WASHINGTON, May 16- Big banks won key concessions in the battle over who dominates the $630 trillion derivatives markets as the top U.S. regulator adopted watered-down rules to bring swaps onto exchange-like trading platforms.
BOSTON-- The headlines about exchange-traded funds suggest there are no limits to the growth of these low-cost, easily traded alternatives to mutual funds.
*Gold finds some relief as U.S. data hurts stocks, dollar. LONDON, May 16- Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets.
*Soros Fund Management cuts SPDR Gold Trust holdings. LONDON, May 16- Gold dropped for the sixth consecutive session on Thursday, hitting its lowest level in four weeks, on a stronger dollar and battered investor sentiment. Gold fell as much as 1.6 percent to a low of $1,369.29 an ounce and stood at $1,374.46 at 1012 GMT.
May 14- Top U.S. money managers raised concerns at an informal discussion with New York Federal Reserve President William Dudley last month about the large inflow of dollars from mom-and-pop investors into fixed-income funds the past few years.
Boston- based Fidelity in December filed an application to set up a series of actively managed ETFs with the Securities and Exchange Commission, and the agency approved the request last week, spokesman Jeff Cathie said.
LONDON, May 14- Asset manager BlackRock said on Tuesday that one of its former employees was arrested in April by City of London police on suspicion of insider dealing.
May 13- Michigan's biggest city is "clearly insolvent" and needs to restructure its debt and renegotiate its labor contracts to address its problems, Detroit's emergency financial manager said on Monday.
NEW YORK, May 10- The surge in Japanese stock prices and the plunge in the yen against the U.S. dollar on Friday have bolstered the appeal of two currency-hedged Japanese equity exchange traded funds. The smaller, Deutsche Bank- owned DB-X Japan Hedged Equity MSCI ETF was also up nearly 1.0 percent as well, rising 2.5 percent this week.
LONDON, May 10- Most investors see the yen's latest lunge as a byproduct of the rich world's money printing gambit and not a deliberate escalation in a notional currency war, but it is raising concerns about possible new ructions.
LONDON, May 10- Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now.