European shares closed lower on Wednesday as investors reacted to a slew of earnings news and data released in the euro zone.» Read More
BOSTON, April 9- Templeton Global Bond Fund manager Michael Hasenstab, who has a multibillion-dollar bet on Ukraine bonds, says he is confident the country can flourish over the next decade and that the international community can put together a reform package to solve any short-term liquidity and solvency issues.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
*China stock valuations near cheapest since at least 2004. *Stock mutual funds turning overweight on China- HSBC. *Investors see China reforms improving growth prospects.
Barry Knapp is joining BlackRock to lead a new fixed income strategy team this summer, leaving Barclays.
*Gold inches up but struggles to hold above $1,300. *Morgan Stanley lowers 2014 price forecast by 12 pct. SINGAPORE, April 8- Gold ticked higher on Tuesday, hovering around the $1,300- an-ounce level, regaining ground from overnight losses as weaker equities and geopolitical tensions in Ukraine lifted its safe-haven appeal.
SINGAPORE, April 8- Gold ticked higher on Tuesday to within a whisker of the $1,300- an-ounce level, regaining ground from overnight losses as weaker equities increased its safe-haven appeal. *BlackRock said that gold ETPs had experienced a "momentum shift" in the first quarter with interest rates holding steady and higher prices.
Some of the names on the move ahead of the open.
BlackRock is reorganizing its senior management ranks as it works towards a succession plan for CEO and co-founder Larry Fink.
NEW YORK, April 6- BlackRock Inc, the world's largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday.
MILAN, April 4- The former controlling shareholder in Monte dei Paschi di Siena said on Friday it and two new Latin American investors in Italy's third biggest bank had committed to not selling their respective holdings for at least 16 months.
*Funds flowing back into markets such as India. LONDON, April 4- A tentative recovery in emerging markets may paradoxically disappoint some investors who had hoped a sell-off earlier this year would push governments into making reforms to stimulate longer-term economic growth.
*Haldane says funds can pose risks because of size, activities. LONDON, April 4- A top Bank of England official put the world's $87 trillion asset-management industry on alert on Friday, saying it posed some of the same "too big to fail" risks that are being tackled by reforms at major banks.
Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.
MILAN, April 3- U.S. fund manager BlackRock, which has been on a shopping spree in Italy over the past six weeks, is now the biggest shareholder in Italian cooperative lender Banco Popolare with a 6.85 percent stake.
WASHINGTON, April 2- Criticism is rising within the U.S. Securities and Exchange Commission over the structure of a new regulatory body that assesses risk in the financial markets, with some commissioners saying they are being wrongfully excluded from the group's critical decision-making process.
NEW YORK, March 28- WisdomTree Investments Inc has paid a price for being so dependent on its flagship Japan fund- as that market reversed fortune this year, shares of the asset manager fell nearly 30 percent and Citi analysts downgraded its stock.
At the Reuters ASEAN Summit, two of the country's largest companies, Siam Cement PCL and Charoen Pokphand Foods PCL, outlined growth strategies that are now firmly focused outside their home country.
SAN FRANCISCO/ BOSTON, March 27- As increasing numbers of technology companies defer their initial public offerings, one influential hedge-fund investor has stepped up to the plate in Silicon Valley.
BlackRock chief Larry Fink thinks companies should focus more on long-term results while Carl Icahn is more "short-termist." Who's right?
Legendary Legg Mason fund manager Bill Miller offers tips on how to invest in a market that will change in ways you'll never be able to predict.