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Diversified Financials Capital Markets

  • LONDON, June 12- Hedge funds have turned much more bearish towards U.S. natural gas prices after stocks built much more than expected at the start of the summer cooling season. By May 23, hedge funds had accumulated a near-record net long position of 3,919 billion cubic feet, according to the U.S. Commodity Futures Trading Commission. Spot prices and calendar...

  • DUBAI, June 12- Egypt's EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters on Monday. As well as Nigeria, Kenya and Pakistan, EFG is also eyeing expansion into Bangladesh and Vietnam, said Khalpey,...

  • DUBAI, June 12- Egypt's EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters on Monday. As well as Nigeria, Kenya and Pakistan, EFG is also eyeing expansion into Bangladesh and Vietnam, said Khalpey,...

  • Investors cheer to French, Italy vote. MILAN, June 12- European stocks were hit on Monday by big falls in Apple suppliers and other tech shares, overshadowing well-received election results in France and Italy. Europe's tech index fell 3.1 percent, leading sectoral losers in Europe and on track for its biggest one day loss since the post Brexit sell-off in June...

  • LONDON, June 12- Public sector investors plan to raise exposure to real estate, infrastructure, green bonds and renewables over the coming year, while cutting holdings of low-yielding government bonds, an annual survey showed on Monday. The Official Monetary and Financial Institutions Forum polled chief investment officers and reserve managers at 31 public...

  • LONDON, June 12- Public sector investors plan to raise exposure to real estate, infrastructure, green bonds and renewables over the coming year, while cutting holdings of low-yielding government bonds, an annual survey showed on Monday. The Official Monetary and Financial Institutions Forum polled chief investment officers and reserve managers at 31 public...

  • June 9- The world's largest asset manager BlackRock Inc on Friday urged Exxon Mobil Corp to "enhance its disclosures" regarding risks related to climate change. Less than two weeks ago, shareholders approved a measure calling for increased transparency on climate change, a resolution supported by BlackRock and other large institutional funds.

  • AMSTERDAM, June 9- Hedge fund Elliott Advisors has become Dutch paint maker Akzo Nobel's largest shareholder by increasing its stake to at least 5 percent, according to a filing published by Dutch regulators on Friday. Elliott led a group of shareholders dissatisfied with Akzo's reluctance to enter talks with PPG over a 26.3 billion euro buyout proposal, which...

  • NEW YORK, June 8- JPMorgan Chase& Co Chief Operating Officer Matt Zames will leave the bank in the coming weeks, and his duties are being transferred to a number of other senior executives, Chief Executive Officer Jamie Dimon said in an internal memo seen by Reuters on Thursday. He helped stabilize Bear Stearns after JPMorgan acquired the investment bank during...

  • FRANKFURT, June 8- Deutsche Bank said on Thursday it had hired Nick Richitt as managing director in healthcare investment banking, focusing on healthcare IT and outsourcing. Richitt will join Deutsche Bank in September from Suntrust Robinson Humphrey, where he has been a managing director in technology and services investment banking.

  • June 8- Canadian commercial financing company ECN Capital Corp said on Thursday it would buy U.S.-based Service Finance Holdings LLC for C $410 million in cash. ECN Capital offers financial services to rail and commercial aviation markets, while privately held Service Finance Holdings lends for home improvement projects in the United States.

  • Synergies with China Galaxy are great: CIMB CEO

    Zafrul Aziz, CEO of CIMB Group, weighs in on the lender's deal to sell 50 percent of its international securities business to China Galaxy.

  • WASHINGTON, June 7- The U.S. Securities and Exchange Commission is poised to hire Dalia Blass to lead the division that regulates asset managers, according to a person familiar with the matter. Blass, an attorney at Ropes& Gray LLP, is an SEC alumnus who previously worked in the Investment Management division that she is being tapped to lead. It is currently being led...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • BOSTON, June 2- Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market's gains, early returns show. Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd...

  • LONDON, June 6- Whatever the outcome of Britain's election on Thursday, some hedge funds are still betting sterling will fall anew-- anticipating Britain's exit from the European Union will lead to an economic slowdown whichever way the vote goes. "We think the pound will fall because we think investors have been taking the elections and the cost of Brexit too much...

  • LONDON, June 7- France is in talks with 30-50 asset managers who are considering setting up new outposts in Paris so that they can retain access to the European Union once Britain leaves, the ambassador for the French asset management lobbying group told Reuters. Britain's vote last June to leave the EU has sparked fierce competition among financial centers...

  • FRANKFURT, June 7- Bayer has cut its stake in plastics and chemicals subsidiary Covestro to 44.8 percent after selling an 8.5 percent stake to institutional investors as part of a plan to sever ownership ties completely in the medium term. Bayer, which is buying U.S. seeds giant Monsanto, has also issued 1 billion euros in bonds that it can pay back with up to 6.1...