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  • By Denny Thomas HONG KONG, Jan 21- Investment banking fees surged to a seven-year high of $90.1 billion in 2014, driven by deals in North Asia and Southern Europe, with the huge North American market offering ballast in a sector increasingly expected to see some wobbles this year. Fees for deals done in North Asia leapt 28 percent to $7.4 billion while Southern...

  • *Wall Street rallies for second straight session. NEW YORK, Jan 20- Equities rose worldwide on Tuesday, with Wall Street reversing early losses and the dollar climbing 1 percent against the Japanese yen, as diminishing global growth prospects bolstered hopes for central bank stimulus. Crude oil prices fell nearly 2 percent after the International Monetary...

  • *China data, QE prospects lift European shares. *China slows less than expected, IMF cuts global outlook. Crude oil prices fell after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted that prices could drop to $25 a barrel without supportive OPEC action.

  • The amount raised through listings in the second half of 2014 fell 63 percent from the first six months of the year to $3.8 billion, Thomson Reuters data showed. Energy company listings shelved since July include Dubai's oil-rig contractor Shelf Drilling, which was planning to list on the London Stock Exchange, and Samudra Energy, which owns oil and gas...

  • *China data, QE prospects lift European shares. *China slows less than expected, IMF cuts global outlook. LONDON, Jan 20- Shares rose on Tuesday and the dollar gained 1 percent against the yen after China said its economy had not slowed as much as many in markets had feared.

  • *Itochu and CP Group to take 20 pct stake in Citic. TOKYO/ HONG KONG, Jan 20- Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group said on Tuesday that they plan to jointly invest $10 billion in Citic Ltd, part of China's oldest and biggest conglomerate. Itochu and CP Group plan to take a joint stake of 20 percent in Citic Ltd, increasing their...

  • TOKYO, Jan 20- Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group said on Tuesday that they plan to jointly invest $10 billion in Citic Group, China's oldest and biggest conglomerate. Itochu and CP Group plan to contribute evenly to the investment, taking a joint stake of as much as 20 percent, as both seek to raise their exposure to the...

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • LONDON, Jan 19- An oil price slump to multi-year lows, along with a weakening euro, is expected to boost most euro zone firms' earnings, even though economic growth is slowing and the energy sector itself will get squeezed. Carrefour's sales growth accelerated in the fourth quarter, Hennes& Mauritz, the world's second-biggest fashion retailer, saw higher sales...

  • HONG KONG, Jan 19- Legend Holdings Corp, the parent of the world's biggest maker of personal computers, Lenovo Group Ltd, plans an up to $3 billion initial public offering in Hong Kong in the second half of 2015, IFR reported on Monday, citing people familiar with the matter. China International Capital Corp and UBS AG are working with Legend on the planned IPO,...

  • LONDON, Jan 18- Below are tables of the best and worst performers in the fourth quarter of 2014 and for last year as a whole, among the actively managed commodity funds in the Lipper Global database. The return performance is calculated in the fund's local currency. Man AHL Diverisfied 31.31 3. Nuveen Gresham Long/ Short 14.48.

  • *Sky-high valuations deterred fund managers last year. *GCC markets now looking cheap vs major indexes. DUBAI, Jan 18- When Saudi Arabia announced last July that it would open its stock market to direct foreign investment, a common worry among fund managers was that when the reform finally took place, the market would simply be too expensive to buy.

  • Jan 16- PepsiCo Inc said it had elected an adviser at Nelson Peltz's Trian Fund Management to its board, signaling a truce between the company and the activist investor following his two- year push to split the snack and beverage maker. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the...

  • Jan 16- PepsiCo Inc said it had elected William Johnson, an advisory partner at Trian Fund Management, to its board, following a recent push by Trian to split the company. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the company's 2015 annual shareholders' meeting, PepsiCo said.

  • PepsiCo elects Trian Fund's nominee to board Friday, 16 Jan 2015 | 4:40 PM ET

    Jan 16- PepsiCo Inc said it had elected William Johnson, an advisory partner at Nelson Peltz-led Trian Fund Management to its board. Nelson Peltz-led Trian Fund held 1.19 percent stake in PepsiCo as of Dec. 31, according to Thomson Reuters data. The activist investor has urged PepsiCo, known for beverages like Pepsi, Tropicana and Gatorade, to split its more...

  • NEW YORK, Jan 16- Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains. This month, the benchmark index fell five sessions in a row, from Jan. 8 through Jan. 15, shedding more than 3 percent in the process. Oil prices have fallen in half in recent months, trading below $50 a...

  • SAN FRANCISCO— Venture capitalists poured a whopping $48.3 billion into U.S. startup companies last year, investing at levels that haven't been seen since the heady days before the dot-com bubble burst in 2001.. "There really is an unprecedented level of innovation that is taking place," said Robert Ackerman, managing director and founder of Allegis Capital, a...

  • U.S. venture capitalists spend most money since 2000 Friday, 16 Jan 2015 | 12:01 AM ET

    SAN FRANCISCO, Jan 16- U.S. venture capitalists invested $48.39 billion last year, the biggest total since 2000, according to new data from the National Venture Capital Association, PricewaterhouseCoopers, and Thomson Reuters. "Internet models today are fundamentally more sound than Internet models of 2000," said Deven Parekh of Insight Venture Partners, a...

  • *Bank of America, Citi fall after results. *Swiss National Bank scraps three-year-old euro cap on franc. "We're probably going to see slowing in the global economy, and it will be very difficult to sail through a global recession without getting touched," said Scott Colyer, chief executive officer of Advisors Asset Management in Monument, Colorado.

  • *Bank of America, Citi down after results. *Swiss National Bank moves to scrap 3- year euro cap on the franc. Swiss stocks traded in the United States moved higher, Credit Suisse, up 0.7 percent at $22.98 and Novartis, up 1.9 percent to $98.61, as a strengthening Swiss franc made U.S.-dollar denominated stocks cheaper.