HONG KONG, Feb 27- China shares had their best day in three weeks on Wednesday, thanks to a proposed relaxation of investment rules that boosted listed brokerages and to expectations of greater money market liquidity.
HONG KONG, Feb 27- China shares rebounded from multi-week lows on Wednesday, led by strength in the brokerage sector, on easing of investment rules and expectations of greater liquidity in the money market.
*PBOC cash injection eases China tightening worries. HONG KONG, Feb 27- China shares rebounded from multi-week lows on Wednesday, led by strength in the brokerage sector on signs of more financial innovation as the central bank eased tightening concerns after injecting funds into the money market.
WASHINGTON, Feb 21- A bipartisan group of former top officials of the Securities and Exchange Commission are urging the U.S. financial risk council to back down from its efforts to pressure the SEC into adopting new rules for the $2.6 trillion money market fund industry.
LONDON, Feb 14- Euro zone banks' next repayment of emergency loans to the European Central Bank later this month could take some of the shine off the euro, much to the relief of policymakers who fret about a strong currency.
LONDON, Feb 13- U.S. money market funds are slowly returning to the euro zone, lured by a gradual rise in interest rates as the lenders grow more confident the bloc can contain its debt crisis.
BOSTON, Jan 11- Fidelity Investments, Federated Investors Inc and Charles Schwab Corp on Friday joined a growing list of top U.S. money market fund managers in agreeing to post daily fund asset values, as the industry comes under growing pressure from regulators for more transparency.
BOSTON, Jan 11- Two more money market mutual fund managers, Fidelity Investments and Federated Investors Inc, said on Friday they will begin to post daily fund asset values, as the popular savings sector feels increasing pressure from regulators to be more transparent and less susceptible to mass redemptions.
Two major banks and the country's largest asset manager took steps to make their money market mutual funds more transparent to investors.
Dec 12- The U.S. Chamber of Commerce, which represents thousands of large and small businesses, told regulators it is opposed to additional reform of money market mutual funds, a significant source of funding for many of its members.
Although changes to money market funds since 2010 have made them more transparent and stable, SEC Chairman Mary Schapiro told CNBC that there are structural weaknesses still to be addressed.