(Reuters) – Speculators’ net bearish bets on U.S. 10-year Treasury note futures climbed to a record high earlier this week when the 10-year yield rose to 3 percent for the first time in over four years, according to U.S. Commodity Futures Trading Commission da... More »
NEW YORK (Reuters) – A U.S. appeals court on Thursday revived a lawsuit by five Korean traders accusing the New York high-frequency trading firm Tower Research Capital LLC and its founder Mark Gorton of conducting illegal “spoofing” trades at their expense. Th... More »
HONG KONG/BEIJING (Reuters) – China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency int... More »
LONDON (Reuters) – U.S. exchange operator CME Group has made a $5.5 billion offer to buy NEX Group to create a cross-border powerhouse for investors trading in the multi-trillion dollar foreign exchange and government debt markets. Shareholders in NEX, a finan... More »
NEW YORK (Reuters) – A company behind U.S.-based funds tied to Wall Street’s “fear gauge” is making changes to its investment strategy after a sudden market plunge this month routed traders betting on the complex instrument. Investors’ once-profitable wagers o... More »
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 16, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, ... More »
NEW YORK (Reuters) – An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week. In a complaint seeking class-action statu... More »
A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder/File Photo BOSTON/NEW YORK (Reuters) – Fidelity Investments on Friday told clients they could not buy shares in an exchange-traded fund that bets... More »
NEW YORK (Reuters) – A U.S. mutual fund that relied heavily on a strategy that profits from calm markets has shut its doors to new investment after losing more than four-fifths of its value in recent market turmoil, filings showed on Thursday. The once-$800 mi... More »
FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo NEW YORK (Reuters) – Surging shal... More »
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo (Reuters) – The U.S. Securities and Exchange Commission filed an insider trading... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 26, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally ha... More »
NEW YORK/LONDON (Reuters) – Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an inve... More »
(Reuters) – TMX Group’s (X.TO) head of equity capital markets, Nicholas Thadaney, is leaving Canada’s biggest stock exchange operator after a reorganization of the company, Chief Executive Officer Lou Eccleston said. Thadaney’s role as president and CEO of cap... More »
FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo (Reuters) – Berkshire Hathaway Inc’s energy unit on Thursday named William Fehrman as its ... More »
FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma, U.S., September 15, 2015. REUTERS/Nick Oxford/File Photo NEW YORK (Reuters) – Oil prices edged higher on Tuesday, with U.S. crude touching its hig... More »
NEW YORK (Reuters) – Major global stock indexes slipped on Friday in light pre-holiday trade, exacerbated by weakness in several blue-chip companies’ shares, while Spanish bond yields rose after separatists won a Catalan election. Shoe and apparel maker Nike I... More »
FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo NEW YORK/SYDNEY (Reuters) – Bitcoin futures received a lukewarm reception at its launch on the CME Group Inc on Sunda... More »
(Reuters) – Cboe Global Markets Inc and CME Group Inc will launch futures contracts on bitcoin on Dec. 10 and Dec. 17 respectively. Here are some of the differences between the products to be offered by the exchange operators. CONTRACT UNIT -The Cboe Bitcoin F... More »
A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday. ... More »
A general view shows the aerial subway and the city rooftops in Paris February 24, 2015. REUTERS/Gonzalo Fuentes PARIS/LONDON (Reuters) – The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks af... More »
Copies of tax legislation are seen during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., November 15, 2017. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – Global banks raised concerns on Friday over a provision in the U.S. Sena... More »
Bitcoin, whose value has fluctuated significantly this month, remains a "speculative" investment that thrives because of the cryptocurrency's anonymous nature, BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Monday. More »
Bayliss and Ross Kerber More »
Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals. More »
The European Central Bank should scrap plans for industry-wide rules to force banks to clean up bad loans, the head of the European Parliament's influential economic affairs committee said on Friday, as lawmakers dug in their heels in a dispute. More »
China's central bank said on Thursday that foreign investors would be permitted to trade in bond derivatives in the country's interbank market. More »
The U.S. dollar index rose to seven-week highs on Thursday as data pointed to solid U.S. growth, a day before Friday's highly anticipated jobs report for September. More »
Hong Kong needs to find new ways to attract so-called new-economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing Ltd (HKEX) (0388.HK), told Reuters on Tuesday. More »
Hong Kong Exchanges & Clearing Ltd (HKEX) (0388.HK) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday. More »
Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates. More »
BlackRock Inc's (BLK.N) largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. More »
Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to them gaining broad acceptance. More »
For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. More »
Asian investors, wary that the region’s stock markets and currencies have run up too far too fast and wondering whether it is time to take some money off the table, are finding that their concerns are not being reflected in major gauges of volatility and fear.... More »
A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Dreyfuss and Anna Irrera More »
Traders work in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, July 28, 2017. Lack of volatility in financial markets that has hit ‘macro’ hedge funds in the first half of the year has not stopped some investors ... More »
FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. Qatar’s tensions with its neighbors are making world markets edgy about any hint of financial instability among the Gulf economies, who... More »
French Finance Minister Bruno Le Maire leaves after the weekly cabinet meeting at the Elysee Palace in Paris, France, June 28, 2017. REUTERS/Charles Platiau France will set up a special court to handle English-law cases for financial contracts after Britain le... More »
Kyle Bass, Chief Investment Officer of Hayman Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2016. REUTERS/Lucy Nicholson Hayman Capital Management founder Kyle Bass on Thursday said he remains s... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2017. REUTERS/Brendan McDermid U.S. interest rate futures ended higher on Wednesday as traders scaled back bets on two more rate increases by the end of 2017 following t... More »
A sticker reading ”Bitcoin accepted here” is displayed at the entrance of the Stadthaus town hall in Zug, Switzerland, August 30, 2016. REUTERS/Arnd Wiegmann Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for cry... More »
President Donald J. Trump nominated Brian Quintenz, a former fund manager, consultant and congressional policy adviser, to serve as commissioner on the Commodity Futures Trading Commission, the White House said in a statement on Friday. More »
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo Hedge funds and money managers cut bullish bets on U.S. crude for the third straight week, as the oil market remained volatile over concerns about r... More »
Traders look up at a screen that displays trading information for Snap Inc. on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2017. REUTERS/Brendan McDermid The dramatic fall in Snap Inc (SNAP.N) shares on Thursday following the com... More »
Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid European and emerging markets equities are more attractive than U.S. equities, and volatility in stock marke... More »
A view of the exterior of the Nasdaq market site in Times Square after the Nasdaq breached the 6,000 mark for the first time ever on Tuesday, in New York City, NY, U.S. April 25, 2017. REUTERS/Shannon Stapleton Short interest on the Nasdaq rose 0.5 percent in ... More »
People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File photo World stock markets dipped on Friday, as U.S. equities retreated after a soft reading on first-quarter economic growth, while the... More »
FILE PHOTO: A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France May 27, 2015. REUTERS/Benoit Tessier/File Photo Dreyfuss More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 20, 2017. REUTERS/Brendan McDermid U.S. stocks have struggled since the timeline for the Trump administration’s pro-growth agenda came into question, but investors appear ... More »
FILE PHOTO: A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015. REUTERS/Essam Al-Sudani/File Photo Oil prices were little changed in modest volume on Thursday, during a week in which crude benchmarks rec... More »
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Billionaire investor Carl Icahn’s oil refining company, CVR Energy, m... More »
Chicago-based exchange CME Group Inc and Britain’s Royal Mint have started testing a blockchain-based platform for trading gold, as more projects using the emerging technology come closer to deployment. More »
FILE PHOTO – A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford/File Photo Trading volumes and open interest in U.S. crude futures soared in 2016, particularly among buye... More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo The billionaire hedge fund manager Leon Cooperman has asked a federal... More »
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. REUTERS/Brendan McDermid Equities in world markets edged higher on Thursday, led by gains on Wall Street after an upward revision to U.S. economic growth, whil... More »
NYSE Arca said on Tuesday that all systems were functioning normally after a technical issue in the prior session prevented some symbols from completing a closing auction. More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo A federal judge on Monday rejected billionaire hedge fund manager Leo... More »
President Donald Trump plans to nominate J. Christopher Giancarlo to lead the Commodity Futures Trading Commission, the regulator tasked with policing the massive over-the-counter derivatives market, the White House said on Tuesday. More »
The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo U.S. short-term interest rate futures were little changed on Friday after a government report showed big job gains last month, underscoring the likelihood that t... More »
For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. More »
A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Warren Buffett said on Saturday he plans to stick with the shrewd bet that his Berkshire Hathaway Inc (BRKa.N) made on Bank of America Corp (BAC.N), but might event... More »
Traders work on the floor of the New York Stock Exchange, May 12, 2015. REUTERS/Brendan McDermid Bond trading revenue at the world’s top banks rose last year for the first time since 2012, thanks to increased activity after Britons’ voted to leave the European... More »
European investors are piling into exchange-traded funds, favoring those that mimic active fund managers, in a market where traditional trading relationships between assets are breaking down. More »
FILE PHOTO: Gold granules at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna April 16, 2013. REUTERS/Heinz-Peter Bader/File Photo Fears of inflexibility and rising costs are sapping enthusiasm for the London Metal Exchange’s new suite of gold... More »
Speculators dialed back their net bearish bets on Eurodollar futures from record highs after the Federal Reserve as expected raised interest rates last week, according to Commodity Futures Trading Commission data released on Friday. More »
The Credit Suisse logo is seen at the headquarters in Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini/File Photo Credit Suisse on Friday said it would lower investors’ hurdle to redeeming two popular exchange-traded notes, used to bet on the price of o... More »
Investors are paying a price for not finding buyers for popular exchange-traded notes (ETN), used to bet on oil prices, that delisted from U.S. exchanges this week. More »
The Bank of Italy logo is seen at the company’s headquarters in Milan, Italy, January 19, 2016. REUTERS/Stefano Rellandini/File Photo Speculators convinced the euro zone faces fresh instability have zeroed in on Italy’s constitutional reform referendum on Sund... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 24, 2016. REUTERS/Brendan McDermid With a week to go to the U.S. presidential election and some polls showing a tightening race, political risk is suddenly back on ... More »
Republican U.S. presidential nominee Donald Trump holds a campaign rally in Naples, Florida, U.S. October 23, 2016. REUTERS/Jonathan Ernst Prospects that the presidential election will inject a hefty dose of volatility into U.S. stock markets are fading fast a... More »
Record global debt levels pose a clear risk to oil demand, the International Energy Agency said on Tuesday, citing figures from the International Monetary Fund last week that showed the world is awash with a record $152 trillion in debt. More »
Out of fuel signs are pictured on gas pumps at a Mapco gas station at Spence Lane and Lebanon Pike in Nashville, Tennessee, U.S. September 17, 2016. REUTERS/David Mudd Retail gasoline prices surged due to continuing problems with Colonial Pipeline Co’s gasolin... More »
NEW YORK Algorithms are proving to be poor at timing currency markets, if a group of new exchange-traded funds is any indication. In January, ETF-industry leaders BlackRock Inc’s iShares unit and WisdomTree Investments Inc both launched slates of international... More »
NEW YORK U.S. interest rates futures fell on Friday but traders still saw less than a 50 percent probability the Federal Reserve would raise interest policy rates by year-end amid concerns about the global economy and possible stimuli from overseas central ban... More »
NEW YORK Oil prices were either side of unchanged on Sunday in early trade as the impact from Turkey’s failed military coup was broadly expected to be limited on global markets. The most-active Brent futures for September delivery rose $0.02, or 0.04 percent, ... More »
NEW YORK A BlackRock exchange-traded fund that tracks long-dated U.S. Treasuries was poised for its biggest weekly loss in 13 months as a rebound in stock markets worldwide stoked a sharp sell-off in U.S. government debt. BlackRock’s iShares 20-Plus Year Treas... More »
LONDON Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London’s dominance of finance. The ‘Vote Leave’ campaign fron... More »
NEW YORK Hedge fund manager David Einhorn has built a reputation on his ability to crater a company’s stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in N... More »
SAO PAULO Oi SA (OIBR3.SA) will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said, pitting some of the world’s biggest investors against each other as Brazil’s most-indebted phone carrier fights for ... More »
SHANGHAI/SINGAPORE China’s mutual fund industry is pushing to develop investment products linked to local commodity futures, betting that plans to fight chronic oversupply in the country’s mammoth resource sector will drive up prices for raw materials. The fun... More »
NEW YORK The dollar rose to a one-week high against a basket of currencies on Wednesday as Federal Reserve officials talked up the likelihood of more interest rates later this year, perhaps as early as April. The dollar index .DXY, which tracks the U.S. curren... More »
ACAPULCO, Mexico BlackRock Inc Chief Executive Officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies. “China does represent maybe mor... More »
LONDON Two of the three types of hedge funds which bet heavily on a sharp devaluation of China’s yuan last year have backed off the trade, leaving only some ultra-bearish “Black Swan” investors holding long-term bets, fund managers and bankers said. Hedge fund... More »
NEW YORK For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more- now some say they will settle for far less in deciding whether to crank up output after th... More »
SINGAPORE/NEW DELHI Asia’s oil markets are being upended as India’s and China’s refiners overtake once-dominant buyers like Japan and challenge the United States as the world’s biggest consumer. The shifts are not only establishing new trade routes but are als... More »
The former JPMorgan Chase & Co trader who became known as the “London Whale” as his unit generated $6.2 billion of trading losses in 2012 said he is not to blame for the scandal and was made a scapegoat for decisions made by his superiors. In a roughly 2,100-w... More »
NEW YORK Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a “family office” and will step down as collateral manager of three investment pools that helped fund her portfolio of troubled companies. The decision follow... More »
NEW YORK The financial sector is expected to be a bright spot for U.S. earnings growth in the third quarter, but options traders are playing it safe by snapping up protection against any surprises. Market volatility tends to rise during earnings season, and wi... More »
LONDON A year after Mario Draghi said European Central Bank interest rates had reached bottom, euro zone money markets are discounting a fair chance they could be lowered again – regardless of rising interest rates across the Atlantic. The low bank-to-bank len... More »
NEW YORK Traders priced in a more than 1-in-2 chance the U.S. Federal Reserve would raise interest rates in October after Atlanta Federal Reserve President Dennis Lockhart suggested the Fed could consider such a move. In over-the-counter trading, overnight ind... More »
(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft (Reuters) – Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Monday’s savage markets selloff inev... More »
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly sl... More »
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday its second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the... More »
ATHENS Greek blue-chip stock index futures opened sharply down on Monday ahead of the stock market’s open, with the nearest contract ATFQ5 expiring on August 21 down 18 percent at 202 points, after falling 15.2 percent on the first trade. The stock market will... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
NEW YORK Global equity markets dropped on Friday and copper fell to a six-year low as weaker-than-expected data from China and the euro zone exacerbated concerns over global economic growth. Brent and U.S. crude oil futures settled at their lowest since March ... More »
LONDON Oil prices tumbled on Monday as Iran and six world powers closed in on a final nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world markets. News of a unanimous agreement by European leaders on a bailout loa... More »
SINGAPORE Crude oil prices steadied on Tuesday, after posting one of their biggest selloffs this year in the previous session over Greece’s rejection of debt bailout terms and China’s ongoing stock market woes. Front-month U.S. crude futures CLc1 were trading ... More »
