Bloomberg Yields News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Colombia Assets Sell Off as Lawmakers Try to Block Tax Rises Bloomberg 10 hrs ago Oscar Medina and Sydney Maki (Bloomberg) -- Colombia’s peso suffered the biggest sell-off in emerging markets as lawmakers threaten to scupper the government’s attempt to raise taxes, increasing the chances the nation’s credit rating will be cut to junk. The peso extended losses Tuesday and has weakened 2.3% this week, the most among emerging market currencies tracked by Bloomberg. Colombia’s dollar bonds due 2051 have slumped by more than 5 cents since mid-April to 93.1 cents on the U....

Costa Rica’s President Says Cutting the Deficit Will Be His Legacy Bloomberg 8 hrs ago Michael McDonald (Bloomberg) -- Costa Rica’s president says he’ll bring an end to years of excess government borrowing, even if it hurts his popularity. Popular Searches With just over a year left in office, Carlos Alvarado is fighting to pass spending cuts and tax increases, and narrow the fiscal deficit which brought the country to the brink of crisis two years ago. He’s also pushing for approval of a program with the International Monetary Fund. “One of the legacies I want to ...

U.S. Equity Futures Advance Before Jobs Report: Markets Wrap Bloomberg 1 hr ago Cormac Mullen and Lynn Thomasson (Bloomberg) -- U.S. equity futures rose ahead of data expected to show the biggest increase in jobs in five months. Most other markets were closed for Good Friday. The labor report for March has the potential to roil the bond market when trading will be thin during a holiday-shortened session. Treasuries will be open for a half-day session, while the New York Stock Exchange is closed today. The median economist estimate points to 650,000 gain in non-farm payrolls,...

Biden’s Road Gets Even Harder Once Stimulus Clears Squeaker Vote Bloomberg 3/9/2021 Steven T. Dennis and Erik Wasson (Bloomberg) -- President Joe Biden’s soon-to-be-unveiled longer-term economic stimulus package is set for far tougher obstacles in Congress than the pandemic-relief bill that’s on the verge of squeaking through without a single Republican’s backing. The “build back better” program that the White House says will be announced after Biden signs the $1.9 trillion aid bill will be far more expansive than its predecessor. The House is now planning to vot...

Biggest Nigerian Pension Fund Manager Plan to Help the Naira Bloomberg 12/23/2020 Emele Onu (Bloomberg) -- Faced with bond yields coming off record lows and a hard-to-trade equity market, Nigeria’s biggest pension-fund manager wants the flexibility to invest directly in large local projects. Financing the development of domestic industries with naira will also ease pressure on the nation’s currency by reducing demand for dollars, said Stanbic IBTC Pension Managers Ltd. Chief Executive Officer Eric Fajemisin. Once up and running, local plants can help cut imports, further...