GO
Loading...

Capital Markets

More

  • European stocks hit by news of Gross departure Friday, 26 Sep 2014 | 10:25 AM ET

    *Allianz tumbles 6 pct as Gross leaves Pimco. PARIS, Sept 26- European shares trimmed gains in afternoon trade as shares of German insurer Allianz plunged on news that fund manager Bill Gross was leaving Allianz's asset-management unit Pimco.

  • UPDATE 1-Bill Gross leaves Pimco for Janus Friday, 26 Sep 2014 | 9:28 AM ET

    NEW YORK, Sept 26- Bill Gross, one of the bond market's most renowned investors, is leaving Pimco, the investment firm he founded and with which his name has been effectively synonymous, for rival asset management firm Janus Capital Group, Janus said on Friday.

  • European markets hit by news of Gross departure Friday, 26 Sep 2014 | 9:18 AM ET

    PARIS, Sept 26- European shares trimmed their gains in afternoon trade as shares of German insurer Allianz sank on news fund manager Bill Gross was leaving Allianz's asset-management unit Pimco. Gross, one of the bond market's most renowned investors, will be joining Pimco's rival Janus Capital Group, Janus said on Friday.

  • Bill Gross leaves Pimco for Janus Friday, 26 Sep 2014 | 8:45 AM ET

    Sept 26- Bill Gross, one of the bond market's most renowned investors, is leaving Pimco, the asset management firm he founded, for rival asset management firm Janus Capital Group, Janus said on Friday.

  • Harvard selects insider to manage $34.6B endowment Thursday, 25 Sep 2014 | 11:36 AM ET

    CAMBRIDGE, Mass.— Harvard University is turning to an insider to manage its largest-in-the nation endowment. The university has announced that Stephen Blyth will take over as president and chief executive officer of Harvard Management Co., which oversees the $34.6 billion endowment. Blyth takes over from Jane Mendillo on Jan. 1.

  • DUBAI, Sept 25- Shares in Dubai retailing and restaurants start-up Marka jumped 59 percent on Thursday in the first flotation on the emirate's main stock market since 2009, showing a hunger for fresh equity among local retail investors. Marka shares closed at 1.59 dirhams on the Dubai Financial Market, up from their initial public offer price of 1.00 dirham.

  • LONDON, Sept 25- JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.

  • *151 founders include top UAE businessmen. DUBAI, Sept 25- Shares in Dubai retailing and restaurants group Marka jumped 77 percent upon listing on Thursday in the first flotation on the emirate's main stock market since 2009..

  • VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.

  • BOSTON, Sept 24- Harvard University on Wednesday named an insider, Stephen Blyth, to run its $36.4 billion endowment, the world's largest. The financial services industry veteran holds a statistics PhD from Harvard, and has taught the subject there.

  • Yale endowment posts 20 pct return, besting rival Harvard Wednesday, 24 Sep 2014 | 11:06 AM ET

    BOSTON, Sept 24- Yale University's endowment posted a 20.2 percent return in the 2014 fiscal year, the school said on Wednesday, besting Ivy League rivals such as Harvard and Dartmouth. Harvard University's endowment, the largest school endowment in the world at over $34 billion, announced on Tuesday an investment return of 15.4 percent.

  • Harvard's endowment grows to $36.4 billion Wednesday, 24 Sep 2014 | 9:56 AM ET

    CAMBRIDGE, Mass.— Harvard University's largest-in-the-nation endowment grew to $36.4 billion in the fiscal year that ended in June on a 15.4 percent return, the university agency that's oversees the endowment announced.

  • LONDON, Sept 24- The order book for the Netherlands' new five-year bond closed at 13.7 billion euros on Wednesday, the Dutch State Treasury said. Real money accounts such as asset and fund managers as well as pension funds accounted for 35 percent of the orders, it said in a statement.

  • Shanghai shares in highest close since March 2013 Wednesday, 24 Sep 2014 | 3:07 AM ET

    HONG KONG, Sept 24- Shanghai shares finished at their highest in more than 1-1/ 2 years on Wednesday, helped by brokerage firms which rose amid optimism over policy reforms. Among top CSI300 contributors, CITIC Securities leapt 3.5 percent, Haitong Securities put on 3.3 percent, and Changjiang Securities surged the maximum allowed 10 percent.

  • *UniCredit, Santander to hold around one third each of new entity. MILAN, Sept 23- Italian bank UniCredit SpA and Spain's Santander SA are in talks to merge their fund management businesses and create a European powerhouse overseeing some 350 billion euros of assets.

  • *UniCredit selling up to 50 pct stake in asset manager unit. Sept 23- Spanish bank Santander and Italian rival UniCredit are close to a deal to combine their asset management businesses to create a European fund managing powerhouse, sources close to the matter told Reuters.

  • Sept 23- OM Asset Management Ltd, a unit of Anglo-South African financial group Old Mutual Plc, is expected to raise about $374 million in its initial public offering.

  • Sept 23- OM Asset Management Ltd, a subsidiary of British insurer Old Mutual Plc, said it expects its initial public offering of 22 million shares to be priced between $15 and $17 each.

  • NEW YORK, Sept 22- Private equity firm Silver Lake is in advanced talks to acquire online photo-sharing service Shutterfly Inc for at least $2 billion, people familiar with the matter said on Monday. Silver Lake has outbid other buyout firms in an auction for Shutterfly and is now negotiating the terms of an acquisition, the sources said.

  • TOKYO, Sept 22- Japanese government bond prices ended higher on Monday as some dealers covered their short positions after a fall in yields on German Bunds and U.S. Some domestic institutional investors bought long-term and super-long JGBs sporadically as they rolled over funds from a large number of JGBs that have just matured.