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  • LONDON, April 26- Nearly 240 million tonnes of steel rebar traded on the Shanghai Futures Exchange last Thursday. That was equivalent to around a third of China's steel production last year, not just of construction-destined rebar but of every imaginable type of steel product. And if that sounds like a lot of steel, consider the fact that on March 10 this year...

  • DUBAI, April 26- Saudi Arabia's stock market may extend gains on Tuesday after Deputy Crown Prince Mohammed bin Salman announced an economic overhaul of the oil-dependent kingdom, while investors in the Gulf will take cues from quarterly results. "The vibes that come out of Vision 2030 are that of reform, dynamism, change and optimism and hence the market's...

  • NEW YORK, April 25- Aurora Investment Management LLC, the hedge fund investment firm founded in 1988 and owned by Natixis Global Asset Management, is shutting down, a Natixis spokesman said in a telephone interview with Reuters. The development, first reported by Bloomberg News, comes after a March proposal for Aurora to be bought by Northern Trust Corp's 50 South...

  • *Stock market surges, Saudi bond yields fall. DUBAI, April 25- A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets but fell short of convincing skeptics that the kingdom can prosper in an era of cheap oil. Deputy Crown Prince Mohammed bin Salman promised to invest Saudi petrodollars more aggressively, sell stakes in...

  • LONDON/ BRUSSELS, April 25- The European Union's investment arm is to lend Britain 1 billion pounds to help build more social housing, it said on Monday, its largest ever support for such programmes within Europe. The European Investment Bank denied an accusation by campaigners wanting Britons to vote to leave the EU in the national referendum in June that it was...

  • *UK lenders also face investor concerns over Brexit. LONDON, April 25- Britain's top banks are set for one of their worst first-quarter earnings seasons since the financial crisis, adding to their struggle to win over investors against a backdrop of misconduct charges, a weak economic outlook and uncertainty over Brexit. Despite shoring up their capital bases...

  • MONTREAL/ TORONTO April 22- Canadian pension fund Caisse de depot et placement du Quebec said on Friday that it would invest C $3 billion in a new public transport network in Montreal, the third-largest of its kind in the world. The C $5.5 billion project, a public-private partnership, would require C $2.5 billion from the province of Quebec and Canada.

  • LONDON, April 22- Britain, Europe's biggest financial center, votes on June 23 on whether to leave the European Union. Financial firms like insurers, banks, asset managers, payment services providers who are authorized in Britain have "passport" rights to conduct their business in all EU countries, either remotely from Britain or from a branch in another member...

  • *Some Asia firms based in London eye Frankfurt, Luxembourg. HONG KONG, April 22- The Hong Kong exchange has begun a Brexit impact assessment, and some Asian asset managers are looking to set up new bases in mainland Europe amid growing concerns their operations could be disrupted if Britain votes to leave the European Union in a June referendum.

  • NEW YORK, April 21- Blackstone Group, the world's largest alternative asset manager, on Thursday posted unexpectedly weak earnings growth between January and March, hit by a difficult financial market, but it promised to scour for bargains in a tough environment. New York- based Blackstone said its economic net income slumped 77 percent on a yearly basis to 31...

  • In a letter to the U.S. Securities and Exchange Commission, the Massachusetts Democrat said the regulator's decision to approve the firm, Stamford Harbor Capital L.P., makes "a mockery of the SEC's core mission to' protect investors." "The Commission has permitted a recidivist hedge fund manager, well-known for his former company's willingness to evade and ignore...

  • NEW YORK, April 21- Earnings at Blackstone Group LP, the world's largest alternative asset manager, slowed more than expected in the first quarter as falling oil prices and choppy financial markets hit investments. Blackstone said its economic net income slumped 77 percent on a yearly basis to 31 cents per share between January and March. Analysts had expected...

  • NEW YORK, April 21- Blackstone Group LP, the world's largest alternative asset manager, reported lower-than-expected economic net income of 31 cents per share for the first quarter as choppy financial markets dragged on investment returns. Analysts had expected ENI per share to slump 73 percent to 37 cents in the quarter from $1.37 a year earlier.

  • UK GOV'T SAYS EUROPEAN INVESTMENT BANK HAS STATED IT STANDS READY TO CONSIDER POSSIBLE FINANCING FOR NEW INVESTMENT IN UK STEEL INDUSTRY ON BASIS OF SPECIFIC PROPOSALS.

  • "In the current macroeconomic environment, we remain confident in the strength of our business for the year, despite a challenging first quarter," Chief Executive Kenneth Jacobs said in a statement. The company's adjusted net income fell to $66.8 million, or 50 cents per share, in the quarter ended March 31 from $103 million, or 77 cents per share, a year earlier.

  • *CCBI to set up asset management firm in Singapore this year. HONG KONG, April 20- China Construction Bank International plans to step up its internationalisation by setting up an asset management firm in Singapore this year and will launch more yuan-denominated products abroad to support China's push for wider use of its currency, its chief executive said.

  • NEW YORK, April 19- Electronic bond-trading platform OpenBondX said on Tuesday it would pay rebates to dealers that post prices on its venue that lead to executed trades, bringing a controversial pricing model popular in the U.S. equities market to bond trading. Telephone-based traders at banks still dominate corporate bond trading, but electronic trading...

  • April 19- Wells Fargo& Co hired Kristi Mitchem to run its asset management unit, overseeing a business that oversees $480 billion in client assets. Mitchem, who will start on June 1, joins from State Street Corp. She will replace Mike Niedermayer, who retired in March, and report to David Carroll, head of the Wealth and Investment Management unit, the bank said in a news...

  • *1st- qtr EPS $2.68 vs. est. *Revenue $6.34 bln vs. est. April 19- Goldman Sachs Group Inc's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years as market volatility hit the Wall Street bank's bond trading and investment banking businesses.

  • *Yunhee Yoo to launch Cascade Ridge Capital in early 2017. LONDON, April 19- Former Canyon Capital analyst Yunhee Yoo is starting her own credit hedge fund, Cascade Ridge Capital, three sources familiar with the matter told Reuters, and aims to launch in early 2017 with $150 million in assets. She is joined by Mitchell McCullough, former president at...