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Diversified Financials Capital Markets

  • LONDON, April 13- Peruvian and Indonesian euro-denominated bonds and Mexican sterling issues are just some of the more esoteric hard-currency issues attracting fund managers with their juicier yields compared with plain-vanilla emerging dollar bonds. Outstanding volumes of euro-denominated emerging market bonds stood at $72 billion last year, up from...

  • LONDON, April 13- Sovereign wealth fund assets all but stalled at $6.59 trillion in the year to March 2017 due to a combination of weak markets, low oil prices and shifts in government policy, a report from research provider Preqin showed. However, hydrocarbon-backed SWFs grew by $60 billion in the 12 months to March 2017, Preqin said, suggesting the worst of the...

  • NEW YORK— Wells Fargo's sales practices scandal isn't going away anytime soon, with first-quarter profit essentially flat as the bank struggled to win customers. Bank employees are "more actively marketing products" to customers again in the branches, said John Shrewsberry, the company's chief financial officer. Regulators had fined San Francisco- based...

  • The bank's net income rose to $6.45 billion in the first quarter ended March 31 from $5.52 billion a year earlier. Earnings per share rose to $1.65, beating the average analyst estimate of $1.52 per share, according to Thomson Reuters I/B/E/S. Net revenue rose 6.24 percent to $25.59 billion, compared with the estimate of $24.88 billion.

  • The bank's net income rose to $6.45 billion in the first quarter ended March 31 from $5.52 billion a year earlier. Earnings per share rose to $1.65, beating the average analyst estimate of $1.52 per share, according to Thomson Reuters I/B/E/S. Net revenue rose 6.24 percent to $25.59 billion, compared with the estimate of $24.88 billion.

  • NEW YORK— JPMorgan Chase reported first-quarter earnings that easily beat analysts' estimates Thursday, helped by a steady climb in interest rates from a year earlier as well as gains in investment banking. As expected, JPMorgan's bottom line benefited directly from the Federal Reserve's push to raise interest rates over the past year. "We are off to a good start...

  • *Wall Street stocks fall, defensive sectors strongest. Trump, in an interview with the Wall Street Journal, also said he would not label China a currency manipulator. Its just that he may not think now is the right time to brand China a currency manipulator, "said Kathy Lien, managing director, at BK Asset Management in New York.

  • DETROIT, April 12,- Hedge fund manager David Einhorn told Reuters that a key issue in his proxy fight with General Motors Co is the automaker's refusal to allow credit rating agencies to formally rate his plan to restructure GM shares. Einhorn said in an interview that GM has refused to allow Greenlight to present to credit rating agencies its proposal to split GM...

  • April 12- A group of Tesla Inc investors have urged the electric car maker to add two new independent directors who do not have any ties with Chief Executive Elon Musk. The investors also urged that all directors be re-elected annually. California State Teachers Retirement System and Hermes Equity Ownership Services are among the five investment groups...

  • Capital market roadblocks in EMs

    Joydeep Sengupta, McKinsey & Company, says up to $800 billion in funding could be freed up in emerging markets from development of capital markets.

  • *Gemsstock had closed in June 2016 after raising $800 mln. LONDON, April 11- London- based Gemsstock is seeking to capitalise on strong demand for hedge funds focused on macroeconomic trends as it aims to raise $400 million in fresh capital, documents seen by Reuters showed. Gemsstock had closed to fresh investment in June 2016 after raising $800 million since...

  • LONDON, April 10- Hedge funds are more bullish about U.S. natural gas prices than at any time for almost three years, according to position records published by regulators and exchanges. Hedge fund long positions outnumbered short positions by a ratio of nearly 3.6: 1 on April 4, up from just 2.2 on Feb. 28, and nearing the recent high of 4.2 on Jan. 17.

  • Ellliott' s BHP demands are a mix of strategies it developed going after U.S. companies, such as Marathon Petroleum Corp, as well as foreign targets, such as South Korea's Samsung Electronics Co Ltd. The question of whether BHP is undervalued applies whether the company is Australian or American, "said Erik Gordon, a professor at the University of Michigan's Ross...

  • *Financials decline ahead of bank earnings later this week. NEW YORK, April 10- U.S. stocks ended a choppy session slightly higher on Monday as gains in energy shares offset losses in financials ahead of quarterly corporate earnings later this week. Secretary of State Rex Tillerson said on Sunday the military strikes against Syria over its alleged use of...

  • *Oil gains on Syria uncertainty, Libya oilfield shutdown. NEW YORK, April 10- Oil futures rose on Monday due to uncertainty on the situation in Syria, one of several risk concerns that helped cap stock gains and send U.S. Jitters about the upcoming French presidential election, North Korea and U.S.- Syria tensions underpinned safe-haven demand for safer U.S....

  • BOSTON, April 10- Hedge fund Jana Partners has lined up a handful of people including former Gap Inc Chief Executive Glenn Murphy to serve as possible directors at organic grocery chain Whole Foods Market, a person familiar with the matter said on Monday. Murphy bought $44 million worth of Whole Foods stock, according to a regulatory filing made by Jana Partners.

  • LONDON, April 10- Hedge funds have turned bullish towards crude oil again as international marker prices have steadied above the psychologically important $50 threshold. Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 54 million barrels in the week to April 4.

  • LONDON/ MADRID April 10- A gap in EU financial rules is allowing member countries to compete to host the trading operations of London- based investment banks after Brexit by offering looser regulatory standards. This is largely because when the ECB became responsible for euro zone supervision in 2014 the bulk of broker-dealers were in London and therefore not...

  • LONDON, April 10- Hedge funds are more bullish about U.S. natural gas prices than at any time for almost three years, according to position records published by regulators and exchanges. Hedge fund long positions outnumbered short positions by a ratio of nearly 3.6: 1 on April 4, up from just 2.2 on Feb. 28, and nearing the recent high of 4.2 on Jan. 17.

  • *Elliott Advisors urges end to dual-corporate structure. SYDNEY, April 10- BHP Billiton came under fresh pressure to restructure on Monday as activist hedge fund Elliott Advisors urged the miner to scrap its dual-corporate system, split off its U.S. oil arm and revise its capital return policy. Elliott said it also held rights with affiliates to buy up to 0.4...