(Reuters) -BofA Global Research no longer expects the U.S. Federal Reserve to raise interest rates, joining other Wall Street banks, following softer-than-expected October inflation data in the world[...]
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Some fund managers see merit in China’s deeply discounted stocks
(Corrects paragraph three to remove reference to Fidelity International being a U.S. asset manager) By Summer Zhen HONG KONG (Reuters) -After months of steering clear of China, global asset managers a[...]
Read morePayments app Zelle begins refunds for imposter scams after Washington pressure
By Hannah Lang (Reuters) – Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer[...]
Read moreJapan fund INCJ sells $1.8 billion of Renesas shares
TOKYO (Reuters) -Japanese state-backed fund INCJ said it has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics, offloading 279 billion yen ($1.84 billion) wor[...]
Read moreJanus Henderson launches ETF focused on securitized products
By Matt Tracy (Reuters) – Asset manager Janus Henderson on Thursday announced the launch of a new exchange-traded fund aimed at structured finance securities, in response to investor demand for[...]
Read moreGlobal asset managers talk up China as long-term bet
HONG KONG (Reuters) -Top executives at global asset managers on Wednesday talked up China at an event in Hong Kong on Wednesday, championing long-term investment opportunities in an economy battling t[...]
Read moreBanking chiefs say market vulnerable to ‘geopolitical escalation’, regulatory push
By Selena Li HONG KONG (Reuters) -Top global banking chiefs on Tuesday said they are concerned the financial sector’s next crisis may come from rising geopolitical uncertainty which could test f[...]
Read moreExclusive-Hedge fund Caxton wins on bond rout to claw back performance losses – sources
By Nell Mackenzie LONDON (Reuters) -Well known hedge fund manager Andrew Law’s $12.5 billion Caxton Associates has clawed back much of the losses it made earlier this year, benefiting from bets[...]
Read morePrivate equity rushes to Gulf as fundraising dries up
By Hadeel Al Sayegh and Anousha Sakoui RIYADH/LONDON (Reuters) – A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign we[...]
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