* Repays loan using part of almost $1 bln raised in offerings last week
WASHINGTON, May 22 - The city of South Miami, Florida, defrauded investors by not disclosing problems with the tax-exempt status of two bond deals, U.S. securities regulators said on Wednesday in their second municipal bond fraud enforcement action this month.
WASHINGTON, May 22 - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday.
May 22 - The following are lists of upcoming high-grade and high-yield corporate bond offerings in the United States. The information was gathered from Thomson Reuters U.S. new issues team, and other market sources: *Denotes 144a private placement debt offering. HIGH-GRADE BOND SALES EXPECTED FOR THE WEEK OF 5/20/2013 COMPANY AMT MAT/DEBT RTGS MGRS PRICED *Amer. Honda Fin. $1.25 bln 3-yr frn A1/A+/NA CS/DB/MIZ 5/22
May 22 (IFR) - Moody's on Wednesday defended its recent Triple A rating on a controversial single-borrower CMBS which was denounced in a one-page critique by its rival Fitch last week.
May 22 - Standard & Poor's Ratings Services on Wednesday cut its long-term corporate credit and senior unsecured ratings on SNC-Lavalin Group Inc to BBB from BBB-plus.
May 22 - Philadelphia plans to sell about $400 million of general obligation bonds during the week of June 24, the city said on Wednesday.
* C$ at C$1.0372 vs US$, or 96.41 U.S. cents * Loonie hits weakest level since last June as US$ rallies * Flat domestic retail sales data helps push C$ lower * Fed hints of less stimulus to come gives US$ a big boost By Alastair Sharp TORONTO, May 22 - The Canadian dollar lost more than a cent against its U.S. counterpart on Wednesday, hurt by a double whammy of soft domestic retail sales data and U.S. Federal Reserve hints that it might reduce its economic stimulu
* Existing home sales rise 0.6 percent in April * Sales level highest since November 2009 * Tight inventories remain constraint to faster sales pace * Median home price highest since August 2008 By Lucia Mutikani WASHINGTON, May 22 - U.S. home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said
NEW YORK, May 22 - Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Federal Reserve will likely begin tapering its monetary stimulus in September and that bond investors might have already anticipated the move.
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