Funds

Shares in Canada`s Home Capital surge as Buffett rides to rescue

Shares in Canada`s Home Capital surge as Buffett rides to rescue

Published 23/06/2017

FILE PHOTO - The entry to the Home Capital Group's headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada on May 1, 2017. Picture taken using a wide angle lens. REUTERS/Chris Helgren/File Photo

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is providing a C$2 billion loan to Home Capital Group Inc (HCG.TO) and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier.

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`Bailout` Buffett burnishes `lender of last resort` image

`Bailout` Buffett burnishes `lender of last resort` image

Published 23/06/2017

FILE PHOTO - Investor Warren Buffet arrives for the premiere of the film ''Wall Street: Money Never Sleeps'' in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

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Biggest U.S. banks clear first hurdle in Fed`s annual stress tests

Biggest U.S. banks clear first hurdle in Fed`s annual stress tests

Published 22/06/2017

A combination file photo shows international banks Morgan Stanley, Barclays, Goldman Sachs, JPMorgan, Credit Suisse, Citigroup and Bank of America Merrill Lynch from Reuters archive. REUTERS/File photos

The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.

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U.S. stock fund flows decline week after one of biggest inflows of 2017

U.S. stock fund flows decline week after one of biggest inflows of 2017

Published 22/06/2017

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday.

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U.S.-based taxable bond funds attract $3 billion in week: Lipper

U.S.-based taxable bond funds attract $3 billion in week: Lipper

Published 22/06/2017

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Investors poured $3 billion into U.S.-based taxable bond funds during the latest week despite incurring some losses, Lipper data showed on Thursday.

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Column: Big Social Security COLA will be offset by Medicare premiums

Column: Big Social Security COLA will be offset by Medicare premiums

Published 22/06/2017

FILE PHOTO: A senior citizen lawn bowls in Sun City, Arizona, January 9, 2013. REUTERS/Lucy Nicholson

Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise.

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Gundlach says flatter Treasury yield curve could become a concern

Gundlach says flatter Treasury yield curve could become a concern

Published 21/06/2017

Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday.

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Low U.S. inflation? It`s your phone: BlackRock bond manager

Low U.S. inflation? It`s your phone: BlackRock bond manager

Published 21/06/2017

A man stands in the middle of Grand Central Terminal as he speaks on a cell phone, in New York, September 25, 2013. REUTERS/Zoran Milich

Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday.

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After MSCI verdict, still long wait for China`s full entry to global indexes

After MSCI verdict, still long wait for China`s full entry to global indexes

Published 21/06/2017

The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration

MSCI's decision to add Chinese shares to a key benchmark is a major milestone, but investors say it will be a long and rocky road ahead before the might of the world's second-largest economy is fully reflected in global indexes.

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U.S. stock market gets relief from strong fund flows: trade group

U.S. stock market gets relief from strong fund flows: trade group

Published 21/06/2017

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 2, 2017. REUTERS/Brendan McDermid

U.S. stock fund flows rebounded in the latest week, providing succor to markets after multibillion dollar withdrawals in the prior week, data from trade group Investment Company Institute (ICI) showed on Wednesday.

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