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Diversified Financials Capital Markets

  • *Effort to mobilise Japan's $16 trln personal financial assets. TOKYO, July 12- Japan's financial regulator is trying a new tack in its fight with asset managers by bringing in bloggers to shame an industry it says provides retail investors with poor service. Persuading Japanese to move their savings out of bank accounts and government bonds and into riskier...

  • SAO PAULO, July 11- Bank of America Merrill Lynch has hired Diogo Aragão as its Brazil head of mergers and acquisitions.

  • NEW YORK, July 11- U.S.-based stock investors may have pumped fresh funds into emerging markets after their recent outperformance, but they remain under-allocated by a key measure, as a combination of "home bias" and lingering concern about volatility have restrained client interest. While they increased allocation to emerging markets by nearly $52 billion...

  • July 11- Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union. Financial services firms need a regulated subsidiary in an EU country to offer products across the bloc which could prompt some to move jobs out of Britain if it loses access to the European single market.

  • NEW YORK, July 10- Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age. The biggest acquisition, Apollo Global Management's roughly $3.1 billion leveraged buyout of Claire's Stores Inc, restructured in 2016.. The second-largest acquisition, J. Crew Group Inc, which TPG...

  • NEW YORK, July 10- Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age. The biggest acquisition, Apollo Global Management's roughly $3.1 billion leveraged buyout of Claire's Stores Inc, restructured in 2016.. The second-largest acquisition, J. Crew Group Inc, which TPG...

  • NEW YORK, July 10- Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age. The biggest acquisition, Apollo Global Management's roughly $3.1 billion leveraged buyout of Claire's Stores Inc, restructured in 2016.. The second-largest acquisition, J. Crew Group Inc, which TPG...

  • WASHINGTON, July 10- A coalition that includes some of the largest U.S. pension funds want federal regulators to force big banks and other public companies to disclose details on how they manage, compensate and incentivize their employees. "The way you structure and pay a sales force... can definitely affect the business performance," said Meredith Miller, the chief...

  • *Third Point continuing dialogue with Nestle- source. The move came just two days after the billionaire hedge fund manager urged Nestle to more aggressively improve returns as his Third Point fund revealed a $3.5 billion stake that made it Nestle's eighth-largest shareholder. "Third Point's stake may add urgency to margin delivery and sharpens focus on the...

  • NEW YORK, July 10- German exchange operator Deutsche Boerse Group has made a $10 million investment in Trumid, a New York- based financial technology startup that runs an electronic corporate bond trading platform, people familiar with the deal said. Trumid, which is backed by venture capitalist Peter Thiel and investor George Soros, will also announce that it...

  • AIX-EN-PROVENCE, France, July 8- Italian banks, long plagued by bad loans burdening their balance sheets are regaining health after authorities tackled several troubled lenders recently, the head of asset manager Amundi said on Saturday. Amundi gained a major presence in Italy this year following its acquisition of rival Pioneer Investments from UniCredit,...

  • The state budget is not enough to fund President Joko Widodo's ambitious plan to expand infrastructure in Southeast Asia's biggest economy, a sprawling archipelago where the costs of moving goods around are among Asia's highest. Indonesia is hoping to attract the likes of Canada Pension Plan, Japan's Government Pension Investment Fund and other...

  • NEW YORK, July 7- Solid payroll figures in June should keep the U.S. Federal Reserve in a "hike-once-a-quarter mindset," said influential bond manager Jeffrey Gundlach, chief executive of DoubleLine Capital, on Friday. Nonfarm payrolls jumped by 222,000 jobs last month, driven by hefty gains in healthcare, government, restaurants and the professional and...

  • Three Court of Appeal judges said that a lower court was correct to rule in March that the story would breach Brevan Howard's right to confidentiality and was not of sufficient public interest to justify its publication. "Despite that raft of criticisms of the Judge's judgment, we are clear that the appeal should be dismissed," Court of Appeal judge Terence...

  • *GPIF posts $69.5 bln investment gain for year. TOKYO, July 7- Japan's Government Pension Investment Fund, the world's largest pension fund, saw its shift into riskier assets pay off as it posted a gain of 7.9 trillion yen in the fiscal year ended on March 31 as global stock markets rallied. Japan's benchmark Nikkei 225 gained 12.8 percent last fiscal year, helped by...

  • TOKYO, July 7- Japan's Government Pension Investment Fund, the world's largest pension fund, posted a gain of 7.9 trillion yen in the fiscal year ended on March 31 as global stock markets rallied. GPIF on Friday reported a return of 5.86 percent in the year, on assets worth 144.9 trillion yen. Japan's benchmark Nikkei 225 gained 12.8 percent last fiscal year, helped...

  • July 6- American International Group Inc's new global chief operating officer will receive an annual base salary of $1.25 million and a $15 million sign-on bonus, the largest U.S. commercial property and casualty insurer said in a filing on Thursday. On Wednesday, AIG named Peter Zaffino, who until then headed Marsh& McLennan Cos Inc's brokerage business, to work...

  • LONDON, July 6- Russian acquisitions by overseas buyers have hit their highest level since before sanctions were imposed in 2014, Thomson Reuters data shows, with a renewed willingness to do business with Moscow. Bankers say the increase is an indication that Western banks and companies are more willing to deal with Moscow, despite the sanctions imposed by the...

  • July 6- Private equity firm Centerbridge Partners L.P. said on Thursday it would buy enterprise software companies Syncsort Inc and Vision Solutions Inc from Clearlake Capital Group L.P. for $1.26 billion. Evercore ISI and Jefferies Group were financial advisers to Syncsort and Vision Solutions, while Bank of America Merrill Lynch and Credit Suisse were...

  • LONDON, July 6- Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK's Financial Conduct Authority told a Reuters Newsmaker event on Thursday. Banks, insurers and asset managers based in Britain are already making contingency plans to shift some...