Pulled the jacket out. #fall is here and not a moment too soon.
NEW YORK (Reuters) – The dollar weakened against the euro and yen as investors adjusted positions ahead of the weekend and next week’s U.S. Federal Reserve policy setting meeting.
After last Friday’s weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program.
NEW YORK, Sept 10 (Reuters) – Standard & Poor’s on Tuesday
cut its long-term sovereign foreign currency credit rating on
Argentina to CCC-plus from B-minus in the wake of a U.S.
appellate court upholding an order for Buenos Aires to pay
holdout investors on unrestructured debt.
The outlook on the credit remains negative, the ratings
agency said in a statement. S&P also lowered its unsolicited
short-term ratings on Argentina to C from B.
NEW YORK, Sept 9 (Reuters) – Emerging market debt specialist
fund Gramercy on July 1 closed a distressed credit fund, having
raised just over $305 million, the firm wrote in a letter to
The Gramercy Distressed Opportunity fund II has so far
called 40 percent of each limited partners’ capital commitment,
Gramercy said in a letter dated Sept. 3 that was provided to