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  • SYDNEY, March 15- Shares of Australian port operator Qube Holdings Ltd and Asciano Ltd were suspended on Tuesday, after Qube said it would soon make a "significant" announcement about an acquisition following after a months-long bid against Canada's Brookfield Asset Management Inc to buy Asciano. But on Feb. 24 Qube said it wanted to end the bidding war with...

  • BERLIN, March 14- Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. Law firm TISAB said the lawsuit was over whether VW neglected its duty to the capital markets regarding the...

  • Canyon Capital, which holds a 4.5 percent stake in the company, has been seeking to persuade Ambac to find ways to accelerate the settlement of $4 billion in insurance claims. Ambac said in response to the hedge fund's nominations that, including deferred payments, Canyon Capital's credit exposure is $376 million. The Los Angeles- based hedge fund on Monday...

  • NEW YORK, March 14- The four-week rally in U.S. stocks is "beginning to look a bit excessive" given global economic uncertainty, BlackRock Inc Global Chief Investment Strategist Russ Koesterich said on Monday. A decline in Chinese exports cast doubt on the strength of global trade, Koesterich said, yet U.S. stocks continue to trade with fewer price swings as...

  • LONDON, March 14- After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point. Leading commodities indexes rallied on Friday after the International Energy Agency signalled a possible floor in the price of oil which has slumped 65 percent...

  • ACAPULCO, Mexico, March 11- BlackRock Inc Chief Executive Officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies. "China does represent maybe more global risk than anything in the world today," he said at a banking conference in Acapulco,...

  • NEW YORK, March 11- Many bond investors who benefited from the recent rally in battered energy debt prices are maintaining or seeking to add to their holdings, viewing the rally as the start of a longer-lasting uptrend rather than a blip. Fund managers including MacKay Shields, Thornburg Investment Management and BlueBay Asset Management said they had...

  • *To close London head office. LONDON, March 11- Anglo-South African financial services group Old Mutual will split into its four main businesses, and may list its emerging market and wealth management arms, it said on Friday. Regulatory changes in Europe and South Africa have made the company, which started out in 1845 as a life insurance firm in Cape Town, more...

  • LONDON, March 11- Anglo-South African financial services group Old Mutual Plc said on Friday it would split up into its four main businesses, strengthening expectations of the sale or listing of its UK asset management arm. The break-up of the company, which is listed in London and Johannesburg and has insurance, asset management and banking operations, follows...

  • SYDNEY, March 11- U.S. gold giant Newmont Mining said it is selling its stake in Australian miner Regis Resources to institutional investors for $182 million. Newmont, which mines about 5 million ounces of gold a year compared with about 300,000 ounces for Regis, said in a statement it has sold nearly $1.9 billion in non-core assets since mid-2013.

  • NEW YORK, March 10- With its pitch to sell a new kind of exchange-traded fund held up by regulators, T. Rowe Price Group Inc may turn to traditional ETFs to get started in that market, a spokesman told Reuters. The Baltimore fund company, which manages $766 billion in mutual funds and other investment products, is one of the top asset managers not to offer a lineup of ETFs,...

  • NEW YORK, March 10- A U.S. judge cleared the way on Thursday for former hedge fund manager David Ganek to sue government officials, including Manhattan U.S. District Judge William Pauley in Manhattan rejected the government's bid to dismiss a lawsuit by the former head of Level Global Investors, who said "fabricated" evidence was used to justify the November 2010...

  • DUBAI, March 10- Falcon Private Bank plans to expand in Africa and will look at opportunities arising from Barclays' planned sale of its African assets, a senior executive at the Swiss bank told Reuters. Falcon also recently hired a small team of bankers in London from Standard Chartered and they were drawing up a strategy for future expansion in Africa, which...

  • March 9- Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuters on Wednesday. The new Global Asset Management Group will help boost the investment banking coverage of these...

  • LONDON, March 9- Iran aims to overhaul its banking sector by tackling non-performing loans and imposing tougher capital requirements after years of isolation, a senior central bank official said on Wednesday, adding the country was working on a Eurobond issue. Many of Iran's banks are still struggling after piling up bad debt during the more than a decade-long...

  • *Brent crude up above $40 per barrel. *Biotechs fall on test program to lower Medicare drug costs. "It's the same three culprits that have been driving the first two months of the year and that is- central bank policy, China and oil," said Bill Northey, chief investment officer of the private client group at U.S. Bank. in Helena, Montana.

  • *Brent crude up above $40 per barrel. *Biotechs fall on test program to lower Medicare drug costs. "It's the same three culprits that have been driving the first two months of the year and that is- central bank policy, China and oil," said Bill Northey, chief investment officer of the private client group at U.S. Bank. in Helena, Montana.

  • *Targets 4.2 bln eur in 2019 vs 3.5 bln in 2015. PARIS, March 9- Credit Agricole plans to increase net income by around 20 percent within three years, largely through cost cutting, as it seeks to keep investors on board during a complex restructuring. The French bank said on Wednesday that it will reduce costs and increase cross-selling in its retail, asset management...

  • LONDON, March 9- European shares rose on Wednesday as firmer banking, telecom and consumer goods stocks propped up the region's equity markets, in spite of lingering signs of global economic weakness. However, Hampstead Capital hedge fund manager Lex Van Dam said expectations of more monetary stimulus measures from the European Central Bank on Thursday were...

  • The outlook for asset management

    Mike Wells, CEO of Prudential, says the U.K. asset management space is becoming more competitive and comments on the trend of 'robo-advisors.'