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Diversified Financials Capital Markets

  • LONDON, March 10- The likelihood of a more aggressive U.S. Bank of America Merrill Lynch said that in the week to Wednesday, bond funds had taken in $4.6 billion in new money, with the inflow concentrated in high-grade debt. U.S. stocks received a $7.2 billion inflow while European equities took in $1 billion, the latter seeing inflows for six out of the past seven...

  • *Dublin competing with Luxembourg for business. LONDON, March 10- Asset manager Legg Mason is setting up a management company in Ireland to ensure it can still sell its funds to European Union clients after Britain leaves the bloc. Legg Mason's decision to bulk up its Dublin operation, which was first reported by The Irish Times on Friday, comes as financial...

  • A man checks his phone at the entrance of the Singapore Exchange (SGX) headquarters in Singapore, on Thursday, Jan. 19, 2017.

    One of Singapore's most prominent shareholder advocates has renewed his call for the introduction of a dual-class share structure.

  • BEIJING/ HONG KONG, March 10- After a spending spree stretching from hotels to electronics distribution in 2016, Chinese conglomerate HNA Group says it is now investing in financial services, betting on asset managers and consumer finance for growth at home and overseas. The moves reflect a broader push by China into financial services globally as Beijing...

  • BEIJING, March 10- China will strengthen control of risks linked to asset management, its central bank chief said Friday. Zhou made the comments at a news conference on the sidelines of China's annual parliament session in Beijing. China's central bank and other financial regulatory bodies are creating a universal framework for the oversight of the asset...

  • Retail investors aren't idiots: SIAS CEO

    David Gerald of the Securities Investors Association (Singapore) says the organization welcomes the SGX's regulations to improve retail market participation.

  • 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.