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Diversified Financials Capital Markets

  • BEIJING, Jan 9- China's Guangxi province's Department of Human Resources and Social Security statement on website:. *A total of 40 billion yuan of Guangxi's local pension funds would be invested in financial markets for the first time, after the government signed a pension investment contract with the National Council for Social Security Funds.

  • ACCRA, Jan 8- Ghana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters on Sunday. Ghana which exports cocoa, gold and oil is halfway through a three-year $918 million aid deal with the International Monetary Fund to restore fiscal balance to an economy dogged by...

  • NEW YORK, Jan 6- Investors pulled $3.2 billion from the Pimco Total Return Fund, once the world's largest bond fund, in December, bringing last year's total cash withdrawals to $16.1 billion, Morningstar data showed on Friday. The Pimco Income Fund, which Pimco Group Chief Investment Officer Dan Ivascyn told Reuters on Friday has increased its exposure to safer...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SHANGHAI, Jan 6- China has opened the way for foreign asset managers to begin launching private investment funds in the country through local subsidiaries, by publishing long-awaited registration rules for such investmments. The step removes a key technical hurdle to foreign entry 1-1/ 2 years after China agreed to deregulate its private fund market as part...

  • *Dubai Islamic Insurance soars amid merger speculation. DUBAI, Jan 5- Egypt's stock market closed the week at a record high on Thursday as foreign funds continued to buy, while Gulf markets inched up on the back of firmer crude oil and global bourses. "Since the float of the currency on Nov. 3 the market has not witnessed a correction and foreign funds have been...

  • NEW YORK, Jan 4- The former chief executive officer of a company linked to troubled hedge fund manager Platinum Partners was convicted of criminal tax fraud on Wednesday, New York's attorney general said in a statement. Gary Mole, who led Glacial Energy Holdings Inc before it went bankrupt in 2014, pleaded guilty to diverting more than $18.5 million in taxable...

  • NEW YORK, Jan 4- A former portfolio manager at New York state's retirement fund pleaded not guilty on Wednesday to charges that he steered $2 billion in trades to two brokerages in exchange for bribes that included vacations, cocaine and prostitutes. The Common Retirement Fund is the investment arm of the New York State and Local Employees' Retirement System and...

  • LONDON, Jan 4- Investment banking fees fell 7 percent worldwide in 2016, dragged down by a 23 percent fall in equity capital market fees, Thomson Reuters data showed on Wednesday, raising the pressure on banking giants fighting to restore profitability. The sharpest falls were in Europe Middle East and Africa where a 20 percent drop in total fees in southern...

  • SHANGHAI/ HONG KONG, Jan 4- Fidelity International has become the first global asset manager allowed to launch investment products in China through a wholly-owned local subsidiary, as Beijing further liberalises its capital markets. Previously, foreign asset managers looking to distribute investment products in China had to operate through...

  • Cavalli, who has worked in Singapore for the past 15 years, will take on his new role in addition to his existing post as the Swiss bank's head of private banking in Southeast Asia. Singapore is an important center for Credit Suisse's private banking business, with the country its second-largest center outside of Switzerland. The bank said it was also making Tan...

  • Jan 3- Jefferies Group LLC has hired four senior Credit Suisse AG loan team members, according to people familiar with the matter, reflecting anticipation for new trading opportunities around leveraged finance. The hires include Credit Suisse veteran Jonathan Moneypenny, who will co-head global leveraged finance capital markets alongside Brian Wolfe.

  • NEW YORK, Jan 3- New York City remained the top choice this year among foreign investors in commercial real estate while Washington fell to No. 15 as a global destination and dropped from the top five U.S. cities for the first time, a survey showed. The best Washington has mustered since 2013 was eighth place, according to AFIRE, whose members are among the largest...

  • *Saudi's Al Tayyar pulls back after surge on Sunday. DUBAI, Jan 2- Gulf stock markets were mixed on Monday as most reopened after the New Year, with Oman falling after the release of an austere state budget for 2017. Egypt edged down although foreign investors remained net buyers of stocks. Dubai's index rose 0.2 percent as much activity focused on speculative...

  • BERLIN, Jan 1- Deutsche Bank Chairman Paul Achleitner has ruled out a European merger or a state bailout after the lender's mortgage settlement with the U.S. Department of Justice, Frankfurter Allgemeine Sonntagszeitung reported. The bank, Germany's biggest, last week announced a $7.2 billion settlement with the U.S. Department of Justice over its sale and...

  • SHANGHAI, Dec 31- The Securities Association of China has told brokerages to strengthen their risk management regimes to include reputation risk, SAC said in a statement on its official website late Friday. The changes come at a sensitive time for the brokerage industry. Sealand Securities Co Ltd has been embroiled in a $2.4 billion bond scandal that raised...

  • TOKYO, Dec 29- Nomura Holdings Inc sees opportunities in the pro-business stance of U.S. president-elect Donald Trump, though his protectionist tilt brings uncertainty to the global economy, said the chief of Japan's biggest brokerage and investment bank. Japanese shares have gained since the New York billionaire's Nov. 8 election, spurred by Wall Street...

  • TORONTO, Dec 28- Canada's main stock index ended slightly higher on Wednesday as gold mining stocks lead gains in quiet trading. Canada volumes are off about 40 percent from where they generally are, "said Ian Scott, equity analyst at Manulife Asset Management. Barrick Gold rose 5.2 percent to C $20.71, and Goldcorp Inc climbed 4.8 percent to C $17.85.

  • BEIJING, Dec 28- China has suspended registration of private equity asset management plans for securities and futures brokerages for cases where money is lent to property developers or to illegally fund downpayments to buy property, three sources said on Wednesday. The new regulation applies to indirect and direct investment in residential projects in 16...