reserve must not remove Wells Fargo's (WFC) $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the U.S. central bank on Wednesday.
The Federal Reserve must not remove Wells Fargo's (WFC) $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the U.S. central bank on Wednesday.
China and Hong Kong stocks edged higher in volatile trading on Wednesday, with mainland shares supported by AI stocks ahead of Nvidia's (NVDA) earnings later in the day, while investors remained cautious amid steady lending rates.
The European Central Bank warned on Wednesday about a "bubble" in stocks related to artificial intelligence, which could burst abruptly if investors' rosy expectations are not met. The warning came as part of the ECB's twice-yearly Financial Stability Review, a laundry list of risks ranging from wars and tariffs to cracks in the plumbing of the banking system.
* UK CPI 2.3% in October vs Reuters poll 2.2% * Bank of England had also expected 2.2% * Underlying inflation measures rise too. * Sterling jumps and investors trim BoE rate cut bets. * BoE has stressed it will move gradually on rates. By William Schomberg and David Milliken.
Japanese government bond yields struggled for direction on Wednesday, as concerns about another rate hike as soon as December limited safe-haven bids following Ukraine's strike against Russia overnight.
Alibaba (BABA) has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year. The company priced an offering of aggregate principal amount of $2.65 billion in U.S. dollar-denominated notes and 17 billion yuan worth of offshore yuan-denominated bonds.
The Bank of Japan is laying the groundwork to raise interest rates again, but has left markets guessing how soon and at what pace it could push up still-low borrowing costs. Here is a guide to the BOJ's recent communications on when and how far it could eventually raise interest rates: WHAT HAS THE BOJ SAID AND DONE SO FAR?
The U.S. dollar rose on Wednesday, renewing its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's interest rate plans and U.S. President-elect Donald Trump's proposed policies. Safe-haven currencies such as the Japanese yen, Swiss franc and the greenback saw a brief boost on Tuesday before fading.
BEIJING, Nov. 19, 2024 ?Chinese President Xi Jinping has met with a number of leaders on the sidelines of the 19th G20 Leaders' Summit held in Rio de Janeiro, Brazil, underscoring the world's recognition of China's role as a powerful and stabilizing force amid global geopolitical uncertainties as well as China's significant contribution to promoting development globally.
BEIJING, Nov. 19, 2024 On November 18 at the 19th G20 Summit, addressing the Fight Against Hunger and Poverty and the Reform of the Institutions of Global Governance, President Xi Jinping delivered two important speeches, titled "Building a Just World of Common Development" and "Working Together for a Fair and Equitable Global Governance System."
Alibaba Group Holding Ltd (BABA): * ALIBABA GROUP PRICES US$2.65 BILLION OFFERING OF U.S. DOLLAR-DENOMINATED SENIOR UNSECURED NOTES AND RMB17 BILLION OFFERING OF RMB-DENOMINATED SENIOR UNSECURED NOTES. * OFFERING OF USD NOTES IS EXPECTED TO CLOSE ON NOVEMBER 26, 2024. * OFFERING OF RMB NOTES IS EXPECTED TO CLOSE ON NOVEMBER 28, 2024.
-Alibaba (BABA) has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year. The company priced an offering of aggregate principal amount of $2.65 billion in U.S. dollar-denominated notes and 17 billion yuan worth of offshore yuan-denominated bonds.
Funds Will Assist Residents and Areas Impacted by Natural Disaster in Chaves County The Federal Home Loan Bank of Dallas has provided a $250,000 charitable donation to Community Foundation of Southern New Mexico to assist with recovery from flooding in Roswell, New Mexico.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the pricing of an offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% notes due 2035 at an issue ...
* S&P SAYS CONGO-BRAZZAVILLE LOCAL CURRENCY RATING RAISED TO 'CCC+' ON FINALIZED DEBT EXCHANGE; FC RATING AFFIRMED; OUTLOOK STABLE Source text: Further company coverage: [ ]
Australia's official statistician has been overestimating the cost of child care in its consumer price index for the past year, but the error will not result in any changes to overall CPI inflation. Measures of underlying inflation - the trimmed mean and weighted median - watched closely by the Reserve Bank of Australia were unaffected by the errors, the Australian Bureau of Statistics said.
Methanex Corp (MEOH): * METHANEX ANNOUNCES UPSIZE AND PRICING OF SENIOR UNSECURED NOTES. * Methanex Corp (MEOH) - OFFERING SIZE INCREASED TO $600 MILLION FROM $500 MILLION. * Methanex Corp (MEOH): INTENDS TO USE NET PROCEEDS TO FUND A PORTION OF CASH PURCHASE PRICE OF DEAL TO ACQUIRE OCI GLOBAL'S INTERNATIONAL METHANOL BUSINESS Source text: Further company coverage:
Methanex Corporation (MEOH) announced today that its wholly-owned subsidiary, Methanex US Operations Inc., has priced an offering of US$600 million aggregate principal amount of 6.250% senior unsecured notes due 2032 in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended.
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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