LONDON/ PARIS, Dec 12- European equity investors, flush from 30 percent gains after a two-year rally, are turning twitchy. Combined with a trickle of profit warnings in Europe and a still shaky economic recovery, that is taking the shine off stocks which are no longer cheap on all measures.» Read More
After last Friday's weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program.
FRANKFURT, Sept 13- Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday.
NEW YORK, Sept 13- The dollar fell on Friday against the euro and yen, reversing earlier gains, after U.S. retail sales rose less than expected in August in the latest sign that economic growth slowed in the third quarter. The White House said U.S.
MUMBAI/ HONG KONG, Sept 13- For years, Aberdeen Asset Management laboured in India in the shadow of HSBC's star stock-picker Sanjiv Duggal. The Aberdeen Global-Indian Equity Fund overtook the HSBC's GIF Indian Equity fund last year in the league of assets under management and the gap between the two has been widening.
SINGAPORE, Sept 13- Fear in Asian financial markets of what the Fed might do may have been greatly exaggerated, judging by how little foreign investment that entered Asia during the past four years has left so far in anticipation of tighter U.S. monetary policy.
NEW YORK, Sept 12- Fixed income trading platform Tradeweb Markets has signed an agreement to acquire BondDesk Group LLC, a provider of retail fixed income wealth management and trading technology.
SINGAPORE/ HONG KONG, Sept 12- Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.
ZURICH, Sept 11- Private bank Rahn& Bodmer is under investigation by U.S. authorities, it said on Wednesday, following a recent deal to allow some Swiss banks to pay fines instead of facing prosecution for tax evasion by their U.S. customers.
U.S. stocks dipped on Wednesday, as a drop in shares of Apple Inc. threatened to put an end to a six-day run of gains for the S&P 500 and weighed heavily on the Nasdaq. **APPLE INC, $467.00, down 5.5 pct.
TORONTO, Sept 10- Richardson GMP aims to increase its assets under management to over C $30 billion after the acquisition of Macquarie Group's Canadian retail business, the wealth management firm's head Andrew Marsh said on Tuesday.
DUBAI/ KUALA LUMPUR, Sept 10- With its plan to issue up to 1 billion Malaysian ringgit of Islamic bonds, Societe Generale appears to be avoiding missteps made by Goldman Sachs in an ill-fated attempt to sell sukuk two years ago- a positive sign for Western banks' efforts to move into Islamic finance.
*China exports ease worries about sharp slowdown. NEW YORK, Sept 9- U.S. stocks rallied on Monday as upbeat economic data from China spurred the S&P 500 higher for a fifth straight day, while bonds rallied and oil prices fell on diverging outlooks on the possibility of a Western strike against Syria.
*Treasury to sell $65 billion of three-, 10-, 30- year bonds. NEW YORK, Sept 9- U.S. After the disappointing employment report on Friday the market is now expecting a very small amount of tapering, if tapering begins at all, "said Gary Pollack, head of fixed income trading at Deutsche Bank Private Wealth Management in New York."
In papers filed on Friday in U.S. Bankruptcy Court in Manhattan, the employees said they would appeal Judge Martin Glenn's Aug. 23 decision. More than 1,000 workers were axed when the commodities broker, run by former New Jersey Governor Jon Corzine, filed a $40 billion bankruptcy on Oct. 31, 2011.
WASHINGTON, Sept 5- Progressive groups opposing Lawrence Summers as the next Federal Reserve chairman are stepping up pressure on President Barack Obama to make a different choice, emphasizing the price his Democratic Party would pay for nominating the former U.S. Treasury Secretary and White House aide.
The asset management arm at Boston- based State Street Corp experienced the heaviest redemptions among ETF sponsors with $19.5 billion in outflows during August, IndexUniverse said. BlackRock Inc., the No. 1 U.S. BlackRock oversees about $588 billion in ETF assets.
BOSTON, Sept 4- William Ackman's Pershing Square Capital Management is largely flat for the year after a bruising August in which the hedge fund lost 3.6 percent, said two investor sources who are not permitted to discuss the private fund's numbers publicly.
TORONTO, Sept 4- Canadian Imperial Bank of Commerce said it was seeking acquisitions valued at more than C $1 billion as it tries to boost the amount of profit it generates from wealth management. CIBC, Canada's fifth-largest lender, is the least internationally focused of Canada's big five banks.
LONDON, Sept 4- Commodities outperformed equities, bonds and the dollar in August with a surge in metals and oil prices, following lacklustre performance against other asset classes over the past two years.
BOSTON, Sept 4- Hedge fund manager William Ackman told investors on Wednesday that his Pershing Square Capital Management lost 3.6 percent last month, according to a portfolio update sent to investors.