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  • Citigroup faces curbs on hedge fund sales: Report Friday, 22 Aug 2014 | 6:24 AM ET

    Citigroup says it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the SEC, according to the WSJ.

  • RBC reports raises dividend as profit edges higher Friday, 22 Aug 2014 | 6:18 AM ET

    TORONTO, Aug 22- Royal Bank of Canada reported a 4 percent increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions. Canada's largest bank reported net income of C $2.38 billion, or C $1.59 a share, for the third quarter ended July 31, compared with C $2.29 billion, or C $1.51 a share, a year earlier.

  • NEW YORK, Aug 21- Hedge funds negotiating with Puerto Rico's public power authority PREPA over a possible restructuring of more than $8 billion in bonds include two involved in Argentina's protracted bond negotiations, Knighthead Capital Management and Redwood Capital Management, according to the full bondholder agreement published on Thursday.

  • Aug 21- Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the U.S. Securities and Exchange Commission, the Wall Street Journal reported.

  • DUBAI, Aug 21- Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 percent cap on foreign ownership of the market's value. The Saudi Capital Market Authority published the draft rules on its website on Thursday.

  • DUBAI, Aug 21- Saudi Arabia's stock market regulator proposed rules for opening the $580 billion market to direct investment by foreign institutions, including a rule capping foreign ownership at 10 percent of the market's value. The Capital Market Authority is expected to issue a final version of the rules after a three-month consultation period.

  • The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..

  • *Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.

  • NEW YORK, Aug 20- The New York offices of Pimco, the massive asset manager run by Bill Gross, are being fumigated this week because of a bed bug infestation. "Our New York office is addressing an isolated issue with insects, and as a precautionary measure the firm is fumigating certain areas of the office space," a spokesman said on Wednesday.

  • WASHINGTON, Aug 20- The U.S. At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting. "The committee as a whole has started to shift its stance," said Paul Dales, an economist at Capital Economics in London. "

  • TORONTO, Aug 20- Canadian medical marijuana producer Bedrocan Cannabis Corp is set to go public on Monday, offering investors an alternative to Tweed Marijuana Inc in the nascent market, according to two sources familiar with the company's plans.

  • NEW YORK, Aug 20- Pimco's New York office is addressing an "isolated issue with insects" and as a precautionary measure, the company is fumigating certain areas of the office space, a Pimco spokesman said in a statement on Wednesday.

  • JPMorgan, BofA may hike junior banker pay by 20% Wednesday, 20 Aug 2014 | 2:52 PM ET

    JPMorgan Chase & Co and Bank of America are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said.

  • LONDON, Aug 20- Commodity hedge fund Krom River is determined to stay the course in uncertain conditions despite a hefty sectoral slide, hoping for fresh inflows from investors fearing a retreat in equities.

  • Aug 18- Asset manager Eaton Vance Corp's quarterly profit narrowly beat analysts' estimates, as it investment advisory and administrative business fees increased 6 percent. Net income attributable to the company's shareholders rose to $77.9 million, or 63 cents per share, from $23.2 million, or 18 cents per share, a year earlier.

  • Eaton Vance quarterly profit triples on lower costs Wednesday, 20 Aug 2014 | 9:05 AM ET

    Aug 18- Asset manager Eaton Vance Corp's quarterly profit tripled, due to a big drop in the company's non-operating expenses. Net income attributable to the company's shareholders rose to $77.9 million, or 63 cents per share, in the third quarter ended July 31, from $23.2 million, or 18 cents per share, a year earlier.

  • PetSmart to consider selling itself Tuesday, 19 Aug 2014 | 6:39 PM ET

    Bowing to pressure from investors, PetSmart Inc. said Tuesday that it is considering putting itself up for sale. Investment firm Longview Asset Management and hedge fund Jana Partners have both called on PetSmart to sell itself, a move they say would benefit shareholders.

  • Aug 19- Brokerage firm Wedbush Securities rejected Financial Industry Regulatory Authority's charges, saying its risk management controls were consistent with the regulator's guidance.

  • California environmentalist shakes up Florida race Tuesday, 19 Aug 2014 | 2:28 PM ET

    TALLAHASSEE, Fla.— A California billionaire environmentalist is pouring millions of dollars into the Florida governor's race to buy television ads attacking Gov. Former hedge fund manager Tom Steyer has put both Scott and the Florida Republican Party on the defensive, prompting them to hit back with their own ads attacking Steyer as a hypocrite.

  • Dubai creates new fund class to lure asset managers Tuesday, 19 Aug 2014 | 5:52 AM ET

    *Aims to compete with Luxembourg, Dublin and Cayman Islands. DUBAI, Aug 19- Dubai is changing its financial rules in an effort to attract more asset managers- particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds- to base themselves in the emirate.