Argentine bonds drop

Source: Bloomberg
Argentine bonds went down for a monthly low as the country rejects talks with its creditors, which may cause Argentina to default on its payments again since 2001. 10-year bonds fell 2.23% to 81.99 U.S. cents, the lowest since June 20. Yields went up 0.36 percentage points to 10.77%.
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Tue, 29 Jul 2014 09:41:14 GMT

Japan labour demand increases, good sign for economic upturn

The job availability in Japan reached its peak in 22 years last month following the growth in companies' confidence about hiring. The job-to-applicants ratio jumped to 1.10 in June from 1.09 in May. The unemployment rate unexpectedly grew to 3.7% in June from 3.5% in the previous month. The officials expect the economic recovery to continue in the third quarter without additional measures from the BoJ.

Tue, 29 Jul 2014 09:19:08 GMT

UBS profit picks up as costs decline

UBS AG, the largest bank in Switzerland, announced a 15% increase in profit for the second quarter of this year, beating analysts' expectations. Net revenue picked up to 792 million francs versus 690 million francs in Q2 2013. During the last year, costs of the bank were decreased by 2.1 billion francs. Today, UBS AG shares are dropping 0.8% to

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