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Diversified Financials Capital Markets

  • 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...

  • 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...

  • June 15- Goldman Sachs Group Inc has collected more than $7 billion for a fund which purchases secondhand stakes in private equity funds, far exceeding its initial target, according to two people familiar with the matter. The fund, called Vintage VII, is run out of the bank's asset management division and had initially sought to raise $5 billion in capital.

  • OSLO, June 15- Sweden's largest national pension fund, AP7, has sold its investments in six companies it accuses of breaching the Paris climate agreement, in 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...

  • June 15- Quebec's public pension fund said it secured an investment of C $1.28 billion from Canada's federal government for the construction of the world's third-largest light rail system in Montreal. The construction of Réseau électrique métropolitain project has been finalized at C $6.04 billion, Caisse de dépôt et placement du Québec said on...

  • TORONTO, June 15- Canada's main stock index fell on Thursday, tracking global markets that fell on concerns over the pace of economic growth, as bank stocks led broad declines and energy stocks were squeezed by oil prices that hit six-week lows. Brookfield Asset Management fell 1.2 percent to C $50.05 and was among the most influential decliners.

  • Marcus Schenck and Garth Ritchie, named this year to lead the reorganized corporate and investment bank, outlined in the email how they would split their duties. Germany's largest lender has been trying to regain its footing after a series of scandals, lawsuits and bets that went wrong pushed it to the brink of collapse last year. The new global capital markets...

  • Marcus Schenck and Garth Ritchie, named this year to lead the reorganised corporate and investment bank, outlined in the email how they would split their duties. Germany's largest lender has been trying to regain its footing after a series of scandals, lawsuits and bets that went wrong pushed it to the brink of collapse last year. The new global capital markets...

  • *Britain and Germany still ahead in the field. PARIS, June 15- France's corporate startup scene is gaining traction against the backdrop of booming investments by venture capital funds and high expectations for a business friendly government under new President Emmanuel Macron. This taxpayer financing is 13 percent higher than the previous year and...

  • June 14- A former portfolio manager at Visium Asset Management LP was sentenced to 18 months in prison on Wednesday following his conviction on securities fraud charges stemming from an investigation that led the New York- based hedge fund to close last year. District Judge Jed Rakoff in Manhattan federal court, according to federal prosecutors.

  • June 14- A former portfolio manager at Visium Asset Management LP was sentenced to 18 months in prison on Wednesday following his conviction on securities fraud charges stemming from an investigation that led the New York- based hedge fund to close last year. District Judge Jed Rakoff in Manhattan federal court, according to federal prosecutors.

  • NEW YORK, June 14- In the first auction for old, illiquid Treasury bonds on the startup platform OpenDoor Trading, two investment firms managed to meet right in the middle of prices that buyers were offering and sellers were asking, an unusual occurrence that drew cheers from the executive suite. "The room erupted," OpenDoor Chief Executive Officer Susan Estes said...

  • *Fed raises rates, gives details on balance sheet reduction. June 14- U.S. stocks were little changed on Wednesday after the Federal Reserve made a widely expected move to raise interest rates for the second time in three months. The Fed "met expectations and delivered a dovish hike," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in...

  • LONDON, June 14- Prime Minister Theresa May has appointed Brexit supporter Stephen Barclay as "City minister" to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union. Banks, trading platforms, insurers and asset managers in London are already making plans to open new bases in other parts of the EU, fearing a loss of...