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Diversified Financials Capital Markets

  • LONDON, March 27- Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next. Hedge funds and other money managers now hold a combined net long position in Brent and WTI of 684 million barrels, down from a record 951 million on Feb. 21, though...

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. The acquisition would come at a sensitive time for relations between the United States and Mexico, following a pledge by U.S.

  • NEW YORK, March 27- Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/ 2- year drama over the well-known bond investor's abrupt departure from one of the world's biggest asset managers. Gross, who now works for Denver- based Janus Capital Group Inc, left Pimco following negative...

  • March 27- The owner of Ferrocarril Mexicano, Mexico's largest railroad operator, is nearing a deal to acquire Florida East Coast Railway for more than $2 billion, including debt, people familiar with the matter said on Monday. Grupo Mexico has prevailed in an auction for Florida East Coast Railway and is now negotiating final terms with the U.S. regional...

  • DUBAI, March 27- Dubai- based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely confined itself to traditional equity and fixed income funds...

  • March 27- Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial centre. More details are starting to emerge after Prime Minister Theresa May confirmed Britain would leave the European single market,...

  • March 27- Global banks have warned they could move thousands of jobs out of Britain to prepare for the expected disruption caused by the country's exit from the European Union, endangering London's status as a major financial center. More details are starting to emerge after Prime Minister Theresa May confirmed Britain would leave the European single market,...

  • The Paris Agreement requires consensus for all decisions, meaning the withdrawal of a recalcitrant United States would make it easier for emitters such as China and the European Union to design details of a trillion-dollar shift from fossil fuels. In a step to undo environmental regulations introduced under former President Barack Obama, Trump will sign an...

  • LONDON, March 27- Britain- based banks should take steps to ensure they do not have to curb lending suddenly if the country leaves the European Union in a disorderly way, the Bank of England said on Monday as Prime Minister Theresa May prepares to start Brexit talks. BoE Governor Mark Carney said in January that the Brexit process was a bigger financial stability...

  • LONDON, March 27- Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next. Hedge funds and other money managers now hold a combined net long position in Brent and WTI of 684 million barrels, down from a record 951 million on Feb. 21, though...

  • LONDON, March 27- British banks need to prepare for a wide range of potential outcomes and avoid sudden changes to lending as the country gets ready to leave the European Union, Bank of England policymakers said on Monday. Just two days before Prime Minister Theresa May plans to formally notify the European Union that Britain is ready to start two years of exit...

  • TOKYO, March 27- Japan's Nikkei share average skidded 1.4 percent on Monday, wallowing at a six-week low and deepening last week's 1.3 percent loss, on pressure from a resurgent yen. The Nikkei ended at 18,985.59 points, plumbing to its lowest level since Feb. 9 and losing 0.7 percent for the month so far. Shares in brokerage firms dropped in line with the broader...

  • *Has close to 3 mln consumer banking clients in South Korea. HONG KONG, March 27- Citigroup Inc plans to double its wealth management assets in South Korea to around $6 billion by 2020, setting up new offices and investing in digital technology to attract new customers. U.S.-based Citi, which is marking its 50th anniversary in South Korea, said it plans to grow its...

  • HONG KONG, March 27- Citigroup Inc plans to double its wealth management assets in South Korea, currently at about $3 billion, by 2020, as the U.S. bank invests more in digital technology to expand its customer base in the country.

  • March 26- U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. Trump said he would now turn his attention to getting "big tax cuts" through Congress. Speaking on "Fox News Sunday,"...

  • March 26- U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures were down over 0.6 percent, shortly after electronic trading resumed on Sunday evening.

  • March 26- U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. S&P 500 e-mini futures were down over 0.6 percent, shortly after electronic trading resumed on Sunday evening.

  • Sarah Normand, arguing for the government before the 2nd U.S. Circuit Court of Appeals in Manhattan, said that even if the Federal Bureau of Investigation did make false statements, it had good cause for a warrant against Ganek anyway. FBI agents raided the offices of Ganek's fund, Level Global, in 2010, after one of its analysts, Spyridon Adondakis, told them that he...

  • LONDON, March 24- Brevan Howard Asset Management, a British hedge fund firm, has been granted an injunction to prevent Reuters publishing a story it says is based on confidential information. A High Court judge ruled on Thursday after a private hearing that there were not sufficient grounds of public interest for the story to be published. Reuters news agency is...

  • NEW YORK, March 24- Little-known Thrivent Financial, a Minneapolis- based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry. The firm, which collectively manages $15 billion...