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  • NEW YORK, Dec 16- U.S. top-rated municipal bonds were little changed on Wednesday after the Federal Reserve raised interest rates for the first time in nearly a decade and bond investors adjusted to the likelihood of more increases next year. "We are on a new trajectory and potentially a totally new economic environment," said Jim Colby, chief municipal strategist...

  • Double-hit event biggest risk to EU life insurers -ESRB Wednesday, 16 Dec 2015 | 10:21 AM ET

    FRANKFURT, Dec 16- A sudden drop in asset prices amid prolonged low interest rates poses the "most imminent" threat of potential collective failure among European life insurers, Europe's early warning financial risk body said in a report. National insurance guarantee schemes and recovery and resolution plans in Europe are unlikely to be able to handle a...

  • BOSTON, Dec 14- Billionaire hedge fund manager Marc Lasry on Monday backed a junk bond mutual fund hemorrhaging assets at his Avenue Capital Group as jittery investors exit high-yield bonds amid a market rout. Investors have taken note that Lasry's $884 million Avenue Credit Strategies Fund is run by the same portfolio manager who in 2009 helped launch the...

  • Investors have taken note that Lasry's $884 million Avenue Credit Strategies Fund is run by the same portfolio manager who in 2009 helped launch the Third Avenue Focused Credit Fund, which abruptly shut down last week and blocked investor redemptions, fund disclosures show. And Lasry's Avenue Capital, a powerhouse in the distressed investing sector, has...

  • Former UK PM Gordon Brown to join Pimco as adviser Tuesday, 8 Dec 2015 | 12:49 AM ET
    PIMCO headquarters building in Newport Beach, Calif.

    Former UK PM Gordon Brown has become an adviser to Pimco, his first major role in the private sector, the FT reports.

  • METALS-Copper slips on demand, dollar headwinds Wednesday, 2 Dec 2015 | 8:20 PM ET

    MELBOURNE, Dec 3- London copper slipped on Thursday, facing headwinds from ebbing demand growth in top consumer China and a steadily strengthening U.S. dollar. *Fighting stubbornly low inflation, the European Central Bank is expected to ease policy further on Thursday, delivering a cocktail of measures that could include a deposit rate cut and changes to its...

  • What you need to know before you invest in Square Wednesday, 18 Nov 2015 | 9:00 AM ET
    What you need to know before you invest in Square

    Adyen President Kamran Zaki explains how the financial services company faces a crowded market.

  • Rich, Chinese and US-bound? This bank wants you Wednesday, 11 Nov 2015 | 6:57 PM ET

    China's wealthy are moving to the U.S. in rising numbers. This banking start-up hopes to capitalize on the migration.

  • SAO PAULO, Nov 11- Marco Antonio Rossi, the top executive at the insurance arm of Brazil's second largest private lender Banco Bradesco SA, was killed in a plane crash on Tuesday, two people with knowledge of the matter told Reuters. Rossi, 54, was aboard a Cessna Citation VII jet traveling from Brasilia to São Paulo when it crashed in central Brazil, they said, adding...

  • 'Barangaroo coming to reality is very exciting' Thursday, 8 Oct 2015 | 11:23 PM ET
    'Barangaroo coming to reality is very exciting'

    New South Wales Premier Mike Baird, Premier explains why the waterside Barangaroo development will be central to Sydney's economic activity.

  • Pimco fund betters Gross a year after 'bond king' left Wednesday, 23 Sep 2015 | 10:55 PM ET
    Pimco headquarters in Newport Beach, California.

    Investors who stayed put in the Pimco Total Return fund that Gross had managed for decades are up 1.7 per cent, the FT reports.

  • New York- based Jefferies Group, a unit of Leucadia National Corp, posts results a month before most bigger Wall Street firms, and often give a sense of what is in store for its bigger rivals. But analysts said banks like Goldman Sachs Group Inc and Morgan Stanley will not likely suffer trading drops that have nearly as big an impact on the bottom line as those at...

  • Fosun wants to be brave when everyone is panicking Wednesday, 2 Sep 2015 | 9:58 PM ET
    Guo Guangchang, Fosun Group chief executive officer and chairman, is interviewed at Bloomberg L.P. Global Headquarters in New York, U.S., on Thursday, April 23, 2015.

    The Hong Kong-listed Fosun group may now have to switch its focus after a series of large acquisitions, the Financial Times reports.

  • TORONTO, Aug 28- Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada's third-largest bank, were down nearly 1 percent in mid-afternoon trading. "It seems to me that it's going to be a tough year ahead for Bank of Nova...

  • BEIJING, Aug 28- China's local pension funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, senior government officials said on Friday, in a bid to boost the investment returns of such funds. China said last weekend that it would let pension funds under local government units to invest in the stock market for the first time, a...

  • BEIJING, Aug 28- China's local pensions funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, Vice Minister of Human Resources and Social Security You Jun said on Friday. China said last weekend that it would allow pension funds to invest in the stock market for the first time, a move that could potentially channel hundreds of...

  • BlackRock buys ‘robo-adviser’ to woo Millennials Wednesday, 26 Aug 2015 | 9:09 PM ET
    BlackRock signage above building entrance in New York.

    BlackRock has bought a "robo-adviser" that crafts automated portfolios in the hope of winning Millennial clients, the FT reports.

  • A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • Getting cash from the crowd Tuesday, 17 Jun 2014 | 6:10 AM ET
    Charles Adler, Perry Chen and Yancey Strickler (left to right), founders of Kickstarter

    Anyone can invest in disruptive start-ups, thanks to crowdfunding sites like Kickstarter. It has helped fund blockbusters like Oculus Rift

  • Closest thing bitcoin has to a central bank Tuesday, 17 Jun 2014 | 6:09 AM ET
    Fred Ehrsam (left) and Brian Armstrong, founders of Coinbase

    With 1.3 million consumer wallets created and 32,000 merchants on board, Coinbase may be the closest thing bitcoin has to a central bank.