LONDON (Reuters) - Economic turnaround in Russia and Brazil may be tempting investors back to BRIC equity funds, with EPFR Global on Friday reporting such funds took in new cash for two weeks in a... [Source]
(Reuters) - Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C$55 billion ($42.74 billion) in...
BOSTON (Reuters) - Vanguard Group Inc is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday, an important sign of confidence for the new...
BOSTON (Reuters) - A popular Fidelity Investments tech fund, whose manager left the company after being accused of sexual harassment, has retained a mandate to manage more than $2 billion for a New...
(Reuters) - Marcato said on Monday it was open to a proposal by Deckers Outdoor Corp's board to interview the activist investor's nominees only if the footwear maker was willing to reach a settlement...
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
LONDON (Reuters) - Uber's [UBER.UL] appeal against the loss of its London license should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing.
LONDON, Dec 11 (Reuters) - Uber's appeal against the loss of its London licence should begin on Apr. 30 for five days but might be delayed until June, a British judge said on Monday at a preliminary hearing.
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
(Reuters) - Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday.
LONDON (Reuters) - U.S. congressional committee members warned on Friday that Washington's funding of the World Health Organization's cancer research agency could be halted unless it is more open about its operations.
LONDON (Reuters) - London's financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.
LONDON (Reuters) - Lloyd's of London [SOLYD.UL] will press ahead with plans to establish a foothold in the European Union regardless of progress in EU divorce talks that industry groups said was welcome but did little to dispel uncertainty.
LONDON, Dec 8 (Reuters) - The chief executive of UK insurance market Lloyd's of London said she was pleased about the progress of talks about Britain's exit from the European Union but was nonetheless pressing ahead with plans for a subsidiary in Brussels.
HANGZHOU, China (Reuters) - In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks.
NEW YORK (Reuters) - U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors'...
(Reuters) - Kevin Kleinman, a trader at Watchhimtrade.com, listens to music on Pandora every morning as he executes trades worth millions of dollars. But he will not bet a dime on the music streaming company.
NEW YORK (Reuters) - Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign,...
COPENHAGEN (Reuters) - Lego has won a landmark case in China against two companies that manufactured and sold toys almost identical to its LEGO Friends range but branded Bela, the Danish toymaker said.
NEW YORK (Reuters) - Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are creating something...
MELBOURNE, Dec 7 (Reuters) - London copper edged up on Thursday but was still not far two-month lows amid signs that growth in China's property and power sectors, both major copper consumers, is tapering into the year end. FUNDAMENTALS * London Metal Exchange copper edged up by 0.3 percent to $6,571.50 a tonne by 0209 GMT, after closing little changed in the previous session. Prices on Tuesday fell to $6,507.50, the weakest since Oct. 10. Shanghai Futures Exchange copper
BOSTON (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday switched its recommendation in one of the season's most hotly contested proxy contests to suggest shareholders...
(Reuters) - Wal-Mart Stores Inc will be known as Walmart Inc, effective Feb. 1, the world's largest retailer said on Wednesday, as part of its efforts to rebrand itself as more than a brick and mortar store.
DUBLIN (Reuters) - Ireland expects Apple to start paying up to 13 billion euros ($15.36 billion) in back taxes into an escrow account once it is set up at the end of January, but an exact date has yet to be agreed.
BEIJING, Dec 6 (Reuters) - Shanghai copper fell more than 3 percent in early trade on Wednesday, tracking London prices which the session before saw their biggest drop since July, 2015. FUNDAMENTALS * SHFE COPPER: The most-traded Shanghai Futures Exchange copper contract was down 3.2 percent at 51,350 yuan ($7,758.44) a tonne at 0158 GMT, on course for its biggest one-day fall since November, 2016. * LME COPPER: Three-month copper on the London Metal Exchange was trading up
NEW YORK (Reuters) - DoubleLine Capital Chief Executive Jeffrey Gundlach, who voted for President Donald Trump, warned on Tuesday that it is a "strange environment" to be cutting U.S. corporate taxes...
ZURICH (Reuters) - Switzerland will return to Nigeria around $321 million in assets seized from the family of former military ruler Sani Abacha via a deal signed with the World Bank on Monday, the Swiss government said.
BOSTON (Reuters) - For the second time in a week, some clients at Fidelity Investments could not access their online accounts at the powerhouse retail trading brokerage on Monday morning in a glitch...
BOSTON (Reuters) - Fidelity Investments said on Monday some of its clients could not access their accounts on the company's website, the second time in a week that the large online brokerage operator...
LONDON (Reuters) - Facebook opened its new London office on Monday and said it would add another 800 jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit.
LONDON, Dec 4 (Reuters) - Facebook opened its new London office on Monday and said it would add another 800 jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit.
HONG KONG (Reuters) - Natixis SA aims to boost Asia's share of its corporate and investment banking sales to more than 15 percent over the next couple of years, as the French bank expands in areas such as fixed-income and equity derivatives, its chief executive said.
LONDON, Dec 1 (Reuters) - Bruised by the collapse of its merger with Deutsche Boerse and battered by the abrupt departure of its CEO, the London Stock Exchange (LSE) may find Brexit buys it time get its house in order.
MELBOURNE, Dec 4 (Reuters) - London copper held its ground on Monday, defying a stronger dollar to find support from resilient manufacturing demand in top consumer China. FUNDAMENTALS * COPPER: London Metal Exchange copper edged up by 0.1 percent to $6,841 a tonne by 0228 GMT, adding to 1.1 percent gains from the previous session. Prices last week fell by 2.4 percent trimming copper's advance for the year to 23 percent, still its largest advance since 2010. * SHFE: Shanghai
LONDON, Dec 4 (Reuters) - Facebook opens its new London office on Monday and said it would add 800 more jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit.
NEW YORK, Dec 1 (Reuters) - Lending to US private equity-owned companies hit a record high of US$588bn at the end of November, despite regulatorsâ€™ attempts to cool the market and a lack of jumbo deals, and is expected to climb further before the end of the year.
NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities...
BRUSSELS (Reuters) - The European Union is set to cut up to 175 million euros for Turkey in 2018 that are linked to Ankara's stalled bid to join the bloc and could block some 3.5 billion euros in development loans earmarked for the country, lawmakers and diplomats said.
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.
ZURICH (Reuters) - Russian sprinter Yulia Gushchina, part of the silver medal winning 4x400 metres relay team at the 2012 London Games, failed an anti-doping test, the International Olympic Committee said on Thursday.
SINGAPORE, Nov 30 (Reuters) - Airbus SE's talks with Qantas Airways about a plane that can fly 20 hours non-stop from Sydney to London are centred around the A350-900ULR rather than reviving a shorter A350 variant, an executive at the manufacturer said on Thursday.
WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, buoyed by robust business spending on equipment and an accumulation of inventories.
LONDON, Nov 29 (Reuters) - Private equity firms Apollo , KKR and CVC Capital Partners are the final three parties left bidding for Unilever's margarine and spreads business, sources familiar with the matter said, as the process moves towards its final round.
(Reuters) - Chipotle Mexican Grill Inc co-founder Steve Ells said on Wednesday he would step down as chief executive, succumbing to pressure from investors after failing to turn around the burrito chain from a string of food safety lapses.
LONDON (Reuters) - London's black-cab maker could strike a deal soon on the second overseas market for the new electric version of its famous taxi, the boss of the Chinese Geely-owned firm told Reuters on Wednesday.
LONDON (Reuters) - London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman has also signaled he will not seek re-election, as the exchange seeks to draw a line under a row with a top shareholder over management succession.
PARIS, Nov 29 (Reuters) - French investment company Eurazeo has agreed to buy a 30 percent stake in Rhone, a private equity firm set up by former Goldman Sachs and Lazard bankers, in a deal which Eurazeo said would boost its earnings.
MELBOURNE, Nov 29 (Reuters) - London copper edged higher on Wednesday, pulling away from its lowest in more than a week hit in the previous session, as the United States progressed with a bill that would support tax cuts but analysts said given weaker oil prices, any reprieve may prove short term. FUNDAMENTALS * LME: London Metal Exchange copper rose by 0.4 percent to $6,832.50 a tonne by 0216 GMT, paring losses from the previous session when prices dipped to the weakest since
BOSTON (Reuters) - Vanguard Group Inc on Tuesday said it will offer six actively managed exchange traded funds aimed at giving investors exposure to specific factors like low volatility or liquidity,...
BERLIN (Reuters) - Germany's federal government on Tuesday released 1 billion euros ($1.19 billion) of promised funding to help municipalities tackle diesel pollution but environmentalists doubt the move will help avert bans of polluting vehicles.
HARARE (Reuters) - Zimbabwe's new President Emmerson Mnangagwa has opened a three-month amnesty window for the return of public funds illegally stashed abroad by individuals and companies, he said on Tuesday.
BERLIN (Reuters) - German cities will call on the government to immediately release 1 billion euros ($1.2 billion) of promised funding to cut diesel pollution and help them avert a potential ban on diesel vehicles.
(Recasts, adds comment, updates details and prices) MELBOURNE, Nov 27 (Reuters) - London nickel led metals lower on Monday, as investors cut their exposure to risky assets as Beijing steps up a crackdown on shadow banking and other riskier forms of financing. China will check local governments' investment in railway projects, the state planner said on Friday, amid official concerns that breakneck infrastructure spending is racking up too much debt. "Today's selling is also a likely
LONDON (Reuters) - Panic erupted among Christmas shopping crowds on London's Oxford Street on Friday evening as armed officers raced to respond to reports of shots being fired in the area but police said later they had found no evidence of gunfire or casualties.
LONDON (Reuters) - Police said they were responding on Friday to reports of shots being fired on London's packed Oxford Street, the heart of the British capital's main shopping district, and had reacted as if the incident were terrorist related.
LONDON (Reuters) - Sovereign wealth funds (SWFs) withdrew more money from global stock and bond markets in the third quarter of 2017, albeit at a slower pace with net outflows of $3.7 billion, data...
LONDON, Nov 23 (Reuters) - Investors yanked $2 billion from high-yield bond funds over the past week, the fourth straight week of outflows, Bank of America Merrill Lynch data showed on Friday, as they took profits in an asset class that has yielded double-digit returns this year.
BOSTON (Reuters) - The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry...
LONDON (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favored areas of the market.
LONDON, Nov 22 (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favoured areas of the market.
NEW YORK (Reuters) - The Financial Industry Regulatory Authority said on Tuesday it fined JPMorgan Chase & Co's securities division $1.25 million for failing to conduct adequate background checks on...
CAPE TOWN, Nov 21 (Reuters) - South Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery that will be structured by senior debt and equity, energy minister David Mahlobo said on Tuesday.
CAPE TOWN, Nov 21 (Reuters) - South Africa is looking to the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery that will be structured by senior debt and equity, energy minister David Mahlobo told parliament on Tuesday.
(Reuters) - Mo Farah will start his career as a full-time road runner by taking part in a London half marathon early next year before tackling the full distance around the British capital in April, according to The Times.
PARIS, Nov 20 (Reuters) - Debt-ridden telecoms and cable group Altice said on Monday it was not preparing to raise cash by means of any equity issue, adding it had no margin loans problems and was working on an asset sale programme to cut its debt.
LONDON (Reuters) - As if clocking up a first victory over Rafael Nadal was not enough, David Goffin continued breaking new ground by stunning Roger Federer at the ATP Finals on Saturday to claim the biggest win of his career and reach the final.
NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S....
NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co has fired its head of consumer lending over unsuitable communications he had with a former employee, the bank said on Friday, the latest upheaval at a...
(Adds details on mutual funds and ETFs, table) By Trevor Hunnicutt NEW YORK, Nov 16 (Reuters) - U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data showed on Thursday. The junk bond mutual funds and exchange-traded funds (ETFs) posted $4.4 billion in net withdrawals during the week ended Nov. 15, the fourth-largest weekly outflow on record dating back to 1992. Several concerns weighed on high-yield markets during the week
LONDON (Reuters) - Jack Sock became the first American to reach the last four of the ATP Finals for 10 years when he stunned world number three Alexander Zverev in a firecracker of a match on Thursday.
(Reuters) - Sandell Asset Management Corp, an activist investor in Barnes & Noble Inc, has proposed a transaction that would take the bookseller private with the help of current shareholders and debt...
WASHINGTON (Reuters) - A former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. Comptroller of the Currency, serving as the...
LONDON (Reuters) - Roger Federer went through round-robin play at the ATP Finals undefeated for the 10th time as he returned to haunt Marin Cilic with a 6-7(5) 6-4 6-1 win at the O2 Arena on Thursday.
LONDON (Reuters) - The Old Vic theater in London said on Thursday it had received 20 separate allegations of inappropriate conduct by Kevin Spacey from 20 men who came into contact with him at the theater, or in connection with it, between 1995 and 2013.
LONDON (Reuters) - Uber's [UBER.UL] appeal process against a decision by London's transport regulator to strip the taxi app of its operating license in the British capital could take years, the Mayor of London Sadiq Khan said on Thursday.
LONDON (Reuters) - The final death toll from the fire that destroyed the Grenfell Tower social housing block in London in June is 71, police said on Thursday after five months of painstaking search and recovery operations.
LONDON, Nov 16 (Reuters) - One in three tech companies in London have seen talks with potential international hires fall through due to Britain's decision to leave the European Union, according to a survey from industry body Tech London Advocates.