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Sun Life Financial profit falls 25 pct on markets
ReutersTORONTO, May 8 (Reuters) - Sun Life Financial said on Wednesday its first-quarter profit fell 25 percent, as Canada's No. 3 insurer was hurt by less favorable markets than in the year-before period. The Toronto-based company earned C$513 million ($511.54...Tags: Finance, Toronto (Canada), Economy, Business and Finance, Canada
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PRESS DIGEST-Australian Business News - Thursday, May 9
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) The "two strikes" rule that allows a vote against the remuneration report by 25...Tags: Banking, Australia and New Zealand Banking Group Limited, Companies and Corporations, Jones Lang LaSalle Incorporated, Credit and Debt
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TREASURIES OUTLOOK-Higher U.S. yields draw buyers
Reuters* U.S. Treasury to auction $16 billion 30-yr bonds on Thursday * New U.S. jobless claims, due Thursday, forecast at 335,000 (Adds information on jobless claims in paragrafs 4 though 6) By Ellen Freilich NEW YORK, May 8 (Reuters) - U.S. Treasuries...Tags: Labor Markets, Auction Service, Central Bank, Government Debt, China
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Boehner: Bondholders should be paid first if debt limit breached
WASHINGTON -- House Speaker John A. Boehner said holders of U.S. government bonds should be paid first if the nation's debt limit is breached, even if that means that China would get preference over the salaries of U.S. troops. Boehner (R-Ohio) defended...
Tags: Fiscal Cliff, Barack Obama, U.S. Congress, John Boehner, Politics
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U.S. Junk bond yield-to-worst drops below 5 percent for first time
ReutersNEW YORK, May 8 (IFR) - Junk bond yields have fallen below 5% for the first time ever, as investors scrambling to get the biggest return possible have pushed the market into record territory. The yield-to-worst on the Barclays US Corporate High Yield...Tags: Banking, Thomson Corporation, Central Bank, Prudential Financial Incorporated, Federal Reserve
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GLOBAL MARKETS-China trade data push shares to 5-yr highs
Reuters* MSCI world index, FTSEurofirst 300 hit five-year peaks * China reports stronger-than-forecast April trade data * Euro rises, Australian dollar rebounds * Oil, copper climb By Marc Jones LONDON, May 8 (Reuters) - Strong Chinese trade data pushed world...Tags: Weather Reports, Foreign Exchange Market, Exports, Money and Monetary Policy, Credit Ratings
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GLOBAL MARKETS-China trade data pushes shares to 5-year highs
Reuters* MSCI world index, FTSEurofirst 300 hit five-year peaks * China reports stronger-than-forecast April trade data * March German industrial output also beats estimates * Euro rises, Australian dollar rebounds * Copper climbs By Marc Jones LONDON, May 8...Tags: Mario Draghi, Weather Reports, Foreign Exchange Market, European Central Bank, Central Bank
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Tone uncertain for US high-grade despite rallies, data
ReutersBy John Balassi May 8 (IFR) - Market tone is relatively muted early on Wednesday, despite better than expected trade data from China and German industrial production recording the best print in over a year - not to mention the red-hot rally in equities....Tags: Commercial Metals Company, Barack Obama, Morgan Stanley Dean Witter & Company, Japan, ING Group
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RPT-FED FOCUS-Fed's credibility tested as inflation drifts below target
ReutersBy Pedro Nicolaci da Costa WASHINGTON, May 8 (Reuters) - With the U.S. inflation rate about half of the Federal Reserve's 2.0 percent target, the central bank is facing a major test and some experts wonder whether it will eventually need to ramp up its...Tags: Market and Exchange, Inflation and Deflation, Financial Markets, Central Bank, Economic Indicator
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COLUMN-Despite risks, retirement savers plow into target-date funds
ReutersBy John Wasik CHICAGO, May 8 (Reuters) - A torrent of money flowing into target-date funds suggests many retirement investors may be ignoring the risks of this key category. These funds now represent the second-most-popular allocation after U.S. large-...Tags: 401K, Retirement, Inflation and Deflation, Career and Workplace, Stock Market
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Column: Despite risks, retirement savers plow into target-date funds
ReutersCHICAGO (Reuters) - A torrent of money flowing into target-date funds suggests many retirement investors may be ignoring the risks of this key category. These funds now represent the second-most-popular allocation after U.S. large-stock funds within...Tags: 401K, Retirement, Inflation and Deflation, Career and Workplace, Stock Market
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GLOBAL MARKETS-China, German data push shares to 5-year highs
Reuters* MSCI world index, FTSEurofirst 300 hit five-year peaks * China reports stronger-than-forecast April trade data * March German industrial output also beats estimates * Euro rises, Australian dollar rebounds * Copper climbs By Marc Jones LONDON, May 8...Tags: Weather Reports, Mario Draghi, Foreign Exchange Market, Labor Markets, European Central Bank
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