BRIEF-Moody's says assigns Aa2 to $850m NYC GO bonds, Fiscal 2017 Series B
* Moody's assigns Aa2 to $850m NYC GO bonds, Fiscal 2017 Series B; Outlook stable Source text: (http://bit.ly/2gKbRjg)
RIO DE JANEIRO, Oct 31 Brazil's real weakened by the most in over two months on Thursday, leading Latin American currencies down as recent U.S. economic data fueled fears that the Federal Reserve may start winding down its stimulus program later this year. The Brazilian real shed nearly 2 percent, as investors betting on the currency's weakening gained the upper hand during the settlement of an official month-end exchange rate known as Ptax, a reference for contracts in Brazil. Concerns about an early withdrawal of U.S. stimulus gained steam on Wednesday after some traders interpreted the Fed's latest policy statement, which said downside risks to the economy had lessened, as slightly more hawkish. Thursday's economic data, including a surprisingly strong report on U.S. Midwest business activity, added to concerns. The Fed's bond-buying program currently injects $85 billion a month into the U.S. economy, and some of those funds often make their way into higher-yielding emerging markets. * The Brazilian real lost 1.93 percent to 2.2336 per dollar, its biggest decline since Aug. 21 and the weakest level since late September. * A report showed Brazil's primary budget deficit swelled to its biggest in nearly five years in September. Analysts saw the data as a sign of heightened government spending that could fuel inflation and force the central bank to further tighten monetary policy. * The Mexican peso slid 0.73 percent to 13.019 per dollar, beyond the 13 per dollar level that has proven to be a key resistance level during the past three weeks. Latin America FX prices at 2113 GMT: Currencies daily % YTD % change change Latest Brazil real 2.2336 -1.93 -8.67 Mexico peso 13.019 -0.73 -1.19 Chile peso 506.9000 0.36 -5.56 Colombia peso 1892.3500 -0.49 -6.68 Peru sol 2.7720 -0.51 -7.97 Argentina peso (interbank) 5.9100 -0.08 -16.88 Argentina peso (parallel) 9.8800 0.51 -31.38
BOSTON, Dec 2 Donald Trump's U.S. presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said.
CHICAGO, Dec 2 U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices.