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Diversified Financials Capital Markets

  • June 19- U.S. investment bank Jefferies Group LLC reported a 29.4 percent rise in quarterly profit, helped by strong revenue from its investment banking business. Net income attributable to Jefferies Group rose to $69.8 million in the second quarter ended May 31, from $53.9 million a year earlier. New York- based Jefferies, a unit of Leucadia National Corp,...

  • *China's PBOC seen determined to keep yuan stable short-term. *Dallas hedge fund manager Kyle Bass sticks to short position. Major global fund managers such as Goldman Sachs Asset Management, Old Mutual Global Investors, Standard Life Investments and Aviva Investors-- have taken off short yuan positions even as many of them see some weakness further down the...

  • TOKYO, June 20- Japan's Nikkei share average probed its highest levels in nearly two years on Tuesday, powered by record highs on Wall Street and a weaker yen. Naoki Kamiyama, chief strategist at Nikko Asset Management, said the bullish tone in the Japan equity market stemmed from the stronger dollar and economic recovery in Japan, the United States and Europe.

  • LONDON, June 19- Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside OPEC grows and threatens to undermine the effectiveness of OPECs output controls. Hedge funds have discounted the fact oil prices are already under than $50 per barrel and reassurances from OPEC ministers that global oil stocks...

  • LONDON, June 19- Zinc prices touched a two-week high on Monday as expectations of stronger demand from steelmakers rose and inventories of the metal on the London Metal Exchange hit nine-year lows. She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years...

  • June 19- The California Public Employees' Retirement System, or CalPERS, plans to scrutinize its private equity investments at next month's board meeting with an eye toward reviewing the governance and transparency of the asset class. Chief Investment Officer Ted Eliopoulos told the investment board on Monday that despite the high returns of its private...

  • LONDON, June 19- Zinc prices touched a two-week high on Monday as expectations of stronger demand from steelmakers rose and inventories of the metal on the London Metal Exchange hit nine-year lows. She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years...

  • NEW YORK, June 19- World stock markets advanced on Monday as technology and retail stocks rebounded from recent declines and U.S. "Some of it is folks taking a second look at names that may have been unduly punished in the rotation out of tech that started about ten days ago," said David Lefkowitz, senior equity strategist at UBS Wealth Management Americas in New York.

  • LONDON, June 19- Zinc prices touched a two-week high on Monday as expectations of higher demand from steelmakers rose and inventories of the metal on the London Metal Exchange hit nine-year lows. She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years due...

  • LONDON, June 19- Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside OPEC grows and threatens to undermine the effectiveness of OPECs output controls. Hedge funds have discounted the fact oil prices are already under than $50 per barrel and reassurances from OPEC ministers that global oil stocks...

  • OSLO, June 19- Sweden's largest national pension fund is looking to get other investors to agree on principles relating to their shareholdings in companies which it says violate the Paris climate agreement. The fund, called AP7, last week sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar Energy, Entergy and Southern Corp in what some environmentalists...

  • She cited China's rising imports of refined zinc and falling zinc output in data. CHINA: In April, China's refined zinc output fell to its lowest in more than two years due to mine closures. HOME PRICES: Home prices leveled off in China's biggest cities in May but continued to climb nationwide, indicating demand remains resilient despite a series of government...

  • HONG KONG/ TOKYO, June 19- Under pressure in Japan from Wall Street rivals and anticipating more deals in the United States or by American companies overseas, Nomura Holdings is boosting its U.S. investment banking business, including some senior hires in the technology and finance sectors. It has hired Jim Voorheis from UBS, where he was head of speciality...

  • MELBOURNE, June 19- London copper climbed on Monday after China's property market remained robust in May, but analysts expected prices to stay trapped in a range over the quiet northern hemisphere summer. *CHINA PROPERTY: Home prices leveled off in China's biggest cities in May but continued to climb nationwide, indicating demand remains resilient despite a...

  • *STORY-On sovereign investors and climate change:. LONDON, June 19- The Asset Owners Disclosure Project is an independent not-for-profit organisation which aims to alert asset owners to the risks posed change. Its AODP Global Climate 500 index, published at the end of April, rates the world's biggest asset owners- pension funds, insurers, sovereign wealth funds,...

  • *China- backed development bank marks 18 months of operation. JEJU, South Korea June 18- Leaders of the China-backed Asian Infrastructure Investment Bank touted its growing membership and commitment to sustainable development at its annual meeting, even as environmental groups were disappointed by its openness to investing in coal projects.

  • NEW YORK, June 16- The overseer of a $4 billion U.S. government fund to compensate victims of Bernard Madoff's Ponzi scheme expects to start distributing money this year, following criticism of the lack of payouts in the nearly four years since the fund's creation. Their claims were deemed valid in early June by the Department of Justice, whose fund is overseen by...

  • *Booz Allen tumbles on DOJ investigation. June 16- Wall St looked set to open flat on Friday as technology shares steadied following a rout that was triggered by concerns of stretched valuations. So I think investors are still willing to come in and buy the dips, "said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago, Illinois.

  • *Despite pledge, OPEC and Russian oil supplies remain high. SINGAPORE, June 16- Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC- led effort to cut production and prop up crude markets. U.S. investment bank Jefferies said the low prices were due to "a relentless build in the U.S. rig count, weekly builds in...

  • OSLO, June 15- Sweden's largest national pension fund, AP7, has sold its investments in six companies that it says violate the Paris climate agreement, a decision environmentalists believe is the first of its kind. AP7, which provides pensions to 3.5 million Swedes, said on Thursday it had sold out of ExxonMobil, Gazprom, TransCanada Corp, Westar, Entergy and...