Market News


Bond funds worldwide post $3.8 bln outflows in latest week – BofA

Fri Jun 26, 2015 8:38pm EDT
Investors worldwide pulled $3.8 billion out of bond funds in the week ended June 24, marking their third straight week of outflows and their biggest three-week outflows since July 2013, data from a Bank of America Merrill Lynch Global Research report showed on Friday. More

U.S. bond managers play defense ahead of expected Fed rate hike

Fri Jun 26, 2015 8:22pm EDT
The managers of some of America’s biggest bond funds are trying to protect their portfolios from the effects of a potential interest rate hike by cutting exposure to emerging markets, boosting liquidity and reducing duration. More

Text: Greek Prime Minister Tsipras announces bailout referendum

Fri Jun 26, 2015 8:38pm EDT
Here is the full text of a speech by Greek Prime Minister Alexis Tsipras, calling for a referendum on bailout terms from lenders. More

Brazil’s unemployment hits highest since 2010; wages sink

Thu Jun 25, 2015 11:29am EDT
Brazil’s unemployment rate climbed for a fifth straight month and wages fell in May, government data showed on Thursday, adding to signs of a painful recession. More

No deal for Greece, creditors; top-level talks resume Saturday

Thu Jun 25, 2015 9:55pm EDT
Greece failed again to clinch a deal with its international creditors on Thursday, setting up a last-ditch effort on Saturday to avert a default next week or start preparing to protect the euro zone from financial market turmoil. More

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