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  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • MIDEAST STOCKS-Gulf markets surge on stronger oil Thursday, 18 Dec 2014 | 8:25 AM ET

    *Saudi Arabia's finance minister says state to keep spending. *UAE companies buy back cheap shares. DUBAI, Dec 18- Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development.

  • BOSTON, Dec 17- A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud. Gratziani is a member of Herbalife's elite Chairman's Club sales team. The video of that training session was released publicly on...

  • SAO PAULO, Dec 17- Grupo BTG Pactual SA's Chilean unit obtained a permanent banking license to operate in the country on Wednesday, allowing Latin America's largest independent investment bank to start operations in Chile by the end of January. In a statement, BTG Pactual said the unit, known as Banco BTG Pactual Chile, wanted a full banking license in Chile to "grow...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • SYDNEY, Dec 17- Increasingly controversial environmental issues in Australia and a global slump in commodity prices are putting pressure on Australia's A $1.8 trillion pension fund industry to adopt socially responsible investing policies- including a restriction on funding fossil fuels. Ethical funds have grown to more than A $150 billion this year from...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • NEW YORK, Dec 16- Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don't need to pay for a stock picker. Under lead manager James Stetler, the $615 million Vanguard Strategic Small Cap Equity Fund, for example, topped its index by 3.2 percentage points a year over the same period. An investor who put $10,000 into the...

  • NEW YORK, Dec 16- Vanguard Group became the largest U.S. fund manager by assets by persuading investors that they don't need to pay for a stock picker. Under lead manager James Stetler, the $615 million Vanguard Strategic Small Cap Equity Fund, for example, topped its index by 3.2 percentage points a year over the same period. An investor who put $10,000 into the...

  • UPDATE 1-Jefferies in talks to sell futures business Tuesday, 16 Dec 2014 | 9:33 AM ET

    Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly net loss and said it was in talks to sell its futures brokerage. Jefferies bought the business, formerly known as Prudential Bache, from Prudential Financial Inc in 2011 for $430 million to expand into a full-fledged investment bank. Leucadia, which models itself on...

  • *Panic returns; UAE minister tries to reassure investors. *UAE markets hit 1- year lows, Oman at 2-1/ 2- year low. DUBAI, Dec 16- A fresh wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday as the price of Brent crude oil dropped below $60 a barrel for the first time since 2009..

  • DUBAI, Dec 16- The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said on Tuesday, as a plunge in regional stock markets showed some local investors were panicking. If those levels persist next year, the six rich nations of the Gulf Cooperation Council will face the most dramatic...

  • Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly loss and said it was exploring strategic alternatives for its futures-brokerage unit. Net loss attributable to the company was $92.4 million for the fourth quarter ended Nov. 30, compared with a profit of $109.9 million a year earlier, the company said on Tuesday.

  • TORONTO, Dec 15- The parent of Canada's Porter Airlines is nearing the sale of a passenger terminal it operates at Toronto's Billy Bishop Airport, according to three sources familiar with the process. One of the sources familiar with the process said at least two separate bids are expected this week from pension fund manager Alberta Investment Management Corp...

  • Dec 15- The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc. Trustee James Giddens, who has been seeking to recoup money for the brokerage's creditors, said lower court rulings granting margin assets...

  • *Qatar's Barwa Real Estate surges after fresh order. DUBAI, Dec 15- Most Middle East stock markets became more stable on Monday, after plunging in previous days, as the price of oil recovered slightly. Brent crude climbed above $62 per barrel, after hitting 5-1/ 2- year lows of $60.28 earlier, as traders began pricing in expectations of improving global...

  • LONDON, Dec 15- Investors are optimistic about private equity, but reconsidering their allocations to hedge funds, a survey showed on Monday. The Global Private Equity Barometer by Coller Capital showed that almost two-fifths of investors, or Limited Partners as they are known, are planning to increase allocations targets to private equity over the next year.

  • HONG KONG, Dec 15- Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets. The first Chinese purchase of a European investment bank was announced this week, with Haitong Securities agreeing to pay 379 million euros for an investment...

  • SHANGHAI, Dec 13- A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan, the state-owned China Securities Journal reported on Saturday, citing unidentified officials from the banking regulator. The fund, the first of its kind, will mark the capstone of Beijing's long campaign to insure all of China's financial...