U.S.-BASED MONEY MARKET FUNDS POST $4.1 BLN OUTFLOWS OVER WEEKLY PERIOD; SECOND CONSECUTIVE WEEK OF OUTFLOWS- LIPPER.» Read More
TOKYO, Feb 1- Japanese asset management firms have stopped accepting new money for their money market funds and other short-term debt funds after the central bank's adoption of negative interest rates made it difficult for funds to achieve positive returns. Major Japanese asset managers, including Mitsubishi UFJ Kokusai Asset Management, Mitsui Sumitomo...
U.S.-BASED MONEY MARKET FUNDS ATTRACT $13.9 BLN OVER WEEKLY PERIOD; LARGEST INFLOWS SO FAR THIS YEAR- LIPPER.
U.S.-BASED MONEY MARKET FUNDS ATTRACT $10.4 BLN INFLOWS OVER WEEKLY PERIOD, AFTER POSTING $16.7 BLN OUTFLOWS THE WEEK BEFORE- LIPPER.
Overnight yuan rates in Hong Kong hit 66.8 pct. *UK retailers lift European stocks. LONDON, Jan 12- Stocks rose in Europe on Tuesday, lifted by a recovery in oil prices, but after a slump in crude to a fresh 12- year low and a dramatic surge in offshore Chinese yuan deposit rates had earlier rattled investors.
Earlier, the People's Bank of China forced up overnight deposit rates in Hong Kong to 66.8 percent to ease the heavy downward pressure on the yuan, analysts said, an indication of the drastic measures required to cool Chinese market volatility. As oil slid closer to falling below $30 a barrel for the first time in 12 years, deflation-wary investors in Asia shunned...
U.S.-BASED MONEY MARKET FUNDS POST $16.7 BLN OUTFLOWS OVER WEEKLY PERIOD; REVERSING PREVIOUS WEEK OF INFLOWS- LIPPER.
SHANGHAI, Jan 5- Chinese regulators leapt to support stock markets early Tuesday, the day after a major crash, with the central bank pouring cash into the money market system and the securities regulator suggesting it might restrict share sales by major shareholders. China's securities regulator said it is studying rules to regulate share sales by major...
U.S.-BASED MONEY MARKET FUNDS ATTRACT $17 BLN INFLOWS OVER WEEKLY PERIOD; FOLLOWS 2 WEEKS OF OUTFLOWS- LIPPER.
NEW YORK, Dec 23- Savers who put their cash in U.S. money market funds are getting better returns since the Federal Reserve's first interest rate increase in nearly a decade last week. Interest rates on taxable U.S. money market funds averaged 0.05 percent in the week ended Dec. 22, the highest since October 2009, the Money Fund Report said on Wednesday.
U.S.-BASED MONEY MARKET FUNDS POST $11.3 BLN OUTFLOWS OVER WEEKLY PERIOD, REVERSING $13.5 BLN INFLOWS WEEK PRIOR- LIPPER.
U.S.-BASED MONEY MARKET FUNDS ATTRACT $17.8 BLN OVER WEEKLY PERIOD; SECOND STRAIGHT WEEK OF INFLOWS- LIPPER.
ALMATY, Dec 3- Kazakhstan's central bank, faced with persistent pressure on the national tenge currency, has delayed its monetary policy meeting for a second time, it said on Thursday, adding that the local money market was unable to set adequate interest rates. The National Bank of Kazakhstan said it was looking for ways to address imbalances on the market and...
U.S.-BASED MONEY MARKET FUNDS ATTRACT $6.1 BLN INFLOWS OVER WEEKLY PERIOD, FOLLOWING $20.2 BLN OUTFLOWS THE WEEK BEFORE- LIPPER.
U.S.-BASED MONEY MARKET FUNDS POST $20 BLN IN OUTFLOWS OVER WEEKLY PERIOD; LARGEST OUTFLOWS SINCE WEEK OF APRIL 15- LIPPER.
U.S.-BASED MONEY MARKET FUNDS ATTRACT $6.5 BLN OVER WEEKLY PERIOD, FOLLOWING CASH WITHDRAWALS OF $13.8 BLN IN WEEK PRIOR- LIPPER.
U.S.-BASED MONEY MARKET FUNDS POST $13.8 BLN OUTFLOWS OVER WEEKLY PERIOD; LARGEST OUTFLOWS SINCE APRIL- LIPPER.
NEW YORK, Nov 3- Bank of America Corp, the No. 2 U.S. bank, has agreed to sell its $87 billion money-market fund business to BlackRock Inc in one of the cash-management industry's largest deals ever. "Combining our business together with the Bank of America assets and distribution puts us in a unique competitive position," said Tom Callahan, co-head of global cash...
BOSTON/ NEW YORK, Oct 22- A failure by Washington leaders to raise the federal debt ceiling by next month could test whether new regulations have made money market mutual funds more robust. Now Republicans in the U.S. Congress are once again resisting requests to raise the federal debt ceiling, leading to concerns the U.S. Treasury Department might not have enough...
CLINTON'S SHADOW-BANKING PROPOSAL INCLUDES A REVIEW OF RECENT REGULATORY CHANGES TO THE MONEY MARKET FUND INDUSTRY.
More than 60 percent of U.S. credit card holders admit they don’t have a ‘chip-enabled’ card, a survey suggests. Chris Britt, co-founder & CEO of Chime, discusses the new research.