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Sep 19, 2013
Sep 19, 2013
Sep 18, 2013
Sep 17, 2013
Sep 13, 2013

Dollar slips from highs as investors position for Fed meeting

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.

Sep 10, 2013

S&P cuts Argentina’s sovereign rating on rising legal risk

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.

Sep 10, 2013
Sep 10, 2013
Sep 9, 2013

Gramercy closes distressed emerging debt fund to new investment

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
investors.

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
Reuters.

Sep 9, 2013
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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