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Diversified Financials Capital Markets

  • MEXICO CITY, Sept 29- Puma Energy this week doubled its fuel sales to Puerto Rico's gas stations and industrial customers, aiming to ease long lines for gasoline and diesel that have persisted since Hurricane Maria struck earlier this month, a top executive said on Friday. The firm, partially owned by commodities trading giant Trafigura, which operates six...

  • Sept 29- Morgan Stanley has agreed to buy commercial real estate credit platform Mesa West Capital LLC, the firm said on Friday. The move adds $5 billion in assets under management to Morgan Stanley's investment management business, a unit that CEO James Gorman has said he is looking to grow substantially in the coming years. Investment management, led by former...

  • LONDON, Sept 29- Wall Street bank Citigroup is applying for a licence to conduct sales and trading activities in France, James Cowles, Citi's Chief Executive Officer for Europe, the Middle East& Africa told a French newspaper on Friday. There is fierce competition between Paris, Frankfurt and other European cities to woo international banks City of London...

  • LONDON, Sept 29- Wall Street bank Citigroup is applying for a license to conduct sales and trading activities in France, James Cowles, Citi's Chief Executive Officer for Europe, the Middle East& Africa told a French newspaper on Friday. There is fierce competition between Paris, Frankfurt and other European cities to woo international banks City of London...

  • LONDON, Sept 29- Wall Street bank Citigroup is applying for a license to conduct investment banking activities in France, James Cowles, Citi's Chief Executive Officer for Europe, the Middle East& Africa told a French newspaper on Friday. There is fierce competition between Paris, Frankfurt and other European cities to woo international banks City of London...

  • LONDON, Sept 29- Wall Street bank Citigroup is applying for a licence to conduct investment banking activities in France, James Cowles, Citi's Chief Executive Officer for Europe, the Middle East& Africa told a French newspaper on Friday. There is fierce competition between Paris, Frankfurt and other European cities to woo international banks City of London...

  • Sept 29- The following bids, mergers, acquisitions and disposals were reported by 1025 GMT on Friday:. **Invesco Ltd said on Thursday that it has agreed to acquire Guggenheim Investments' exchange-traded funds business, which includes $36.7 billion of assets under management as of Aug. 31. **Carlyle Group LP signed a definitive agreement to sell Klenk Holz AG, its...

  • Sept 29- The following bids, mergers, acquisitions and disposals were reported by 1025 GMT on Friday:. **Invesco Ltd said on Thursday that it has agreed to acquire Guggenheim Investments' exchange-traded funds business, which includes $36.7 billion of assets under management as of Aug. 31. **Carlyle Group LP signed a definitive agreement to sell Klenk Holz AG, its...

  • *Open interest trebles in December 2018 $100 calls. LONDON, Sept 29- When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100. Open interest in December 2018 $100 call options, which expire next October, has trebled in the space of a week to more than 30,000 lots, on a par with the most active...

  • *Open interest trebles in December 2018 $100 calls. LONDON, Sept 29- When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100. Open interest in December 2018 $100 call options, which expire next October, has trebled in the space of a week to more than 30,000 lots, on a par with the most active...

  • LONDON, Sept 29- Proceeds from European initial public offerings reached $7.7 billion in the three months ending September, up 45 percent compared with last year and the highest since 2014, according to Thomson Reuters data. Unusually low volatility, strong equity markets and improving global economic growth outlook boosted equity issuance in Europe and...

  • AMSTERDAM, Sept 28- U.S. credit hedge fund Marathon Asset Management sees buying opportunities in British non-performing loans as Britain's economy slows down following its vote to leave the European Union, the fund's chief executive said on Thursday. "We think the UK will really start to feel Brexit a year from now," Bruce Richards, who is also chairman of the $14...

  • NEW YORK, Sept 27- Three years after Bill Gross shocked the financial world by exiting Pacific Investment Management Co and ending his reign over the Pimco Total Return Bond fund, investors who stuck with the bond fund have come out ahead of those at most of its rivals. Pimco Total Return, once the world's largest bond fund, was taken over by Scott Mather, Mark Kiesel...

  • NEW YORK, Sept 27- Three years after Bill Gross shocked the financial world by exiting Pacific Investment Management Co and ending his reign over Pimco Total Return Bond fund, investors who stuck with the bond fund have come out ahead of those at most of its rivals. Pimco Total Return, once the world's largest bond fund, was taken over by Scott Mather, Mark Kiesel and...

  • NEW YORK, Sept 27- It's back- at least for one day. "You are seeing some optimism coming back into play" in the wake of the tax proposal, said Julien Scholnick, portfolio manager at Western Asset Management Co in Pasadena, California. And Emmanuel Cau, executive director of global equity strategy at JP Morgan& Co in London, said the reflation trade was back.

  • ZURICH, Sept 27- UBS, the world's largest wealth manager, is convinced its new online private bank needs to get bigger. The Swiss bank began piloting SmartWealth last year in Britain as a platform to rival start-ups such as WealthFront in the United States and British venture Nutmeg. Juerg Zeltner, the head of UBS's wealth management division, told Reuters on...

  • BOSTON, Sept 27- Fidelity Investments does not need to do an initial public offering to raise capital, Chairman Abigail Johnson said in a Bloomberg Television interview that aired on Wednesday. Johnson, the third generation of her family to run the Boston- based mutual fund group, said Fidelity does not need the capital that an initial public offering would bring.

  • Sept 26- New York- based Paulson& Co, led by longtime gold bull John Paulson, called on Tuesday for the world's biggest investors in gold-mining stocks to form a coalition to tackle miners' "dreadful" performance. Speaking at the Denver Gold Forum, the industry's top annual event, Paulson& Co partner Marcelo Kim launched the blistering attack on the sector, saying the...

  • *United States- North Korea tensions remain. NEW YORK/ LONDON, Sept 26- Spot gold dipped more than 1 percent after Federal Reserve Chair Janet Yellen said the central bank needed to continue gradual rate hikes, despite weak inflation. emergency accommodation with the very large debt that were facing, "said George Gero, managing director of RBC Wealth Management in...

  • Manulife Real Estate, part of Manulife Financial Corp, appointed Kenny Lam as managing director, head of Asia real estate investments, effective immediately. Franklin Templeton Investments, part of investment management firm Franklin Resources Inc, appointed David Whitehair as head of its defined contribution business in the UK. The asset management arm of...