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Diversified Financials Capital Markets

  • NEW YORK, Jan 31- BlackRock Inc's exchange-traded fund unit, iShares, topped $1 trillion in assets in the United States for the first time, a spokeswoman said on Tuesday. BlackRock pulled in $140 billion of that, including $105 billion in the United States, according to BlackRock and FactSet Research Systems Inc.. "We're seeing our clients expand the use of iShares...

  • BOSTON, Jan 31- A dizzying stream of market-moving tweets and policy talk by President Donald Trump is finding a hopeful but anxious audience among professional investors looking to make stockpicking great again. "If he's going to create volatility, we're going to take advantage of it," said Ross Gerber, president of California wealth management firm Gerber...

  • BOSTON, Jan 31- A dizzying stream of market-moving tweets and policy talk by President Donald Trump is finding a hopeful but anxious audience among professional investors looking to make stockpicking great again. "If hes going to create volatility, we're going to take advantage of it," said Ross Gerber, president of California wealth management firm Gerber...

  • BRUSSELS, Jan 31- Germany sees no benefit in setting up a European' bad bank' to help ailing lenders in some EU countries to offload their soured loans, a German government official said on Tuesday, pouring cold water on a plan prepared by the EU banking agency. But Germany, the bloc's largest economy, did not share that view. But in Germany, only 2.6 percent of loans are...

  • NEW YORK, Jan 31- Betterment, one the earliest and largest online wealth managers known as robo-advisers, is launching new services that will allow clients to receive financial advice from human advisers, as digital and traditional investment management models converge. The New York- based firm said on Tuesday that it would launch two new plans called...

  • *Most positive towards fixed income in survey's history. DUBAI, Jan 31- Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. That is the most positive balance towards fixed income since the poll was...

  • *Oct-Dec net profit up 8.3 percent y/y to 146.5 billion yen. TOKYO, Jan 31- Mizuho Financial Group on Tuesday reported an 8.3 percent rise in its quarterly net profit as it booked a one-time gain from the reorganization of its asset management business, although lower lending income continued to drag on its results. Mizuho, Japan's No.2 lender by assets, said its net...

  • *Oct-Dec net profit up 8.3 percent y/y to 146.5 billion yen. TOKYO, Jan 31- Mizuho Financial Group on Tuesday reported an 8.3 percent rise in its quarterly net profit as it booked a one-time gain from the reorganization of its asset management business, although lower lending income continued to drag on its results. Mizuho, Japan's No.2 lender by assets, said its net...

  • TORONTO, Jan 31- Wealthsimple, a Canadian-based robo-adviser startup, announced a C $20 million investment from Power Financial Corp, and formally launched in the United States on Tuesday, as it looks to compete in a crowded American market dominated by big investment firms. Wealthsimple's national roll-out will make the Toronto- based firm the first foreign...

  • NEW YORK, Jan 30- Commodities brokerage OTC Global Holdings said on Monday it had opened a new office in Singapore as it seeks to expand its market share in the Asian market, a growing part of the global commodity trade. OTCGH, the world's largest independent institutional broker of commodities, covers financial and physical instruments from its offices in...

  • *Fear gauge VIX registers largest point gain since early Nov. NEW YORK, Jan 30- Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president's policies are not market-friendly. "Investors focused on the pro-growth of proposals and not...

  • Jan 30- Activist hedge fund Land and Buildings Investment Management LLC has urged real estate company Forest City Realty Trust Inc to explore "strategic options." Land and Buildings said it believed Forest City had at least 40 percent upside to its net asset value, given its "enviable" collection of high quality real estate, which includes malls, retail centers...

  • By Francesco Guarascio and Huw Jones. LUXEMBOURG/ LONDON, Jan 30- The European Union should create a publicly-funded asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. In a speech in Luxembourg on Monday, EBA Chairman Andrea Enria sketched out how...

  • LONDON, Jan 30- Hedge funds seem to be quietly positioning for the possible imposition of a border tax adjustment on imports of crude oil into the United States. In the two weeks between Jan. 10 and Jan. 24, hedge funds added 62 million barrels of extra long positions in WTI while cutting long positions in Brent by 6 million barrels. The increased exposure to WTI...

  • *Egypt pulls back as global emerging markets hit by Trump. DUBAI, Jan 30- Middle Eastern equity markets diverged on Monday, with last week's top gainers pulling back on profit taking while strong quarterly earnings from courier firm Aramex bolstered Dubai. Saudi Basic Industries closed 0.8 percent lower.

  • LUXEMBOURG/ LONDON, Jan 30- The European Union should create an asset management company to scoop up some of a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an...

  • LONDON, Jan 30- The European Union should create an asset management company to scoop up a trillion euro mountain of bad loans that has become a brake on economic growth, the bloc's banking watchdog said on Monday. Italian banks account for 276 billion euros of the bloc's bad loans, by far the largest of any EU banking sector, but 10 EU states have an average bad loan...

  • MILAN, Jan 30- An expected bid by Intesa Sanpaolo, Italy's biggest retail bank, for the country's largest insurance company is a bold gamble that has stunned the cozy world of Italian finance and carries risks for both predator and prey. The extent of what Intesa CEO Carlo Messina was planning dawned on Philippe Donnet, the French head of Generali, when he tried to...

  • MILAN, Jan 30- An expected bid by Intesa Sanpaolo, Italy's biggest retail bank, for the country's largest insurance company is a bold gamble that has stunned the cosy world of Italian finance and carries risks for both predator and prey. The extent of what Intesa CEO Carlo Messina was planning dawned on Philippe Donnet, the French head of Generali, when he tried to...

  • LONDON, Jan 27- Hedge funds are betting heavily that crude oil markets will move into a supply deficit and start to draw down excess stockpiles in 2017.. Hedge funds and other money managers have amassed net long positions equivalent to 160 million barrels in calendar spread options on the New York Mercantile Exchange. Economist Holbrook Working explained the...