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businessNews reuters.com

Bitcoin drops after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

companyNews reuters.com

UPDATE 3-Bitcoin drops after dramatic gains ahead of futures launch

(Updates prices, adds graphic, analyst comment) By Jemima Kelly and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, Dec 8 (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on the U.S.-based GDAX, one of the biggest exchanges globally, while it was

businessNews reuters.com

Bitcoin tumbles after dramatic gains ahead of futures launch

LONDON/NEW YORK (Reuters) - Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

businessNews reuters.com

Bitcoin blows past $16,000, alarm bells ring louder

LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

companyNews reuters.com

UPDATE 4-Bitcoin blows past $16,000, alarm bells ring louder

LONDON/NEW YORK, Dec 7 (Reuters) - Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

businessNews reuters.com

Bitcoin flirts with $16,000, alarm bells ring louder

LONDON/NEW YORK (Reuters) - Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent in just over a week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

companyNews reuters.com

UPDATE 2-Bitcoin flirts with $16,000, alarm bells ring louder

LONDON/NEW YORK, Dec 7 (Reuters) - Bitcoin rocketed to a lifetime high just shy of $16,000 on Thursday after climbing some 60 percent in just over a week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

companyNews reuters.com

Venezuela creditors meet with Rotshchild, Cleary in London-sources

LONDON/NEW YORK, Nov 30 (Reuters) - Investment bank Rothschild is participating in a Venezuelan creditors' meeting in London on Thursday to discuss how to handle the cash-strapped country's request to restructure some $60 billion in outstanding bonds, according to two sources familiar with the matter.

businessNews reuters.com

Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally

LONDON/NEW YORK (Reuters) - Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion.

businessNews reuters.com

Bubble trouble? Bitcoin tops $11,000 after $1,000 surge in 12 hours

LONDON/NEW YORK (Reuters) - Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion.

companyNews reuters.com

CORRECTED-Multi-manager hedge funds hook investors with returns recovery

(Corrects date in paragraph 10 to 2016) * Citadel to return cash equal to 2017 gains - letter * Citadel flagship funds up 11.43 pct to Oct. 31 - source * Investors add $1.2 bln in first three quarters of 2017 By Maiya Keidan and Lawrence Delevingne LONDON/NEW YORK, Nov 10 (Reuters) - Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters of 2017. Althoug

PersonalFinance reuters.com

Multi-manager hedge funds hook investors with returns recovery

LONDON/NEW YORK (Reuters) - Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters...

companyNews reuters.com

RPT-INVESTMENT FOCUS-Risk of sharp currency moves drives investors into hedged ETFs

LONDON/NEW YORK, Aug 25 (Reuters) - Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates.

PersonalFinance reuters.com

Risk of sharp currency moves drives investors into hedged ETFs

LONDON/NEW YORK (Reuters) - Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates.

companyNews reuters.com

REFILE-INVESTMENT FOCUS-Risk of sharp currency moves drives investors into hedged ETFs

LONDON/NEW YORK, Aug 25 (Reuters) - Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates.

companyNews reuters.com

RPT-GRAPHIC-World markets seismograph - charting disturbances

LONDON/NEW YORK, Aug 10 (Reuters) - Before this week's jolt from rising North Korea tensions, world markets had rarely if ever been calmer or more buoyant.

companyNews reuters.com

GRAPHIC-World markets seismograph - charting disturbances

LONDON/NEW YORK, Aug 10 (Reuters) - Before this week's jolt from rising North Korea tensions, world markets had rarely if ever been calmer or more buoyant.

companyNews reuters.com

Flood of gasoline supply heads to U.S. Northeast as driving season ends

LONDON/NEW YORK, Aug 9 (Reuters) - As the U.S. summer driving season winds down, a wave of gasoline barrels is headed for the Northeast market from Europe and the U.S. Gulf Coast, which will squeeze profit margins for local refiners in the country's biggest fuel-consuming region.

companyNews reuters.com

UPDATE 2-RBS to pay $5.5 bln to resolve major U.S. mortgage case

LONDON/NEW YORK, July 12 (Reuters) - Royal Bank of Scotland will pay $5.5 billion to settle one of two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the British government can sell its shares.

businessNews reuters.com

RBS to pay $5.5 billion to resolve major U.S. mortgage probe

LONDON/NEW YORK (Reuters) - Royal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the British government can sell its shares.

healthNews reuters.com

AstraZeneca cancer drug trial prompts investors to take options cover

LONDON/NEW YORK (Reuters) - Investors in drugmaker AstraZeneca have taken defensive positions in the options market ahead of eagerly awaited results of a major trial of a lung cancer treatment, which are due any day now.

businessNews reuters.com

BlackRock takes Scalable Capital stake in Europe 'robo-advisor' push

LONDON/NEW YORK (Reuters) - BlackRock , the world's biggest asset manager, made its first push into Europe's "robo-advice" market on Tuesday after taking a stake in Anglo-German digital investment manager Scalable Capital.

companyNews reuters.com

INVESTMENT FOCUS-Rotate, not retreat: investors keep faith in stocks

LONDON/NEW YORK, June 16 (Reuters) - Global equities have recovered rapidly after tumbling this month as technology firms sold off, suggesting investors remain confident about the last of the Trump reflation trades but are taking a more discerning approach to stock-picking.

businessNews reuters.com

U.S. bank bosses succumb to email hoaxer

LONDON/NEW YORK (Reuters) - The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank of England.

businessNews reuters.com

'War on sugar' takes toll; Asia, Brazil struggle to make up shortfall

LONDON/NEW YORK (Reuters) - The "war on sugar" being waged by governments and consumers to combat public health emergencies like diabetes is slowing growth in global demand, which along with other factors could signal a fundamental shift in consumption ahead.

businessNews reuters.com

European, Asian companies short on cyber insurance before ransomware attack

LONDON/NEW YORK (Reuters) - Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say.

companyNews reuters.com

UPDATE 2-Oil price bull Andurand closes bet on rally - source

LONDON/NEW YORK, May 5 (Reuters) - Pierre Andurand, who runs one of the biggest hedge funds specialising in oil, liquidated the fund's last long positions in oil last week and is running a very reduced risk at the moment, a market source familiar with the development said.

PersonalFinance reuters.com

Exclusive: Schonfeld in talks to open UK office - sources

LONDON/NEW YORK (Reuters) - Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors is in preliminary talks to open an office in Britain to invest in more European money managers,...

businessNews reuters.com

Weak crude oil stunts U.S. energy IPOs, boosts outlook for M&A

LONDON/NEW YORK (Reuters) - The stream of U.S. energy companies going public at the start of 2017 has dried up on concerns over the future direction of oil prices, but private buyers seeking mergers and acquisitions are ready to take advantage of the volatility to secure cheap deals.

PersonalFinance reuters.com

Investors bet on comeback: UK's Alan Howard amasses $3 billion

LONDON/NEW YORK (Reuters) - Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion for a hedge fund...

companyNews reuters.com

UPDATE 1-Investors bet on comeback: UK's Alan Howard amasses $3bn

LONDON/NEW YORK, April 5 (Reuters) - Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion for a hedge fund he alone will control.

companyNews reuters.com

Alan Howard raises over $700 mln for his new fund - sources

LONDON/NEW YORK, April 4 (Reuters) - British hedge fund manager Alan Howard has raised more than $700 million from outside investors for a new fund that he will solely manage, two sources with knowledge of the matter told Reuters.

businessNews reuters.com

Winton CEO defends firm from Buffett criticism of fees, returns

LONDON/NEW YORK (Reuters) - David Harding, founder of one of the world's biggest hedge funds, on Friday defended his firm against Warren Buffett's criticism of hedge fund fees last week.

innovationNews reuters.com

Exclusive: Top coconut water maker Vita Coco exploring sale - sources

LONDON/NEW YORK (Reuters) - Vita Coco, the world's leading brand of coconut water, is exploring a sale of the company that could value it at up to $1 billion, according to sources familiar with the...

lifestyleMolt reuters.com

From Athens to Zihuatanejo, a global show of unity for women's rights

LONDON/NEW YORK/NEW DELHI (Thomson Reuters Foundation) - More than one million people are expected to attend women's marches around the world on Saturday to demonstrate against sexism and sexual...

companyNews reuters.com

Equity, Macro hedge funds look to bounce back from a tough year

LONDON/NEW YORK, Dec 23 (Reuters) - For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget.

financialsSector reuters.com

Fitch: U.S. Investors More Positive on Economic Outlook

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: U.S. Senior Fixed-Income Investor Survey 4Q16 https://www.fitchratings.com/site/re/888831 LONDON/NEW YORK, December 12 (Fitch) Credit investors were more optimistic on the U.S. economy in the latest Fitch Ratings/Fixed Income Forum survey which closed on 7 November, the day the presidential election was held but before the outcome was known. Investors' expectations for U.S. economic growth were more opt

businessNews reuters.com

OPEC, U.S. begin 'cat and mouse' oil game as producers pounce on hedges

LONDON/NEW YORK (Reuters) - As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of "a cat and mouse game" between OPEC and its U.S. shale rivals in the coming year.

rbssEnergyNews reuters.com

OPEC, U.S. begin "cat and mouse" oil game as producers pounce on hedges

LONDON/NEW YORK, Dec 7 (Reuters) - As far as one of the world's biggest commodities traders, Glencore's chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of "a cat and mouse game" between OPEC and its U.S. shale rivals in the coming year.

businessNews reuters.com

Exclusive: Oil wars - how Kremlin's $13 billion Indian deal almost fell apart

LONDON/NEW DELHI/MOSCOW (Reuters) - A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

innovationNews reuters.com

Exclusive: Ajinomoto, PepsiCo vying to buy into Africa's Promasidor - sources

LONDON/NEW YORK (Reuters) - Japan's Ajinomoto and PepsiCo are among bidders seeking to buy a stake in African dairy and drinks company Promasidor in a deal that would give them access to its...

financialsSector reuters.com

Fitch: Earnings and Profitability Top of Mind at Global Banking Conference

(The following statement was released by the rating agency) LONDON/NEW YORK/SINGAPORE, October 12 (Fitch) Earnings and profitability are top issues for global banking investors and market participants based on discussions at Fitch Ratings flagship Global Banking Conference which has just completed its world tour, commencing in London and continuing to the US and Asia throughout September and October. A poll taken in the conference in London suggested that the main risk facing creditors of W

companyNews reuters.com

RPT-Two big hedge funds unwind bets against Deutsche in sign of confidence

LONDON/NEW YORK Oct 6 (Reuters) - Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the lender.

businessNews reuters.com

Two big hedge funds unwind bets against Deutsche in sign of confidence

LONDON/NEW YORK (Reuters) - Two leading hedge funds which made big bets on Deutsche Bank shares falling are now reducing their "short" positions, in a sign of confidence in the stability of the lender.

companyNews reuters.com

Trillion-dollar global fund industry faces pressure to tighten belt

LONDON/NEW YORK, Sept 21 (Reuters) - Home to trillions of dollars of global wealth, mutual fund firms face an unfamiliar round of belt-tightening as changes in the way people invest and rising costs chip away at rich margins.

bondsNews reuters.com

Hedge funds across globe cut fees in battle for investors

LONDON/NEW YORK, Sept 15 (Reuters) - Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows.

hedgeFundsNews reuters.com

Multi-manager hedge fund Caxton to follow rivals in cutting fees

LONDON/NEW YORK (Reuters) - Hedge fund firm Caxton Associates said it plans to cut the fees it charges investors following a period of lower returns for the industry, a letter to investors seen by...

innovationNews reuters.com

HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets

LONDON/NEW YORK (Reuters) - Hewlett-Packard Enterprise agreed to sell its software business to Micro Focus in a $8.8 billion deal that shrinks the Silicon Valley pioneer again while catapulting the...

financialsSector reuters.com

Fitch: Brazil Banks to Rethink Digital Strategy as Fintechs Grow

(The following statement was released by the rating agency) LONDON/NEW YORK, August 15 (Fitch) Brazil's large banks will have to rethink their digital strategy as the number of financial technology companies (Fintechs) grow, says Fitch Ratings. Still, at this point, we do not expect Fintechs to threaten the banks' credit profiles. Even with this rapid growth, the banking sector should remain dominated by large traditional banks and remain highly concentrated. Brazilian banks face the challe

financialsSector reuters.com

Fitch: No Rating Changes from Update to Global LMI Criteria in RMBS

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Global Criteria for Lenders' Mortgage Insurance in RMBS https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884107 LONDON/NEW YORK/SYDNEY, July 28 (Fitch) Fitch Ratings' updated global criteria for lenders' mortgage insurance (LMI) in residential mortgage-backed security (RMBS) transactions contains minor changes to the rating framework but will not affect the ratings of existing tr

usDollarRpt reuters.com

UPDATE 2-Mixed messages on FX volumes from UK and US central bank surveys

LONDON/NEW YORK, July 25 (Reuters) - Foreign exchange trading out of the United Kingdom fell 9 percent in the year to April 2016, a semi-annual survey by the Bank of England showed on Monday,...

PersonalFinance reuters.com

Ex-Goldman banker Gordon Dyal beefs up M&A boutique

LONDON/NEW YORK (Reuters) - Former senior Goldman Sachs investment banker Gordon Dyal has poached several new hires for his investment banking boutique Dyal Co after emerging as the lead adviser to...

financialsSector reuters.com

REFILE-Brexit widens chasm between Wall Street and Europe's investment banks

LONDON/NEW YORK July 18 (Reuters) - Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially leaving the continent without its own global champion.

hedgeFundsNews reuters.com

London-based Mako Global Investors to shut European equities hedge fund

LONDON/NEW YORK (Reuters) - Mako Global Investors (MGI) is shutting a European equities hedge fund it launched just 19 months ago after lacklustre returns and plunging investor interest, a source...

companyNews reuters.com

UPDATE 1-SoftBank's ARM buy may net bankers $120 million in fees

LONDON/NEW YORK, July 18 (Reuters) - Bankers are set to share up to $120 million in fees thanks to SoftBank Group Corp's planned $32 billion acquisition of British chip designer ARM Holdings, according to estimates on Monday.

governmentFilingsNews reuters.com

Brexit widens chasm between Wall Street and Europe's investment banks

LONDON/NEW YORK July 18 (Reuters) - Market ructions caused by Britain's decision to leave the European Union are set to widen the gulf between Wall Street and European investment banks, potentially...

financialsSector reuters.com

Fitch Finalizes Global Bank Rating Criteria Following Market Consultation

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Global Bank Rating Criteria https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=884135 LONDON/NEW YORK/SINGAPORE, July 15 (Fitch) Following market consultation on an exposure draft, Fitch Ratings has today finalized its 'Global Bank Rating Criteria' applicable to banks and bank holding companies globally. The new criteria report replaces one of the same name that was published on Mar

bondsNews reuters.com

INVESTMENT FOCUS-Markets predict decades of inflation frustration

LONDON/NEW YORK, July 15 (Reuters) - It might seem extraordinary that the developed world could fail to generate enough growth to lift inflation back to target for decades, yet there is mounting...

financialsSector reuters.com

UK CLO managers scramble to meet "skin in the game" rules

LONDON/NEW YORK, June 30 (IFR) - UK CLO managers could change strategies to keep their "skin in the game" for fear of running afoul of European Union risk retention rules in the wake of a UK decision to leave the bloc.

companyNews reuters.com

UPDATE 2-Dealmakers wrestle with Brexit's fallout

LONDON/NEW YORK, June 24 (Reuters) - Bankers and lawyers advising companies on takeovers and initial public offerings from London to New York fretted over their deals on Friday, after a British vote to leave the European Union poleaxed company valuations and executive confidence.

financialsSector reuters.com

Solvay kicking off disposals of two units - sources

LONDON/NEW YORK, June 23 (Reuters) - Belgian chemicals group Solvay is pressing ahead with the sale of two non-core units as part of its efforts to streamline operations and refocus on specialty materials, sources familiar with the situation said.

rbssEnergyNews reuters.com

UPDATE 2-Nigeria's crude output cut further by Exxon pipeline damage -trade

LONDON/NEW YORK, May 12 (Reuters) - Damage to a pipeline has reduced supplies of Nigeria's benchmark Qua Iboe crude oil, two traders said on Thursday, the latest setback for Africa's top producer that has pushed output to its lowest in more than two decades.

marketsNews reuters.com

CORRECTED-Investors bet again on the return of inflation

LONDON/NEW YORK, April 6 (Reuters) - After months of angst about deflation that has led many central banks to adopt negative interest rates, there's been a sudden burst of speculation that inflation...

bondsNews reuters.com

Investors bet again on the return of inflation

LONDON/NEW YORK, April 6 (Reuters) - After months of angst about deflation that has led many central banks to adopt negative interest rates, there's been a sudden burst of speculation that inflation...

financialsSector reuters.com

Fitch: US MMF Exposures To European Banks Drop As Quarters End

(The following statement was released by the rating agency) LONDON/NEW YORK, March 18 (Fitch) The drop in US money market funds' (MMFs) exposures to European banks at quarter end is becoming increasingly more pronounced, Fitch Ratings says. "Window dressing" by banks to improve regulatory figures at reporting dates is common practice, but recently enacted regulatory rules for European banks combined with MMFs' use of the Fed's reverse repurchase programme are likely exacerbating the quarter

financialsSector reuters.com

UPDATE 2-Credit Suisse to fast-track top junior bankers to retain talent - sources

LONDON/NEW YORK, Feb 18 (Reuters) - Credit Suisse will establish a fast-track programme for top-performing investment banking juniors, sources familiar with the situation told Reuters, as major banks step up efforts to attract and retain in their lower ranks.

companyNews reuters.com

Swiss bank UBS looks to address gender gap in pay review -sources

LONDON/NEW YORK Feb 10 (Reuters) - Swiss bank UBS AG is looking at the relative pay of men and women in its investment banking arm as part of its compensation review, and is taking steps to close any significant gaps, sources familiar with the matter said.

healthNews reuters.com

Athletes weigh gold lust against Zika health fears

LONDON/NEW YORK (Reuters) - As global health chiefs try to bring a Zika virus epidemic under control, aspiring Olympic athletes are weighing their lust for gold against health fears surrounding the mosquito-borne virus in Brazil.

rbssHealthcareNews reuters.com

Olympics-Athletes weigh gold lust against Zika health fears

LONDON/NEW YORK, Feb 5 (Reuters) - As global health chiefs try to bring a Zika virus epidemic under control, aspiring Olympic athletes are weighing their lust for gold against health fears surrounding the mosquito-borne virus in Brazil.

companyNews reuters.com

Chocolate demand falls as candy bars shrink and Asia growth slows

LONDON/NEW YORK, Feb 4 (Reuters) - Candy bars have shrunk and economic growth in Asia has slowed, meaning people are eating less chocolate and its key ingredient cocoa, which has seen its price fall this year after defying commodities trends to soar in 2015.

usDollarRpt reuters.com

UPDATE 2-London, North American forex volume declines in October -surveys

LONDON/NEW YORK, Jan 25 (Reuters) - Daily currency volumes in London, the world's main foreign exchange centre, and North America, contracted in October, continuing a 2015 trend, according to...

hedgeFundsNews reuters.com

Retiring hedge fund Nevsky - a canary in the coalmine?

LONDON/NEW YORK (Reuters) - For anyone looking to make money in financial markets over the next few years, the recent activity of some leading hedge funds does not bode well.

marketsNews reuters.com

Retiring hedge fund Nevsky: a canary in the coalmine?

LONDON/NEW YORK, Jan 20 (Reuters) - For anyone looking to make money in financial markets over the next few years, the recent activity of some leading hedge funds does not bode well.

financialsSector reuters.com

Fitch: Global House Prices and New Mortgage Lending To Grow More Slowly in 2016

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Global Housing and Mortgage Outlook - 2016 https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=875625 LONDON/NEW YORK/SYDNEY, January 13 (Fitch) Fitch Ratings says in its latest annual Global Housing and Mortgage Outlook report that it expects housing and mortgage markets to be stable or improve in most of the 22 countries covered in the study. The number of outlooks that have chan

nonCyclicalConsumerGoodsSector reuters.com

UPDATE 2-Louis Dreyfus seeks buyers for juice, fertiliser units -sources

LONDON/NEW YORK/PARIS, Dec 18 (Reuters) - Louis Dreyfus Commodities is seeking buyers for its orange juice and fertiliser units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take steps to weather weak commodity markets.

companyNews reuters.com

UPDATE 1-Louis Dreyfus seeks buyers for juice, fertiliser businesses-sources

LONDON/NEW YORK/PARIS, Dec 18 (Reuters) - Global trading house Louis Dreyfus Commodities is seeking buyers for its orange juice and fertiliser businesses in a shift to focus on higher-margin activities, two sources said.

marketsNews reuters.com

Louis Dreyfus looks to sell orange juice, fertiliser units-sources

LONDON/NEW YORK/PARIS, Dec 18 (Reuters) - Privately held Louis Dreyfus Commodities is seeking buyers for its orange juice and fertiliser businesses, two sources said.

financialsSector reuters.com

UPDATE 1-Oil trader Andurand up 8 pct on year; sees $25 oil by March

LONDON/NEW YORK, Dec 17 (Reuters) - Prominent oil trader Pierre Andurand is betting crude prices will fall, possibly below $25 a barrel, in the first quarter of 2016, and has told his investors in his hedge fund he was ramping up bearish bets.

innovationNews reuters.com

M&A bankers toast a bumper year discreetly

LONDON/NEW YORK/HONG KONG (Reuters) - Bankers are celebrating the biggest year on record for mergers and acquisitions with magnums of champagne and slap-up dinners: just don't expect to read about it...

financialsSector reuters.com

Fitch: UK Investment Trust Debt Cost Materially Higher than for US Closed-end Funds

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: UK Investment Trust Debt Cost https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=874547 LONDON/NEW YORK, December 17 (Fitch) Fitch Ratings says in a new report that the cost of debt issued by UK investment trusts is materially higher than that of US 1940 Act closed-end funds (CEFs). Fitch estimates the weighted average cost of debt in UK investment trusts at 3.7%, compared with 1.21

companyNews reuters.com

MOVES-Goldman Sachs names new M&A leaders

LONDON/NEW YORK, Dec 15 (Reuters) - Goldman Sachs Group Inc , the investment bank that has advised on the most and biggest mergers and acquisitions this year, announced internally on Tuesday it had promoted four of its bankers to key leadership positions.

financialsSector reuters.com

Fitch: Emerging Europe's Stable Outlook Reflects Strengthening Performance and Ongoing Challenges

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: 2016 Outlook: Emerging Europe Sovereigns https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=875232 LONDON/NEW YORK/PARIS, December 14 (Fitch) Emerging Europe will benefit from a stabilisation in the Russian economy and stronger growth prospects in central and eastern Europe (CEE) in 2016, although political, policy and external challenges remain, says Fitch Ratings in a new report.

financialsSector reuters.com

Fitch: Stable Outlook for Global Trading and Universal Bank Sector

(The following statement was released by the rating agency) LONDON/NEW YORK, December 08 (Fitch) Fitch Ratings says the 2016 outlook for the Global Trading and Universal Bank (GTUB) sector is stable, based on strong balance sheets and fair prospects for retail and corporate banking in the groups' home markets. This mitigates expected further pressure on earnings from capital markets activities, particularly in fixed-income products, as client-driven trading volumes have yet to see a sustain

businessNews reuters.com

Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal - sources

LONDON/NEW YORK/FRANKFURT (Reuters) - Investment bank Lazard is working with Sanofi's management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12.7 billion), sources familiar with the matter said.

businessNews reuters.com

Two-decade Pfizer mission pays off for Guggenheim's deal king

LONDON/NEW YORK (Reuters) - Alan Schwartz knows how to play a long game.

mergersNews reuters.com

Underwriters on the hook after botched Veritas deal

LONDON/NEW YORK, Nov 20 (IFR) - The US$5.6bn debt sale backing Carlyle Group's buyout of Veritas collapsed in spectacular fashion this week, leaving the eight underwriting banks hurting from a deal...

PersonalFinance reuters.com

Exclusive: Buffett's banker Trott looks to Europe with London office - sources

LONDON/NEW YORK (Reuters) - Warren Buffett's favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to...

companyNews reuters.com

CORRECTED-RPT-Middlemen the key to corporate bond market's electric dreams

LONDON/NEW YORK, Nov 10 (Reuters/IFR) - Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a platform called Bondcube.

companyNews reuters.com

CORRECTED-Middlemen the key to corporate bond market's electric dreams

LONDON/NEW YORK, Nov 10 (Reuters/IFR) - Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a platform called Bondcube.

companyNews reuters.com

RPT-Middlemen the key to corporate bond market's electric dreams

LONDON/NEW YORK, Nov 10 (Reuters/IFR) - Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a platform called Bondcube.

companyNews reuters.com

Middlemen the key to corporate bond market's electric dreams

LONDON/NEW YORK, Nov 10 (Reuters/IFR) - Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a platform called Bondcube.

financialsSector reuters.com

Fitch: Final TLAC Rules Likely Neutral for G-SIB Senior Debt Ratings

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: TLAC For Banks - Sovereign Support's Heir https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=873036 LONDON/NEW YORK/SINGAPORE, November 09 (Fitch) Fitch Ratings says the final total loss absorbing capacity (TLAC) rules could benefit the Issuer Default Ratings (IDR) of some of the 30 global systemically important banks (G-SIB). TLAC will also generally benefit bank counterparties mor

financialsSector reuters.com

UPDATE 1-Hedge fund Brevan Howard lays off 50 support staff -source

LONDON/NEW YORK, Nov 6 (Reuters) - Leading European hedge fund firm Brevan Howard has cut around 50 support staff across its global operations, a source familiar with the matter on Friday said, as part of a plan to focus on its flagship macro-economic funds business.

companyNews reuters.com

UPDATE 1-Barclays, Wachovia to pay $378 mln to settle U.S. mortgage claims

LONDON/NEW YORK Oct 19 (Reuters) - British bank Barclays Plc and U.S. bank Wachovia, now part of Wells Fargo & Co , will pay a combined $378 million to resolve claims over toxic mortgage-backed securities sold to now-failed credit unions, a U.S. credit union regulator said on Monday.

businessNews reuters.com

Exclusive - Mondelez seeks European cheese and grocery asset sale: sources

LONDON/NEW YORK (Reuters) - Mondelez International Inc is exploring a sale of its European cheese and grocery business, which could be valued at around $3 billion, according to people familiar with the matter, as it sharpens its focus on snack foods and refreshments.

basicMaterialsSector reuters.com

Returns-starved investors brace for leanest year since 2008

LONDON/NEW YORK, Sept 30 (Reuters) - Global investors limp into the fourth quarter of a volatile 2015 nursing the worst financial market returns since the credit bust and banking collapse of 2008 and with few hopes of making up ground before the end of the year.

basicMaterialsSector reuters.com

US, European gold coin sales surge in third quarter

LONDON/NEW YORK, Sept 11 (Reuters) - Gold coin sales in the United States and Europe have surged in the third quarter, with sales from the U.S. Mint reaching levels not seen since the price crash of 2013, as low prices and a series of market shocks fuel retail buying.

businessNews reuters.com

U.S. and euro zone business improves, Asia a concern

LONDON/NEW YORK (Reuters) - Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according to purchasing manager surveys.

marketsNews reuters.com

GLOBAL ECONOMY-U.S. and euro zone business improves, Asia a concern

LONDON/NEW YORK, Sept 3 (Reuters) - Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according...

companyNews reuters.com

UPDATE 1-UK probe blames 787 fire on short circuit, urges more battery tests

LONDON/NEW YORK, Aug 19 (Reuters) - Britain's air safety investigator on Wednesday blamed a short-circuit involving a lithium-metal battery for a 2013 fire on a Boeing Co 787 Dreamliner parked at London's Heathrow Airport and called for further scrutiny and testing of lithium batteries on all aircraft.