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  • US hedge fund files suit against Puerto Rico gov Wednesday, 23 Jul 2014 | 9:34 AM ET

    SAN JUAN, Puerto Rico— The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. The Electric Power Authority holds some $9 billion in debt.

  • LONDON/ SYDNEY, July 23- Zinc held near a three-year peak on Wednesday with supply set to tighten while aluminum dipped from multi-month highs but could turn higher again as inventories fall and demand rises. But fundamentally there are questions, "said analyst Dominic Schnider of UBS Wealth Management in Singapore.

  • U.S. SEC poised to adopt reforms for money market funds Wednesday, 23 Jul 2014 | 12:01 AM ET

    The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.

  • The new additions, who joined Deutsche Asset& Wealth Management from BlackRock Inc and TS Capital LLC, are part of a broader expansion effort as Deutsche looks to build out its ETP footprint in the United States. He was formerly a director for BlackRock's iShares sales and distribution strategy team and has spent nearly 15 years covering exchange-traded funds.

  • *Saudis expected to follow quota model similar to China. RIYADH/ DUBAI, July 22- Saudi Arabia plans to open its stock market, the Arab world's biggest, to direct investment by foreign financial institutions in the first half of next year, the market regulator said on Tuesday.

  • ZURICH, July 22- Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business.

  • RIYADH, July 22- Saudi Arabia's cabinet gave permission to the financial regulator to open the Arab World's biggest stock market to direct investment by foreign financial institutions. The opening of the Saudi market, capitalised at about $530 billion, is one of the most keenly awaited economic reforms in the world's biggest oil exporter.

  • RIYADH, July 22- Saudi Arabia's cabinet has given permission to the country's financial regulator to open the stock market to direct investment by foreign financial institutions, the government said.

  • The top market risk this summer is... Monday, 21 Jul 2014 | 7:08 PM ET

    Volatility measures suggest investors feel complacent, but a wedge of looming swans may disrupt the calm this summer, Societe Generale said.

  • Ackman says he can prove Herbalife is a 'fraud' Monday, 21 Jul 2014 | 3:57 PM ET

    NEW YORK— Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud." The announcement sent shares of Herbalife down more than 11 percent in trading Monday.

  • July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.

  • Law requires investment training for pension board Friday, 18 Jul 2014 | 6:19 PM ET

    Jerry Brown announced Friday that he has signed a bill requiring board members of California's public pension fund to receive investment-related training every two years, even though the fund already requires such education.

  • Forbes sells majority stake to group of investors Friday, 18 Jul 2014 | 3:25 PM ET

    NEW YORK— Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong- based investor group. The buyers are led by Integrated Asset Management Ltd., a Hong Kong investment firm that invests in telecommunications, finance and technology companies.

  • NEW YORK, July 18- Investors worldwide poured $6.2 billion into stock funds in the week ended July 16, encouraged by strong corporate earnings and big potential merger deals in the United States, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

  • Hedge funds piled into what seemed a one-way bet in early June, grabbing up oil contracts as the rapid advance of Islamist insurgents in northern Iraq threatened supplies from OPEC's second-largest producer at the same time that peak summer demand was approaching.

  • Steve Forbes will continue to serve as chairman and editor-in-chief. The buyer is a newly formed consortium out of Hong Kong called Integrated Whale Media Investments, led by Integrated Asset Management, an investment company that focus on the technology, finance and telecommunications sectors, and Wayne Hsieh, the co-founder of Asustek Computer Inc..

  • NEW YORK, July 18- After more than a year of scaling back in commodities, Morgan Stanley is ready to expand. For example, Morgan Stanley is looking at making more loans to energy producers and sell more commodity-linked products to retail investors, the sources told Reuters. Commodities trading was big for Morgan Stanley before the financial crisis.

  • July 17- Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. Consider its passive investment in RadioShack's stock, which has fallen about 69 percent this year.

  • Mutual fund trends: Bonds still in demand Thursday, 17 Jul 2014 | 4:26 PM ET

    NEW YORK— Experts say bonds are less attractive than stocks. Investors are continuing to pour money into bond mutual funds despite the warnings from Wall Street. Investors noticed, and they plugged a net $3.48 billion into those funds last month, according to Morningstar.

  • Blackstone Group 2Q profit more than doubles Thursday, 17 Jul 2014 | 12:50 PM ET

    NEW YORK— The Blackstone Group saw second-quarter profit more than double, buoyed by strong performance fee growth. The New York private equity firm earned $517 million, or 65 cents per unit, for the quarter.