Debt / Fixed Income Markets

Funding squeeze hastens take-off of non-bank lending in Middle East

Funding squeeze hastens take-off of non-bank lending in Middle East

Published 21/08/2017

Middle East investment companies are ramping up their lending to businesses, providing a lifeline for small and medium-sized firms struggling to secure finance from banks that tightened credit after a suffering rise in bad loans. [more…]

Bankruptcy fight over Oncor to test Warren Buffett`s discipline

Bankruptcy fight over Oncor to test Warren Buffett`s discipline

Published 20/08/2017

Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the billionaire's legendary discipline. [more…]

Mnuchin tells Yale classmates: Trump does not equate neo-Nazis with peaceful protesters

Mnuchin tells Yale classmates: Trump does not equate neo-Nazis with peaceful protesters

Published 19/08/2017

Urged by his Yale University classmates to resign as treasury secretary following President Donald Trump's response to a white nationalist protest, Steven Mnuchin said on Saturday he would stay in office and that Trump "in no way, shape or form" equates neo-Nazis with peaceful protesters. [more…]

U.S. high-yield fund withdrawals largest since March: Lipper

U.S. high-yield fund withdrawals largest since March: Lipper

Published 17/08/2017

Investors recoiled during a turbulent week for markets, pulling the most cash from high-yield bond funds since March and billions more from stock funds, Lipper data for U.S.-based funds showed on Thursday. [more…]

BlackRock`s largest mutual fund boosts energy holdings: manager

BlackRock`s largest mutual fund boosts energy holdings: manager

Published 17/08/2017

BlackRock Inc's (BLK.N) largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. [more…]

Libor-tracking investments hit U.S. exchanges- complexity a worry

Libor-tracking investments hit U.S. exchanges- complexity a worry

Published 16/08/2017

Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to them gaining broad acceptance. [more…]

World shares, dollar rise after week of North Korea-driven losses

World shares, dollar rise after week of North Korea-driven losses

Published 14/08/2017

World stocks rose on Monday, recovering some of their poise after fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen. [more…]

Egypt`s Beltone Financial to launch $1 billion fixed income fund: CEO

Egypt`s Beltone Financial to launch $1 billion fixed income fund: CEO

Published 14/08/2017

Egypt's Beltone Financial will launch a $1 billion investment fund in fixed income instruments in September, its chief executive officer told Reuters on Monday. [more…]

Bond investors give Tesla a $1.8 billion endorsement

Bond investors give Tesla a $1.8 billion endorsement

Published 12/08/2017

Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's (TSLA.O) balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns. [more…]

U.S. judge orders Illinois to boost disabled care

U.S. judge orders Illinois to boost disabled care

Published 11/08/2017

A U.S. judge on Friday ruled that Illinois was not providing sufficient resources for the care of developmentally disabled residents and ordered the state to come up with a plan to restore services. [more…]