Financials (Legacy)

Emerging market stocks’ descent to 17 month lows entices U.S….

Emerging market stocks’ descent to 17 month lows entices U.S….

Published 08/10/2018

NEW YORK (Reuters) - The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may [more…]

Schroders Plc and Lloyds Banking Group in talks over wealth…

Schroders Plc and Lloyds Banking Group in talks over wealth…

Published 07/10/2018

(Reuters) - Asset manager Schroders Plc (SDR.L) and Lloyds Banking Group (LLOY.L) said on Sunday they were in discussions over a wealth management alliance. The [more…]

Under fire from Musk, top fund firms defend securities lending

Under fire from Musk, top fund firms defend securities lending

Published 05/10/2018

BOSTON (Reuters) - Accused by Tesla Inc Chief Executive Elon Musk of making “excessive profit” by lending shares to short-sellers, top index fund companies shot [more…]

BNP Paribas Asset Management goes short U.S. tech stocks

BNP Paribas Asset Management goes short U.S. tech stocks

Published 05/10/2018

LONDON (Reuters) - BNP Paribas Asset Management is shifting its exposure across U.S. equities away from banks and positioning for a decline in technology stocks, [more…]

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

Wells Fargo planning its first post-crisis mortgage bond: Bloomberg

Published 05/10/2018

(Reuters) - Wells Fargo & Co (WFC.N) is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported [more…]

Investors pull most cash from U.S. Treasury funds since March 2016:…

Investors pull most cash from U.S. Treasury funds since March 2016:…

Published 04/10/2018

NEW YORK (Reuters) - Investors dumped U.S. government debt funds during the latest week, Lipper data showed on Thursday, pulling the most cash from those [more…]

Namibian president wants land expropriated to boost black ownership

Namibian president wants land expropriated to boost black ownership

Published 01/10/2018

WINDHOEK (Reuters) - Namibia’s president called on Monday for a change to the constitution to allow the government to expropriate land and re-distribute it to [more…]

Brexit Secretary Raab says: We will not accept two UK customs regimes

Brexit Secretary Raab says: We will not accept two UK customs regimes

Published 01/10/2018

BIRMINGHAM, England (Reuters) - Prime Minister Theresa May’s government will not accept two different customs regimes in the United Kingdom after Brexit so the European [more…]

UK will see truly driverless cars on roads in 3-4 years: minister

UK will see truly driverless cars on roads in 3-4 years: minister

Published 01/10/2018

BIRMINGHAM, England (Reuters) - Britain will see truly driverless cars on its roads in three to four years but there will still be a role [more…]

Harbinger hedge fund manager to pay $30 million in New York tax accord

Harbinger hedge fund manager to pay $30 million in New York tax accord

Published 27/09/2018

NEW YORK (Reuters) - An offshore hedge fund firm whose investing was led by money manager Philip Falcone will pay $30 million to resolve claims [more…]