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Jun 30, 2015

Jacques Pépin preps book, TV series ahead of 80th birthday

NEW YORK (Reuters) – Renowned celebrity chef Jacques Pépin may be approaching his 80th birthday, but the award-winning cook is still going strong.

Pépin’s second book, “La Technique,” was published nearly four decades ago and is considered a classic tome on French cooking. His upcoming book and television series, “Jacques Pépin: Heart & Soul in the Kitchen,” will debut in October.

Jun 30, 2015

World Chefs-Jacques Pépin preps book, TV series ahead of 80th birthday

NEW YORK, June 30 (Reuters) – Renowned celebrity chef
Jacques Pépin may be approaching his 80th birthday, but the
award-winning cook is still going strong.

Pépin’s second book, “La Technique,” was published nearly
four decades ago and is considered a classic tome on French
cooking. His upcoming book and television series, “Jacques
Pépin: Heart & Soul in the Kitchen,” will debut in October.

Jun 30, 2015

U.S. consumer confidence rises; manufacturing still soft

NEW YORK (Reuters) – U.S. consumer confidence increased solidly in June, with households upbeat about the labor market, supporting views the economy was back on firmer footing after wobbling at the start of the year.

The rise in confidence came despite moderate increases in gasoline prices. Other data on Tuesday showed house prices rising in April from a year ago and factory activity in the Midwest stabilizing after hitting a 5-1/2-year low in February.

Jun 29, 2015

U.S. repo rate rises on Greece debt jitters

NEW YORK (Reuters) – The borrowing cost on a key source of overnight loans for Wall Street rose on Monday as a breakdown in talks between Greece and its creditors caused a mad dash for cash to fund trades in advance of the end of the second quarter.

The impasse between Athens, and European officials and international lenders nearly sealed the chance the Greek government would miss its $1.77 billion repayment to the International Monetary Fund on Tuesday.

Jun 26, 2015

U.S. repo rate falls to five-week low

NEW YORK, June 26 (Reuters) – The borrowing cost on a key
source of overnight loans for Wall Street fell to a five-week
low from a near three-month peak in volatile trading on Friday.

Uncertain outcome on the negotiations between Greece and its
creditors before a debt repayment due next week sparked an early
scramble among some banks and dealers to finance their trades
and loans through the $5 trillion repurchase agreement market,
analysts said.

Jun 25, 2015

U.S. repo rate jumps to near 3-month high

NEW YORK, June 25 (Reuters) – The borrowing cost on a key
source of overnight loans for Wall Street jumped to its highest
level in nearly three months on Thursday as traders scrambled to
ensure funding in advance of the end of the second quarter.

Anxiety about the bumpy negotiations between Greece and its
creditors intensified the clinching of cash among banks and
dealers to finance their trades and loans, analysts said.

Jun 23, 2015

Scholes-inspired fund from Janus discards notion of ‘average’

NEW YORK (Reuters) – Janus Capital Group said on Tuesday it launched a total return fund that invests across global stock and bond markets, the first product it has rolled out that draws on research from Nobel Prize winner Myron Scholes since the firm hired him last year.

Ashwin Alankar, Janus’ global head of asset allocation and risk management, and Enrique Chang, the firm’s chief investment officer of equities and asset allocation, will manage the Janus Adaptive Global Allocation Fund, according to the Denver-based investment firm, which has $189.7 billion in assets.

Jun 23, 2015

World Chefs: Tosi embraces fun, simplicity in ‘Milk Bar Life’ cookbook

NEW YORK, June 23 (Reuters) – Celebrity chef Christina Tosi
puts a fun spin on the simple food and desserts she and her
staff make at the Milk Bar, and shares after-hour tales about
this sister bakery of the Momofuku restaurant group in her
second cookbook, “Milk Bar Life.”

Tosi, 33, named best U.S. pastry chef by the James Beard
Foundation in May, also teaches pastry classes and is a judge on
the television cooking show, “MasterChef,” along with Gordon
Ramsay and Graham Elliot.

Jun 22, 2015

U.S. July bills rates hold in negative territory

NEW YORK, June 22 (Reuters) – Interest rates on U.S.
Treasury bills that mature in July held in negative territory on
Monday as cash investors scrambled for low-risk vehicles to park
their money as the end of the second quarter approaches next
week.

Money market funds and other investors have shifted more
cash into the U.S. Federal Reserve’s reverse repurchase
agreement (RRP) program, given the relative scarcity of ultra
short-dated government debt, analysts said.

Jun 17, 2015

U.S. term repo rates jump on quarter-end demand

NEW YORK, June 17 (Reuters) – U.S. banks and Wall Street
dealers have seen longer-term borrowing costs to fund their
trades jump to the highest in nearly four years in some cases
this week as they began scrambling for cash in advance of the
end of the second quarter.

The rise in term repo rates came as financial markets wait
for possible clues about an interest rate increase from the
Federal Reserve, which will release a statement at 2 p.m. (1800
GMT) following a two-day policy meeting.

    • About Richard

      "I am currently part of the U.S. Treasuries group based in New York, which covers the government debt market as well as interest rate derivatives. Previously, I was a specialist in housing and structured finance. Prior to joining the fixed income team, I had written extensively about the U.S. energy industry with focus on market and regulatory issues."
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