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Diversified Financials Capital Markets

  • CHICAGO, March 9- Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer's Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. Peabody spokesman Vic Svec said on Thursday that the company stands by its reorganization plan.

  • CHICAGO, March 9- Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer's Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. Peabody spokesman Vic Svec said on Thursday that the company stands by its reorganization plan.

  • CHICAGO, March 9- Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer's Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. Peabody has denied the allegations in the lawsuit, which was filed with the U.S. Bankruptcy Court...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 9- Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems.

  • SAO PAULO, March 9- Brazilian wealth managers saw assets under administration increase by more than one-fifth last year, when growing confidence in a recovery in Latin America's largest economy drove the strongest interest rate, currency and stock rally in seven years. Even as Brazil's interbank interest rates averaged 14 percent- the highest among the...

  • LAGOS, March 9- The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company, it said. Nigeria's bourse, the second-biggest in sub-Saharan Africa after Johannesburg and one of the main entry points to invest in Africa, is currently owned by stockbrokers and some institutional...

  • *Operating profit up 12 pct to 3 bln stg. *Shares up 5.6 pct, top gainer in the FTSE 100. LONDON, March 9- British insurer Aviva generated forecast-beating annual profit, boosted by growth in general insurance and asset management, and said more of its growing cash pile would be handed back to shareholders in 2017, sending its stock higher.

  • SHANGHAI, March 9- Hong Kong stocks had their worst day in nearly three months on Thursday, with main indexes closing at month lows, bruised by a slump in energy and raw material shares. But some investors remain bullish on Hong Kong equities in the long term, citing China's economic recovery that is being driven by improving fundamentals. Dutch asset manager...

  • How to approach the Chinese markets

    Eric Robertsen of Standard Chartered Bank says the rotation from manufacturing to services is promising but the debt build up is concerning.

  • *U.S. 2- year yield hits highest since August 2009. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • *U.S. to sell $20 billion 10- year notes at 1 p.m.. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • NEW YORK, March 8- Pacific Investment Management Co is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund and changing its name, a spokeswoman for the fund management company said on Wednesday, the latest transformation for what was once the largest actively managed ETF. Managers Scott Mather, Mark Kiesel and Mihir Worah are...

  • BOSTON, March 8- FTSE Russell will consult with big investors on whether to include companies like Snap Inc in its widely followed stock indexes even if their shares lack voting rights, an executive said. The issue will be studied at meetings with asset managers and other clients this month, Joti Rana, Americas head of governance and policy for FTSE Russell, said in...

  • *U.S. to sell $20 billion 10- year notes at 1 p.m.. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • BOSTON, March 8- Billionaire investor David Tepper, whose views on markets and stocks are closely watched by other money managers, said on Wednesday he bought shares of Snap Inc in its initial public offering, sold some, and would buy again if the price dropped. The highly anticipated $3.4 billion offering was the biggest U.S. technology IPO since Alibaba Group...

  • MUMBAI, March 8- Canada's two largest pension funds have bought a stake of about 1.5 percent in India's Kotak Mahindra Bank for about 22.55 billion rupees from its founder and chief executive Uday Kotak, stock exchange data showed on Wednesday. Caisse de depot et placement du Quebec, Canada's second-biggest public pension fund, bought 18.4 million shares in the...

  • HOUSTON, March 7- The Organization of the Petroleum Exporting Countries is moving to bring U.S. shale producers and hedge funds into widening talks about how best to tame a global oil glut. Last November, OPEC took initial steps to widen its market reach as it sought to end a two-year price war, striking a historic agreement with 13 non-member countries, including...

  • TORONTO, March 7- Bankers and stock markets are signaling an upcoming wave of mergers and acquisitions among small and mid-sized miners, but financiers worry that companies have not learned from costly mistakes made in the last commodity boom. "They're not going to sit still," said TD Securities deputy chair of investment banking, Rick McCreary, at a Toronto...

  • March 7- Brookfield Asset Management Inc said on Tuesday it would buy one of the two "yieldcos" of bankrupt U.S. solar company SunEdison Inc and take a 51 percent stake in the other, for a total of about $1.41 billion. TerraForm Global owns or has contracts to acquire 952 megawatts of wind and solar power in Brazil, India, China, South Africa, Thailand, Malaysia and...

  • March 7- Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company's board. Innoviva, formerly Theravance Inc, urged shareholders to vote for its recommended seven nominees at the 2017 annual meeting. Sarissa Capital Management LP, a hedge fund run by billionaire investor Carl...