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  • They're not inclined to cut anyone else's salary, "said Barney Frank, the retired Massachusetts congressman, in a recent telephone interview. Frank cited leaders of top asset managers including BlackRock Inc, Vanguard Group and Fidelity Investments, which are often among the largest shareholders of S&P 500 companies. A spokesman for BlackRock said its team...

  • MEXICO CITY— Mexico's state-owned petroleum company Pemex has signed an agreement giving two investment funds a 45 percent stake in a natural gas pipeline in exchange for $900 million. The Los Ramones pipeline will transport natural gas from Texas to Mexico and is intended to facilitate imports of cheap U.S. gas and lower Mexico's high commercial...

  • March 25- BlackRock Inc, the world's largest asset manager, is looking to invest in infrastructure projects in Mexico, according to sources familiar with the situation. As Mexico has opened up to foreign capital in recent years, BlackRock's infrastructure investment group sees an opportunity and is setting up a team of specialists to work out of its Mexico City...

  • "Toxic Trio" becomes duet as Argentina dollar bonds rally Wednesday, 25 Mar 2015 | 12:06 PM ET

    LONDON, March 25- Investors who have shunned the high-yielding dollar bonds of the " Toxic Trio" of Argentina, Venezuela and Ukraine may be kicking themselves after a strong Argentine rally over the last year. "The Toxic Trio is actually now the Toxic Duet because Argentina has done very well and gave up their membership this past year," said Edwin Gutierrez, head of...

  • WASHINGTON, March 24- A Republican congressman and a Democratic colleague on Tuesday introduced a bill to shed more light on the workings of the Financial Stability Oversight Council, which watches for emerging threats to market stability. The draft bill by Florida Republican Dennis Ross and Maryland Democrat John Delaney was introduced a day before...

  • March 24- Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc, its fourth such deal in two months. The portfolio being sold to Nationstar comprises about 142,000 performing loans owned by government-controlled mortgage finance firms Freddie Mac and Fannie...

  • March 23- Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • March 23- Ocwen Financial Corp refuted allegations of poor mortgage-servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • March 23- Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and trustees in January, alleging improper loan...

  • NEW YORK— Stocks advanced Friday, capping a strong week, helped by a recovery in the price of oil and earnings from Olive Garden owner Darden Restaurants and sportswear giant Nike. "The trepidation in the market before the Fed announcement has disappeared," said Kristina Hooper, U.S. investment strategist at Allianz Global Investments. The Nasdaq closed 22 points...

  • NEW YORK— Even the most pleasing ice cream on a hot summer day can result in a headache. Such is the pain mutual-fund investors are feeling as they prepare their taxes. Another year of sweet returns for stock funds is leading to bigger tax bills for many who own funds in taxable accounts.

  • HONG KONG, March 13- China must make bolder market reforms before Chinese-listed shares can be included in key MSCI emerging market benchmark indexes, leading global fund managers and MSCI insiders told Reuters. Anticipation that MSCI would push ahead with plans to include locally-listed China' A' shares in its Emerging Markets Index, which is tracked by $1.7...

  • The tables below outline Ukraine's sovereign dollar bonds and the key foreign portfolio investors who hold them, compiled from the Thomson Reuters eMAXX database. Franklin Templeton is the biggest holder of Ukrainian debt across the bond curve, and the country's creditors include bond giants PIMCO and Blackrock. MATURITY AMOUNT Sept 23 2015 $500 million...

  • *Robust U.S. payrolls report jolts bond yields higher. *Dollar index hits 11-1/ 2 year high vs basket of currencies. NEW YORK, March 11- Before last Friday, many investors opined that the U.S.

  • Market selloff is about the dollar: Koesterich Tuesday, 10 Mar 2015 | 9:38 AM ET
    Traders on the floor of the New York Stock Exchange.

    Investors are starting to realize that the strengthening dollar is going to bite into earnings, BlackRock's Russ Koesterich tells CNBC.

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence this month to pave the way, though not commit, to an interest rate hike in June. While wage gains were only slight, analysts said the Fed was now likely to drop a reference to patience on the timing of a rate hike...

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence to pave the way this month, though not commit, to an interest rate hike in June. Given today's employment report, right now, June would strike me as the leading candidate for lift off, " Richmond Federal Reserve...

  • LONDON, March 6- While UK stocks have broadly shrugged off the looming general election, some investors are shunning a sector that risks becoming a political punch bag. Domestic utilities including Centrica and SSE have fallen since the start of 2015, even as the FTSE 100 index has hit record highs. The opposition Labour Party is campaigning to give the energy...

  • Schwab under fire for robo-adviser costs Friday, 6 Mar 2015 | 10:05 AM ET
    A pedestrian walks past a Charles Schwab office in New York.

    Charles Schwab introduces a free investment service for consumers who crave low-cost personalized advice. The New York Times reports.

  • NEW YORK, March 5- A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety. Bank of America had agreed to the 2011 settlement with 22 institutional investors including BlackRock Inc, MetLife Inc and Allianz SE's Pacific Investment Management Co to resolve claims...