Diversified Financials Capital Markets

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  • *IMF forecast to add $40 bln yuan to its currency basket. *AXA estimates $600 bln inflow into yuan assets over 5 years. HONG KONG, Nov 12- Foreign asset managers are preparing to increase their exposure to yuan-denominated bonds, as the International Monetary Fund looks likely this month to approve the inclusion of China's "redback" into its currency basket.

  • NEW YORK, Nov 12- Morgan Stanley, better known for underwriting bonds than for retail banking, plans to offer savings accounts and certificates of deposits next year to wring more profit from its wealth management clients, executives told Reuters. The goal is to win more of the assets that customers keep at rivals such as JPMorgan Chase& Co or Bank of America Corp....

  • *Amazon rises, other retailers fall after Macy's cuts forecast. Nov 11- U.S. stocks finished lower on Wednesday after investors sold oil companies and dumped brick-and-mortar retailers after a disappointing forecast from Macy's. Exxon Mobil slipped 0.89 percent and weighed most on the S&P along with Apple, down 0.56 percent.

  • Foreign funds to follow IMF lead with yuan bond holdings Wednesday, 11 Nov 2015 | 4:00 PM ET

    *IMF forecast to add $40 bln yuan to its currency basket. *AXA estimates $600 bln inflow into yuan assets over 5 years. HONG KONG, Nov 12- Foreign asset managers are preparing to increase their exposure to yuan-denominated bonds, as the International Monetary Fund looks likely this month to approve the inclusion of China's "redback" into its currency basket.

  • Valeant, Ackman must face U.S. insider trading lawsuit Wednesday, 11 Nov 2015 | 2:58 PM ET

    Nov 11- A U.S. judge said Valeant Pharmaceuticals International Inc and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox. The lawsuit was filed on behalf of investors who sold Allergan shares in the two months before the defendants...

  • *Amazon rises, other retailers fall after Macy's cuts forecast. Nov 11- U.S. stock indexes were mixed on Wednesday as investors bought Amazon.com and dumped brick-and-mortar retailers after a disappointing full-year forecast from Macy's. General Electric and Amazon gave the biggest boost to the S&P, with GE up 1.77 percent and the online retail heavyweight...

  • Chart: The Shanghai index is on an uptrend to 4,200 Wednesday, 11 Nov 2015 | 12:19 AM ET

    The Shanghai Composite index's breakout move above its long-term resistance level near 3,400 signaled a bullish uptrend.

  • NEW YORK, Nov 10- What do you tell your financial adviser when you are leaving for an algorithm? Joe O'Connor, a 52- year-old Connecticut salesman, had to have this conversation recently. That kind of awkward conversation is taking place more frequently these days, thanks to the rise of robo-advisers, which have about $20.1 billion in worldwide assets under...

  • LONDON, Nov 10- Signs are the next month will bring a third attack on the $1.0450 barrier that halted the dollar's rise against the euro earlier this year and positioning data indicates the bulls will have a stronger hand this time than in March or April. Most players in the interbank foreign exchange market-- except Britain's HSBC-- have been calling for a move...

  • LONDON, Nov 10- U.S. investors who bought the main European stock index a year ago should be looking at a more than 10 percent return, but without protection against a falling euro, all of that profit-- and more-- would have been wiped out. Record Currency Management, the world's biggest independent currency manager and the first to provide an overlay strategy in the...

  • DEUTSCHE BANK COULD NAME INVESTMENT BANKING EXECUTIVE COMMITTEE AS SOON AS THIS WEEK- SOURCES.

  • NEW YORK/ LONDON Nov 10- Deutsche Bank could announce a new executive structure at its investment bank as soon as this week, as part of chief executive John Cryan's shake-up of Germany's largest lender, sources familiar with the matter told Reuters. Deutsche poached Urwin, a Briton, in February from JP Morgan, where he co-headed the global banking unit, having...

  • Top officials: China is totally committed to reform Tuesday, 10 Nov 2015 | 5:22 AM ET
    Zhou Xiaochuan

    Senior Chinese officials have pledged sweeping reforms in the financial sector, as the country seeks to bolster investor confidence in its markets.

  • LONDON/ NEW YORK, Nov 10- Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a...

  • Is volatility making a comeback? Monday, 9 Nov 2015 | 10:43 PM ET
    Is volatility making a comeback?

    Mark Farrington, head of Macro Currency, discusses the possibility of a spike in volatility ahead of the Federal Reserve's December meeting.

  • Feeling sorry for unloved EMs? Don't! Monday, 9 Nov 2015 | 9:17 PM ET
    Feeling sorry for unloved EMs? Don't!

    Many emerging markets are under pressure from problems of their own making, not U.S monetary policy, says Carl Tannenbaum, chief economist at Northern Trust.

  • Nov 10- Australian port and rail firm Asciano Ltd said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings, challenging a rival offer from Canada's Brookfield Asset Management. The cash and scrip offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A...

  • Nov 10- Australian port and rail firm Asciano Ltd said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings, challenging a rival offer from Canada's Brookfield Asset Management. The offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A $9.25 per...

  • TORONTO, Nov 9- Canada's main stock index closed at its weakest level in more than five weeks on Monday, pressured by global growth concerns, sustained pressure on crude prices, and anticipation of a December rate hike from the Federal Reserve. The most influential downward force was Brookfield Asset Management Inc, which declined 5.6 percent to C $43.25 after...

  • *China Oct. trade surplus at record high. Nov 9- The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese trade data. "There are short-term myopic concerns about a Fed rate hike," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa.