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  • July 23- The U.S. Securities and Exchange Commission has approved a new brokerage industry rule to ban dispute settlements between securities firms and investors that require investors to agree to erase complaints from brokers' public records.

  • July 23- The U.S. Securities and Exchange Commission has approved a new brokerage industry rule to ban dispute settlements between securities firms and investors that require investors to agree to erase complaints from brokers' public records.

  • FRANKFURT, July 23- When Bill Gross eventually retires as chief investment officer of California- based asset manager Pimco, his "Bond King" crown will go with him. Allianz, the German insurer which owns Pimco, wants to ensure that in a post-Gross era the asset manager he co-founded will not be so reliant on the investment decisions of one person.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • Saudi bourse opening may double fund flows to Gulf Wednesday, 23 Jul 2014 | 11:42 AM ET

    *Saudi Arabia as big as other Gulf markets combined. DUBAI, July 23- The opening of Saudi Arabia's bourse to international investors may double the amount of foreign money flowing into the Gulf's securities markets, making it more attractive to invest in the region but also bringing new risks.

  • MUMBAI, July 23- India on Wednesday allowed foreign fund managers to hold more government bonds, but also stipulated that in future they will not be able to hold debt of less than three years.

  • US hedge fund files suit against Puerto Rico gov Wednesday, 23 Jul 2014 | 9:34 AM ET

    SAN JUAN, Puerto Rico— The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. The Electric Power Authority holds some $9 billion in debt.

  • LONDON/ SYDNEY, July 23- Zinc held near a three-year peak on Wednesday with supply set to tighten while aluminum dipped from multi-month highs but could turn higher again as inventories fall and demand rises. But fundamentally there are questions, "said analyst Dominic Schnider of UBS Wealth Management in Singapore.

  • U.S. SEC poised to adopt reforms for money market funds Wednesday, 23 Jul 2014 | 12:01 AM ET

    The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.

  • The new additions, who joined Deutsche Asset& Wealth Management from BlackRock Inc and TS Capital LLC, are part of a broader expansion effort as Deutsche looks to build out its ETP footprint in the United States. He was formerly a director for BlackRock's iShares sales and distribution strategy team and has spent nearly 15 years covering exchange-traded funds.

  • *Saudis expected to follow quota model similar to China. RIYADH/ DUBAI, July 22- Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.

  • ZURICH, July 22- Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business.

  • RIYADH, July 22- Saudi Arabia's cabinet gave permission to the financial regulator to open the Arab World's biggest stock market to direct investment by foreign financial institutions. The opening of the Saudi market, capitalised at about $530 billion, is one of the most keenly awaited economic reforms in the world's biggest oil exporter.

  • RIYADH, July 22- Saudi Arabia's cabinet has given permission to the country's financial regulator to open the stock market to direct investment by foreign financial institutions, the government said.

  • The top market risk this summer is... Monday, 21 Jul 2014 | 7:08 PM ET

    Volatility measures suggest investors feel complacent, but a wedge of looming swans may disrupt the calm this summer, Societe Generale said.

  • Ackman says he can prove Herbalife is a 'fraud' Monday, 21 Jul 2014 | 3:57 PM ET

    NEW YORK— Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud." The announcement sent shares of Herbalife down more than 11 percent in trading Monday.

  • July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.

  • Law requires investment training for pension board Friday, 18 Jul 2014 | 6:19 PM ET

    Jerry Brown announced Friday that he has signed a bill requiring board members of California's public pension fund to receive investment-related training every two years, even though the fund already requires such education.

  • Forbes sells majority stake to group of investors Friday, 18 Jul 2014 | 3:25 PM ET

    NEW YORK— Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong- based investor group. The buyers are led by Integrated Asset Management Ltd., a Hong Kong investment firm that invests in telecommunications, finance and technology companies.

  • NEW YORK, July 18- Investors worldwide poured $6.2 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from a Bank of America Merrill Lynch Global Research report showed on Friday.