Wealth

U.S. stock funds see fourth straight week of outflows: Lipper

U.S. stock funds see fourth straight week of outflows: Lipper

Published 29/11/2019

NEW YORK (Reuters) - U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows [more…]

Your Money: On #GivingTuesday, companies turbocharge holiday giving efforts

Your Money: On #GivingTuesday, companies turbocharge holiday giving efforts

Published 27/11/2019

NEW YORK (Reuters) - Four years ago, PayPal set out to break the Guinness World Record for the most money raised online for charity in [more…]

HSBC private banking sees double-digit asset, revenue growth on Asia boost

HSBC private banking sees double-digit asset, revenue growth on Asia boost

Published 27/11/2019

HONG KONG (Reuters) - The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a [more…]

Exclusive: Hedge fund Citadel’s commodities business up about $1 billion for the year – sources

Exclusive: Hedge fund Citadel’s commodities business up about $1 billion for the year – sources

Published 26/11/2019

NEW YORK (Reuters) - Citadel’s commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping [more…]

Local hero: Florida hotelier Harris Rosen keeps his giving close to home

Local hero: Florida hotelier Harris Rosen keeps his giving close to home

Published 26/11/2019

NEW YORK (Reuters) - Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his [more…]

Morgan Stanley fund offer for PNE too low: shareholders group SdK

Morgan Stanley fund offer for PNE too low: shareholders group SdK

Published 26/11/2019

FRANKFURT (Reuters) - Morgan Stanley Infrastructure Partners’ (MS.N) offer for PNE (PNEGn.DE) which values the German renewable firm at 306 million euros ($337 million) is [more…]

Your Money: Looking For Holiday Buys? Try E-commerce ETFs

Your Money: Looking For Holiday Buys? Try E-commerce ETFs

Published 26/11/2019

NEW YORK (Reuters) - First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season - [more…]

U.S. stock funds lose $3.6 billion in week: Lipper

U.S. stock funds lose $3.6 billion in week: Lipper

Published 21/11/2019

(Reuters) - U.S. equity funds saw $3.6 billion in outflows in the week ended on Wednesday, according to data released on Thursday by Lipper. U.S. [more…]

Bacon’s Moore Capital to return client capital after 30 years

Bacon’s Moore Capital to return client capital after 30 years

Published 21/11/2019

(Reuters) - Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management [more…]

Hedge fund Firefly hits out at Gulfport Energy’s plans, demands board seat

Hedge fund Firefly hits out at Gulfport Energy’s plans, demands board seat

Published 21/11/2019

NEW YORK (Reuters) - Firefly Value Partners on Thursday asked Gulfport Energy for a seat on its board and criticized the “half-measures” which the U.S. [more…]