Wealth Management

Weak construction, chemicals earnings hold Europe back while…

Weak construction, chemicals earnings hold Europe back while…

Published 08/02/2019

LONDON (Reuters) - European stocks slipped again on Friday, following their weakest day in six weeks, as downgrades to growth forecasts weighed and bleak numbers [more…]

Investors pump record amounts of cash in emerging markets: BAML

Investors pump record amounts of cash in emerging markets: BAML

Published 08/02/2019

LONDON (Reuters) - Investors pumped record high volumes of cash into emerging markets shares and bonds in the past week, Bank of America Merrill Lynch [more…]

Slowing global economic growth to deter U.S. rate hikes: RBC’s Bishop

Slowing global economic growth to deter U.S. rate hikes: RBC’s Bishop

Published 07/02/2019

NEW YORK (Reuters) - U.S. central bankers are done raising domestic interest rates amid signals from Asia and Europe that global economic growth is sputtering, [more…]

Medicare Part D no match for runaway specialty drug costs: study

Medicare Part D no match for runaway specialty drug costs: study

Published 07/02/2019

CHICAGO (Reuters) - When Medicare prescription drug insurance was created in 2003, the idea that beneficiaries with very high drug costs should pick up 5 [more…]

‘Socially Conscious’ mutual fund launches at record high

‘Socially Conscious’ mutual fund launches at record high

Published 06/02/2019

LONDON (Reuters) - A record number of ‘socially conscious’ mutual funds and exchange-traded funds were launched by asset managers last year, keen to tap growing [more…]

Bill Gross, once Wall Street’s ‘Bond King,’ retires after rocky…

Bill Gross, once Wall Street’s ‘Bond King,’ retires after rocky…

Published 04/02/2019

NEW YORK (Reuters) - Bill Gross, once the bond market’s most influential investor, will retire from Janus Henderson Group Plc in coming weeks, ending attempts [more…]

Dior gowns that made headlines star in London exhibition

Dior gowns that made headlines star in London exhibition

Published 31/01/2019

LONDON (Reuters) - From Princess Margaret’s 21st birthday gown to Oscar winner Jennifer Lawrence’s red carpet dress, Christian Dior outfits that have made headlines go [more…]

Starboard Value co-founder Mark Mitchell retires from firm

Starboard Value co-founder Mark Mitchell retires from firm

Published 26/01/2019

NEW YORK (Reuters) - Mark Mitchell, the co-founder of Starboard Value LP who helped turn it into one of Wall Street’s most high-profile activist hedge [more…]

U.S. pensions seen moving $12 billion to bonds from stocks: Wells…

U.S. pensions seen moving $12 billion to bonds from stocks: Wells…

Published 25/01/2019

NEW YORK (Reuters) - U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the [more…]

Hedge fund prepares proxy fight to oust embattled PG&E’s board

Hedge fund prepares proxy fight to oust embattled PG&E’s board

Published 24/01/2019

(Reuters) - PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its [more…]