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  • Investors still in the dark as cyber threat grows Friday, 28 Aug 2015 | 9:29 AM ET

    LONDON/ BOSTON, Aug 28- Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. "I don't see any visible stand asset managers are taking, like they do on other social responsibility...

  • Some of the largest U.S. fund managers rely on BNY Mellon to calculate the net asset value of their funds but a failed software upgrade last weekend buckled the system just as investors headed into a tumultuous week of trading sparked by fears about the Chinese economy. "BNY Mellon is the plumber to mutual funds and capital markets," said Mike Mayo, a banking analyst...

  • Hong Kong's key share index snaps 7-day losing streak Tuesday, 25 Aug 2015 | 4:08 AM ET

    August 25- Hong Kong's flagship Hang Seng index rose on Tuesday, breaking a seven-day losing streak, as investor sentiment improved amid a recovery in some regional markets. The Hang Seng index rose 0.7 percent, to 21,404.96, while the China Enterprises Index lost 0.9 percent, to 9,514.04 points. Although the slump in mainland shares is affecting their Hong Kong-...

  • Aug 24- Mac Sykes, an analyst at asset management firm Gabelli& Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. While his wife and three kids spent Monday at the beach, Sykes was busy on calls, doing research and watching markets from Shanghai to New York dive. "Everybody was in the game today no matter where...

  • WASHINGTON/ NEW YORK, Aug 24- Turmoil in world financial markets and growing fears of a China- led global economic slowdown threaten to derail the Federal Reserve's plans to soon start raising interest rates from near zero, dimming the chances of a September lift-off. A near 9- percent dive in Chinese shares on Monday triggered sharp sell-offs in Asia and Europe,...

  • Market turmoil threatens Fed's rate hike plans Monday, 24 Aug 2015 | 4:28 PM ET

    WASHINGTON/ NEW YORK, Aug 24- Turmoil in world financial markets and growing fears of a China- led global economic slowdown threaten to derail the Federal Reserve's plans to start raising rates from near zero, making the chances of a September lift-off look increasingly remote. A near 9- percent dive in Chinese shares on Monday triggered sharp sell-offs in Asia...

  • Aug 24- BlackRock Inc's chief investment officer of fundamental fixed income, Rick Rieder, believes the window for the U.S. Rieder, who manages BlackRock's unconstrained bond fund, the $31 billion Strategic Income Opportunities Fund, has predicted the Fed would start raising rates in September. BlackRock, the world's largest asset manager with $4.7 trillion...

  • Aug 21- Goldman Sachs Group Inc fund managers believe investors could pour $450 billion into money market funds that invest in U.S. government debt in response to new rules for the short-term funds, an executive told Reuters. Goldman Sachs joins other asset management firms in preparing for the rules, which are designed to protect investors from extreme market...

  • LONDON, Aug 18- Gold fell on Tuesday, as the dollar rebounded following upbeat U.S. housing data that supported views of a looming interest rate increase by the Federal Reserve. Spot gold snapped initial gains and was down 0.5 percent at $1,111.71 an ounce by 1419 GMT, while U.S. gold for December delivery fell 0.7 percent to $1,110.20 an ounce.

  • LONDON, Aug 18- Gold traded little changed on Tuesday, as investor focus shifted back to the prospect of a rate rise by the Federal Reserve. Gold snapped a seven-week losing streak and scaled a three-week high of $1,126.31 last week after China's devaluation of its yuan fueled some speculation that the Fed could hold off on raising interest rates this year.

  • MADRID, Aug 14- Spanish energy group Abengoa, which has been struggling to reassure investors over its finances, denied a report on Friday saying that banks had advised it to increase the size of a planned rights issue to. Banks were telling Abengoa to raise the capital hike to 800 million euros, Bloomberg reported on Friday, citing people familiar with the matter.

  • China's yuan posts biggest weekly loss on record Friday, 14 Aug 2015 | 4:52 AM ET

    HONG KONG, Aug 14- China's yuan held steady against the dollar on Friday, but posted its biggest weekly loss on record due to the central bank's surprise move to devalue its currency. The People's Bank of China set the midpoint rate at 6.3975 per dollar prior to market open, firmer than the previous day's closing quote 6.399. "We believe that yuan may reach new...

  • NEW YORK, Aug 12- U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. The yuan weakened for a second straight day on Wednesday after China devalued its main reference rate on Tuesday, and the currency hit a four-year low against the dollar, further...

  • HONG KONG, Aug 12- Beijing's efforts to support collapsing shares have pulled Chinese stocks back to around 4,000 points, but index-linked funds trading at discounts tell a less optimistic story. Outflows in China ETFs began in mid-June when the market tumbled 30 percent in a span of just one month after a 110- percent rally from November to June.

  • HOUSTON, Aug 7- Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. At Halliburton, some of the capital to finance the sales will come from $500 million in backing from asset manager BlackRock, part of a wave of alternative finance...

  • LONDON, Aug 7- Think the imminent rise in U.S. interest rates is universally bad news for markets? Equity markets have broadly been on an upwards path since the 2008 global financial crisis, as record low interest rates and injections of cash from central banks pushed markets in New York, London and Frankfurt to record highs. S&P 500 last month for the first time...

  • HOUSTON, Aug 7- Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. At Halliburton, some of the capital to finance the sales will come from $500 million in backing from asset manager BlackRock, part of a wave of alternative finance...

  • NEW YORK, Aug 6- BlackRock Inc CEO Larry Fink is betting that a trillion points of data can help revive his firm's ailing stock-picking business. Even though BlackRock replaced many of its fundamental active equity managers over the past few years, a number of the firm's stock-picking funds are underperforming. If BlackRock succeeds, it could enable its...

  • NEW YORK, Aug 6- BlackRock Inc CEO Larry Fink is hoping that a trillion points of data can revive his firm's ailing stock-picking business. Even though BlackRock replaced many of its fundamental active equity managers over the past few years, a number of the firm's stock-picking funds are underperforming. If BlackRock succeeds, it could enable its...

  • Glamour is out as Pimco recovers from Gross exit Tuesday, 4 Aug 2015 | 8:13 PM ET
    PIMCO headquarters building in Newport Beach, Calif.

    Dan Ivascyn, who succeeded Bill Gross as Pimco's new chief investment officer, acknowledges that life at the firm is now "less glamorous."