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Diversified Financials Capital Markets

  • *Shares down 3 pct at 13.24 euros at 1320 GMT. FRANKFURT, Sept 12- Deutsche Bank has no plans to sell its asset management business, its chief executive said in a letter to employees in which he called for them to focus on solving the German lender's problems. Deutsche's shares were down 3.0 percent at 13.24 euros at 1320 GMT, underperforming in a weaker market.

  • LONDON, Sept 12- Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of September, according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position in the three major Brent and WTI futures and options contracts by 80 million barrels in the week...

  • Sept 12- Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc for $2.6 billion, said on Monday it had raised $305 million to fund its projects. A private investment fund affiliated with Quantum Strategic Partners Ltd provided the equity investment, the company said. The fund was advised by Soros Fund Management LLC.

  • TOKYO/ HONG KONG, Sept 12- As bond yields across markets hit multi-month highs for a second session on Monday, global investors were harshly reminded that central banks may be out of both ammunition and ideas to stimulate economies- eight years after the global financial crisis provoked an unprecedented flood of central bank liquidity to keep markets afloat.

  • MEDIA-HEDGE FUND BRIDGEWATER DRAWS $22.5 BLN AS OPENS TO NEW.

  • BRATISLAVA, Sept 10- Britain's exit from the European Union will create difficulties for the European Investment Bank, a lender owned by EU governments, the bank's president Werner Hoyer said on Saturday. "The United Kingdom is a big and important shareholder of the European Investment Bank and an important member state of the European Union.

  • Sept 9- Bond fund manager Bill Gross on Friday said Pacific Investment Management Co and its lawyers should be punished for unfairly impeding him from pursuing his $200 million lawsuit against the asset management firm, which he co-founded. In a court filing, Gross accused Pimco of "willful and bad-faith obstruction" of his efforts to gather evidence to which he...

  • Stifel, the SEC and Noack's lawyer did not immediately respond to requests for comment. The SEC sued Stifel and Noack in 2011, saying they misled five Wisconsin school districts about the risks of investing in synthetic collateralized debt obligations, which are tied to mortgage-backed securities or credit default swaps and were at the heart of the...

  • NEW YORK, Sept 7- The man who since 2008 has run BlackRock Inc's quasi-consulting arm for governments, regulators and massive financial firms plans to leave the company next year, according to an internal memo. "FMA has not only become a thriving business, it has contributed to BlackRock's reputation in a way that truly sets us apart from other asset managers," said...

  • *Bank reviewing asset sales to boost capital. MILAN, Sept 7- Italy's largest bank UniCredit is seeking a strategic partner for its asset management business Pioneer, as part of a plan to bolster its capital base, several sources close to the matter said on Wednesday. UniCredit in July ended long-running negotiations to merge Pioneer with Santander's asset...

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...

  • LONDON, Sept 7- The backgrounds of the leaders of the world's top mining companies illustrate the choice facing investors, with BHP Billiton's chief executive having worked in the oil industry and Rio Tinto's new boss more focused on copper. French-born Jean-Sebastien Jacques has led Rio only since July, while his counterpart at BHP, Scotsman Andrew Mackenzie,...

  • NEW YORK, Sept 6- BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, U.S. Securities and Exchange Commission officials said on Tuesday. The SEC last year proposed a requirement that all U.S. mutual funds and exchange-traded funds step up planning to ensure liquidity, though the rules have...

  • NEW YORK, Sept 6- BlackRock Inc portfolio managers will be allowed to borrow from their peers if they are pressed for money to cash out clients, the U.S. Securities and Exchange Commission said on Tuesday. Mutual funds and money market funds offered by the world's largest asset manager will be able to borrow up to 10 percent of the value of their assets on an "...

  • Sept 6- U.S. stocks edged higher on Tuesday as economic data bolstered views the Federal Reserve may decide against raising interest rates in the near term. The Fed is "not getting support from data for a rate increase, and so we're seeing the market creep a little higher today," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham,...

  • SAO PAULO, Sept 6- Brazil's state-run oil company Petroleo Brasileiro SA agreed to sell 90 percent of its natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc for $5.2 billion, a source with direct knowledge of the deal said on Tuesday. Brazil's state oil company, known as Petrobras, declined to comment on the matter, and...

  • SAO PAULO, Sept 6- Brazil's Petroleo Brasileiro SA agreed to sell 90 percent of its natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc for $5.2 billion, a source with direct knowledge of the deal said on Tuesday. The investor group includes British Columbia's pension fund and Chinese and Singaporean sovereign...

  • China's northeastern region of Liaoning has implemented a 6.75 percent rise in pension payments, which is estimated to cost the fund around 11 billion yuan. Liaoning's pension fund deficit was 10.5 billion yuan in 2015, Xinhua said, citing an annual report published by China's Ministry of Human Resources and Social Security. Xinhua said the coastal province...

  • NEW YORK/ LONDON, Sept 6- BlackRock Inc, the world's largest asset manager, said all investors should factor climate change into their decision-making and doing so would not mean having to accept lower returns. Global moves to coordinate a response to climate change took a big step forward on Saturday when both China and the United States ratified a 2015 plan to...

  • LONDON, Sept 5- Britain's Barclays has hired JPMorgan banker Tim Throsby to head its Corporate and International division, ending a six-month search for the number two job under Chief Executive Jes Staley. Throsby, 50, will also run Barclays' investment banking business within that division, filling the gap left by the departure of Tom King who retired from the...