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  • Election, EU uncertainty to add risk to British markets Thursday, 20 Nov 2014 | 12:07 PM ET

    *Markets not yet pricing in possible UK exit from EU. "You can draw parallels between what happened with the Scottish referendum and UK exit," said Themis Themistocleous of UBS Wealth Management. "If suddenly the polls started swinging towards UK exit you most probably see that reflected more in the market."

  • Harvard sued over push for fossil fuels divestment Thursday, 20 Nov 2014 | 11:16 AM ET

    BOSTON— Seven Harvard University students have filed a lawsuit asking a judge to force the university's governing body to divest from fossil fuel companies. The complaint asks the court to compel the Harvard Corporation, the governing body, to stop investing any of its $36.4 billion endowment in gas, coal and oil companies. In a letter to the Harvard community in...

  • Nov 20- Goldman Sachs Group Inc said it fired two staff after a junior employee passed confidential information from the Federal Reserve Bank of New York, his former employer, to a senior colleague in the investment bank. Goldman said the incident on Sept. 26 was immediately reported to its compliance team, regulators and the New York Fed and an internal...

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began when...

  • Brookfield halts plan to buy Atlantic City's Revel Wednesday, 19 Nov 2014 | 6:09 PM ET
    The Revel Casino in Atlantic City on July 30, 2014.

    Brookfield is abandoning its plan to buy the former Revel Casino Hotel in Atlantic City.

  • Nov 19- A Houston- based wealth management firm must pay more than $3.8 million to a group of 19 ExxonMobil retirees who said the company mismanaged their investments and misled them about its trading strategy, according to a securities arbitration ruling. The ruling by a panel of three Financial Industry Regulatory Authority arbitrators found USCA Capital...

  • NEW YORK, Nov 19- Goldman Sachs will wind down its small uranium trading business after failing to find a buyer and may sell its Colombian coal mine subsidiary, two of its most controversial commodity divisions, according to a new Senate report released on Wednesday. It included a lengthy summary of Goldman's activities in the niche uranium market, which began...

  • Morgan Stanley's oil trading desk, the largest of the five divisions within its commodities business, recorded net revenue of $676 million in 2012, half as much as 2008, according to a submission cited in the committee's 400- page report. And Goldman Sachs saw its global commodity net revenues drop to around $1 billion in 2012, less than a third as much as its...

  • Nov 19- Hedge fund Livermore Partners is pushing for change at U.S. staffing services provider Volt Information Sciences Inc, setting the stage for a potential proxy battle if the company does not act on its demands. It also wants it to sell non-core assets and buy back stock, said David Neuhauser, Livermore's managing director. Volt's share price has...

  • TREASURIES-Yields rise as markets brace for Fed minutes Wednesday, 19 Nov 2014 | 10:25 AM ET

    NEW YORK, Nov 19- U.S. Treasuries were also pressured by the expected new issuance of Alibaba Group Holding's $8 billion corporate bond deal, traders said. Asset managers are selling Treasuries to make way for the Alibaba deal.

  • Nov 18- A Swiss banker charged in the United States last year with helping wealthy Americans avoid taxes said in a court filing on Tuesday that he wanted to fight the charges and asked a federal judge to consider his application for bail before he traveled to the United States. Stefan Buck, who remains in Switzerland and was head of private banking at Zurich- based...

  • NEW YORK, Nov 18- Several high-profile U.S. investors said on Tuesday that various parts of Latin America could outperform in the next year, but the region's largest economy, Brazil, could lag in 2015.. The sovereigns have certainly proven that, "said Luz Padilla, DoubleLine Capital's director of emerging markets fixed income, at the Reuters Global Investment...

  • NEW YORK, Nov 19- Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10- year private equity fund, according to people familiar with the matter. Blackstone is seeking as much as $2 billion apiece from five to six of its biggest public pension fund and...

  • NEW YORK, Nov 18- U.S. "The headline PPI is a little bit stronger, but what I think people are waiting for is whether there is any pass-through to consumers so we'll get to see that this Thursday when CPI comes out," said Dan Heckman, senior fixed income strategist, at U.S. Bank Wealth Management in Kansas City.

  • LONDON, Nov 18- Markets are overly worried about the U.S. Pascal Blanque, Chief Investment Officer at the $1.2 trillion Amundi Asset Management, sees a' low probability' of the Fed making its first rate rise in 9 years in 2015- despite consensus forecasts of a mid-year hike. What's more, investors needed to stay focused on the global liquidity pool, which is also being...

  • DUBAI, Nov 18- The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region. While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets...

  • investors in 2015- Northern Trust@. Wayne Bowers, head of asset management for EMEA and Asia at Northern Trust, said European markets could defy the "structural pessimism" of many investors, with central bank stimulus lifting asset prices even if the economic impact takes many months to filter through. On Japan, Bowers said that though economic data makes grim...

  • Belgian judge charges HSBC branch with fraud Monday, 17 Nov 2014 | 8:44 AM ET

    BRUSSELS— A Belgian investigating judge has charged a Swiss private banking branch of HSBC with massive organized fiscal fraud, money laundering and forming a criminal organization to the benefit of over 1,000 wealthy clients that cost the Belgian authorities "hundreds of millions of euros." In August, HSBC Holdings PLC said it knew inquiries were ongoing and...

  • LONDON, Nov 17- Hedge funds have been badly wrong-footed by the slide in oil prices over the past five months, and by trying to turn their positions around have accelerated the rout. By the middle of June, hedge funds had a net long position in WTI-linked futures and options contracts equivalent to almost 413 million barrels of crude oil, according to the U.S....

  • BOSTON, Nov 14- Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller Diamondback Energy by 20 percent to own 1.4 million shares...