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  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • March 28- China will encourage local companies to issue bonds overseas to fund projects to create a modern Silk Road, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on Saturday by the official Xinhua news agency. The so-called "One belt, One road" initiative to link Asia to Europe and...

  • UK, Switzerland accepted by China-led investment bank Saturday, 28 Mar 2015 | 1:52 AM ET

    China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank.

  • SHANGHAI/ RIO DE JANEIRO, March 28- China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank, a day after Brazil accepted China's invitation to join the AIIB. China's AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a...

  • Chevron exits Caltex Australia stake for $3.7 bln Friday, 27 Mar 2015 | 10:35 PM ET

    PERTH, March 28- U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A $4.7 billion in Asia's biggest block deal this year, as falling oil prices and high costs hurt margins. Offshore institutional investor demand for the 50 percent stake in Australia's biggest refiner was strong, with bidding driving the final price to A $35 a share,...

  • RIO DE JANEIRO, March 27- Brazil said on Friday it had accepted China's invitation to join its Asian Infrastructure Investment Bank as a founding member. The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a significant step for China's global influence. China's Finance Ministry said that Austria had also applied to join, and has...

  • RIO DE JANEIRO, March 27- Brazil said on Friday it had accepted China's invitation to join its Asian Infrastructure Investment Bank as a founding member. The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a significant step for China's global influence. The United States had warned against the new institution but its European...

  • CORRECTED- ARGENTINA'S SECURITIES REGULATOR SAYS ACTION AGAINST CITIBANK ARGENTINA IS DUE TO AGREEMENT WITH LITIGATING U.S.

  • They're not inclined to cut anyone else's salary, "said Barney Frank, the retired Massachusetts congressman, in a recent telephone interview. Frank cited leaders of top asset managers including BlackRock Inc, Vanguard Group and Fidelity Investments, which are often among the largest shareholders of S&P 500 companies. A spokesman for BlackRock said its team...

  • Franc fallout sparks prime broking shake-out Friday, 27 Mar 2015 | 11:19 AM ET

    The market's biggest player, Citigroup, has rationalised its client base, jettisoning a number of smaller customers, and rival top level banks have proved reticent in providing them with an alternative home, several market sources said. Other major players include Deutsche Bank, BNP Paribas, JP Morgan and Bank of America Merrill Lynch. "Unless someone like JP...

  • LONDON, March 27- Emerging market stocks were trading lower on Friday and set for a weekly loss as a strong dollar lured investors away and worries about stability in the Middle East depressed investor sentiment. The MSCI emerging equities index was 0.4 percent lower while the Asia excluding Japan benchmark eased 0.1 percent. "Oil has again taken centre stage as...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.6 percent, to 3,971.70, while the Shanghai Composite Index gained 0.3 percent, to 3,691.10. Among the most active stocks in Shanghai were China Shipbuilding, down 2.0 percent to 10.23 yuan; China State Construction, up 3.0 percent to 7.22 yuan and Agricultural Bank Of China, down 0.3...

  • TOKYO, March 27- Japan's Nikkei share average tumbled to a two-week low on Friday, led by futures selling as hedge funds took profits from recent gains. The Nikkei benchmark fell 1.7 percent to 19,141.62 points after falling to as low as 19,099.87 in mid-afternoon trade, the lowest level since March 13. Exporters also suffered, with Toyota Motor Corp falling 2.0...

  • *China market on track to end the week up about 2 pct. SHANGHAI, March 27- China stocks rose on Friday morning, led by property shares which rose sharply on expectations of increased support, and bolstered by the government raising limits in its qualified investor scheme. The impact of poor economic data released on Friday- showing profits earned by Chinese...

  • March 26- Private equity firm Platinum Equity LLC is in advanced talks to buy PrimeSource Building Products Inc, the largest distributor of screws and nails in the United States, from Itochu Corp, according to people familiar with the matter. Reuters reported in November that Itochu, a Japanese trading house, had hired investment bank JPMorgan Chase& Co in an...

  • FUNDVIEW-Pre-IPO tech fund returns 28 pct in first year Thursday, 26 Mar 2015 | 4:14 PM ET

    March 26- The first mutual fund giving mom-and-pop investors easy access to the private market for tech startups turned a year old this week, capping a year of big gains and raising the question for would-be buyers: Is this a good deal or a danger? For $2,500, anyone can buy into the $32 million SharesPost 100 Fund, and get a portfolio of roughly 20 tech companies three...

  • *SanDisk tumbles after outlook cut, hits chipmakers. Semiconductor stocks were under pressure for a fourth straight session as SanDisk tumbled 18.1 percent to $66.47 after cutting its revenue outlook. The headwinds for SanDisk are company-specific according to King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.

  • March 26- U.S. public pension funds investments saw their growth rekindle, rising to $3.34 trillion in the fourth quarter after suffering a slight setback in their rise the previous quarter, U.S. Census data showed on Thursday. The latest results, fueled by higher earnings, were just shy of the $3.37 trillion all-time high set in the second quarter of 2014..

  • March 26- U.S. public pension funds investments saw their growth restart, rising to $3.34 trillion in the fourth quarter after suffering a slight setback in their rise the previous quarter, U.S. Census data showed on Thursday. The latest results, fueled by higher earnings, were just shy of the $3.37 trillion all-time high set in the second quarter of 2014..

  • PUBLIC PENSION FUND INVESTMENTS GREW TO $3.34 TRILLION IN FOURTH QUARTER- U.S.