Japan overhauled the world's biggest public pension fund in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.» Read More
Square has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash.
Barclays is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week.
LONDON/ NEW YORK, April 21- Barclays is planning to withdraw from large parts of the metals, agricultural and energy markets as part of a restructuring of its investment bank, a person familiar with the matter said.
TOKYO, April 21- The Bank of Japan is likely to hold off on expanding monetary stimulus for as long as possible but when it does act, it will take "extraordinary" steps such as buying government bonds on a massive scale, a former central bank policymaker said on Monday.
TOKYO, April 21- Japan's Taiyo Life Insurance plans to maintain its holdings of foreign and domestic bonds in the current fiscal year through March 2015, a senior official said on Monday.
*China no longer wants large capital inflows- traders. SHANGHAI, April 21- China's yuan barely moved against the dollar on Monday, as the market took its cue from a flat central bank fixing, a sign that the government wants to keep the yuan stable for now following its recent bout of depreciation.
TOKYO, April 21- Japanese shares climbed to a two-week high on Monday morning, led by gains in nonbank lenders on a media report the government is considering easing rules in the industry, though trading activity was thin due to the Easter.
BEIJING, April 21- A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.
As China Securities Regulatory Commission orders underwriters to update application materials once again, there have been no new China listing applications published for the past eight weeks.
April 18- Biogen Idec Inc is pricing its newly approved long-acting hemophilia drug, Alprolix, to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.
FAMAGUSTA, Cyprus— Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender. Bank of Cyprus says it has completed the sale of its loss-making operations in Ukraine to Alfa Group for 202.5 million euros— 10 percent less than the original price.
5 features an Amazon phone might offer Venture investments highest since 2001 Unemployment rates fall in 21 US states last month Mazda recalls 109,000 older SUVs for rust problem Advice to Democrats: Don't say' recovery' Calpine selling six power plants for $1.57 B Chobani to expand offerings amid competition Earnings season starts rough for health insurers Providence, RI, sues firms over stock trades Asia stocks rise in abbreviated trading
Here are 5 features the device might offer. Venture investments soar 57 percent in 1st quarter to highest level since 2001 More than 2/ 3 of US states had job gains in March, while unemployment rate fell in 21 states Mazda recalling 109,000 older Tribute SUVs to fix frame rust problem Democrats urged not to mention the word' recovery' in upcoming campaign Calpine says it will sell six Southeast power plants to LS Power for $1.57 B Chobani to expand product offerings with desserts, dips as it faces intensifying competition UnitedHealth starts earnings season rough for fellow health insurers Providence, RI, sues financial firms, says they defrauded investors with high-speed trading Asian stock markets rise in abbreviated trading
Health insurers that easily outpaced the broader market in trading last year nosedived this week after UnitedHealth released shaky first-quarter earnings. Earnings at UnitedHealth slumped 8 percent in the most recent quarter as it juggled funding cuts to Medicare Advantage plans and new costs from the health care overhaul.
Startup investments totaled $9.47 billion in the first three months of the year, up from $6.01 billion in the first quarter of 2013. It was the highest since the second quarter of 2001, when investments reached $11.5 billion. Since March, shares of companies such as Netflix, Twitter and Facebook have sagged.
NEW YORK— Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially affected.
NEW YORK, April 17- Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent rise in first-quarter earnings, driven by strong gains in its private equity arm that more than offset small declines in its real estate unit.
NEW YORK, April 17- Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to $423 million, the company said Thursday.
NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region picked up in April at a faster clip than expected.
Discussing earnings season and the condition of the U.S. economy, with James Paulsen, Wells Capital Management chief investment strategist.
Making loans for China's smaller businesses more available would likely resolve shadow banking difficulties, Minsheng Banking's vice chairman said.
At the China Entrepreneur Club's annual summit, Liu Yonghao, Vice Chairman at China Minsheng Banking and Chairman of New Hope Group describes how traditional lenders are helping small firms get loans.