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  • *Kuwait, Oman biggest losers after closing at peak of sell-offs. DUBAI, March 26- Most Middle East stock markets fell on Thursday after Saudi Arabia and its allies in the region launched air strikes against Yemen's Houthi militia, but they came well off their lows late in the day as the initial panic subsided. Yemen's slide toward civil war has made the country a...

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • DUBAI, March 26- Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease. Air strikes against Houthi forces in Yemen by Saudi Arabia on Thursday raised the prospect of a proxy war, with Shi'ite Iran...

  • Net new money from the Asia Pacific region, including Japan, amounted to 26.7 billion Swiss francs over the last four quarters, compared with $10 billion in the Americas, the bank's latest financial report shows. "We do expect wealth creation to be a big theme in China," he said. According to the Boston Consultancy Group, private financial wealth in China, where the...

  • BEIJING, March 26- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor prgoramme rose to $72.1 billion as of March 26, China's currency regulator said on Thursday. The quota was worth $69.7 bln at the end of February. The QFII program was created years ago by China to allow foreigners to invest in Chinese capital...

  • March 25- BlackRock Inc, the world's largest asset manager, is looking to invest in infrastructure projects in Mexico, according to sources familiar with the situation. As Mexico has opened up to foreign capital in recent years, BlackRock's infrastructure investment group sees an opportunity and is setting up a team of specialists to work out of its Mexico City...

  • Whitman, the founder of Whitman Capital LLC in Menlo Park, California, is serving a two-year prison term for his August 2012 conviction on securities fraud and conspiracy charges. Prosecutors said he profited in trading in shares of Google Inc and video-conferencing company Polycom Inc based on illegal tips from people like former Intel Corp employee Roomy...

  • ZURICH, March 25- Swiss bank Vontobel said it had the firepower for more deals, after agreeing to buy a majority stake in Britain's TwentyFour Asset Management and announcing takeover talks for a German-based asset manager. Zurich- based Vontobel has been restrained in acquisitions since buying Commerzbank's Swiss arm in 2009, despite stressing it has the...

  • An attorney for the New York and Tennessee Republican parties urged the U.S. Court of Appeals for the District of Columbia to toss out the Securities and Exchange Commission's rule, saying it tramples on the free speech rights of asset managers. He cited a sworn statement submitted by Tennessee state Senator Jim Tracy, who testified that his campaign was hurt by...

  • ZURICH, March 23- Liechtenstein's biggest bank LGT does not expect to suffer any fallout from assets it bought from HSBC's private bank months before that business was embroiled in a scandal over allegedly helping clients to dodge taxes. Vaduz- based LGT, owned by the principality's royal family, snapped up 7.1 billion Swiss francs of private banking assets...

  • LONDON, March 23- Hedge funds have turned super-bearish about U.S. oil prices as concerns about running out of storage trump the drop in the number of rigs drilling new wells. Money managers had amassed a record number of short positions in futures and options contracts linked to WTI by the end of March 17, equivalent to 209 million barrels of oil, according to the...

  • DUBAI, March 22- HSBC Global Asset Management, an arm of HSBC Holdings, is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said. The firm, which managed $454 billion of assets at the end of December, is also increasing its exposure to beaten-down currencies of countries such as...

  • DUBAI, March 19- Abu Dhabi's state-owned Etihad Airways has signed a rare financing deal that will cover the entire cost of an aircraft, it said on Thursday, with Korean investors backing its second Airbus A380 superjumbo valued at a list price of $428 million. The way Etihad finances its fleet and expansion plans is under heightened scrutiny after carriers in...

  • The strategy usually involves buying stock in a Delaware- incorporated company that is being acquired and then filing a claim that gets a judge to determine the fair price for the shares in a process known as appraisal. But now the top corporate lawyers in Delaware, where about two-thirds of Fortune 500 companies are chartered, are proposing an amendment to the...

  • *Investors looking to turn overweight France- survey. While far from an investors' favourite, the drive to cut regulations has encouraged fund managers to boost their allocations in France, seeking value shares in firms exposed to the euro zone's second biggest economy as it starts to revive. "The response from international investors on the signs that the...

  • March 17- The founder of the world's largest hedge fund is warning that an anticipated interest rate increase by the Federal Reserve later this year could take a bite out of the economic recovery, saying it could "knock over the apple cart." "Clearly the Fed has created expectations that it will tighten in either June or September and such expectations are...

  • NEW YORK, March 17- Cerberus Capital Management and Solus Alternative Asset Management on Tuesday proposed a new plan to restructure bankrupt wireless venture LightSquared, with the support of billionaire Charles Ergen, LightSquared's largest lender. The plan is designed to compete with a LightSquared-backed one whose fairness is the subject of an...

  • Andorra on Monday slapped a 2,500 euros per week withdrawal limit on depositors in Banca Privada d' Andorra, which it took under state control last week following U.S. allegations that the bank laundered money for international criminal enterprises including Venezuelan gangs defrauding state-owned oil companies. Andorra, the proverbial tiny...

  • European shares slip from highs, automakers weigh Tuesday, 17 Mar 2015 | 1:35 PM ET

    *Peugeot falls as car sales growth lower than sector. The STOXX Europe Automobiles and Parts index fell 2.5 percent, hit by a 5.9 percent fall in Peugeot after the automaker's vehicle sales rose less than the sector in February. Peugeot underperformed the European auto market in February with an increase limited at 1.1 percent, "a Paris- based trader said.

  • March 17- Bank of America Corp appointed Ann Limberg as the head of philanthropic solutions and the family office of U.S. Trust, its ultra-high net worth unit. Limberg has worked at the company since 2004, including as managing director and Northeast division executive for U.S. Trust, where she oversaw wealth management strategy across nine states.