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  • May 21- Asset manager Eaton Vance Corp's quarterly profit rose nearly 18 percent as it earned higher fees from its investment advisory and administrative services, sending its shares up more than 4 percent in early trading. Excluding items, Boston- based Eaton Vance earned 59 cents per share.

  • *Atlas Mara to raise $400 mln to pursue acquisitions. *Barclays targets Africa potential as it scales back investment bank. This was just five days after Barclays, the British bank where Diamond was chief executive before he was ousted in 2012, announced the dismantling of the investment bank he built up and pinpointed Africa as one of its two main growth engines.

  • Eaton Vance profit rises 18 pct on higher advisory fees Wednesday, 21 May 2014 | 9:05 AM ET

    May 21- Asset manager Eaton Vance Corp's quarterly profit rose nearly 18 percent, as it earned higher fees from its investment advisory and administrative services. Net income attributable to the company's shareholders rose to $74.9 million, or 59 cents per share, in the second quarter ended April 30, from $63.7 million, or 50 cents per share, a year earlier.

  • HONG KONG, May 20- Demand to pull out money from hedge funds rose to five month high in May as investors looked to adjust their portfolios ahead of the mid-year point. The bulk of the activity in May represented typical semi-annual requests, Bill Stone, chairman and chief executive of SS&C Technologies, said in a statement.

  • *China steps up help for export industry. SYDNEY, May 20- Copper clung near two-month peaks on Tuesday on hopes a new raft of financial reforms would shore up China's slowing economy, while nickel prices sank in volatile trade despite supply concerns.

  • METALS-Nickel climbs again, copper near 2-mth peak Monday, 19 May 2014 | 9:31 PM ET

    SYDNEY, May 20- Nickel on Tuesday extended gains from the day before on supply concerns as Chinese consumers run down stocks given a ban on Indonesian ore exports, while copper clung close to two-month peaks on hopes China's financial reforms would shore up its slowing economy.

  • May 20- The London Stock Exchange Group Plc has emerged as the preferred bidder for asset management group Russell Investments, the Financial Times reported, citing people familiar with the discussions.

  • The Financial Industry Regulatory Authority is looking at instances in which brokerage firms may have used algorithms to engage in abusive trades, or failed to supervise the use of algorithms by their advisers, Rick Ketchum, FINRA chairman and chief executive, told reporters at the regulator's annual conference in Washington.

  • The Financial Industry Regulatory Authority is looking at instances in which brokerage firms may have used algorithms to engage in abusive trades, or failed to supervise the use of algorithms by their advisers, Rick Ketchum, FINRA chairman and chief executive, told reporters at the regulator's annual conference in Washington.

  • COLUMN-For investors, coal brings lumps Monday, 19 May 2014 | 12:40 PM ET

    CHICAGO, May 19- If you care about the environment, you can emulate Stanford University's move to remove coal-producing companies from its endowment portfolio by purging fossil fuel companies from your own investments, although it will take a customized strategy.

  • SAO PAULO, May 19- Greenhill& Co Inc and other global boutique investment firms are moving into Brazil, aiming to take advantage of strong mergers and acquisitions activity by poaching clients and deals from big-name banks.

  • *Q1 commodity assets under management up 10 pct- Citi. Revenue from commodities for the leading banks in the first quarter rose to $1.8 billion from $1.4 billion in the same period last year, London- based financial industry analytics firm Coalition said in a report on Monday.

  • TOKYO, May 19- Prime Minister Shinzo Abe is moving to shake up oversight of the world's largest pension fund, expanding the board and giving it new power to steer a shift out of Japanese government bonds and into higher-yielding assets, according to two people with direct knowledge of the matter.

  • Alibaba: the new face of finance in China Monday, 19 May 2014 | 4:33 AM ET

    Yu'e Bao, available on smartphones, is conveniently linked to China's biggest online payments platform Alipay, similar to PayPal and owned by an affiliate of e-commerce giant Alibaba Group Holding Ltd. Users can dip directly into Yu'e Bao to pay for goods bought online.

  • LONDON, May 19- Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks. Shanghai shares hit a three-week low as Beijing unveiled new regulations that tighten its grip on interbank lending to defuse risks among "shadow" non-bank financial firms that act like banks.

  • FRANKFURT, May 19- Deutsche Bank said a decision to seek 8 billion euros in new equity capital was driven by uncertainty about the cost of new regulations and the need for funds to expand its investment banking business. It plans to sell the new shares combined with at least 1.5 billion euros in hybrid debt by June 4.

  • TOKYO, May 19- Prime Minister Shinzo Abe is moving to shake up oversight of the world's largest pension fund by giving it an expanded board with its first full-time members to steer a shift out of Japanese government bonds and into higher-yielding assets, according to two people with direct knowledge of the matter.

  • SAO PAULO, May 16- Brazilian investment bank Bradesco BBI SA extended its push into the U.S. debt market on Friday by clinching a double role as joint-lead manager and bookrunner of a $1.04 billion sale of asset-backed securities by Ford Motor Co's finance unit.

  • Schwab CEO: Disclose payment for selling client orders Thursday, 15 May 2014 | 7:46 PM ET

    May 15- The chief executive officer of Charles Schwab Corp on Thursday suggested that regulators require brokerage firms to disclose how much they are paid for selling their clients' orders. The U.S. Securities and Exchange Commission has begun issuing subpoenas and other demands to brokerage companies to learn how they handle their clients' orders.

  • QUEBEC CITY, May 15- Interest rates are likely to stay low for an extended period, posing a major challenge to the pension industry, Bank of Canada Deputy Governor Lawrence Schembri said on Thursday.